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With each day these clowns get later and later and later in filing their Insider Trading Reports - now already BADLY overdue. These goofs flaunt the rules. Ken, Tim, and Corporate KATX regarding the Spin-Off BVIG shares -- MOST DEFINITELY FACTUAL !!!!!!!!!!!!!!!!!!
Yes they CAN just hand out shares -- WHO WOULD KNOW ?? LOL. And I firmly believe Ken did, does, and will continue to -- KATX never gets audited anyhow, nor does Ken have to file Insider Trading Reports. The only possible whistle-blower in this scenario is our friend the Tax Man who might ask a recipient ( not Ken ) what the cost base is for the payola shares. And I firmly believe the Tax Man collaborates with the S E C. Paper trails are infallible.
I have been around the penny stock market since 1949 and there has ALWAYS BEEN free shares doled out by scumbag promoters to other scumbags to pump their Companies to the gullible greedy suckers. I see no difference here now with BVIG and KATX and Ken Stead. It has ALWAYS been called Mining the Public.
I often wonder where the money comes from to sustain Brookes in Ghana and Ken in Newfie. I have, though, concluded that it is coming from SOMEONE selling shares in one or both these Stead pigs on a regular basis. We are going to come to a day of reckoning very soon.
Extremely incompetent lawyers ripping Ken off. This ' Divi ' may go down in flames yet. Perhaps this is why Ken, KATZ, & da' boyz have not filed any of their Insider trades yet. Maybe they know.
Referring to your debate with usafa I just copied this from the S-1. NOWHERE on the Insider Trading Reports of BVIG do I see this. But what the heck -- these Bozos often FORGET to file -- conveniently or otherwise. They are DESPICABLE !!! ANDddd -- OoooHhh - wouldn't 74 million shares make that mysterious recipient an INSIDER too ?? Just askin'. I'm away to check the BVIG Quarterlies now. C Ya'.
Copied from the S-1 --
On November 10, 2011, our parent company, issued 74,074,014 shares of its common stock to an individual in connection with the terms of a securities purchase agreement. The agreement that provided for the above transaction involved certain milestones, including that the registration statement of which this prospectus forms a part must have been declared effective by the Commission on or before October 31, 2012. In the event that the registration statement of which this prospectus forms a part has not been declared effective by such date, Kat Exploration must transfer 23,000,000 of our shares of common stock to the purchaser.
It's the stupid financial statements of KATX where the problem is. Not only are they always very very late coming they are never audited. You can't debate AIR !!!!! We just do not know. I take it the shares you are debating are KATX shares and not BVIG shares. Ken has screwed this all up so badly. It's unbelievable.
I post this ' Divi ' stuff on the KATX Board because it is KATX Shareholders who will get the ' Divi '. I don't think this situation is 100 % resolved yet as to who SHOULD get the ' Divi '. I'll wait until the Co. puts out something in the public domain. Meanwhile still no Insider trades filed for BVIG AND THERE SHOULD BE BY NOW !! Late again. Tsk Tsk !!
So here we go again. The O/S of KATX on Dec. 21, 2011 will be much much less than it was on the Ex Date in 2013. FACT. The number of BVIG to be distributed is firm. FACT. So some holders of KATX on the Ex Date will not be getting BVIG shares IF the 1/3 Ratio is left as is. FACT. It looks so far like the 1/3 Ratio is not going to be modified. FACT. There will be some Shareholders as of the Ex Date who will not get the number of BVIG shares they thought they would get. FACT. These Shareholders will be angry. FACT. It remains to be seen what they will do about it. This is it for me on this point right now. I'll go back to quiet spectating until a new controversial development rears its head.
I don't own any shares -- never have -- never will. Nor have I been short at any time. In everything -- The Buck stops at the top. At the C E O. A mess has been made in both his Companies. He allowed it to happen. He has probably taken a lot of bad advice but he never had the moxy to know it.
It most definitely IS a result of the ambiguities CREATED BY KEN. The man is in way way over his head in this corporate stuff and is being sucked in by shyster U S lawyers who are incompetent. SEVEN tries to do up a S-1 INDEED !!!!!!!!! According to usafa - HE isn't going to be dinged by the Tax Man. Yet Claude is. Something stinks. The S-1 does caution about a visit from the Tax Man. Perhaps YOU should cross-check with your own tax authority and come back and tell us.
Did I not tell everybody things like this are now going to happen -- every day until this MESS gets cleared up ?? Now this one is about taxation. I don't think Ken could have confused this any more if he tried. Sorry to hear that Claude.
Seven straight red days. STARVING for news right now.
The legal and the paper work for the S-1 MOST DEFINITELY DID NOT COST A MILLION BUCKS. BVIG prepared it though and they were BROKE at the time.
OoooHhhh !! Perhaps they will reverse the call after looking at the replay like in football and you may get lucky. This Pot continues to thicken. Don't go 'way.
Very interesting Splash and it may help with the clarification if you don't mind. It indicates that there were INDEED two classes of KATX on Pay Day. Your particular broker apparently was able to distinguish them. So you lost out. Others are reporting that they did get the Due Bills. You have just provided me with the interpretation that I have always maintained. Thanks.
It is now looking like the TRUE Record Date and the EX Date ARE THE SAME. I believe this is a rarity and may yet be revised by the S E C further adding to the mess. So what was put in the S-1 WAS A LIE !!! And to issue more KATX shares between the ha ha Record Date and the Ex Date was a HUGE HUGE mistake that will soon be coming back to haunt these conmen. I think Ken's backed up into a corner now and his B S is catching up on him.
YES it is now a certainty that ALL the Insiders of BVIG are LATE FILERS for their recent BVIG share transactions. These conmen have no respect for the rules.
How many times have you ever seen an Ex Date that was FIFTEEN months AFTER a Record Date ?? Therein lies a HUGE problem for Mr.Stead. Will there be repercussions ?? Let us wait and see. And of course in addition the S-1 SHOULD HAVE HAD A CAVEAT about the necessity to HOLD your KATX until an Ex Date was established. AND IT DID NOT !!!!!!! Some people can legitimately holler FRAUD and contact the S E C. Maybe they already have. So much for a caring C E O !! And we are now seeing this whole sordid scenario reflecting on the share price of both these 2 rotten Companies.
You can now do a little simple math each day if you like that sort of stuff. Holding 3 KATX and 1 BVIG you can see that you had a net loss to-day - a red day. Your 1 BVIG went down more than your 3 KATX went up. If you look at the day you received the BVIG and the prices that day you are down considerably since then. Have a bit of fun with the losses you are now taking every day !!!!!
Do you mean to say we only have happy people here besides the bashers ? Tell them to take a closer look at their holdings and do some math to see if they are in a profit position or not.
O K it looks like the smoke is slowly starting to clear now. But not 100 % yet. We're due here now to start hearing complaints coming in from Members who feel they were mislead by the S-1 which should have advised everyone what this special situation was all about and how to deal with it individually. Instead of just saying YOU WILL get the bonus if you own on the Record Date all by itself, IT SHOULD HAVE added that you must hold the shares until the Ex Date. It didn't warn anyone. And of course the matter of the 2 classes of KATX in the float. I do think that the myth about those Air Shares has now been buried. It was all B S. If they did exist you would be hearing by now that some people held shares on the record date and did not get the BVIG bonus.
mappo the trade table here for BVIG does NOT confirm what you just posted. And you are also forgetting that the trading in BVIG can go all over the map BECAUSE THERE ARE NO MM s COMMITTED HERE YET as per the S-1. It's anarchy until some M M s come and bring stability -- this is their job.
O K then. What happened to the big naked short position in KATX ? How do you reconcile that ?
There is no short squeeze in BVIG and there won't be one coming. You would have heard lots more complaints on this Board by now that people were NOT getting their BVIG shares. Seems most people have received them - and some have even received MORE - quite contradicting any short position.
Some might tell you that there are no M M s signed up for BVIG yet. Possible FACT !!! Now I see B402 is pointing out that THE S-1 SAID THAT TOO !! So I guess it is true. WHAT A CONTINUING JOKE THIS IS !!!!
So far we are not hearing from very many complaining SERIOUSLY that they have not yet obtained their BVIG. The complaints will either die or get louder the longer this temporary confusion drags out. It should settle this week.
They already sneaked some kind of a release in about the M O U. They should not have done that until everyone has their BVIG shares. In my opinion. But they did !!!!!!!!!!!!! It's on their website which IS the public domain. These guys are really stupid but if not they are taking advice from others who ARE !!!
I think you should check that. If you did not buy any extra KATX after the Record Date your statement is not true. The math says so. The KATX is down more than what you got through the BVIG. Your statement depends on when you bought KATX after the Record Date - if at all. You can't look at the bonus alone and call it a profit because your KATX has been going down steadily since the Record Date.
These are my points -- Those are $$ ON PAPER -- you aren't going to get out with your shirt unless there is far far far more demand for this crap than there is now and unless there is much much more liquidity. But you are probably down much much much more on the the KATX part of your complete investment. To show a NET loss. Good luck anyhow and do not forget that I DID NOT GIVE ADVICE. I pointed out the reverse side to the opinions of a lot of other Members. " Why do you keep holding this crap " IS NOT ADVICE TO YOU TO SELL !!! Figure it out yourself !!
OooooooooHhhhhhhh !! I did NOT say that. All I said was be careful and check it out with a tax person to find where you stand. I only speak from the Canadian side and say that We WOULD BE TAXED !! And of course the S-1 says so too. Just one more confusing thing from these Bozos. DO NOT BELIEVE anyone !!! DO YOUR OWN D D and then you will know. Ask the Experts.
Personally I would like to hear from someone who SOLD his KATX after the Record Date. Has he received the BVIG bonus or not ? According to the S-1 HE SHOULD HAVE RECEIVED THE BVIG. Or is that yet ANOTHER lie ??
One lie after another is continuing. The last P R said the distribution is complete - AND IT ISN'T. And Ken, Tim, and Corporate KATX are now late filers of their Insider trading on BVIG. And a news release was put out on the Web Page about the M O U but it does not appear anywhere else that I have been able to find. It's a Gong Show !!
Here is the trail. Try to prove me wrong. KATX must round up the BVIG CERTIFICATES that it holds SOMEWHERE. To cover the Spin-Off. Then KATX delivers them probably by mail to THE TRUST COMPANY. The T A CANCELS THEM off the BVIG records. Then the T A reissues that same total amount of BVIG shares to all the names it has on its KATX books as registered shareholders on Dec. 21, 2011 and on the basis of 1 BVIG for 3 KATX. And mails out those BVIG certificates to the new owners - many of whom are Brokers holding their clients' shares in bulk under one certificate. Then IT IS UP TO THE BROKERS to make the final distribution to its clients by crediting the individual accounts. The actual certificates probably are physically sent to the Depository for safe keeping. Capiche !!!
OF COURSE the Company KATX is an Insider of BVIG. Sheee Eeeeesh !!
People have already received BVIG shares and the source of those shares is KATX - the giver. SO KATX has done transactions - FACT FACT FACT FACT !!!! AND IS ALREADY LATE FILING THEM AS INSIDER TRADES. FACT FACT FACT FACT !!!!!!!!!!!!! And once again we have confusion -- KATX IS AN INSIDER OF BVIG AND MUST MUST MUST REPORT ITS TRADES IN BVIG.
HO LEEEEE !! Insiders must report BUYS, RECEIPTS AND TRANSFERS as well and in this case KATX has MOST DEFINITELY divested of shares and is ALREADY A LATE FILER. And Ken has probably received at least some BVIG and is probably late too. These guys are so ' slack ' and never hesitate to bend the rules.