KAT Exploration Inc (KATX)

[Biochemist2002]

I believe that would be a material event (getting funding) that would need to be reported. That's why they set up Kat Gold on the OTCBB (reporting requirements for greater transparency). In short, If Kat Gold got funding, that would have to be reported. Kat Gold is not on the Pinksheets.

As of the last 8-K/A, for the period ending December 22, 2010, Kat Gold still does not have financing and KATX is funding it's operations, and "KATX has extremely limited capital available."

...The Company had no cash balances as of this Current Report on Form 8-K/A. The Company’s principal source of funds has been capital contributions supplied by KATX, the Company’s majority shareholder.

Cash flow from operations.
To date, the Company has generated no cash flow from operations.

Cash flows from shareholders. Capital contributions provided by KATX, the majority shareholder, aggregated $585,465 as of September 30, 2010.

Should the Company be unable to obtain further capital contributions from KATX or otherwise raise sufficient funds, it will be required to curtail its operating plans if not cease them entirely. KATX has extremely limited capital available. There can be no assurance that the Company will receive further capital contributions from KATX in the future or otherwise generate the necessary funding to operate or develop its business. Please see “ Cash Requirements ” for the Company’s existing plans with respect to raising the capital it believes will be required.

...The Company has no material revenues, income and/or assets (other than the Property) and has cumulative losses from its inception through September 30, 2010 of approximately $113,000,000. The Company has financed its operations since inception through private placements of its securities; since its inception, the Company has raised approximately $43,000 through the sale of its shares. The Company will need to obtain additional financing to, among other things, fund any future exploration, mining and drilling projects it attempts to undertake and for general working capital purposes. Any additional equity financing may be dilutive to stockholders and any such additional equity securities may have rights, preferences or privileges that are senior to those of the Common Stock.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7621865

However, maybe they do have funding and are just behind in reporting it.

...Based on the evaluation done by the Company’s management at June 30, 2010, management concluded that the Company’s disclosure controls and procedures were deemed ineffective in that the Company could not assure that information required to be disclosed in its SEC reports is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms and communicated to management so as to allow timely decisions regarding required disclosures. The Company’s controls and procedures were primarily adversely affected by the lack of experience within the Company in complying with the requirements of a publicly reporting entity; specifically, management concluded that the Company has insufficient personnel resources with sufficient technical accounting expertise within the Company’s accounting function. The Company is seeking to engage experienced professionals to augment the Company’s financial staff to address issues of timeliness and completeness in financial reporting when it is preparing SEC filings. No assurances can be given that the Company will be able to adequately remediate existing deficiencies in disclosure controls and procedures. Although the Company believes that these corrective steps will enable management to conclude that our disclosure controls are effective when all of the additional financial staff positions are filled and other remediation plans are implemented, the Company cannot assure you that this will be sufficient.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7621865