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They may have an inept securities lawyer, or there may be a problem with the S-1, or they are just plain stupid. They MUST file those trading reports in a timely fashion.
Here are 2 things that seem to be already forgotten. 1. The Insiders are now very late filers for their trading disclosures - possibly indicating that maybe the Spin-Off ISN'T a done deal yet. And 2. No sign of any new operating capital coming in. You can have all the news you can handle but without operating money for Ghana this ain't goin' nowhere.
NO IT CERTAINLY WAS NOT RECORD HIGH VOLUME TO-DAY FOR BVIG !!!!!!!!!!!!!!!!!!!!!!!!! Tsk Tsk Tsk !!!
I just recently posted the chart on the KATX Board and you will see just when the record volume came -- AFTER the spin-off had started and shares started to appear. LOL. Sheeeee Eeeeeesh !!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85875617
America is so huge and also take Europe into account too and there are paid hype people and tout sheets that most of us never heard of. Usually it is what tries to be an unrelated third party that does the paying - but you can be sure Ken is aware and shares in the results. Most of this goes along in high gear and the rest of us don't even realize it. Yes it happens. OF COURSE the Company does not do it - and outwardly it looks to be low key. But the C E O knows.
I believe this to be On Topic.
Ken's gonna' attempt it. His next pumpadumpa. Just like his last one that suckered in a whole bunch of innocent newbies who he conned for millions of dollars. Only now conditions are much much different. He has to raise operating capital when that climate has gone stone cold. Now the general sucker-public is more aware of him. His properties this time are not quite as good as the dogs he had last time and still has. But the biggest obstacle for him this time is that he has nowhere to hide his devious moves and non reports. He will be entirely accountable this time. So far so good to-day. He found $10,000 worth of sucker-buying to kick off the new game. But still no working capital in sight yet. He has a tough road ahead. I don't wish good luck to con men.
Sure doesn't look like accumulation to me. Recently it looks like dumping except for to-day. And the chart doesn't back up what you said about all the buying you did. Look at the volume visual at the bottom. Pretty hard to make 5.5 million out of that. It NEVER traded much at all until the S-1 was completed ( and I'm still not convinced it is ). Are you confusing this with KATX ?
You can't dump yet -- the game is just starting. But THIS time Ken will have to report his dumping. An auditor will be used his time. The pumping is done by paid third parties behind the scenes. Lots of them all over America. Probably in Europe too. Just like last time.
Except that these clowns have neither the money or the know-how to pull off anything other than a plan to pump out shares to innocent suckers.
Why oh why oh why oh why do you do THAT ????? All I see is 40,000 shares bot at $0.005.
Good for what ?? Placer mining is a graveyard. Very very few placer operators make any serious money.
What we have here is 2 Companies that operate with NO MONEY. They get what they need by selling shares by dribs and drabs into the market. And consequently it's hand to mouth between pay days. The KATX one can hide its doings because its Pink. Not so the BVIG. It MUST come clean once in a while. And this is what is going to trip Ken up in the future as he attempts to do another pump job / con job on innocent speculators by trying once again to embellish old dog properties.
At least we see someone is still in the store but not minding it too well. They HAD to report the M O U to the S E C but while they were at it why didn't they file those late Insider Trading Reports at the same time ? They are hard people to like.
First they put it up on the Website but that does not make it official. They must do a notification to the general public in the form of a news release because it is a Material Fact - albeit a very weak one. So now it is official because both parties have signed a DEAL to do ONLY AN EXAMINATION so far. Production is a long way off, and besides that they are still BROKE. We should soon hear something about a new financing.
Nice price move because of that news release. Can the new pumpadump be starting ? Hilarious. Pretty low caliber ammo though. And little dollar interest so far. Onward and upward - rah rah rah !!
Now all they need is money to EXAMINE it. They did not say anything about production. Just another old Ghana dog that no one else wanted. Guys like Brookes who is nothing but a Wannabee mining person with no credentials travel around and circulate with other Wannabees and trade back and forth in old dogs and play at working on them. The name of their game is C O N !!
Know what I think ?? When the final details come out BOTH FACTIONS ON THIS BOARD WILL JOIN TOGETHER TO SUE KEN, and perhaps Bob Nordberg with him.
I don't bother any more because these buffoons are close to hopeless. Seems to me they filed the same thing three days ago and now they are re-presenting it. It's like the SEVEN tries they did to get the S-1 correct. I do not believe ONE SINGLE THING they put out anymore. Financials need to be audited to be believed for these guys. Where are the BVIG Insider Trading Reports Ken ???????
I am more specifically interested in KATX -- THE SOURCE OF THE DIVI. I am amazed that these buffoons get DEFENDED !!!!!!!!
You DO NOT FOOL WITH Insider Trading. If you bot or sold or acquired or divested YOU MUST MUST MUST MUST report it within 3 days. I'm talking BVIG here -- NOT KATX. Ken acquired BVIG quite a few days ago now. Unless there is a move afoot to re-examine all this foreword and back-dating crap. I must in all honesty say that I am very very surprised that these clowns have NOT filed their trades so far according to the rules.
Why don't we all wait ? I think KATX is stalling on filing its Insider Trading Report here because perhaps there may be changes on who gets what. Then watch the S hit the fan. I think someone should refer this late-filing matter to both Ken and the S E C. Maybe someone is already doing this.
What a merry-go-round this is. There is very little daily volume on either of these 2 Stead stocks. Everybody is waiting. Potential sellers of BVIG are concerned that maybe the Spin-off is going to be challenged. And besides that there is no official notification that it has even been completed. New Insider Trading Reports for BVIG have yet to be filed as well. Potential buyers can probably sense the confusion and besides that there is not much promising info to entice them in. So we sit. Waiting waiting waiting waiting. As far as 2 types of KATX -- of course there were up until the Ex Date. FACT. Ones that had a Due Bill attached somehow and those that did not. No one at present knows what is going on behind the scenes. It's a Gong Show.
Obviously he plays stocks like we all do. If he associates with Ken Stead he truly could be in on some devious things. Slime rubs off.
Until Ken and KATX file their Insider Trading Reports this spin-off is NOT 100 % done yet. There still could be a final bad discrepancy reconciling the numbers because there were 2 classes of KATX shares that a person could buy after Dec. 21, 2011. One of the reasons they are late-filing could be because of this. I sure hope not - because if it is true and this Spin-Off gets retracted in any way it will be absolute chaos. KATX DID DIVEST OF THE SPIN-OFF SHARES AND MUST MUST MUST REPORT THAT TO THE S E C IN A TIMELY MANNER ON THE REQUIRED INSIDER FORM. To date they have not.
I'm now lazy in my old age so I don't dig too deeply any more. And I sometimes agree with you. But I try for the Bottom line. In the past KATX HAS USED convertible debentures and these are dynamite for little funding-desperate companies like KATX. Hence the words - death spiral. I firmly believe this happened and is still happening with KATX via this Arkahdy person. The KATX filings are not simple to find but right now my bottom line is -- KATX IS DONE - finito - washed up. I think you will see this Arkahdy guy and his friends roll KATX back big time and then vend-in another asset in another industry ( perhaps ), finance it, and try to run an entirely new pump and dump completely separate from BVIG. Ken will run his own new pump and dump on BVIG.
That guy IS IN ON IT !!!!!!!!!!!!!!!!!!!!! On what ?? The con and the scam. You guys should Google-up Death Spiral convertible Debentures. This is what I think Ken allowed himself to get trapped into. I thought it would come to that eventually and it's looking like it did. Having Arkahdy's name finally come out now ( about time too ) is the death knell of KATX as we know it.
Here is one that I just found.
http://www.secinfo.com/d1aH7u.qyw.htm#1stPage
The dreaded death spiral financing words are in there --- Convertible Debentures.
These con men have made this so dark it is hard to find this stuff and they get away with all kinds of devious stuff. You really have to dig -- but it IS all there if you wish to look. Bottom Line ?? The share price to-day and all the shares issued shows you the deviousness. As we see it right now this Company is FINISHED !!!!!!!!!!!!! Too far raped to recover without a huge huge huge huge roll back. This new guy don't look like no savior either. I think he is part of the gang of rapers.
I KNOW I read it here somewhere but cannot find it. I think it was a Form D and just below it in blue I believe it said ' convertible '. In any event I think you will find these guys put out misleading financials too - because they never get audited. For example the Arkahdy thing was done in the 2011 year BUT IT WAS NOT REPORTED UNTIL THIS LATEST 2012 YEAR. MORE BACK - DATING !!!!!!!!!!! This is how they get away with it. It becomes such a pain in the butt to try to unravel all their dipsy-doodles and misleading stuff that very few people will persist at doing it. They give up in disgust. And Ken wins and gets to hide a little longer.
You do not know exactly what these slime-balls do with their shares because they never have to tell you. And I think on the recent financial statements it shows that big jag Arkady took down are a form of Convertible Debenture too. These are suicidal for the Company. Called Toxic. I'll check that out.
Oh ?? Securities on both sides of the border are SYNCHRONIZED for most essential rulings. They most certainly do cross-reference. Both jurisdictions consider this highly important in their efforts to protect the public from con men like Ken Stead. Eh Fowler, you shouldn't have written that. Ken Stead could not hack it in Canadian jurisdictions. We weed 'em out !!
I do not know the rulings in the U S A but I do in Canada. If Abbott takes a retainer he probably won't get treated as an insider but it still precludes him from writing a report that will be used in a financing submission submitted to the S E C. His internal reports will be allowed but if they in turn go into public news releases he will always be required to add a Disclaimer and report his share position. This of course lessens their CLOUT !!
You do not package gold like that !!! Let us get real. I have had placer gold experience and you treat that stuff 'like gold' - ha ha. YOU DO NOT PUT IT INTO PLASTIC BAGS. We always used coffee cans and taped the lids on. You can sometimes seal the tape for security reasons using wax. Those bags Brookes and Abbott are looking at are probably standard types of samples we all take. Incidentally Abbott is now an Insider of BVIG and is not allowed to write reports that are used for financing purposes.
This is EXACTLY the HUGE promo program that I predicted when I first signed on here in the beginning. AND IT CAME TO PASS !!!!!!!
He is probably fronting for some slime ball. Ken seems to attract this type.
After a quick study of the KATX financials that just came out I can't see why anyone would think this is still a good Company and a good stock. Quite the exact opposite I would say. At least we now know the new financial person and that he certainly has skin in the game but sitting at quite a loss if what it shows he paid is true. He may represent a new group that will buy the KATX shell from Ken and his gang after doing a huge huge roll back. KATX right now is a pretty sorry sight, and for those who keep saying it's moving forward, I would say -- look closer -- I think you are wrong. I'm not much interested any more and will focus on BVIG.
As far as I can see their books NEVER balance !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! And they don't cross-check. Try to find this phoney $200,000 in the statements. It is all so loosey-goosey. It reeeeely needs a proper audit. I guess this Arkady guy is the new owner.
How come they now seem to show MORE shares were issued than were authorized ? I guess they increased the authorized since that report.
Yes that would be nice but in my opinion the surprise will come from the opposite direction and everyone will be shocked !! Show time has been a long time coming but it WILL come.
It doesn't have to be a purchase or a divestiture. If your net position changes YOU MUST REPORT WITHIN THREE DAYS !!!!!!!!!!!!!!!!!!! Ken and Tim got BVIG shares and KATX divested of some. AND NO ONE HAS REPORTED ANYTHING SO FAR.
Look up Street Certificates. LOL. The Payola choice. LOL.