KAT Exploration Inc (KATX)

[Jackroch]

Rule, you stated:

I don't believe this statement should be construed as truth. Penny stocks with no info put out in 2/3 yrs. , or disappointing info, can and DO literally go to 000s. I'm not saying that will happen here, but I don't think it is right to give ppl a false sense of security....whether it was intentional on your part or not. Once upon a time, I was in a couple pennies that I thought 'couldn't get any lower'....and guess what? I ended up writing down my entire cost basis as a tax loss. Again...not saying it WILL happen here, but believe it can happen! MO ........rule

I am not going to argue that this stock (KATX) can't go any lower.

The problem with your statement is that the term "penny stock" is a generality. Not all stocks are the same just because they are trading in pennies.

Let's debate this company on its individual merits or lack of them and not by drawing comparison to un-named "penny stocks" we got burned on in the past. People don't lose money just on penny stocks either. My dad worked for an NYSE listed company his whole life, earned stocks in the company and after decades of that stock building up into the high double digits it now trades for around $5 and was delisted off the NYSE. He never sold his shares.

I think KATX management is well aware that as long as they are in the Pink Sheets they are subject to the vagaries of the pinky market. Which includes efforts to discredit them, shorting, market-maker funny business, etc. Uplisting will create more transparancy and attract additional investment.

As shareholders we need to keep the pressure on the company to complete the uplisting process. A lot of confusion is going to drop off once this is done.

I feel the company has made clear its intentions. True shareholders should push these along.

And yes, we need results too - no debating that.