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The last form BVIG filed was the PRE 14C on Dec 11.
This form must be filed with the SEC 10 days before definitive information statements are distributed to shareholders and helps the SEC protect shareholders' rights by ensuring that they receive key information, clearly presented.
10 days from Dec 11 is this Friday Dec 21. Will we get news this Friday? Just a thought. GLTA. Go BVIG!
Read more: http://www.investopedia.com/terms/s/sec-form-pre-14c.asp#ixzz2FL4lsA3j
This helps explain the silence from BVIG. Patience. Go BVIG!
QUIET PERIOD.
In United States securities law, the quiet period (or waiting period) has "historically [meant], a quiet period of time extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement effective. During that period, the federal securities laws limited what information a company and related parties can release to the public."[1]
Under the rules of the Securities Act of 1933, as modified June 29, 2005, electronic communications, including electronic road shows and information located on or hyperlinked to an issuer's website are also governed. The rules changes of June 29, 2005 also included various changes which "liberalize permitted offering activity and communications to allow more information" for certain qualifying organizations.
In business finance, a waiting period (or quiet period) is the time in which a company making an IPO must be silent about it, so as not to inflate the value of the stock artificially. It is also called the cooling-off period.
I agree with you! This show def has me thinking of Kat too and puts things into perspective. It does confirm that the ghana gold rush is for real and just how dangerous things can be over there. I'm very interested to see how jungle gold "pans" out.
Are the guys on the show near the Bibiani site?
Ekom Eya Gold production assumption:
http://www.katexploration.com/Graphics/properties/Ekom%20Eya%20Gold%20Property/Ekom_Eya_Gold_Production_Assumptions.pdf
Great post and link AbrahamS! Aside from our exciting new acquisition, has anyone read the Handcamp details in this new PR? Wow! They did some work in 2010 on Handcamp and the drill results are impressive! Go KATX!!
More about Reverse Mergers...
I found this article here: http://www.tcc5.com/reverse_mergers_c.htm
Reverse Merger, also known as a reverse takeover, is when you merge what is called a public shell (also referred to as a public shell corporation or public shell company) with a private business entity. The shareholders of the private company purchase control of the public shell corporation to merge them together.
After merging the active business enterprise with the public shell company, the result is a public company with an ongoing business in it. The shareholders now own a majority of the shares in the public company and control the board of directors.
The old public shell then changes its name to the name of the private business that was reverse merged during the merger consolidation. You can also do a Direct Public Offering (DPO) to go public.
To complete this transaction, the private company and the public shell company must exchange information on each other and negotiate the terms of the reverse merger. They must then sign a share exchange agreement.
The SEC, in an effort to offer greater transparency to investors in general, asks that companies that are being merged during a reverse merger with a public shell to provide as much information as if they were doing an S-1 registration.
Other considerations when contemplating going public via a reverse merger are the history and baggage the shell company can bring along, since some of it could be of an unsavory nature and can include careless form filing, terrible paperwork or missed regulatory deadlines.
The pool of investors of the shell company is also an item to consider. There could be less-than-happy-campers in that group and individuals with a grudge that could cause trouble for the merged entity.
A reverse merger by itself doesn't raise capital, since it's only used as a tool for taking a private company public. You can always take your company public directly. Most people consider it helpful for a company to become a publicly traded business to raise money - as opposed to staying a privately held enterprise. Of course, successfully raising capital always comes down to a variety of factors, such as: the management team, your industry’s potential and the line of business your company happens to be engaged in.
GO KATX!
Spotting a Reverse Merger...Here's some food for thought.
I found this article here: http://www.investopedia.com/articles/stocks/08/reverse-merger.asp#axzz1f2sjMkSf
There are many companies that perform reverse mergers, also known as reverse takeovers, as opposed to other, more traditional forms of raising capital. A reverse merger is when a private company becomes a public company by purchasing control of the public company. The shareholders of the private company usually receive large amounts of ownership in the public company and control of its board of directors (B of D). Once this is complete, the private and public companies merge into one publicly traded company. Read on to find out how investors can profit from these situations by understanding the risks and drawbacks. (For more, see The Wacky World of M&As.)
Advantages of Reverse Mergers
The following are the many advantages to performing reverse mergers.
* The ability for a private company to become public for a lower cost and in less time than with an initial public offering (IPO). When a company plans to go public through an IPO, the process can take a year or more to complete. This can cost the company money and time. With a reverse merger, a private company can go public in as little as 30 days.
* Public companies have higher valuations compared with private companies. Some of the reasons for this include: greater liquidity, increased transparency and publicity, and they have a faster growth rates compared to private companies.
* Reverse mergers are less likely to be canceled or put on hold because of the adverse effects of current market conditions. This means that if the equity markets are performing poorly or there is unfavorable publicity surrounding the IPO, underwriters can pull the offering off the table.
* The public company can offer a tax shelter to the private company. In many cases, the public company has taken a series of losses. A percentage of the losses can be carried forward and applied to future income. By merging the private and public company, it is possible to protect a percentage of the merged company's profits from future taxes.
Disadvantages of Reverse Mergers
The following are the disadvantages of a reverse merger:
* Some reverse mergers come with unseen circumstances, such as liability lawsuits and sloppy record keeping.
* Reverse stock splits are very common with reverse mergers and can significantly reduce the number of shares owned by stockholders.
* Many chief executive officers (CEOs) of privately traded companies have little or no experience running a publicly traded company.
* Many reverse mergers do little of what is promised and the company ends up trading on the OTC bulletin board and providing shareholders with little to no additional value or liquidity.
Signals of Reverse Mergers
The following are potential signals that you can use to find you own reverse merger candidates:
* Appropriate capitalization. Generally, reverse mergers succeed for companies that don't need the capital right away. Normally, a successful publicly traded company will have at least sales of $20 million and $2 million in cash.
* The best companies for a possible reverse merger are those that are looking to raise $500,000 or more as working capital. Some good examples of successful reverse mergers include: Armand Hammer successfully merging into Occidental Petroleum (NYSE:OXY), Ted Turner's completion of a reverse merger with Rice Broadcasting to form Turner Broadcasting, and Muriel Seibert taking her brokerage firm public by merging with J. Michaels, a furniture company in Brooklyn. (For more, see The Merger - What To Do When Companies Converge.)
Conclusion
To be successful in identifying reverse mergers, you must stay alert. By paying attention to the financial media, it is possible to find opportunities in potential reverse mergers. It is also wise to participate in opportunities that are trying to raise at least $500,000 and are expected to do sales of at least $20 million during the first year as a public company.
There are many benefits and disadvantages to investing in reverse mergers. To be successful, you must ask yourself if you can handle investing in a company that could take a long time to turn around. You should also understand how the merger works and in what ways the reverse merger would benefit shareholders for the private and public company. While this can be a time-consuming process, the rewards can be tremendous.
Handcamp considered a major GOLD exploration property! Pg. 3 #45 on the map
http://www.nr.gov.nl.ca/nr/mines/exploration/explorationactivity/Exploration%20Highlights%202010%20for%20web.pdf
KATX Financial Statements... I haven't been following the board much lately, so I'm not sure if someone has already posted this.
KATX Financial Statements, May 31, 2011
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=53807
So let me see if I understand the last PR from Dec 22. Please correct me if I'm wrong.
HOLE 1 drill depth = 719.3 meters (NO assays reported to date)
HOLE 2 drill depth = 344 meters
Hole 2 shows 75% positive REE results between the depth of 30 & 40 meters.
HOLE 2 REE RESULTS between 30 & 40 meters
0.164% TREO (including yttrium)
0.113% LREO
0.051% HREO (including yttrium).
0.268% zirconium dioxide
0.039% Nb2O5 (niobium oxide)
0.022% rubidium
Hole 2 still has 304 meters to be analyzed and reported. That's 88% left to be reported!
Hole 1 has 719.3 meters to be analyzed and reported. That's 100% left to be reported!
A total of 1,063.3 meters have been drilled and only 4% of that has been revealed. There is still 1,023.3 meters left to be analyzed and reported!.
What is all the negativity about? 2011 here we come! GO KATX!!
HAPPY NEW YEAR AND GTLA!
New, thank you so much for all of your hard work and DD. This board has amazing support and positive energy! I've been in SAEI since .19 and holding strong. Just curious to know, what other two stocks do you have your eye one? Thanks again!
HANDCAMP Phase 2 via 8-K Form 10/27/10
The objectives of the next phase of exploration are: to test for further extension of mineralization related to the Handcamp mineralized zone; to drill test other targets already identified in the area; and potentially identify new ones as a result of geophysical, geological and geochemical surveys to be carried out on extensions of the existing grid. As part of Phase 2, a program has already been initiated to include 73km of line-cutting (completed), to be followed up by soil sampling, geological mapping, prospecting, IP surveys and diamond drilling (See “Figure 4”). Soil sampling is to be completed on the extended grid in an effort to locate exploration targets for follow-up exploration. An IP survey will be completed as a priority along with follow-up prospecting and geological mapping on targets identified by the geophysical and geochemical surveys. Further trenching may be required in local areas to facilitate mapping. An enhanced drilling program (3,000m) is also planned that will include testing mineralization to the south where it appears to improve, as well as other targets identified from results of the geophysical and geochemical surveys already completed. It will also include holes to the north and west contingent on additional targets that may be identified by the induced polarization and soil geochemical surveys.
Further exploration beyond Phase II is contingent upon positive results from that phase. If warranted, a multi-phase exploration program will be carried out with the initiation of each new phase contingent on positive results from the previous phase. Continued positive results from the multi-phase exploration program would lead ultimately to a third party pre-feasibility study and production decision.
A total expenditure of $10M is anticipated to be required to implement all of the phases, with approximately $6.5M required in order to implement the next two phases of delineation drilling contingent on the success of Phase II exploration. Should any of the exploration phases prove unsuccessful at the Property, any financing raised for the execution of the work could be redirected to other projects under the direction of the Company.
Wow! She's a beaut Ken. Go KATX!
New pictures of Handcamp Hole #12 Drill Core on their website.
Looking good!
http://www.katexploration.com/
BVIG Shares
Found this on the BVIG Message board:
The A/S increase and name change to KATG doesn't go into effect until end of business day July 27th. So nothing can happen until after that. Can't give us shares if there are none to give. There will be a bunch of filings for BVIG soon after that.
Easy to figure out if you read the filings...
http://ih.advfn.com/p.php?pid=nmona&article=43518113&symbol=NB^BVIG
KATX Long Term Facts...
I found this post in response to another post on the BVIG board and thought it was interesting FYI: I'm a KATX a longer myself. Go Katx!
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You are absolutely correct in viewing that ”long term investment” does not mean that you have to look at daily fluctuations. However, if you go back 8 months for the case of KATX as you suggested, you have to go back to 17 Nov 2009. On 17 Nov 2009, KATX opened at .0057 and had a low of .0055 per share:
http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000KATX-&SF:4|5-WD=539-HT=395--XTBL-
With the $20,000 amount that you had mentioned, someone could have potentially bought KATX at .0057 per share before it dipped to .0055 per share. That would have been something in the area of 3,500,000 shares. Today, with KATX last closing at .175 per share, that’s a value of…
.175 x 3,500,000 shares = $612,500 in KATX Equity
Value
Those 3,500,000 shares would bring 3,500,000 ÷ 4 = 875,000 BVIG shares
875,000 x .63 (BVIG current price) = $551,250 in BVIG Equity Value
So, as of today, your original $20,000 investment into KATX brought you $612,500 in KATX Equity Value and $551,250 in BVIG Equity Value which is a total of $1,163,750 in Total Equity Value.
So, over the past 8 months…
Your initial investment of $20,000 brought you $1,163,750
All of this transpired while the company is still in its infant stages where drilling has just recently begun on their major gold property and while drilling is nearing to begin on their major copper properties. To especially add, they are about to repeat the equity distribution again coming up in the near future. Those who didn’t see and understand what was happening from this recent share distribution should consider positioning themselves for future KATX share distributions.
Even if you put the above thoughts into a more affordable perspective, consider below…
$2,000 would have brought you $116,375
$200 would have brought you $11,637
KATX has proven to have already been one of the most powerful penny stocks in penny stock history even yet while still in its infant stages of growth.