KAT Exploration Inc (KATX)

[AbrahamS]

First let me state .. I am in no position to accuse anyone of anything mostly because I do not even know the Laws in Canada!
You Posted '' In some cases there have been spies in the field with binoculars. I've gone that route myself on one occasion. But don't get caught !! LOL'' In this previous statement of yours, if I read it correctly....you have just admitted to Gaming the System. By partaking in this action, you admit that you might be considered gaining an unfair advantage! Isn't that correct ? Also, please explain, if you would be so kind. How is this act, different than Corporate Spying? Let's all look at this statement here! You wrote, "spies in the field." Then let's take that portion, and add it to the next portion, " with binoculars." Let me know how that looks to you. To me it seems somewhat less than completely legal. Or, am just I reading this all completely wrong, and this kind of activity happens at most drill sites? Maybe I am naive and just thinking from a 100% legal perspective point of view? And let us know if the SEC or the Royal Canadian Mounted Police flew over your property in a Helicopter, or rode up on a RCMP horse, would you stand up and wave knowing conclusively that their activity was completely legal? And again, I am in no position to accuse anyone of anything mostly because I do not even know the Laws in Canada! Are the rules for Corporate Spying the same in Canada or are they more harsh than here in the U.S.A.?

Also if you will, please explain with your vast knowledge of Securities Laws in Canada and how those in the TSX and TSV, would say exactly which law (if this were found to be a crime), had been broken? What would the standard charges brought forth be called? I am wondering if it would also be considered Corporate Spying or would it fall under Industrial Espionage or would it simply fall under Insider Trading? I am not stating as a fact a law was broken or even insinuating that it was. Some posters here believe that the TSX is more stringent and law abiding. Also which securities law you would have violated within the borders of the United States? Then if you would be so kind, how much additional time in Jail would someone have to serve, if the SEC caught you using inside information?
Thank you in advance for your reply to my questions. In the post you have been quite helpful explaining (All) the multitude of possible ways criminal behavior can be carried out in the Canadian Stock Market.
PS: '''But don't get caught !! LOL'''''
Do you really feel that this is ( LOL ) funny, to gain this kind of advantage? Or is this stuff so common you almost trip over other guys in the bushes with telescopes and binoculars. I am just looking to learn and share DD. Thank you!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49937693 gump90 Share3 Saturday, May 08, 2010 1:49:18 PM
Re: daggfish post# 40829 Post # of 102439

Occasionally they make the drillers sign N D A s and lay down the law to the CONTRACTOR. NO LEAKS. No cell phones, etc. They may want to think twice about a live cam so the body language cannot be seen. I kid you not .. this is when things get REALLY SERIOUS !!!!!!!!!!!!!!!!!!! In some cases there have been spies in the field with binoculars. I've gone that route myself on one occasion. But don't get caught !! LOL. KAT should be so lucky. Sometimes a Company will employ a 'coregrabber'. Only he puts the core in the box out of the core barrel. None of the drillers get to look at it. He immediately takes the box away from the drill shack. And the boxes usually have lids NAILED or WIRED down. Only the geo gets to open them in his core shack office. Another thing though if massive sulphides are involved you will know the increased weight in any box if it's all sulphides.