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B402, Thought it would be helpful to refresh this information as a result of KADIN'S DD. Credits to KADIN!
Apparently, this S-1 is NOT THE SLAM DUNK which maybe ill perceived.
The SEC will have the final say as to whether or not this proposed spin-off is allowed 'as is'...
Here are a few of their considerations...
In our view, there is not a valid business purpose for a
spin-off when the purpose is:
* creating a market in the spun-off securities
without providing adequate information to the
shareholders or to the trading markets;
* the creation of a public market in the shares of a
company that has minimal operations or assets; or
* the creation of a public market in the shares of a
company that is a development stage company that has no
specific business plan or whose business plan is to
engage in a merger or acquisition with an unidentified
company.
Other than the business purposes discussed above, the facts
of a particular situation will determine whether the business
purpose is valid. Accordingly, the parent must determine whether
there is a valid business purpose for the spin-off.
Seriously??
Nothing more than an half baked article, apparently written by blogger hacks!
Petramine coorporation
p.o.box 1800 Dsn
Dansoman Accra
director: Maria Pilar Vazquez
Zero references!
Must show references to be credible!
Unfortunate that the declining market capitalization does not agree such sentiment.
Brillant call buying those 0.0016's two week ago.
FYI, this is a dark reporting SHELL.
All cheapies, ZERO profit!
None chasing this garbage. Only place this going is the curb.
I'm quite aware of the reporting period of the recent 10Q.
That said, ZERO equipment expenditures, including prepaid for Ghana.
KATX Technical Indicators;
MACD : Sell
Accum/Dist: Dist
Slow Stoc: Sell
Fast Stoc: Sell
Bollinger: Bottom
KATX/BVIG is NOT high risk high reward, RATHER, SPECULATIVE, this is penny stock. Notable diferentiation!
KATX lost financing upon results of sub-economic REE @ Rusty Ridge upon results December 23, 2010.
Big players snubed sub-economic results. The market has echoed the sub-economic sentiment.
*** Quote from Buffett: "Odds favor the Vegas poker tables over Penny Stocks." ***
Why out of context?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78395027
I'll go with my thoughts.
Until then, where is the Prospectus?
Why park any money into an non-reporting shell? (Scratching my head)
Oh, 7.3% of BVIG?
7.3% OF ZERO = ZERO
First, S-1 filed via SEC’s EDGAR on Apr 13, 2012
Amended S-1A filed via SEC’s EDGAR on July 10, 2012
The SEC must publish the PROSPECTUS within 30 days of filing.
Where is the PROSPECTUS?
And, has ZERO to do with PATIENCE and SOON!
Hummmm!!!
Nothing within the links to attest a professor and/or certified geologist.
CORRECTION!
Two un-certified opinions who are NOT certified geologists.
But, alledge to have relationships with geologists.
In the end, uncertified geology opinions.