KAT Exploration Inc (KATX)

[eelfland]

I'd have to look it up in the filings, but I was thinking it was down to 4.5 or 5% already. I agree with you that it will go lower, in any case. As for the .001 bid, somebody absorbed over 5 million a few days ago at that price, and it seems to be a fairly solid floor lately, with only a couple of brief adventures below it. In fact, somebody could probably play some small ball down here between .001 and .0012. No telling how many times one could get away with it before the reverse split. The over/under, though, is five. You'd have to do it that many times to break even after it's over. I wouldn't bet on it.