KAT Exploration Inc (KATX)

[Eagle777]

A person who has beneficially owned (Ken + Tim Stead's > 5%) restricted shares of Common Stock for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been one of the Company’s affiliates at the time of, or at any time during the three months preceding, a sale and (ii) the Company is subject to the Exchange Act periodic reporting requirements for at least three months before the sale.

KATX is currently an SEC non-reporting entity, hence no sale by Ken or Tim is allowed in my interpretation of SEC Rule 144. I really consider this a big non-issue.

Ken's 132M is 20%
Tim's 118M is 18%