KAT Exploration Inc (KATX)

[Biochemist2002]

This is what I was saying a while back...that is, that the rise in pps was almost entirely due to anticipation leading up to the record date of 7/16/10. If you recall, we weren't even waiting for drill results prior to that. We weren't necessarily expecting anything concrete that I'm aware of. In fact, I believe we closed around 0.18 on Friday, 7/16 (record date), and opened at 0.14 the next trading day. And ever since then, the price has fallen back to where we are now, with the exception of a few intraday surges due to PR or momo. But with 99% of the PRs we received in 2010 (with the exception of the $5 million financing announcement), we always had a nice little run, but a pullback to close either flat or red.

My point: I believe the distribution record date was the primary cause for the steadily increasing pps to the mid .20s/teens. THIS is precisely why I said it is so important that they wrap this distribution up. For the record, I think we'll get our shares, but I can definitely see why many are not happy about the way this has been handled.