The Free Money Board

[beigledog]

That may prove to be a decent idea. This is now 2 out of the last 3 Arbs that have fallen through. Not good for the Free Money Board.

However, KATY has a buyer. 13D filed today. Notice at the end that they've bought 44k shares on Thursday and Friday...greater than the number that they'd sold over the past few months.

INFORMATION WITH RESPECT TO
TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
SHARES PURCHASED AVERAGE
DATE SOLD(-) PRICE(2)

COMMON STOCK-KATY INDUSTRIES INC.

GAMCO ASSET MANAGEMENT INC.
3/10/09 2,000- .8500
3/10/09 500- .9000
3/09/09 500- .9000
3/06/09 3,000 .9000
3/06/09 1,000- .9000
3/04/09 2,000- .8828
2/25/09 1,500- 1.0007
1/22/09 1,000- .9000
GABELLI FUNDS, LLC.
GABELLI VALUE FUND
3/02/09 1,700- 1.0200
2/27/09 12,300- 1.0121
2/11/09 2,000- .8500
1/26/09 1,000- .7600
GABELLI SMALL CAP GROWTH FUND
3/13/09 40,000 .6288
GABELLI ASSET FUND
3/12/09 4,000 .9000

(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
ON THE OTC MARKET.

(2) PRICE EXCLUDES COMMISSION.