KAT Exploration Inc (KATX)

[mtsr]

Class time:

restricted security

A security that has not been registered with the SEC and therefore may not be sold publicly. IE THIS WOULD BE A FELONY IF THEY DID These securities frequently enter portfolios of institutional investors through private placements and are sometimes registered at a later date. Also called letter bond, letter security, letter stock, unregistered security.

They must be registered with the SEC first before getting sold.