Just like any pyramid scheme, KATX has been (or could be) profitable for those who got in early (sub-penny), those who play the quick-flip properly, and those who had inside information (if any did).
It is appalling to see an ignorance of KATX’ continuously collapsing PPS as a clear indication of its value and results of its drilling efforts.
As for the much touted DD that has been done, the results are only hopes, all results so far are like a glass ¾ empty while holding out that a “nugget” will be found at the bottom (maybe an OD) – or as I have read, “Maybe, later, in the next glass or next one.” Or “Maybe over here where there are more glasses?”
KATX’ supposed (?) transparency is non-existent = sort of NOT there = sort of HIDDEN for unknown (?) reasons.
KATX’ financial “soundness” seems to be shaky, at best.
KATX’ ability to do additional much needed/necessary drilling is rightfully questionable.
KATX’ “partnerships” are not clearly enumerated nor seemingly understood.
KATX’ time-frames” for information/distributions/uplisting/etc. seem a bit askew.
KATX' mgmnt is NOT at fault, it is the MMs, no it is the flippers, no it is the bad IR guy, no it is those negative posts, no it is those with no KATX shares, no it is … NO KATX/KEN responsibility
YES … ALL GOOD - there may be a nugget or more somewhere
BUT … trust and investment quality is NOT apparent.
JMHO & observations continued
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