Catalyst Resource Group, Inc. (fka CATA)

[mythical_phenix]

CATA has leapfrogged a number of worthy candidates to take top spot in my favorite stocks list. The CATA story is just incredible, and its market performance today exceeded even my low expectations.

From the last 10Q, we have a company with $14 in the bank, no revenues, $18 million in accumulated deficit, a bunch of toxic convertibles with Asher Enterprises, and a deal to give a controlling interest in the company to an operation called Rerun Recovery, controlled by a long-time cohort of the acting CEO and for this CATA is to provide $3.9 Million and 150 Million restricted shares. Wow. Fast forward to today. Without any definitive news of real financing, CATA is willing to plunk down $500K for a joint venture with Laos Minerals Mining and committing another $2Million over the next two years. That's just unbelievable. Literally. LOL!
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