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The company is going to have to clarify this for sure. At one point it looked like there was excessive shorting going on on this stock which might have something to do with it. I am counting on our Canadian friends out there to let us know if trading resumes today in Canada as it is supposed to (the last order was supposed to end at the close of the markets yesterday).
There are a lot of potential pros and cons here, we should remain enthusiastic but vigilant.
Well done to you Sho-Nuff and GLTUA.
The company (KATX) says they are not selling. With the amount of shares being sold at the end of the day each day, it is either a WHALE of an investor or the financiers, with probably some discouraged minor players thrown in for good measure. There has to be a finite number of shares that person or the financiers have. If it is financiers, they could have up to 50 million shares - but then again there is another theory the financiers did not give over the full 5 million in financing so they might not have 50 million. If they got less than 50 million maybe they are almost done with their selling.
It is hard to say what is happening exactly. Death by a thousand cuts? Or just selling at what they consider is a return on investment?
However, here's my 2 cents on why I don't think HDSN is being ethical. 9 times out of ten, KATX OPENS UP over the previous close. I look at my Scottrade account and I am up hundreds of dollars at the open. HDSN COULD SELL AT THAT TIME AND MAKE MORE MONEY FOR THE SELLER. But waits until the end of the day and sells for lower than the open. Explain that. I see this over and over. Up at open - yay today's gonna be good. Then down like .0001 or .0005 or something right at day's end. No one else thinks that is odd?
Good evening Nitwit. I was wondering when we should see you again.
Does your knowledge of technicals tell you anything? I am kind of thinking we are going to have a bounce here - news or no news.
Honestly I don't think the day of the week that a PR is released is all that important. However, one thing I did notice was that on Friday 7 Jan 2011 when the last PR was released late in the day, the market makers were caught flat-footed. I couldn't help but to detect the air of vengeance in that.
Thank you, gump. This assessment helps.
I hope my guess is right that one of the reasons the company is mum and seems to have a no-care attitude about share price is so that the financiers can sell their shares for pennies and don't get to reap the future benefits if and when KATX hits something that will bring real value.
I got an answer or two out of Ken and Jack in the past 3 weeks but on something that couldn't possibly be construed as non-public information. I had asked why the 22 Dec PR mentions Acme Labs in Vancouver and the 7 Jan PR mentions ActLabs in Toronto. I already posted the reply awhile ago. The thing is, there is such a thing as "non-public information." Read the article on insider trading here:
http://en.wikipedia.org/wiki/Insider_trading
If individual shareholders are asking questions in emails to Ken or Jack or whoever is handling IR right now, they can't really be expected to answer if those emails are asking about things that just can't be divulged without giving that investor an unfair advantage.
Just because the company used to answer those kinds of emails doesn't mean they should continue to do so. To me it's a little scary to think there may be investors out there who know things I don't know. We can all guess, speculate, yes. But for one guy to know more than another because of some email is just not right.
True they should at least give an acknowledgement, something like "thanks for your email but we can't really answer that right now." I got one of those from another company's CEO just yesterday, and I respected that.
This is an interesting theory. When did KATX change legal counsel? - I have lost track. Could it be they brought on new attorneys for help in rectifying matters with the financiers?
Your opinion is understandable.
But I think Ken & Co. have finally come to realize if they want to play with the big boys (Vale, financiers that aren't total bloodsuckers, etc.) they cannot continue to operate without professional advice.
My GUESS - the next PR, whenever it comes out - will include not only drill results but some kind of announcement that is concrete enough to restore investor confidence, which clearly is at a low.
Thank you, good to know. I learn something new every day.
I wish I knew who HDSN was selling for, for absolute certain. Oh to be a fly on that wall...
Can you clarify what you mean by "the Ax"?
Thank you, gump90.
thank you.
Can you clarify for us what ICP results are?
I am going to play the devil's advocate here and go against some of the sentiment on this board. Not because I know or even believe these things to be true but because I believe that things can go very sour very fast when negativity is broad and assumptions are unchallenged. Let's take a deep breath and explore some possibilities rather than assume the worst.
I will preface this with an old saying:
"Nature abhors a vacuum".
When there is a vacuum of data, curious people will interject ideas into that vacuum in an effort to make sense of things. This kind of thing is a basis for subjects like logic...but I digress.
I do not believe that all on this board who have expressed skepticism or negative statements are "bashers." I believe we have a number of upset investors and I sympathize with them. Because I have very little money to invest and every dollar means something to me. Right now I have more money in KATX than in anything else, which sadly isn't saying much. Like many others I would like to make some money on this stock.
Alright, here's some ALTERNATE theories of what could be happening behind the scenes, all total speculation.
0) Rusty Ridge assays were delayed in getting to the lab and then at the lab but the company now has them and is prepping to release them. The company wasn't sitting on the results before but they are now.
1) Rusty Ridge drilling results are good. Not spectacular, but good. REEs have been found in a quantity that look promising. There's some copper too but KATX management has decided to focus on REEs for this property - as with only 2 holes they are showing more promise with REEs (doesn't mean there isn't IOCG there, it's just not showing as strongly in the 2 holes and they can only go to investors with those 2 holes right now).
2) Because this subject of REEs is literally on fire, KATX management is not really sure how to present the data to current and prospective investors. Afterall, the 22 Dec PR seems to have been rushed out in an effort to generate excitement about REEs but it was poorly presented and caused a selling panic. They are consulting with their new IR firm and perhaps other experts in this field.
3) Ken or a representative of KATX has been in Vancouver this week for the conference of miners and the Newfoundland & Labrador government mining agencies and may have made some important contacts including maybe someone who knows about REEs well enough to be brought on board.
4) Having been burned badly in the past by financiers, KATX management is trying to figure out a way to capitalize on Rusty's good results without having to go cap in hand to those same or similar financiers. They are hot on the trail of new financing but it's complicated. If they tip their hand they could get another raw deal. This is where the attorneys, accountants and consultants come in.
5) KATX is aware that one or more big investors (financiers or someone else) is offloading their shares through HDSN at the end of every single day like absolute clockwork. Believe me if we have noticed this, they have. KATX management has decided to delay news ON PURPOSE to let the bloodsucking financiers/mystery seller sell off all their shares for pennies so they don't get to reap the benefits of the increased pps the coming news will bring. KATX management knows the true and dedicated longs will not sell their shares while the financiers and short term investors will panic and do so. So let the shareprice slide a bit and suffer the jeers and accusations knowing that this is all going to turnaround faster than anyone expects.
6) Additionally, the company is desperately trying to push through the BVIG disto to award their loyal shareholders and would love to be able to time this with the Rusty results to create the most bang for everyone's buck. This is seemingly simple but is requiring more time, effort and money than KATX management expected.
Alright, all the above is total speculation but I am putting it out there because I don't believe anyone really knows what is going on and a lot of conclusions are being drawn that could be totally wrong.
Whatever is going on behind the scenes, I hope we are all in for some good news and soon.
I too have a feeling tomorrow will be good.
Is there anyone who can tell us for sure the halt/cease trade thing is off for Canadian traders now. It was supposed to be ending at the end of the trading day today.
I am hoping we see a PR after hours today or early tomorrow morning to jump start this.
We could do without a paid pump but it's possible we will see this as well.
There will be no pr until the drill results are ready for disclosure.
I have no idea what you guys are talking about. Is someone claiming inside info?
If you have a theory voice it.
I am not sure what is going on. But with all that selling I do think it is interesting that we are largely stable around .17
Some trade on news and some on technicals. I don't pretend to understand technicals so I won't comment beyond that some traders seeing a broken resistance level will buy. I am on my phone today the computer is at the shop but it looks like we are headed back up over .03.
There has been no pr to accompany this 8k. Most investors probably didn't even notice the 8k. My only question us where is the pr? Sent from my phone.
I am wondering now that the .03 resistance has been broken if we will see more buying in the hopes of a bounce play. Sent from my phone.
The sentiment on this board is sobering. I am not sure the sentiment could go lower.
If that is any indication of price per share, then perhaps we have hit bottom on that too and can only go up.
Speculation of course, nothing more.
I am not following.
Spell out for us a bit more what conclusions you are trying to draw.
General Bio Energy was Mike Shenher (CEO's) former company. There is an 8K earlier explaining the relationship - CPOW acquired General Bio.
My concerns - just being balanced:
1) no PR came out with the last 8K about the processing plant.
2) This stock has not been trading in Canada for a week. Apparently this will be behind us after the close of the market today. I do hope this is not extended.
When it gets into shorting and this FINRA rule you are talking about, I get a little lost.
Could you flesh out your thoughts on what the short interest and failure to deliver data could mean?
That figure on short interest is weeks old.
This is an update I found.
(bottom right hand of the page)
http://www.otcmarkets.com/stock/KATX/company-info
That's as of 14 Jan 2011.
Does anyone know if KATX is being represented at this conference?
http://www.thetelegram.com/News/Local/2011-01-24/article-2167164/Investment-opportunities-being-explored-at-international-mining-conference/1
I was trying to get some due diligence done today on KATX and found the following:
http://www.reuters.com/finance/stocks/companyOfficers?symbol=KATX.PK
There are 2 names on here I do not recognize:
Hoffman as Dir of Corporate Development
Matheson as Dir of Public Relations
Anyone have further data?
Agreed.
And indeed good luck to us all.
To be honest I am concerned about these odds being thrown around. Does anyone actually have concrete ODDS for something like this? I don't think so.
What attracted me to this stock in the first place was not ODDS but the due diligence and genuine enthusiasm of longs. Both of those things have been a little lacking recently on this board.
Yes all of a sudden it looks like BUYS are catching up with SELLS, although my data is delayed by approx 15 minutes.
Anyone with Level II care to fill us in?
Everyone on a board like this has their own agenda.
But you cannot deny the potential of this company.
We should see financials soon. That will help clarify the picture.
I am not sure why the PR has not come out already.
I asked the CEO about this and he said he could not divulge the timing on this PR, which is understandable.
Can you flesh out for this what this short interest business would seem to indicate?
VERY important to do your own due diligence on this or any investment and to invest within your risk tolerance.
This is a risky investment.
However, here's a tip. Go to the Clean Power website and read from the oldest to the newest the Press Releases issued by the company. This should clarify for you what Chongquin Grain (CGG) is and why their role in this company (CPOW) could mean a bright future for them up there in Saskatchewan.
NOTE: read carefully. So far we have a Letter of Intent and a Memorandum of Understanding. We do not have a signed arrangement and money in the bank. There is a lot of work to be done to bring these kinds of plans to fruition.
I have asked the CEO to flesh out these plans more for investors in his blog entries or additional Press Releases.
The 8K was not accompanied by a paid promotion. This is the first time since I bought this stock that news did not co-incide with a paid promotion. I actually think this is a good sign as we will most likely see a steady build versus a ton of short term investors coming in and getting out.
Agreed. Although I have said a few times IMO what is considered "mineable" has already changed. These rare earths are being made even more rare artificially by the Chinese stockpile and tariffs, so those that need rare earths are going to have to beg borrow or steal to get them.
CPOW. News released after closing bell yesterday. Should be breaking out today.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7671270
No argument there, truly.