KAT Exploration Inc (KATX)

[Biochemist2002]

balihi,

I'd like to think it was ALL due to the SEC, but the fact remains that they have not even submitted the S-1. Like I said, why not submit it, see what the SEC says, then amend it if necessary? This is quite common actually.

I'm quite familiar with dealing with governments (city, state, and federal, even international) per my job. Most the rules/regs are drawn up by beaurocrats who have no knowledge of the industry they're regulating to begin with. I'm also aware that "government" often mandates rules/regs saying you "shall" do this or that, but provide ZERO guidance as to HOW to comply.

One may even have to make several amendments, BUT, at least there's a PAPER TRAIL showing that you've been working through the issues by amendments and revisions. Submit your paperwork, and THEN answer their "issues." You're putting the ball in their court. Been there, done that...daily. You can always re-submit.

EDIT: maybe the last couple 8-Ks and 8-K/As are part of the "paper trail" to sort out the "issues" prior to filing the S-1...I just don't know for certain.

Respectfully,
Bio