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Monday, August 13, 2012 10:17:08 AM
Moreover, trading is often sporadic and erratic.
They cannot attract the interest of mainstream underwriters...
They issued stock in exchange for the acquired company assets...
Both Kat Exploration and Kat Gold Holdings have produced ZERO REVENUES since inception...
Investors are unable to find reliable financial information on Kat Exploration...ta...KATX...
KATX - OTC - STOP! WARNING!
http://www.otcmarkets.com/stock/katx/quote
KATX - DEFAULT - Business License on Nevada SOS...
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=J8szY3FcAPHkNelvFsm4DA%253d%253d
Kat Gold Holdings is a failed Business Structure since inception in 2010...
After the price of the stock had been artificially enhanced, ie, Ken's .70 valuation, it plummeted...
If they do not exchange shares among each other, the proceeds from issuing stocks will be in paid-in capital accounts.
They need to raise additional capital per their 10Q SEC filings and since this PR they have failed to attrack private placement...
http://investing.businessweek.com/research/stocks/transactions/transactions.asp?ticker=BVIG:US
Announced 04/19/12
16.00M for Global Gold Inc.
Merger/Acquisition
KAT Gold Holdings Corporation (OTCPK:BVIG) acquired Global Gold Inc. from a group of individuals for $16.1 million in stock on April 18, 2012. The group of individuals includes Thomas Brookes, Paul Abbott, Tony Dellor, Matthew Sullivan, Johnston Manu, Phil Bayliss, Sheila Weiland, Tony Wong, Michelle Smith, Guy Pemberton, Wayne Burwash, Steve Colbeck, Ray Quaal and Larry Shattler. KAT Gold issued 42.7 million shares of its common stock and 118.3 million shares of its ... common stock have been kept in an escrow account to be released on the achievement of revenue milestone of at least $1 million within 2 years by the Ekom Eya Mine in Ghana. Kenneth Stead has been appointed as Chief Executive Officer and President and Timothy Stead has been appointed as Chief Operating Officer. Thomas Brookes has been appointed as Vice President and Managing Director of the Ekom Eya Mine Division and a member of the Board of Directors of KAT Gold. Also, Matthew Sullivan has been appointed as Assistant Vice President of the Ekom Eya Mine Division and a member of the Board of Directors of KAT Gold. Transaction is subject to approval by Board of Directors of Global Gold, employment agreements, approvals from governmental authorities and non-governmental administrative or regulatory agencies, third parties’ approval, and other customary closing conditions. Leslie Marlow of Gracin & Marlow, LLP acted as legal advisor for KAT Gold.
Collapse Detail
BVIG's price was unchanged after the transaction was announced on 04/19/12.
Kat Gold Holdings has been financially dependent upon Kat Exploration since inception...
The funding Kat Gold Holdings is receiving from Kat Exploration has been acquired through the selling of shares in a DARK company...
Furthermore, any website updates are 'MEANINGLESS' until there's 'Revenues' and these 'Revenues' show a sustainable increase in the pps which is not related to HYPE of Pump and Dumps based upon more 'MEANINGLESS' Pictures and PR.
I welcome diverse opinions and comments, but I’m not responsible for interpretation or ability to comprehend.
Occasionally I will respond to egregious critics (out of morbid curiosity).
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