Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I ask questions. It's a way to get info. I did find out that some of the .03 shares are now out of restriction and at least they didn't all hit at the same time. Since they are spread out they won't have to be absorbed all at once by the market. If someone has .03 shares it would be beneficial to sell at least enough at a substantial profit to take the original investment off the table. That may be what is happening here with the PPS.
Which statements in particular are you talking about when you say I am talking about something that I "clearly" know nothing about? You may find that I do know. You may not like my opinion and it may differ from yours. My opinion is my opinion. It doesn't mean that I don't know what I am talking about.
Thank you for a civil reply.
I do agree that ultimately it all comes down to what is in the ground.
Do you happen to know when the shares can be traded? I assume responsibility for not doing complete DD before purchasing. I am not selling or adding to my position here. Hoping the drill results present something worthwhile. I am just wondering if the considerable drop in the share price may be related to this private placement becoming available to trade.
Have no clue. Guess you don't either.
What does WOLV have to do with KATX?
I'm always willing to listen and learn. Please explain how their option is not dilution and how it is better than the other options.
Dilution is dilution. When the shares come off restriction they will probably be sold into the float. Who wouldn't take a profit on at least some of their .03 shares? Wouldn't you call that dilution? My point is the company could have got more than .03 a share if they sold into the market. The restricted shares are going to dilute the stock at some point.
I realize they are restricted. When did/does the restriction start/end? If it's for 6 months and they were issued in January, they are not restricted now. If the restriction recently ended then these could be dumped into the float now and be causing the price to drop.
They are diluting the stock anyway and getting .03 a share for it. If they're going to dilute anyway, they why not get more for it. Diluting can ruin the share price which it looks like that is what is happening here. I'm just saying that if the company got the price of .10 to .18 over the last several weeks, they would have more money in the bank and not need to dilute again as soon as they will after selling at .03 a share.
Wouldn't the company make more money just selling stock into the general float rather than doing private placement? The price
would still get hammered, but the company would have realized more money and that's the reason for doing the placement.
I respect your opinion and I have to tell you that your postings are the reason I looked at investing in this stock. Wish I had known about the private placement because I would have waited to invest. At this point I will hold and hope you are correct.
I am skimming through posts because the stock is tanking. Am I correct that there was a private placement of shares at .03? Is that the actual value of the stock? Feeling a little like a schmuck here.
My understanding is nothing will happen until third quarter. It has been trading in a range. Will probably be like watching paint dry until more toward the end of the year.
Do you think there is a possibility that they will sell some BVIG shares into the market to raise cash for drilling and give a higher trading float?
Love the adjectives. Haven't heard some of them in years.
I really don't think you have to worry about the price of gold. With world conditions I think gold is a very safe hedge.
Does that mean I can buy BVIG for .0017 a share? Wow.
Very funny.
So do you think BVIG will trade at at $0.0017? I think there will be a lot of buyers at that price. Wink wink, nudge nudge.
That's the nice thing about these boards. You can say anything and not have to back it up.
I agree that I would wait and watch. We will get our shares through the dividend. No need to buy more until the land is proven.
As far as I can see the only way you will get tradeable shares right now is to dilute. Also, if money is needed for drilling it can be raised by the company selling into the market. Right now there is a very small available float on the stock. Paying the dividend shares, that are restricted for 6 months, do not add to the available float right now, so the only way to make the stock more available to trade right now is for the company to sell shares into the market. Now it goes back to good vs bad dilution and ultimately what is in the ground. IMO
It's a pitty. If some people had used their knowledge and invested in KATX last year the would have been making a lot of money. Wink wink, nudge nudge.
They issued a press release. Guess you think they lied in the PR.
Some seem to have made it a mission. The fact is that the value is to be determined by what is in the ground and we will soon know. "Soon" can be defined by a few weeks or months depending on how the news is handled by the company. There are those of us who believe there is something worthwhile there and others believe not. It will be exciting to see who is correct.
Posting emails offends you? Well, wink wink, nudge nudge. You are too easily offended.
I thought I read a post by you that indicated that delays are common place. That would seem to be more plausible to me.
"Nobody knows what is going on right now."
Not even you.
How do you know the drill is on property? How do you know that they are paying fees for equipment sitting there? You make a lot of allegations with very little to back it up.
Are you kidding me? You use to own only KATX and now you will have KATX and BVIG. To consider where you stand after the dividend you have to take your share value of both companies and add them together and compare that to your original holdings in KATX. I'm sure your capital gains and/or loss will be based on your original investment in KATX.
I believe the price of BVIG and KATX has a lot to do with the speculation of what is in the ground at HC and the other properties. Very few companies trade at actual net value. Boil any corporation down to it's computers, buildings, land, etc., and their share price is a lot more because it is based on earnings, anticipated earnings and such. If you are looking to invest money where there is no premium built in for anticipated income and gains, and you find such a company, then I'd wager that company has no future as far as it's investors are concerned.
I agree.
I emailed Ken and asked this question and am still waiting for a reply. I don't think the company knows either.
No problem with the delay. Thank you for getting clarification on this.
Okay. I bought 50K more yesterday. Yep, I do feel better.
I have emailed Ken and asked him about the delay. I will post his reply when I get it.
I couldn't care less that the drilling has been delayed by a couple of days. There are always reasons why a delay can happen. I do care if Jack actually lied about why there is a delay. He is the company IR guy. I trust Ken. Not so sure about Jack anymore.
You appreciate being kept in the dark? Not me. Every piece of available ACCURATE information is needed to properly assess a stock. IMO
There is very little tradeable float.