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Monday, June 07, 2010 12:07:35 PM
I hope you will apologize for saying I am incorrect in saying KATX (and we as shareholders) own shares in BVIG.
Here is your proof that I am correct!!!
This told me right away, that this whole thing (the shell, the property transfer, the shares, etc.) are ALL ABOUT KAT EXPLORATION and bringing "significant valuation" for KATX sharholders.
Quote:
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Ken is CEO of BVIG. Kat Exploration right now is by far the majority shareholder, holding approx 96% of the outstanding as of the date of the filing.
Total outstanding date of filing 67,644,500.
KATX owns 65,000,000 which is, as the filing says approx 96%.
When KATX gets the other 96 million, the total outstanding will be 163,644,500 and KATX will own approx 98.38%, Ken will own 2,264,000 or approx .014%.
It ends up with the total outstanding of BVIG once the 96 million shares are issued as:
163,644,500 total outstanding
161,000,000 are restricted belonging to KATX
2,264,000 are restricted belonging to Ken
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380,000 float I assume all free trading.
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