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The lesson learned from KATX is just when you think it's at the bottom it always goes lower, I'm waiting to see if they do anything this year, if news is good, I'll ride it up, if not, I'll get my sub-penny positions this winter imo.
Didn't you hear that a PR is coming soon? Not like the numerous times it was pumped before though, this time they mean it, lol. I agree, it's looking like it's a wrap for this year. Possibly if they get some funding together they can poke around on Handcamp a little more but that's even looking doubtful, and it won't help KATX anyway.
On a $5 paint job on a generous ask, let the dumping continue. What happened to the latest predictions of news? I've been out for a week, it doesn't appear we had any. Weird.
Exactly, the big move here has already been played, now we slowly fade to obscurity while we argue about what should've been done. Good job to those that flipped this for what it is, a stinky pinky.
A/S was 4 billion the last I checked, that was awhile ago though.
They don't need to file to sell shares that aren't under restriction and are within the existing share structure. They would only need to file to increase the A/S. This is a limited info pinky for a reason.
News next week for sure this time? Not like the countless times we've heard this pumped before? Lol, this is getting beyond ridiculous. All I see are a bunch of desparate shareholders just wishing to break even, myself included.
Been hearing rumors that the upcoming financials are going to be good. Take it for what it's worth. GLTA.
Any mention of who this mystery company is yet? What about the full disclosure that was supposed to happen? I'm sorry but I'm a bit skeptical about this dog and pony show the company is putting on.
With the O/S doubling since then? Doubtful, no doubt it should run though if we have something pointing toward minability, unless we have big wigs selling into it. The company needs to do something before the season closes, otherwise many should get their wish of sub-penny prices.
Someone was trying to get that ask up today. No worries, this is going to move quick with decent buying pressure. Great time to buy before financials and mill updates start.
I took a quick glance and see three decent resistance levels before .02. 50 DMA, .018, and a big one at .02. Fact is when you have a chart that looks like KATX, it's hard to get it rolling again, people are going to be cutting losses or trying to break even with any decent upward movement.
With tens of thousands of dollars lost by individual investors, people here want to believe that there's going to be a miracle discovery that's going to put them back in the green. The reality of that happening is slim to none. Others here have obviously realized this and see the stock for what it is.
I suspect we'll be hearing an update about the mills in the not too distant future.
Good buying opp in the quiet times. I have a feeling this is going to move quickly when the news hits.
All aboard the Titanic! Grab your seat now you're running out of time! First stop Rusty Ridge to see what lost hopes and dreams look like!
Where have I heard that before? Lol, the same old hooks still being attempted here.
With no cash on hand, nothing going on, and the increase in the A/S, I'm leaning toward the probability that our IR firm is getting paid in shares. IMO toxic financing is on its way, KATX is stuck between a rock and a hard place and they don't have assets to use as leverage.
Wow, so you are ignoring the things that exist in reality like the O/S doubling in size, and put your hopes on something that can't be proven like "air shares"? Hmmmm.
The O/S has doubled in the last year and you're still talking about air shares? Do you think the O/S doubling, coupled with the BVIG debacle, and less than stellar drilling results has "maybe" had something to do with the price decline? Just maybe?
I've also never been in a pinky as long as KATX, I've also never been in one that was this big of a train wreck. I guess there's some truth in the statement of investing in a pinky will leave you bitter and broke.
This isn't another typical pinky? Like all the promises kept like the distro shares? The shell game with BVIG? The transparency? The 160M shares the CEO's just gave themselves? I could go on, but you'll see soon enough when they need a promo campaign to unload the 250M shares they just increased the A/S by, the is a typical pinky in every sense of the word. Everybody always claims that whatever particular company they're invested in is "not the typical pinky".
If it slowly becomes reality that KATX isn't doing anything until next spring, or we see direct dilution into the O/S, we're heading lower, probably .006-.008 IMO. If this is the case look for some fluff PR's coming up or into the fall to attempt to support the PPS.
Trust has nothing to do with it. Vale would do an option with Nazi Germany if it was potentially beneficial. That said an option agreement doesn't mean much to a company like Vale, it is not a gaurantee of any kind of work being performed, unfortunately this is all KATX has going for it now. If Vale lets the option expire it's going to be lights out.
So is the SEC holding this up or did they satisfy the SEC? Pumpers can't have it both ways, some claiming the SEC is holding things up, others say Ken satisfied the SEC. Lol, all I know is no one has their shares besides Kenny and Timmy.
I wonder if it was a coincidence that KATX just happened to go with a T/A that didn't quote daily O/S numbers at the approximate time shares were getting unloaded into it. Things that make you go hmmmmm.
Not implying some unholy allegiance between Stan and KATX, just pointing out that Stan apparently has a past, just like their client KATX. I wonder how many shares Stan is getting for his services.
I'm pretty sure the restriction period starts on the date of issuance. Being that they've already issued their own shares to themselves, yes, it appears that they'll have shares off restriction long before we will. Nice guys huh? These pinky CEOs are really looking out for their shareholders. lol.
Lol, you'll never hear those words even if they are. This is the pinks, they'll just dilute under your nose and turn the phones off.
Lol, you'll never hear those words even if they are. This is the pinks, they'll just dilute under your nose and turn the phones off. Fact of the matter is it appears Stan was suspended by the SEC for shady stock practices. Now KATX itself was checked up by the SEC for the whole share distribution fiasco. With everything that's transpired over the last year, this is all either highly coincidental or this is an outright scam.
Seems our IR firm has a less than pleasant past. This just raises more questions we'll probably never get the answers too. Needless to say this has all been stinking for quite some time now. Wonder what will be the final nail in the coffin for this circus.
It's a bad thing because of the current situation. It might be Compushare's policy, but when KATX just had a nice increase in the A/S, not being able to get daily O/S numbers is not good, it's the only way to tell if the company is diluting.
A 5.2M market cap for a current info. company with mines in the early stages of production with upgrades happening right now. IMO NWGC is a beast in the making.
A little movement here today, I'm thinking it won't be long before we get an update on how progress is going with the upgrades to the mines.
They were referring to pink sheet companies, and I would say their advice was accurate.
I had a number of experienced investors tell me that a share distribution is just the CEO trying to prop up the share price and keep people hanging around, here we are a year later...hanging on. Well played Kenny and Timmy, I must give credit where credit is due.
Since the chart is showing weakness, I'm thinking multiple bidwhacks is a possibility to see how low they can drive this.
The government isn't delaying anything, KATX has to have a full audit. Is the government preventing Ken from getting this done also?
The prediction was that if the company doesn't find an investor willing to do a private placement, you would see direct dilution from the company into the O/S. Unless you think the company increased the A/S by 280 million because it was a slow day at the office.
Well, it doesn't appear that Ken is starving going by salary allotment in the filings, remember the 186 million shares Kenny and Timmy gave themselves also? They're definitely putting the shareholders first. lol.