KAT Exploration Inc (KATX)

[AbrahamS]

Hi EarlyOne!
BVIG went down 4.29% today. And guess what? Only 100 shares were traded.
The company was afraid that if we each suddenly received let's say, .25 cents for each share of KATX (let's see that means if today we found each KATX share to be worth 22 plus 25) so each of our shares would have been worth.47 cents giving us such a huge profit, they werefearful that many would just sell and leave, and then KATX would have gone way down as more and more rushed to grab a quick profit. This way, they gave you not one cent even, instead telling you that you would be be indirectly receiving BVIG accumulations but you would have to wait and do nothing for a year.
All of the above is if we would have gotten only .25 cents per sharte. Imagine how many would have grabbed and cashed in if it had been a .60 addition to each share!!!
Now, perhaps youcan understand not only our perdicament, but Ken's perdicament as well.
He was right to protect his company from mass dropouts thus plunging the stock's value, IF he had just given each share an extra quarter or more.