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Some interesting history for Gump and company.
Ken got stung by the Vanc Howe street promoters last June/July using your process. He has learned from that and I know he will not fall to such a ruinous ploy again. I bought some stock at $0.44 during that debacle in which Steads got no money from stock promotions. However, after talking to Ken, I held onto that stock and continued to watch for opportunity to invest in KAT again. I purchased 200,000 shares at $0.0028 in November 2009 and have not looked back since. I also bought at low spots in share prices and feel fortunate to have trusted Ken's words. He and his family mortgaged their own assets to keep Kat alive and I hope them every succes in being able to retire as millionaires with many who have believed in him and supported him.
KATX is our future success story and I will be long with Ken & Co.
I agree with you on holding long. Our 3800% profit (on .10 PS) shows well and we will see more in future. Maybe I can put in a GOLD PATIO in my new house!!! Long KATX
Daggfish:
I think Gump is hoping to inherit your old boat since he has obviously missed the boat on the value of KATX. However, you will need to also throw in some oars, since he seems to be spinning around in a dinghy using 1 oar (not a paddle). His return to ridiculous statements makes me believe he has limited storage space on his computer and must resort to 1 paragraph statements on his Radio Shack 100 PC (era 1983).
Long on KATX
Jim
Not correct. The telecom company I was invested in did this several times using a reverse merger into a shell.
I totally disagee with Gump. Obviously, he has never been involved in any stock transactions like this.
I held stock in an international telecom compnay who did business in 7 countries. When they saw interest in a specific country (happened twice while I held it), they spun off the country into a separate stock through a reverse merge. The parent company stockholders retained the original shares. The stock price was adjusted at the introduction of the new company. At the same time, we received shares of the new company equal to the value we had in the original company. We had a 30 day restricted hold on the new shares. Over the period of 3 years that I held the parent company shares, my investment value in the parent company actually increased from the original value of my investment by 58%. In addition I also received increased value from the reverse merger stock that more than compensated me for the restricted hold time.
Overall, my initial investment resulted in my total profit being over 3x times my initial investment in the parent company.
This compnay cntinues to do these reverse mergers to the benefit of their shareholders.
Whatever they do with KATX, I believe, will surpass this experience many times over as I remain a long stockholder.
GP90: If you were as transparent as the Steads we would believe at least some of your bantering abouit KATX, instead of the .0001% we believe. Since you own no part of KATX, the Steads owe you nothing! The REAL SHAREHOLDERS believe in Ken and KAT Exploration and will hear what we need to hear in due course.
As I said before, I believe we will have sufficient information by the end of the week. For those who don't think we have made enough, my 2800% profit at this point dispells that ridiculous statement.
Go long KATX
I live in Auburn, WA and love the Maritimes where many of may family comes from (even though I was a Canadian schooner boy)
I am not nervous at all. MY initial investment in 200,000 shares at $.0028 has returned me a total of over 2800% profit. Where else could I have made that profit in less than a year. I have continued to build on that investment. I do not hide my feelings behind a mask and do not make criticisms when I have no invested interest in such a great opportunity.
Long on KATX and short on believing the naysaers who have no backbone to invest to back up their ridiculous statements.
Anyone talking to Ken S., tell him I continue to hold those shares from my conversation of last June 22nd.
As I mentioned before, I believe our answers will be known by the end of the week. I am not anxious because I believe in the credibility of the Steads and KATX
i thought .075 yesterday and think .0835 today.
THe lack of information, I suspect, is because they need to respect a confidentiality agreement about the event which is usual when a event occurs that affects the position of a company.
In addition, I find it humorous that there were complaints when Ken S was using e-mails to explain things and now there are complaints when there are no e-mail responses. Wait for the PR response and we will ALL KNOW ABOUT IT TOGETHER. IMO.
I was able to make money on the spin-offs sale to other companies. In addition, my original shares have increased in value from that same time and now are valued more than when the spin-offs took place.
Gump:
I have been involved in 2 of these types of transactions. We the shareholders were given stock in the spin-off and then the spin-off was sold to another firm. One was P&G and the other was a forest products company who operated in Canada. So maybe you need to do more DD before you profess that KAT and Stead brothers don't know what they are doing.
It is common practice and not fishy in any manner to do this!!!
Agree with you 100%. I continue to buy at these low prices. Made a purchase of another 25K shares to boost my portfolio inventory. Land of my birth will do me well!!
So did I (just now at .0615), now to get to .09 by end-of-week is my target
What news was obtained from the Stead family. I did not see any info you are referring to. Please post what info is. Thanks
Gump:
Please show us where you got this statement from regarding drilling next to an old drill hole. Have never seen that statement before so I would be keenly interested where and when that statement was made!!!!
Yes I am and I believe in the Stead brothers ability to make my faith in them pay hansome rewards. I do not understand how people can "beef" if they have no skin in the game. Maybe they have no ability to participate or have been wasted by cruel jokes in the past. I am long on KATX since last May-2009 and will be long for some time to come.
Well I got another 100,000 at .0555 so I feel fortunate. Left for an hour and came back to see huge upside. Keep going KATX and my retirement will be more fun. My new house will get those nice-to-have upgrades after all!
I agree 110% with your statement. I have invested heavily based on the reputation of the Steads. I will continue to invest as we move towards fulfillment of the Steads' dreams. I do not believe this is a Newfie joke and dispute those who try to discredit their name. Sorry for those who miss the boat, train or express.
Thanks Rick
What is current L2 anyone
As has been said, this is a pink sheet problem not a chnage in KATX status. I have 10 pink sheet stocks with no activity which is impossible considering their history unless trading is being interrupted, NOT HALTED by company.
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Additional Information
This is more tahn a scam. This guy (Hogan?) is a crook who should be jailed like Madoff. I hope he burns in hell for his illegal actions and in jail before that. How come SEC lets people like this be able to do business!!!!!!!!!!!!!!!!!!!
Marketing Company pushing KATX
Anyone else been sent this marketing info on KATX from stockmarketinginc.com (URL below):
http://www.stockmarketinginc.com/
KATX
KAT Exploration Inc.
KATX is a runaway train!!
Our subscribers learned about KATX at a mere .002 just two monthes ago!!
KATX hit a high of .079 today!!
If you have held since the beginning than you are up a staggering 3850%!!
No, you aren’t seeing things… 3850%!!
We have been watching Gold and mining plays make very serious gains as of late and KATX is leading the pack!!
keep watching for more on KATX!!
About KATX
KAT Exploration Inc is an exploration company based in Mount Pearl Newfoundland and was incorporated in December 02, 2005. The company has a variety of mineral properties consisting of Gold, Copper and Silver. Kats Exploration’s principal objective is to locate, stake, prove up and sell mineral properties through out the province of Newfoundland. It is the Company’s objective to take advantage of increased activity to generate joint venture clients, and sales of our existing and yet to be acquired properties.
Marketing item in e-mail box last evening.
Did anyone else get a marketing item on KATX in your e-mail box last nite. I got one and deleted it. It appears someone is pushing KATX. I hope this is not a pumper promotion. I would hate to see KATX promoted through the likes of this type of marketing company (they usually are paid to push a company).
In a conversation with Ken Stead last July, he indicated that they had a investor group handling their shares, This group sold shares but no funds got to KAT exploration. When this became public, the stock plunged. Ken's family funded KAT to the extent of using personal funding, credit cards, etc to stay fluid. This is why I continue to hold KATX as I feel that Ken's family is owed a debt of gratitude from us who are benefitting from their belief in Ken.
I increased my holdings and now feel good knowing taht Ken's family has seen their value increase as we increase. I trust we get to $1.00 and I still will continue to hold some KATX.
I was in for 200000 at $.0028 in July 2008 and still holding. My return is over 15000% and growing
I use Banc of America. I am not charged any commission for my first 30 trades per month. I hold $25000 in a IRA account at Bank of America to get this. Otherwise my charge would be $7.00 per trade. I would sewriously look at this as you get lots of research and tools as well.
How about going from $4500 to $4.50. That is what this CROOKED CEO DID TO ME IN A MATTER OF DAYS.
I bought in early June and seen the reverse in stock value. I believe Ken Stead when he told me he was cheated by an agent. According to Ken, the agent took monies on stock sales and KAT got none. It looks like he will get us back to where we should be and I hope he is VERY sucessful. His family also supported him financally and I wish them the best too.
Looking to see this stock rise to euphoria.
I sent a note to Yahoo explaining it was down. Looks like they responded and fixed it.