KAT Exploration Inc (KATX)

[hoopsville]

Nope. You're the one who is wrong. When BVIG received the Handcamp properties, KATX assests were diminished by loss of those particular gold properties. However a number of posters here failed to acknowledge that fact arguing that somehow Handcamp still had much value to KATX even if it was just in its ability to be a future source of funds for BVIG (probably also wrong). Since these people said that the value of KATX hadn't been impaired, the price of KATX didn't make a step drop but declined slowly as the realization gradually sunk in that Handcamp was gone. It is apparently still in the process of finding a base to spring up from when the drilling of Rusty Ridge commences.

The true value to KATX stockholders who are also in line to receive the BVIG shares lies in a formula of KATX plus one-fourth BVIG which apparently is now about 20 cents a share.. Unfortunately the company messed up so badly in not getting BVIG trading on the market that the market price of a new share of BVIG is really unknown. Management should get the BVIG shares issued at once so that normal trading can begin. If the securities authorities aren't going to approve this plan, then management must come up with an acceptable new plan.