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Say JV on Handcamp. With Shell..Katx Investors recieve shares in new company say 1 for 3. If you have 3 shares in KATX you will get 1 in new shell....KATX Will recieve xx% of the profits from mining....
To recieve xx% of profits you must pay your Part, sharing the cost of mining, Stock is used instead of cash, hence the shares
Spin off of property, Again, Shareholders get 1 for 3 (Only an example) and katx is the parent company and recieves xx% of profits
Still reading up on all this, this is how I understand it so far, But what I am learning for sure (less a sematic or two) Its a win win for Katx shareholders no matter which way they go, the parent company moves Big.
Drilling starts next week, Big Alone much rather this deal on top of it.
Its fun to speculate, but picking apart some else's opinions or ideas.....Well imho, poor form..Drilling is Major PPS material.
We want it, we want it all now.....Sure we do, But lets remember we are ahead of this game once again....
"We Good", "you'll see", "Stay tuned"
IMHO
Good Luck to All
The shares indicate to me there Is a Jv in all this, maybe a spinoff or both. This Email says NDA to me, which is also leans to JV. 120 Wall Street will be helping I am sure. Patience..Drilling Too.
To: "Bob Nordberg" <birdmanbob4@yahoo.com>
Date: Wednesday, May 5, 2010, 7:40 PM
Bob
Believe me, we always know just how anxious our investors are, but many times they forget we are under rules and regulations and just because some things may be found out ahead of time doesn't give us the greenlight to do whatever we'd like to do. We are anxious
as well but are forced to wait.
All in time.
You Good Dag :)
The Market is a Mess, But Not Katx, We Held Very Well...Right Place at the Right Time for more than one reason.
Drilling scheduled to start next week, bet we get an update on that first of the week. My opinion, but it is something Katx Can Comment on.
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To: "Bob Nordberg" <birdmanbob4@xxxxxxxxxx>
Date: Wednesday, May 5, 2010, 7:40 PM
Bob
Believe me, we always know just how anxious our investors are, but many times they forget we are under rules and regulations and just because some things may be found out ahead of time doesn't give us the greenlight to do whatever we'd like to do. We are anxious as well but are forced to wait.
All in time.
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Screams of NDA to me and as Bob reminded me, several NDAs are in place..And its hard to ignore Bobs speculation of Tech and Vale.
The Story is Real Here, Katx is about to make it Big. Drilling, Jv deal in the works, New Company being formed, with 120 Wall Street working on it....
Good Luck to All
WHAT HE SAID....I Like That Opinion!!! Just Imagine:)
Agreed Mrgoodtrade,, "Its all about The Drilling" Your Quote Gumps and I think we will throw in a Little Good Business to go with it...LOL
GLTA
Several NDAs is Correct as usual..LOL..Drilling next Week...
NI 43-101 coming soon...
A Lot Happening
GLTA
I like this one Too..Shows NDA in Play to me.. A Company can give an update on Changes in Business. But it Can Not Comment With a NDA in place....
JV in to a shell...
IMHO
Good Luck to All
________________________________________________________________
To: "Bob Nordberg" <birdmanbob4@xxxxxxxxxx>
Date: Wednesday, May 5, 2010, 7:40 PM
Bob
Believe me, we always know just how anxious our investors are, but many times they forget we are under rules and regulations and just because some things may be found out ahead of time doesn't give us the greenlight to do whatever we'd like to do. We are anxious as well but are forced to wait.
All in time.
With Who..
Chartists Like Katx Always Have, Nice Post Bio, When you take into account the company direction, Drilling, Vale and a positive company change, the stars keep lining up.
This shell deal is looking like nothing but good for us. People are starting to see Katx as the up and comer with a Real story about a Real company....We are still ahead of the game here and all options are looking better and better. R/M etc..New company we get shares of (speculation)
Uplisting of some kind
Drilling
A JV is still a Big possibility.
Chartist like us
Outside Promo companies are picking us up
Longs Are very Strong Here
Promotions are like anything else, its in how they are used, KATX has 1400 competitors in Canada alone. For share holders to thrive and the company to grow we must get noticed. And with drilling about to start, Vale staking around us and Uplisting....Its a good time for a real company to be Noticed.
Good Business
IMHO
Good Luck to All
Lots to read and learn, Pr to finalize what we are already ahead of.
Chartists were the catalyst of our last move before the current one and we kept 20%. Watch out folks, seems that people who understand good business are noticing KATX. We are building the whole package imo.
Nice Last post Rick :)
Work, work, work
Cherry pick that is...Could be Subcent, that is the fun of speculation. All will fall together imo, just a lot of learning to do and a PR. You are one of the ones who found DD ahead PRs on the expansions..Thanks
Vale Would Be Great and Vale is a matter of When not if..eh. Its one Deal done in my investors mind...Future Events.
IMHO
Good luck to All
And Good Night
Buy the way gump that is a monthly contracted geologist we have. Not a Jr
Thats tomarrow Gumpy, do your DD or just pay attention to the board. Who knows if this is Vale, may not be,
THIS TIME
While you are paying attention you may also look at the claims map, just look for the Bullseye. That would be KATX surrounded by Vale
It takes Big Bucks to make a Real Company, if You understand Real companies that is.... Even More for World Class
Drilling btw, Vale still there and plenty of more properties to go
Got to get in to win Gump,
LOL
120 Wall Street
Well said Snipe, another Agreed...Like The F part..LOL
B402, have to agree with that. The board just got way ahead of the PR's. Thats the reason for many unanswered questions today. I'm sure we will have answers soon and as Ken has stated many times, he will do whats best for shareholders. If i'm not mistaken he is a large shareholder too.
I can see Ken shaking his head and saying I can't even f*rt without the Ihub board knowing it. Who knows, he may email the board in the morning to see what he's having for lunch. We Good.
+ 4mil More...Fuzzy Math as usual. You claimed we were broke before this deal came out...Get Serious
Sheess
Agreed louie, Right now I have Drilling at the least, faith in Katx, but, will research, listen and read so that faith is backed and I understand. Stay tuned this board is good....
Good Luck to You
Another 1000% Agreed...
Drilling Alone is Big, PR to come Just as Big....We won't know till we hear, but remember, simple dd found the shares and this 8k so we are ahead of the company for now.
At first it hit me wrong, hell, just uplist the company and lets get on with making alot of money...BUT the more I read the better I like the Options we have. This is starting to look like Good Business.. This Board has taught me to Read, so I know and understand....Time to get on with it..
Just because I dont understand doesnt mean its bad, I did not understand good dilution till Jan..Glad I learned and am still here. Bet the same here.
Betting this turns out real good..No matter how they do it
Not to Mention DRILLING
IMHO
Good Luck to All
Agreed Red 1000%...They'll See
__________________________________________________
Mirror company formation is a specialised form of spin-out used to create a new public company. It simplifies the process of listing the shares on a public stock exchange.
It works by an existing public company issuing a bonus share at a rate of 1 for 1 in the new company. This new company is then sold to another company that does not want to go through the complex and expensive process of issuing a prospectus. The company that purchases the 'shell' then does a reverse takeover, to transfer an operating business into the new company. This is often called a "backdoor listing".
The advantages are the original company sells a shell for much more than it cost to create and the shareholders of the public company receive shares in a new operating business. For the operating company it is much faster and possibly also cheaper than the normal requirements of complying with the listing requirements of most exchanges.
Thanks Dagg. Time to Read Up :)
Here's a start, Dags right, "You'll See" ... Google seems to work fine, lots of info so we don't drive him crazy...Looks good for us so far......Just a start,
GLTA
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a.A divestiture by a corporation of a division or subsidiary by issuing to stockholders shares in a new company set up to continue the operations of the division or subsidiary.
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2.Something, such as a product, that is derived from something larger and more or less unrelated; a byproduct.
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Home > Library > Business & Finance > Investment DictionaryThe creation of an independent company through the sale or distribution of new shares of an existing business/division of a parent company. A spinoff is a type of divestiture.
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Nice Anticipation. Drilling alone justifies the last 2 days of trading imo. With a JV, Spin off and Uplisting in the works we are in for a very exciting time. Looks like alot of news coming down the pipe in a short period of time.
PRs may or may not hit on our regular dates of mon and wend. ( although today at 10pm would be good :) If its a JV it should be a joint announcement and news could come out anytime.
Would love to see just 5% a day, but when major news hits I think we are in for one heck of a ride.
50-50 now on speculation, JV or spin off. I am in the JV camp. One evening I will come home and just say wow. Personally I have calmed down and am very comfortable. Longs Know something Big is in he works and that is on top of a very Big Given, Drilling..
It just doesn't get any better than this...
Good Luck to All
JMHO
Nice Post Splash, Long term company with a Vision
Great Board, Great Stock, Great Company to Invest in.
Got to Love all the options.
Thought the Vale cc was on the 6th at 10:00 am est. Could be wrong, would love to hear a mention of Newfoundland...
The Steads may be a little bit picky about who they invite now..You have said many times gump that you wish to keep Private because of your peers,,refusing to tell the positions you've held. The people finacing have that same right till uplisting.
Nice to hear you like the rest of the company though..
IMHO
Good Luck to All
Great posts er0ck
Right, Nothing to refute. This board is the only reason we know what is about to happen. Companies do not PR on our schedule, Business 101.
Lots to Anticipate, let the momo players come and make some money too..Equal opportunity Profits
They just may not want to flip this one though...
IMHO
Good Luck to All
NDAs speak for themselves, as a matter of fact, they dont speak at all. Tough playing by the rules. eh? ole gump is actually one of our best posters. Another very good point Truman, The silence speaks Very Loudly.........
IMHO
Good Luck to All
2nd Banchrima,
Share Increase is a Very Good Thing for Katx and Investors Here.
A repost but MHO
Posted by: B402 Date: Monday, May 03, 2010 10:56:04 PM
In reply to: ID Supermoney who wrote msg# 38666 Post # of 38754
186 mil Where does it go, Nobody knows yet and katx cannot tell us till the deal is done. I personally got a little sideways with Ken Stead after the share structure was finalized back in Jan....I didnt know squat...except for the usual ihub, penny stock fears..Well a poster set me straight about share increases. Yes it is used by scams to dump and run with....Or in the case of a Real company, it is how you do business and actually make the company Grow. I averaged in a .023 and would have sold close to that if had trusted the fear and rhetoric....Gee Wally
Now we are faced with a trust issue on 186 mil. Could be used for several reasons (again I like many options), 1/2 mining cost to keep 50% mining profit, spin off ect, ect..Or as is insinuated here, to cut run and line their pockets.... The email and press releases have been posted several times so we all know katx's position on a share increase. The company has Earned my trust...So what?...lets try common sense then. Your going to risk drilling a gold property, another property surrounded by vale for those peanuts!!! Get Serious...
I believe this company is here for the long haul. I think they are going to make it very, very big indeed. I think those shares are gong to be used in a very big business deal in a very good way, and I think Katx (Mr Stead ) would have already told us if not for things like "NDAs" and Wall Street Law Firms.
But thats just me, never keep an investment in something you dont like. Sell
But Not ME
IMHO
Good Luck to All
PS. The poster who taught me the difference between Good dilution and Bad was INVESTOR911, Get well soon and props to you, sir. Many coat tails I ride and yours are some.
Go Bird, Its Out of our Hands Now....
TOO FUNNY, You Cant make this up!lol
I like this Walter..
186 mil Where does it go, (Bird Way To GO)(Just happened to check the board) Only your hair dresser knows for sure...All bs aside Nobody knows yet and katx cannot tell us till the deal is done. I personally got a little sideways with Ken Stead after the share structure was finalized back in Jan....I didnt know squat...except for the usual ihub, penny stock fears..Well a poster set me straight about share increases. Yes it is used by scams to dump and run with....Or in the case of a Real company, it is how you do business and actually make the company Grow. I averaged in a .023 and would have sold close to that if had trusted the fear and rhetoric....Gee Wally
Now we are faced with a trust issue on 186 mil. Could be used for several reasons (again I like many options), 1/2 mining cost to keep 50% mining profit, spin off ect, ect..Or as is insinuated here, to cut run and line their pockets.... The email and press releases have been posted several times so we all know katx's position on a share increase. The company has Earned my trust...So what?...lets try common sense then. Your going to risk drilling a gold property, another property surrounded by vale for those peanuts!!! Get Serious...
I believe this company is here for the long haul. I think they are going to make it very, very big indeed. I think those shares are gong to be used in a very big business deal in a very good way, and I think Katx (Mr Stead ) would have already told us if not for things like "NDAs" and Wall Street Law Firms.
But thats just me, never keep an investment in something you dont like. Sell
But Not ME
IMHO
Good Luck to All
PS. The poster who taught me the difference between Good dilution and Bad was INVESTOR911, Get well soon and props to you, sir. Many coat tails I ride and yours are some.
Drilling for Sure! And alot of good speculation on what we know is a Major Deal about to be announced. JV..Spin Off..Vale, Handcamp, Lucky or Rusty. Uplisting too...Don't you just love having so many great options in front of you...
Drilling alone justifies todays action and it is just a taste of what is to come.
IMHO
Good Luck to All
I Like What They Said...and Regulus60 Too.
These are to good to let any one distract from,,
Posted by: Rick-UK Date: Monday, May 03, 2010 3:18:04 PM
In reply to: jaytea who wrote msg# 38533 Post # of 38629
...the best prognosticator
Great word! :o)
None of us except Ken can realistically have much of a clue, but just for fun...
By end of May...
- Uplist to OTC/BB by way of a merge into an existing shell
- Lucky North property JV'd with VALE
- Rusty Ridge property JV'd with VALE
- Handcamp claim area is doubled in size
- Initial results from Handcamp drilling are announced to be looking better than anticipated
- Announcement of who our backers are, and we find they're HUGE
- Announcement of new board members
- Unveiling of new corporate identity, branding and website
- Further reults from Handcamp drilling prove massive gold deposits under much of the Handcamp claim area
- Rumours of Handcamp property to be JV'd with a local mining company, Ken says "he cannot say yes or no"
PPS hits $1.90
And What Salty Said
Posted by: Salty Pepper Date: Monday, May 03, 2010 6:55:38 PM
In reply to: gump90 who wrote msg# 38627 Post # of 38633
Here is a fact for you.
Market cap went from about 27 million on Thursday to about 44 million today.
Private investors recived shares at .10 a share.
Not only is something huge about to be revealed, MANY huge things might be revealed soon.
And after that, GOLD!
VALE Maybe, as good as your speculation, maybe better imho
Gee Wally. 4 mil more in financing and a Major Deal about to break,,,, and We Need Cash.. Thats Funny.. LOL
Cash at end of period.....551,392...
More than enough for current drilling and expenses, with 4mil to back it up. Who do ya trust.... Plus a major deal in the works, whos worried about Fuzzy math
Who do ya trust
Good Luck to All
Sure Right Bruce, Momentum players know how to pick them. Lowered authorized, end to preferred, stock buy back!! Time to buy the rumor, waiting on news will be to late. Looks like a good pick, shareholder friendly, real company. Now is the time. I'M IN. Great entry after good consolidation. Tight bands! Long term hold too, imo.
Thanks GLTA
Done my check list, ready for ignition! GLTA.
Just one of Many options, Options, key word..eom
Class A Preferred outstanding: 11.....Company protection from hostile take over..look it up. Great speculation out there shows just how many options we have...All longs know what this share increase means, Business Deal, Big Business Deal..
More quotes to ponder, thanks Gump
In your words Gump...All a matter of who you trust...
In most J V s you GET .. you don't GIVE. But on the flip side maybe you EXCHANGE .. like shares for work commitments.
But since finacing we have posted essay results, expanded Handcamp and Twi-lite, added Clifton, announced a test drill program and the second largest mining company in the world surrounded a Major copper property. That 50 mil shares they got is looking really good to me...
To think this increase is finacing related,,,
As you said and others, Time will indeed tell
Good Luck to All
Nothing has happened since financing to justify a pps increase. Drilling and JV news are the biggest and your pps movers. To me drilling results would have to be the biggest on any milestone list. Makes sense.