OTC trading halted...

http://seekingalpha.com/currents/post/1396982

Whatever happened to BVIG-KATG and KATC? I thought this was to have been completed long ago. Been a while since I checked in. Thanks for any update anyone can provide; much appreciated.

Right you are, as people will soon to find out...

Thanks, but... I asked *when*, not why.

Sorry to ask what may have been already answered many times over, but if someone could save me the trouble...

When do the reverse merger into KATC and the distribution of KATG shares take place? Thanks.

Bingo.

Thanks for the post. I just noticed that there was no volume today on ACLH and had been wondering. Much appreciated.

Well put.

Stop bickering you two. Don't make me pull this board over!

Rats! This really looked like a good one. Then I read in the 10-Q that they did a 50-1 split to increase their authorized shares to 2.5 BILLION! So even though outstanding shares is commedably low, there's a TON of room to dilute. What other reason to have such a high AS count. Am I off-base here? Opinions appreciated. Thanks.

Typo. Meant to type 269.4, not 267.4

Correction, re: market cap.

The number of outstanding shares that I quoted (242.5M) is the amount that is considered "freely tradable", not the total outstanding, which is 267.4M according to annual report. This increases the market cap by about 10%. My bad.

Ancientacid - Re: MRNJ uplisting

Right now MRNJ is considered a "Pink Sheets, Current Information" company. This is better than some of the lower pink sheets tiers where many penny stocks trade. The next step for MRNJ would be to move up to the OTCQB. This would require MRNJ to be fully audited and conform to more stringent reporting regulations. Beyond that is the OTCQX and then a major exchange like NASDAQ or NYSE. Each of these steps can take a year or more under good circumstances.

Descriptions of the various Pink Sheets and OTC tiers can be found here: http://www.otcmarkets.com/pink/otcguide/index.jsp

It's worth spending some time on http://otcmarkets.com to get more information about pink sheet stocks.

Hope that helps.

Good work, Kettlercorn! I'll take some credit for raising the issue.

Okay, good stuff Wizardofodds. Thanks for stating your case without being defensive.

Yes, thank you. CupidsDevil *was* right at the bottom of the MAIN page metatroninc.com, but it has (since last night when I last checked) been removed. So maybe my harping on it here spurred some action on their part! You're all welcome. ;)

Hi Regognizer - Re: market cap

According to otcmarkets.com (pinksheets.com) the number of outstanding shares (as of last month) is 242.5M, x $0.02 = $4.85M, which I round to $5M. Of course, at the moment it's trading a bit lower, so the market cap would be about $4.7M

sl62 - Thank you for the gracious welcome and the informative post. Much appreciated.

Yeah, you wouldn't expect a company whose busness is web design and app development to spend 2 minutes removing a defunct image/link from their main web page. Good point.

Understood, but why is it still featured prominently on their website?

"p.s. we've dropped the non-functioning dating site a long time ago"

Then why is CupidsDevil still prominently featured on the metatroninc.com website? Or are you talking about some other non-functioning website.

Thanks for your response. I agree that the chart looks good, but fundamentally the business doesn't seem to amount to much. They have a small slice of a very big pie in iPhone/iPad apps. Oh, and they do some web design. Hardly worth $5M market cap. But again, I agree the chart looks good and might trade it on that basis short-term.

Then what is CupidsDevil, featured prominently on the metatroninc.com website?

Um, how is this company any more than a collection of simplistic iPhone apps selling for a couple bucks each and a non-functioning dating website? Seriously.

Why do you expect that, Gump?

From someone who appreciates your perspective.

Good catch! Thanks. You too, TinkerBelle!

http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=katx

Guys like Gumpy are one of the reasons I'm in this stock. I've seen too many penny stocks pumped and dumped with nothing but cheerleading lemmings following them all the way over the cliff. You guys need people like Gumpy to keep it real and convince skeptical investors like myself that all angles are being considered.

Chart for previous post -
http://bigcharts.marketwatch.com/charts/big.chart?symb=katx&compidx=aaaaa%3A0&ma=6&maval=13%2C25%2C50&uf=8&lf=4&lf2=32&lf3=268435456&type=4&size=4&state=11&sid=3761389&style=320&time=7&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=1937&mocktick=1

Next leg up (or down) won't start for several days. Note the bollinger bands. They needs some time to tighten before we see any major movement, if the past is any guide.

Good job, Paisly.
And Gump, too.