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It is the shares of BVIG that were promised to shareholders of KATX as of a certain date. Those BVIG shares have never been distributed and were suppose to be over a year ago.
My question to KATX is where are those shares?
I sent a message to KAT inquiring about the status of the shares that were suppose to be issued and never got a response. With KAT trading lower and lower and BVIG trading in the cents, it seems KAT shareholders were snookered.
Haven't been here for a while. Is the SEC investigating the BVIG shares that were suppose to be distributed over a year ago?
When was the last time it traded anything?
The company has not done a good job of keeping the investors informed. This goes for BVIG shares all the way to drill results.
As far as their other properties go, there was a lot of touting that they were doing the best properties first. If the results come back poor to mediocre, then that does not bode well for their other properties.
We have lost several battles here. Does not mean the war is lost, but morale is low. In the end it is what is in the ground that matters. We find something, we're good. We find nothing, we're bad.
We are now at the 6 month mark. If we had received the restricted shares, they would have been able to trade next week. Now they have never given any anticipated release date of these shares. It may be a good thing that they are not released because there may have been a mass exodus if everyone had their shares.
Thank you for your thoughts.
I sincerely hope they do not do a 1 share for 2 reverse merger.
Any stock I have owned that has done that has tanked dramatically.
Controlling interest is held by the Steads. I agree that there should be more disclosure, but they do not have to. There is nothing that could be done about the situation even if all of the shareholders outside the Stead family banded together and demanded it.
We rely on the honesty and ability of the people running the company. I do hope the BVIG shares are released prior to the 6 month date, but there is little to indicate that will happen.
I believe that the company needs to be much more transparent to regain the full faith of their investors. Information is essential to make an educated decision on whether to buy, hold or sell a stock.
I would assume that they would put out anything positive they had. Why would any company put out a PR that they knew would have a negative effect on their PPS if they had good news they could release?
It is unfortunate that they released the results without having all the results in. I thought I read somewhere that they were not going to release anything until they had the whole picture. They had to know that the results on the first 10% of the hole would tank the stock and yet they released it anyway. IMO they should have waited until they have all the assays back.
The BVIG shares should be coming out any time. Unfortunately the current climate for KAT is that most people want out of their stocks.
Up on nice volume. I'll take it.
Just catching up on posts. I agree with you. We will eventually get the shares. It would be nice to time it with some good news to help support the share price. The 6 month restricted shares would have come off restriction in January. I am hopeful that we will have the shares before then. If it is indeed out of their hands, we have no assurances that we will have the shares before the 6 month date.
I still believe in the company and am holding long. Will be in long-term gain/loss territory before the end of the year.
Certainly hope we have our shares by January 16.
Unfortunately the lack of issuing shares has hurt the company reputation. I have recommended the stock to several people and the one thing I hear from most is that the company should have done what they promised and issued the shares with the 6 month restriction.
If there are no good deposits left, why are there ANY junior mining companies left there? Sounds like everyone should just pack up and go home. LOL
I don't think they need to be "bailed out". Remember Ken and Cornerstone? In 2004, the year he left, the stock closed as high as .75. He knows what he is doing.
Didn't seem to be any leaks when they drilled Handcamp.
No confidence lost here. They went from issuing restricted shares to issuing unrestricted shares. I have no doubt that the shares will be issued in due time and ASAP. If they had issued the restricted shares, we would be sitting for 6 months, so what's the big deal of a month or so wait for unrestricted shares?
Will make for some nice long term capital gains.
We will all be thanking Ken and throwing him a party. Really gets me how there is no patience.
Didn't brooklyn say something about 5 cents? Guess you can't be right all the time. LOL
So where do you think the price will be in January?
You are predicting a 26% drop in the stock price from here?
Anything is possible, I guess. I would think that the price
would appreciate with the current drilling of RR.
Longs who have done their DD are not selling here, but are taking advantage and accumulating. Just checking out the board for the first time in a couple of weeks. Looks like the same kind of posts that were being made before we traveled to the .20's.
Be careful here. Believe it took them over a year to release the last results when they were not positive to the company.
That should keep them going for a little while.
Unfortunate that they need to dilute to raise
funds.
Excellent post.
Things are planned that will not happen overnight.
We have imminent news as well as long-term plans to
look forward to.
Have no idea. Would only be speculation anyway.
No new shell has been purchased as of yet. I'm
sure someone would see the filings since we have
the best group here for DD. We knew about
BVIG before the company announced it.
Wouldn't look for an upgrade in the near future,
but somewhere down the road.
Condolences. Sorry to hear of your loss.
Investor 911 is the reason many are here.
It is the solid logic, reasoning and DD provided
by you and others here that is the reason people
stay.
Those who personally know Ken say he is an honest,
hard working man who is doing everything he can
to grow the company and the PPS. Ken has done
everything he said he would do.
I believe we will see .20's and higher again
before the end of the year. I believe patience
will pay.
Thank you Rick, and many others, for staying on
top of current events here, your patience and
thoughtful posts.
Impatience is not a pretty thing. Things often
take longer to accomplish than anticipated.
I believe the news will be worth waiting for.
Doesn't have to be a big new mine. Price of gold and
other elements have gone up considerably since your day.
Makes it much more lucrative with lower quantities of
minerals.
Great post Rick. Thank you for all the time and effort you spend here keeping some sanity and logic.
Bet they won't wait a year to release any results.
I'm still here and long. Not reading and posting every day.
Lots of chatter. Looking only for solid information.
Yep, forgot a couple of zeros.
Yes. Ask at .087 and when .087 is hit they lower it to .086 and then .086 hit and they lower ask to .085? What's up with that!
I added some .02's today. May be good contrary play with all the negativity on the board.
Be careful who you listen to for advice. It may be a good thing that some posters aren't here.
Yes, all pure speculation.