In a situation with a stock that's had so much negative information recently time is your enemy. As more and more people come to the same conclusion you do and determine to sell the stock, the price will keep getting driven lower, just look at the action since Monday. Sure their have been some up swings, but they're getting fewer in number and smaller swings. There's no way this doubles from here. It's already up 50% from the morning low and anyone that bought in the .06 range is going to jump out and take their 50% profit today and run, which will cause the price to fall again. If you bought at .076 you're sitting on a 30% profit for a few hours work, I think I'd take it and put the money to work elsewhere.

When the SEC grabs the dead cat around the throat there's not going to be any bounce.

If that's the case why wouldn't he wait until this hits .0001 in the next couple of weeks and then he can buy the whole company for less than $10,000, which he probably has in his money clip right now.

The only scam was perpetrated by the company in order to sell lots of shares at inflated prices which they've done. Even if, and that's an enormous unlikely if, this company had legitimate operations and mining claims, they will be so tarnished by the memory of this entire debacle that no one will want to own the stock at any price above .000X, and only then on the off chance that it moves up slightly from there and they're able to make some money. I like to make money as much as the next person and am not opposed to shorting a stock if I believe it is warranted, but there's no way I'd want to buy this thing again at any price. I've been in one before that trading got halted on and by the time it started trading again the shares were virtually worthless and so was the company.

Why don't you light the money that way at least you'll get some heat from it to protect against the cold which is worth way more than what you'll get by buying shares here.

I did notice they've got someone with a Russian or Slavic sounding name on their management team so that's a good sign and IR is located in Scottsdale which also puts them in common with some recent runners in the Junior field. According to their website they're looking to prove up about 4,600,000 ounces of gold which with 15M in OS that would make these shares worth a pretty penny, or pretty Benjamin actually.

I'd have liked to heard about this one before it went up 50% today, lol. I'm going to do some research on this one and see what I can find.

I'm betting it doesn't get accepted and they rationalize it by saying that they don't feel the price adquately reflects the true value of the company's holdings.

I used some of the profits I made on playing the SA*I run to load up today on LBSR in anticipation of a Christmas present from the company, even if it comes after Christmas :)

And of course they immediately drop the bid and the ask, lol, how predictable. I think there's some loading going on for what is perceived as an imminent major move higher based on news.

I'm guessing that the most likely occurrence is they'll say that after further review they don't think the offer is high enough and so they've turned it down which will cause the price to plummet, of course people will interpret that as meaning someone else will come along with a higher bid that's why they turned it down. I've made some good money on the ups and downs with this company but I don't believe for a minute that this is a legitimate offer or if it was Onexim would address it, especially after SAEI released news about it.

I agree that they may not have "purposely" held up the distribution so that it would coincide with HC news; however, I'm sure they'd love for great PH II results on HC to come out just before the shares showing up as that would set a floor under the stock price and cause some buying interest in the stock.

I can also see why they may want to hold off issuing our BVIG share distribution as well. I think that KAT management think it better to hold off with the shares and the restructuring until there is good news to announce, and then to coincide the share distrubution with this announcement.

I don't believe this to be true and certainly hope not. If they're in fact holding off issuing the BVIG shares for some news then they've got a major credibility problem, especially when they provided news that said we've done all we can do and the distribution and processing of the shares is out of our hands. I firmly believe that its just hung up in beaurocratic red tape and could hit any day now and will remain in that status until they hit our accounts.

I agree, hopefully they had to drill twice as deep as planned because they kept hitting minerals and needed to see how deep it goes. That would make for a huge PR

Except there's no volume down here either. At least at a higher bid-ask point they generate some interest and can get some volume when people outside of our little group see it showing up with the price climbing. But you're right as long as we're on the pinks they can do whatever they choose to do and whatever suits their purposes.

Yep, I don't understand the MM mindset. If everyone else is on the ask at .08, why not go to .079 and you're still first in line, why go to .073 and give up the extra price action? I guess that's why they do what they do and why I do what I do.

And just like that they drop it back down. Wow, the whole thing took less than 5 minutes. Maybe they were just trying to see if anyone was paying attention.

Yeah but probably 15-20 minutes to proofread it and make sure it passes legal muster.

and of course the last trade went through at the lower ask price, lol, got to love the MM's

That's a well known site where any time any stock flies up they do a "analysis" saying they can't figure out why the price is higher, and they always have incorrect information, just rumors and innuendo. Every single piece I've seen shows some reasonably attractive female with an eastern european name, like I'm sure that a female in Czechoslvakia really knows what's going on. They've done the same thing on several other stocks I've been in and the effect is pretty short lived once everyone realizes who wrote the piece, it usually just scares the clueless.

Actually I put a buy in yesterday right before close and it didn't go through and so since it was a buy just for the day I thought it cancelled and I'd have to do it again. Somehow it showed up when I signed into my account this morning that it had gone through. Lucky for me I guess.

I don't know, based on lack of response to recent emails from others I've got the feeling they do think that is too much to ask for.

Barring any last minute heroics it looks like you were right on the money.

I see so its actually a good thing that the share price is down almost 10% for the day and about 15% from the high of the day? Based on that reasoning if it drops down in the 6's it will be great and there won't be anyone left but us longs.

What I'm saying is I'm used to dealing with government officials and if you don't stay on them then nothing gets done, you pretty much go to the bottom of the to do pile. What's the point of the blog if they're not going to put anything in there other than what they release a PR for anyway? I'm not saying give me what I want when I want it, I'm saying is what's the point of having an IR person if he doesn't do any IR? Am I frustrated? Sure I'm frustrated but I don't believe in giving them a "pass" since we're so confident that each day we don't hear something means that when we do it will be that much better. Like many people have mentioned, in the spring they did a good job of updating us with information and oh yeah the share price went from .05 in February to 5x that in May. Since June they've not been as forthcoming with the information and the share price has suffered. Maybe its just a coincidence, I don't know. I do hope that the silence is partly because the early results came back good enough that they're in active JV discussions with someone and can't legally share information.

Hey, I can't help it if I'm like my kids waiting for Christmas, I know it's coming but that doesn't mean I don't wish it was already here.

LOL, I don't think anyone in Washington cares about what any of us think based on recent experience. I agree some people have an agenda with regards to their comments, but that could be positive or negative comments. I'm long on the company but I've got some questions and concerns that I feel I should be able to voice openly without someone saying run along if you're going to be that way. When I voice my concerns I'm hoping someone can point me in the direction of information or give me information to alleviate or minimize the concerns, not dismiss them out of hand. I don't think the company should release news constantly or even blog about it, because that damages the effectiveness of the information and some good can get lost in the mindless chatter of constant updates. However, it would be nice to know that they've checked on the BVIG share distribution and let us know where that stands other than it's out of their hands, they could let us know drilling is proceeding as planned or has finished. Both of which are pertinent to the matters at hand.

I certainly don't want their blog to turn into facebook where people start talking about what they're drinking or eating at that moment.

Oh yeah I forgot, on the KATX board positive comments only no expressions of disappointment, dismay or concern regarding our investment here. I thought the board was for conversations regarding KATX, regardless of what they entail. I guess its kind of like saying stop whining or expressing your concerns about the conditions in America or whatever country you happen to live in, just move on and leave the rest of us alone. I don't always agree with contrary viewpoints but at least they keep me from getting too arrogant in my belief that I'm absolutely right and cause me to stop and consider that maybe I've overlooked something. I agree at the end of the day everyone has to make their own decisions but to say we don't want to hear anything contrary to what we believe defeats the purpose of this discussion board or any discussion board.

I don't know any of those things personally, I know what other's have said just like you do. My point is if we're basing our investment decisions on blind faith in management, regardless of the company, that's not a good place to be either. I firmly hope and believe that we've got a lot of potential and lots of mineral value in the ground or I wouldn't be here, but I'm definitely not here primarily because of management. Great management with crappy results would result in a crappy stock price. Hopefully we've got good management with great results.

Because people are saying I don't care what the stock price is or what's going on with the company, "I trust Ken" and he says "we good". I'm with you, I want to know what's in the ground

Not to be argumentative but you're kidding right? Any item's value is only determined by what someone is willing to pay for it. Google could be a $100B company but if someone's only willing to pay $25B for it guess what, that's what it's worth. I hold shares in KATX and right now it's a $50M company regardless of what you or I or anyone else thinks it's worth. That's not to say it's not "potentially" more valuable or even less valuable than that, but that's not what it's worth right now. I thought the stock was worth more than .25/share 6 months ago, and guess what I was wrong and as a consequence passed up on thousands of dollars worth of profits or the opportunity to buy 4 times as many shares by selling at .25 and buying back at .06

I would say we don't know the management at all other than what we've seen them say and do. Is Ken completely honest in all of his dealings, personal and business? I don't know for sure and neither do you. Are they strictly looking out for shareholders or if their personal interest is opposed to shareholder's interest are they going to help themselves? Recent history would say most management would. Are they looking at a long term perspective and have a achievable, master plan that will benefit the company and ultimately shareholders, or are they managing and making decisions on a day-to-day basis hoping it all works out in the end? We think we know the answers to these questions but don't really with 100% assurance. Maybe I'm cynical but I don't blindly trust that anyone, including Ken, in his position is going to make decisions that may be detrimental to them personally if it benefits others like the shareholders. He's driven by the same things we are, which is make money for himself, otherwise he'd have never done what he's doing. My only hope is that his personal interest based on the number of shares he owns are completely aligned with mine to maximize shareholder value of the company. You'll have to admit if that's the overriding goal, that at least in the last 6 months they've done a bad job of achieving it. I'm still hopeful that the next 6 months will look much better.

Ok, since you know what you own, what is the value of the minerals and REE's at RR and what should the share price be on that basis? What is the value going to be of HC with the gold and silver and what is the BVIG (KATG) price going to be to reflect those values? Is this stock priced fairly right now at just over .08/share or should it be at .50 or higher or maybe lower on the basis of what we own? You know what you hope you own because you hope that RR proves out and the PH II results from HC come in much higher and we hope that Vale starts putting money into Lucky and that Cabot comes back as a home run etc. We don't know what we own other than that the market says we own shares in a company valued at $50M based on what we "think" is there. We could have the bargain of the century or we could have a stock that is fairly priced, we don't know.

When someone says "I know what I own" usually that means they know details about it based on news or information. Do I own shares in company with a huge find of CU and REEs and gold at RR and distribution shares in BVIG which has enormous amounts of gold and silver. Or do I own shares in a company that strikes out on RR but has other properties to drill if they can get the $ and the PH I drill results on HC are better than PH II? Without any information or news we don't really know what we have at this point other than hope. I know that's the nature of the beast in these types of plays and I accept that, but everyone keeps saying I'm not worried, I know what I own when they know what they hope they own.

My point is that when other gold and precious metal stocks are running crazy just because they announce they saw a gold speck on some property close to property they're considering acquiring, KATX is already drilling RR and PH II of HC and should probably be moving higher somewhat, but the MM's seem to stop any upward move in its tracks and hold it back arbitarily. Let's see if KATX was worth $.25/share on anticipation of drilling and news, do you honestly believe it should be worth 1/3 of that when its actually in progress and maybe days away from being reported. Momentum in a stock movement in either direction is a powerful thing, many people scan for stocks that have climbed in any given day and if they see multiple days of nice increases then they're more likely to buy in for the ride. If the MM's help it to close flat to up a minimal amount they move on to other plays.

We can say then they don't deserve to invest here if they're not willing to wait but we need new buyers to get the share price up and stay up. We can argue all we want that we know what we have and the company is worth $1-4/share or whatever price you want to assign, but unless someone's willing to buy your stock for that price it doesn't matter. Unless, of course, we just want to trade shares back and forth with each other which means some of us will be happy and some will be disappointed.

With no news I'm not completely sure that I know exactly what I own anymore. So you're telling me that if the price closed today at $0.50/share you'd yawn and say it's just one day, not that big a deal? Or does that rationalization only apply when we're hoping for big gains and seeing the stock trade relatively flat so we feel better about our decision to hold?

Perception is always a huge positive or negative in any situation. I think many people are so disgusted with the process to this point with the share distribution that they may unload their shares at the first possible moment regardless of what's going on. If we had the shares in our hands there are still some free trading shares and it might have helped establish a price for the stock and gain some confidence in the management's ability to do what they say they're going to do. You can't tell me that when you read they were going to get the shares to us as free trading because of their confidence in HC that you were expecting to be this long without them. If we don't get them until January anyway then they haven't benefited us at all and they've caused perception problems for the company and come off as looking amateurish at best or guilty of purposely misleading everyone at worst.

The primary positive I take from the Pope's posting is that Ken and the gang are still there. After it being quiet for so long I was beginning to think maybe everyone left the building and forgot to let us know.

See I disagree because MM's don't really care about the actual business details of any company whose stock they trade, they're only interested in making money by fulfilling their function of providing liquidity in a particular stock by trading the spread and earning generally small amounts on each trade but on huge numbers of trades. They probably couldn't tell you if Rusty Ridge was a character in the latest Toy Story movie or a property being drilled in Newfoundland. You've just got to question what's going on with them when the ask keeps getting hit at higher and higher levels and then they drop it down dramatically and volume drys up. The only time they care about news from a company is if it causes the share price to move as a result of a lot of buying interest in a stock since they'll buy at the bid and sell it to everyone else at the ask all day long and pocket the difference as well as any transactional fees they might earn.

No argument here on that, I'm just frustrated that day in and day out the MM's seem to pick KATX as their personal whipping boy and refuse to allow it to run or close too positive. And yes on a Pink the MM's have complete control as far as setting the stock price. I think I'd have been happier if Ken would have uplisted KATX as a whole into BVIG and then spun off HC into another shell that could have been purchased for that purpose. I don't always agree with every decision made by the top management of the company I work for but I've got to trust that they want what's best for the company and have information I'm not privy to. I sincerely hope that we'll all be here in a couple of months sitting on a lot of profits in our accounts and looking back and saying "now I see why they did things that way, the master plan makes perfect sense".

I agree that patience is necessary for any "investment" unless you want to be one of the hit and run guys populating the top IHUB board of whatever day it happens to be. I wholeheartedly believe in the DD that has been presented, how3ever, like everyone else I'm in this to make money. There's a time cost of money, especially when you can take the value you have invested here and put it to work short term somewhere else and make a profit and then come back and buy more shares because KATX's price has remained relatively the same. If I had any idea of where the share price was going I'd have sold at .25 and bought 4 times as many shares at .0625, but that's just the risks in the market.

Even some of the longs are questioning why the price is not going up dramatically when commodity prices are and other juniors with more risky properties and not as much going for them are screaming through the roof. I'm still long on the stock and long now means longer than I thought it did several months ago, but I also don't necessarily believe that everything that happens regarding KATX and the stock should be spun as great news because to believe otherwise as a long means I may have made a foolish decision in how I played or am playing this investment. Sometimes no news is just that, no news.