InvestorsHub Logo
Followers 32
Posts 4949
Boards Moderated 0
Alias Born 03/08/2010

Re: None

Sunday, 11/13/2011 5:20:59 PM

Sunday, November 13, 2011 5:20:59 PM

Post# of 31331
Kens own words March 14, 2011 about BVIG shares

KATX need to Know DD

PPS has been dropping steadily since PR issued Christmas 2010

No Drilling since summer of 2010

Lost long term financing lost 2010 shortly after 1st phase drilling results of Rusty Ridge

Both Handcamp and Rusty Ridge drilling results were not good enough to keep the one who financed it interested in staying with the company.

Having an Option to JV with Vale still could not keep the ones financing the company interested, if in fact such an agreement is still on the table, No updates from Ken to verify original Option agreement still exists.

Unable to find anyone to replace the lost long term financing KATX has no choice but to sell Convertible Debentures and most likely will have to issue more of them for day to day operations. http://marketbrief.com/kat-exploration-inc/d/form-d/2011/8/30/9003958/filing

Authorized Shares were increased from 700,000,000 to 950,000,000 in 2010
Public Float: 168,927,860 as of the fiscal year ended November 30, 2009
Public Float: 344,310,329 as of the fiscal year ended November 30, 2010
Public Float: 402,252,705 as of the quarter ended May 31, 2011
Outstanding Shares as of June-2009 46,529,609
Outstanding Shares as of April-2010 454,815,308
Outstanding Shares as of June-2011 687,968,584
Outstanding Shares as of Oct -2011 710,350,007

Current Share Structure, Authorized, Outstanding, Float are ALL Unknown, Ken has chosen a Transfer Agent that won’t give out Share Structure figures.

Ken Did NOT have a booth representing KATX or BVIG at the 2011 Mining Conference and Trade Show, held in St. John’s from October 30th - November 5th as he did in 2010.

Recently Lost geos, long term financing , Only Ken and Tim left running the company.

July-16 2010: BVIG cutoff date (Still no shares issued)
Statement from Ken on the BVIG shares:
As an update to the progress on the BVIG stock distribution, Computershare has informed the company they are now working with DTC to setup the distribution on their end and is hoping to have information over the next week or so. We have now approached the stage where shareholders will be informed of any and all progress of developments.

Ken Stead
President & CEO
Kat Exploration Inc.
As of March 14, 2011


PRs issued: in 2010 – 30 PRs issued in 2011 - 2

Ken has sold some of his own shares,
Ken Stead 131,686,808 shares Oct 15th
Ken Stead 131,686,808 shares April 15th
Ken Stead 131,686,808 shares March 15th
Ken Stead 132,267,784 shares June 29th
sold 580976 back around July or so.
Right here in the Oct-15th Attorney Letter.
http://www.otcmarkets.com/financialReportViewer?symbol=KATX&id=62676

Stingray

"The stock market is simply the transfer of wealth from the impatient to the patient."

"Always invest for the long term."

Warren Buffett

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent RMSL News