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Agreed, I actually thought that was done deal
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59399563
I added before I had read through the whole thing.
What makes me nervous is that they have determined
the aggregate shares totals and gross purchase prices.
Did you read it?
Doesn't really matter so long as our institutional
investors are happy, I guess.
Very nice bounce
Added about 30% yesterday late
Good Luck Gentlemen
We dont need a timely disclosure lecture from someone who was directly or indirectly involved in an 18 month long void of
drill assay results. Quite possibly a record drought of information
in the history of mining
From the news alert above
Since the Commission has informed the Company that it is the Commission's view that as of July 14, 2010 the Company ceased to be eligible to use Form S-3 for the registration of the Company's securities, it is possible that any sales of the Company's securities pursuant to the Company's registration statements on Form S-3 since July 14, 2010 may be deemed to be unregistered sales of its securities. Since July 14, 2010, the Company has sold an aggregate of 2,189,660 shares of its common stock for an aggregate gross price of $1,640,004 pursuant to an at-the-market offering ("ATM") of its common stock on Form S-3 (File No. 333-160993) in sales that occurred between September 7, 2010 and January 18, 2011. In addition, the Company may be deemed to have made unregistered sales of the 2,575,830 shares of common stock and warrants to purchase an aggregate of 858,610 shares of common stock at an exercise price of $0.90 per share sold for an aggregate gross purchase price of $1,545,498 sold pursuant to such registration statement with respect to the December Offering.
If it is determined that persons who purchased the Company's securities after July 14, 2010 purchased securities in an offering deemed to be unregistered, then such persons may be entitled to rescission rights. In addition, the sale of unregistered securities could subject the Company to enforcement actions or penalties and fines by federal or state regulatory authorities. We are unable to predict the likelihood of any claims or actions being brought against the Company related to these events, and there is a risk that any may have a material adverse effect on us.
Read the tenth and eleventh paragraph
This filing seems to suggest that lawsuits are expected,
penalties and fines too
I certainly dont like how this reads
Jack, interested in your take on the CE designation here
Certainly tempers expectations IMO
Any chance you could post those two articles
from yesterday and today.
I see they mention the ban being lifted in 2 to 3 weeks
TIA
wasn't referring to you hoopie
but if the shoe fits
Can you elaborate on your reading of the Accum/Dist line
as it pertains to KATX
Hotdog could you PM me your email
I would like to touch base with you
about a class action on a security we
were both involved in
You know the one, TIA
That is a great life lesson that you share
with your students. Most kids will graduate
unprepared for basic life skills like balancing
a checkbook, paying bills and being responsible
with credit
God Bless you and your students. Bravo!
Don't you think Ken could easily prop up the PPS
if your assumptions are correct
He has done nothing to assist himself in fundraising
When the float was reduced by 41 million plus (over 12%)
Not even a blog entry, I still dont get that part
The guy doesnt explain much lately
Why do I still trust him? Not sure, but I do
I believe Ken to be an honest, respectable man.
And like many others the past few years
THE BANK SCREWED HIM
I hope I am wrong with my assessment but nothing else
makes sense to me
Maybe the only leverage he has with them are the distro shares
and they are still negotiating, who knows
KATX is going to be successful one day
With or without these mooks
Hang in there, kid
I'll toss my hat in the ring
Trying to make sense of what I have witnessed here
The most plausible explanation I can come up with is
that sometime in the fall a dispute about contingencies
between KATX and their financiers took place
Money guys had their shares and were selling them into the market
Kat expected their next installment, investors balked
KATX proceeded to drill 2 holes at RR with remaining funds
but would do nothing to support the share price knowing who
it would benefit most
And that if BVIG distribution took place these same gentlemen
could anticipate receiving 12.5 million shares of that security
AND THEY HAVE NOT HELD UP THEIR END.
KATX has NOT received anywhere near the $5 million they were promised and THAT is why BVIG shares have not been distributed
They are NOT at liberty to discuss this publically, nor would they wish to, but this situation needs to be rectified
THIS IS ALL IN MY OPINION ONLY
HDSN reports to behind the gym this time everyday
to give KAT shareholders their daily beating
And the folks that are in a position to defend us
Well they continuously allow it to occur
This is not a mining company
KAT was never going to realize the full potential value
of the Lucky properties or any of their other properties
Their business plan, as I understand it, is to prove-up
properties to the point that a major will commit to them.
They dont own equipment for this type of undertaking
They essentialy get a finders fee, percentage of perceived
value, and an NSR.
Then go try and prove up something else, which is where we are today
And your comment that a certain poster said they got a raw deal
is like saying it will get dark out tonight, what else would you expect.
Did they always use a "severely discounted metal price
in their calculation"? Or is that something new
If thats not new then its irrelevant
Here is a ten year chart of Gold. This will show how much
anything still in the ground has increased in value
http://66.38.218.33/charts/popup/au3650nyb.html
Silver is up over 6% TODAY. Handcamp has both. Stick around
Yes and the value of the minerals back then
was a fraction of what it is today.
But don't let facts get in the way, Carry on
KAT doesn't seem to want to play their game
they could easily goose the PPS with some fluff
sellers would make even better return
Instead they have been suspiciously quiet
This may be an issue between KATX and financiers
Remember early this month they backed off to 5.5 cents
Disappeared prior to the PR on 1/7/11 did not sell into the 50% advance in share price.
Then reengage the walk down after things settled down
I do not understand their behavior at all
but it seems irrational
They seemed to know just where to park their ask price also
Their pattern of selling is what is in question
Priority does not seem to mirror that of most traders
To maximize profits, have you not noticed this
Then perhaps you are familiar with the expression
"It takes ten years to become an overnight success"
Most of us can probably look back on the past year
in our own lives and honestly say we wish we would have
done more, or we wish things had gone a little smoother.
There are thousands of other securities out there to choose
from if this company doesn't handle their business to your
expectations. We are all free to choose.
KAT is well positioned to benefit from their exposure to mineral properties in Newfoundland.
And the value of those minerals has been rising. In my opinion, it is inevitable that this company
will find what they are looking for and investors will be rewarded
When? Not sure, but you wont want to be out when this occurs
Meantime, everyone climb off of Kens back.
He will be an "overnight success" someday
Thats just Code for the Company Imo
So they pumped it, but neglected the dump part
or can you show the company dumping also
Corresponding dates would be nice
Enough with the company is a P&D, thats B&S
Gentlegiant, were you able to attend the conference in St Johns?
and if so can you tell us about it.
Sorry if you posted I may have missed it. Thanks
If I remember correctly someone on this board, maybe Bio noticed that the float had shrunk by 41 million plus in October?
There was never an announcement, blog, PR, NR Nothin
Has someone been buying up the float with HDSN's help?
I believe some companies can take over a year to post assay results
Goldcliff resources comes to mind
Thank you for your response and good luck with your investments.
the exploration co. I am involved with is doing well today if you have any interest. Take care
Can you or someone here get me the information for responding to the class action. I seem to have misplaced it. Maybe a contact number. TIA
If she's an officer of the court then she has been exposed to more BS than most of us and that adds to her credibility IMO
People with that background don't get played easily
And of course she cannot defend herself here so keep throwing stones
There were 2,645,000 shares issued and outstanding
as of September 30, 2010. Check the 10-Q
Yes, Ken is selling 8 grand worth of stock so the rest of his shares value drops by 30 percent. Brilliant move. C'mon Man
Beautifully produced video here on rare earths
Site Geologist quote is "without these deposits,
we simply don't advance"
Would be phenomenal if Kat can locate mineable quantities
That is disturbing to me
Jack stating "hopefully all will go well with the S-1"
Is he referring to the one that hasn't been submitted yet.
Sounds like communication with the SEC is about as good as
communication with shareholders from this outfit.
This could be a fantastic little company AND investment
opportunity, but you would never know it, because the
appropriation of meaningful information is woefully inadequate.
This stock costs 4 CENTS MO
WE are SPECULATORS here
The VALUE of what we are EXPLORING for is RELATIVE
A bird in hand is better than two in the bush
BUT IT WILL COST MORE THAN 4 CENTS
I believe this is a rare earth play currently
Not sure why quoting an etf's price movement is considered off topic
do you have an alternative?
It is a group of commodities that KATX is exploring for
I dont know another way to track that groups value
Really appreciate your input and that of Geo Newfie
You summarized "In short, if this is what the geologist saw,he wouldn't recommend analysis, the lab costs are expensive, it would be wasting funds needlessly"
Hole 1 at RR was drilled over 719 meters or 2360 feet
If you are extracting cores that are not even worth sending to the lab for analysis, wouldn't you pull off that hole at some point.
Looking at the 3D maps generated by airborne magnetics it seems that the proposed depth was 800-900 meters but they would enter the most interesting section at about 300 meters or 1000 feet and the expected mineralization would continue to depth.
Just not clear on why you would continue drilling past 1200-1500 feet when you have nothing of value.
In my opinion, and feel free to discount it as much as you want
I don't really care.
That whole island is getting plowed.
There wont be a stone left unturned up there eventually.
And these guys are well positioned
Individual investors time horizons is the variable here
I will give this time to play out
Agree with you on managements shortcomings the last 6 months
and I e-mailed them the other day to voice my concerns
Thats all I can do besides sell and move on
But then I would no longer own a stock that I believe in
Good Luck to you in the New Year and in all of your investments