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Friday, May 07, 2010 3:30:05 PM
The purpose of the post was to show you even if KATX had issued a PR about the acquisition of a shell, we still would not know anything more than we knew when Stervc found the info in an 8k.
There are a lot of unanswered questions that we all want answered.
We have people constantly doing Due Diligence(DD)/research and finding a ton of information that confirms KATX is headed on a certain road or in a certain direction.
For example the share count changed and we wanted to know why. The company didn't come forward. Why (NDA/Strategy/SEC rules)?
However, people continued to DD and what did they find next? The 8K showing KATX buying a shell. We all want to know why. If the company was to put PR stating that they brought a shell and didnot give the reason why the brought the shell, I for one would be pissed. Why? They PR something I/We already know and it would have been a waste of money. If you look at the history of KATX, which is very short, you will see they issue PRs when needed.
Based of the info found without the company issuing a PR, we know they bought a shell and increased the share count amongst other things.
What we don't know definitively is why the share count increased and why the shell was brought.
If you asked around the board, the members will more than happy the share their thoughts as to why.
I'm in agreement with our CEO "we good".
Hope this helps
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