KAT Exploration Inc (KATX)

[gump90]

On March 1 they had $551,392 cash. If the $300,000 for the Shell purchase came out of this there would be $251,392 left. Operating expenses for March and April would cost a minimum $100,000 the way they burn it. Leaves $151,392. Expensive law firm takes a chunk out of that. Not enough left for the drill program. Soooooo ?? Dig into that magic money from the big first financing of a million ' firm '. I'll bet some of that newly issued 186 million shares had to be given to get more money. But at what price per share ?