Golkor Inc (GKOR)

[Biochemist2002]

I think the increase in the float was due to shares that were already issued as unrestricted becoming free-trading sometime in Q4. That's the only way the float can increase and the A/S and O/S remaining the same. I believe the change in the float is about 53 million, so most likely 50 million of that is due to the financiers' 50 mill shares becoming unrestricted in Q4. I'm not sure who owns the other 3 million, but I did notice that the share structure no longer includes the 580,000 Class B Preferred Outstanding, so maybe those converted to common stock (not sure of the conversion ratio)...OR they retired the Class B shares and another set of 3 million outstanding shares recently became unrestricted, in addition to the other 50 million. I'm not sure. But from what I can tell, the only change to the share structure is that about 53 million restricted shares became unrestricted sometime in Q4. I wonder if that is why we saw the drastic drop in pps. Maybe whoever owned those 53 million shares sold a large portion...OR maybe someone else just figured that since these shares would become unrestricted in Q4, they thought the stock would be valued at a lower pps and sold their own stock in anticipation of the price dropping. I can't say for certain that the financiers sold their shares though. Just because they became unrestricted doesn't mean they sold them off yet. We do know though, that KATX must have received at least $2 million last year (because they spent that much). So, even if we got no more (or are getting no more) money from the financiers, then that means they basically got their 50 million shares for about .04 per share (that is $2 million/50 million shares = $0.04 per share).
Here's what I posted last week though.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60567994
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60574294