Monday, July 19, 2010 4:25:50 PM
I found this post in response to another post on the BVIG board and thought it was interesting FYI: I'm a KATX a longer myself. Go Katx!
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You are absolutely correct in viewing that ”long term investment” does not mean that you have to look at daily fluctuations. However, if you go back 8 months for the case of KATX as you suggested, you have to go back to 17 Nov 2009. On 17 Nov 2009, KATX opened at .0057 and had a low of .0055 per share:
http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000KATX-&SF:4|5-WD=539-HT=395--XTBL-
With the $20,000 amount that you had mentioned, someone could have potentially bought KATX at .0057 per share before it dipped to .0055 per share. That would have been something in the area of 3,500,000 shares. Today, with KATX last closing at .175 per share, that’s a value of…
.175 x 3,500,000 shares = $612,500 in KATX Equity
Value
Those 3,500,000 shares would bring 3,500,000 ÷ 4 = 875,000 BVIG shares
875,000 x .63 (BVIG current price) = $551,250 in BVIG Equity Value
So, as of today, your original $20,000 investment into KATX brought you $612,500 in KATX Equity Value and $551,250 in BVIG Equity Value which is a total of $1,163,750 in Total Equity Value.
So, over the past 8 months…
Your initial investment of $20,000 brought you $1,163,750
All of this transpired while the company is still in its infant stages where drilling has just recently begun on their major gold property and while drilling is nearing to begin on their major copper properties. To especially add, they are about to repeat the equity distribution again coming up in the near future. Those who didn’t see and understand what was happening from this recent share distribution should consider positioning themselves for future KATX share distributions.
Even if you put the above thoughts into a more affordable perspective, consider below…
$2,000 would have brought you $116,375
$200 would have brought you $11,637
KATX has proven to have already been one of the most powerful penny stocks in penny stock history even yet while still in its infant stages of growth.
Recent KATX News
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