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Friday, April 15, 2011 12:38:20 AM
I'm very curious about the changes to KATX's A/S as shown on the Nevada Secretary of State website.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=J8szY3FcAPHkNelvFsm4DA%253d%253d
Why would KATX need to increase the A/S by 250 million? Maybe a JV is the reason, as suggested in last year's PR:
...or maybe financing of some sort. I believe the share structure changed last year preceding the PR of financing (see below).
In any event, it seems we may be hearing something very soon, in the wake of the long silence from the company. Will it be good, bad, same-same, we'll see. At this point, we really don't know for certain...and one could speculate anything. For now, I'll stick with what I've seen historically with KATX, either in PRs or past filings, patterns for news, etc.
Unfortunately, I won't be able to watch the action, as I'll be out most of the trading day and unable to check the board for updates. Either way, good luck guys.
Financing was announced Jan 15, 2010
http://www.marketwire.com/press-release/Kat-Exploration-Secures-up-5-Million-Funding-With-50-Million-Restricted-Shares-Retires-1184994.htm
As you can see the share structure changed sometime after Nov 2009 (O/S increased):
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=31068
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