| Followers | 71 |
| Posts | 1651 |
| Boards Moderated | 0 |
| Alias Born | 02/18/2010 |
Tuesday, March 30, 2010 11:26:43 AM
Does this mean that very soon KATX believes this will no longer be a .05 stock??
I believe so, my friend. But more than that.
Remember this excerpt from the PR dated 1/19/2010
...This is expected to be the last change in capital structure to complete the portfolio of growth and ventures the company will be pursuing, barring any major joint ventures that may be pursued.
www.marketwire.com/press-release/KAT-Exploration-Retires-Additional-300-Million-Shares-Engages-New-Consulting-Group-Dual-1103663.htm
Now, pay close attention to Ken's answer to Bob's question:
Bob said, "Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...
correct?
Ken replies, "Bob, that is correct..."
Bob restates KAT's stated position and then asks Ken to verify this is "corrct" and Ken resonds that, in fact, Bob is "correct."
I especially like Ken's attitude toward the reduction, in that he sees it as "a goodwill gesture toward investors."
Beautiful, absolutely beautiful.
Here's the original email conversation for reference:
From: Ken Stead <kstead@katexploration.com>
Subject: RE: KEN STATED IN PREVIOUS PR SHARE STRUCTOR WOULD NOT CHANGE UNLESS JOINT VENTURE!!
To: "'Bob Nordberg'" <birdmanbob4@yahoo.com>
Date: Monday, March 29, 2010, 10:34 AM
Bob, That is correct, we saw fit to remove approx.. another 8 million shares from the I/O which were restricted stock from within. They were restricted and would have come open at the end of may. Just a goodwill gesture toward investors.
K Stead
From: Bob Nordberg [mailto:birdmanbob4@yahoo.com]
Sent: Monday, March 29, 2010 12:32 PM
Cc: ken kstead@katexploration.com kstead@katexploration.com
Subject: KEN STATED IN PREVIOUS PR SHARE STRUCTOR WOULD NOT CHANGE UNLESS JOINT VENTURE!!
Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...corect? and today people are posting of a share structor change? ...please explain...
