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Sorry, I don't buy into conspiracy theories, what I DO see is constant selling pressure on this stock for over a year now with the entire share structure constantly growing. If Ken plans on unloading another $800k of stock into the O/S you and all your buddies better line up with your money, because there's going to be a never ending supply of "cheapies" that need to be bought.
So you just "know" that the Lucky property is worth 2 BILLION dollars without the first hole being dug. lol. The standard KATX talking points have been beaten into the ground, it's time for a new pump.
Yes, Ken Stead is purposely driving his company's value into the ground so he can have all the shares to himself.....I think I've officially heard every excuse for why KATX has tanked now. lol.
I hear ya, although I'll say with KATX it's been wise to keep an eye on the filings since the company went dark.
Well they only did small phase 1 programs on both properties, so they are still unproven, you don't have it until you do (kind of like our BVIG shares). No secret drilling conspiracies please, but I do think further drilling and salaries be financed through shares, I think a R/S will happen at some point but I think they'll bump the A/S a few more times before they do. The company has made its intentions clear, they need money, they have shares. If people can't do 2+2 on that it's their own fault.
We saw how fast KATX went through $2M, now they're trying to raise $1M which I would assume would be for further drilling. I would think they'd want to get started next spring. So you have about 6 months to come up with $800k and your only assets are stock and unproven claims. How do you do it?
I'm not speculating on today, I was more commenting on when KATX will finally see a bottom after a year of trending down. With $800k worth of additional stock that will probably hit the market, I'd be pretty hesistant to call a bottom with this one. I like your call on the next support though. I think we might see a new channel around .006-.008 IMO.
As of the last filing KATX still wanted to raise an additional $800k in financing, that's a lot of potential stock that hasn't hit the market yet. They obviously didn't raise the A/S for kicks and giggles.
More days like this to come until KATX finishes diluting to finance further drilling. Maybe Ken and Tim will take a salary cut this time around.
The anticipation is building, people grabbing what they can at the ask. Can't wait to see what might be coming down the NWGC pipeline, I have a pretty good idea but I wouldn't claim to be in the know.
Another day of nice action on the ask, and another day of crickets on this board. Somebody knows something IMO.
IMO it's going to be a long winter. KATX will probably try to prop the PPS with some pump rags or PR's but you might want to wait until the dust settles on this one.
I don't it's done but this stock has a nice long history with unannounced financing and dilution.
When we're all broke we can have someone read it to us and we can think about what might have been. We can finish it off with the story about the mysterious BVIG share distribution.
The company needs money, they grew the share structure, they filed to try to sell said shares with convertable debt. We have no idea the terms that are being agreed upon with any private investor and what price any of these shares are being financed at. I realize the need to raise cash to continue operations, it's just not going to be my cash this time.
Guess Kenny is depending on pump rags to get volume up so he can continue to unload. This is getting painful to watch.
Sure is quiet in here considering the buying that went on this week.
Most here were promised something they didn't get. We took it in the teeth with losing HC and never got the promised distribution shares in return. Usually when people are promised something and are never given it, they have a tendency to stick around and voice their displeasure.
It's what happens when KATX continues to dilute the share structure, there's a never ending supply of "cheapies". Good luck.
Yep ask getting hammered. Calm before the storm IMO. Somebody knows something. Do you know anything? Lol.
IMO NWGC is going to be a big play, the fundamentals and the story are here and they have the financials to back it up. I've been accumulating in the channel myself, obviously other people are also and are keeping it quiet.
I wonder why NWGC never PR'ed they more than doubled their stake in Andes Gold. With upgrades to our gold ore processing plants and upping the stake in another gold producer, I'm getting anxious to see how profitable this is going to make the company. I agree, this stock won't be under the radar too much longer imo.
Nice flurry of buying volume coming in.
This is all coming together, I wasn't even aware that NWGC increased their stake in Andes, their bottom line is probably going to look pretty good.
What's good for Andes Gold is good for us. Our last financials were just the beginning. NWGC is going to run big in the coming months imo.
IMO it's going to be a pretty big spark, and with the financials to back it I think we'll surpass old highs without much effort.
NWGC still churning nicely here.
Whether through policy or KATX, they are gagged. They will not give you the current O/S. They refer you to the company. From what I understand they used to have a T/A that gave out O/S numbers. They switched to a T/A that didn't give out the O/S ironically about the time they started doubling the O/S. Coincidence? Could be, but I don't think so.
My point is you can't even say that HC is even worth $113M or whatever the arbitrary number was, the company sold it to themselves. I could sell my car to myself for $500k, but it doesn't make my car worth $500k. There is a conflict of interest in that whole deal, and what a mess it turned out to be. Even the SEC recognized it.
Cool let us know how it goes, I think with the big positive cashflow we're now seeing it shouldn't be too much of an issue.
I would actually start with the SEC filings that show the employees sucking down six figure salaries while doing nothing further in exploration. I would also let them know about the BVIG shares that were promised over a year ago which no one has received.
Not being able to find the current share structure on a pinky play is a no-no. Somehow many here were lead to believe KATX was different, well, turns out it isn't.
I'll spell it out.
1. Company promised BVIG shares for holders of KATX shares. To my knowledge no one has received them over a year later.
2. You can't get the current O/S numbers for KATX. Their T/A won't give it out, try calling. I have. Whether by policy or KATX, they're gagged.
3. The O/S went from about 300M to 687M in a year and looks to be going up as we speak. That would be the company selling shares.
Lol, legal proof of what? That I think this company is a scam? Right.
The O/S doubled in one year while the company encouraged buying with the share distribution debacle. What would you call that?
People have a tendency to stick around when they're owed something. Especially when the company was dumping shares through a gagged T/A. KATX is just another pinky scam IMO, buyer beware.
What would you call the BVIG debacle? It was an incentive for shareholders to hold on while KATX dumped shares. Sounds like a scam. Have fun while the O/S goes up another 250M.
At this point I think KATX will go bankrupt before we get our shares. It was all a shell game IMO.
How the SEC would view a company selling stock on an American exchange without an American business license would be something worth finding out, assuming KATX didn't incorporate elsewhere.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=J8szY3FcAPHkNelvFsm4DA%253d%253d&nt7=0
It's under the status of "revoked". Not good. At the bottom of the page you can click to view the specific amendments, right at the very top there's one increasing the A/S from 700M to 980M. You're welcome.