KAT Exploration Inc (KATX)

[eelfland]

I don't recall anybody saying that Bubba ever sold any of HIS shares, though I think he did convert some of the preferreds. I don't know if he sold any of those. He has no reason to sell HIS shares. If he did that, he'd lose control of the company, and he probably doesn't want that. In fact, he has given himself and Timmay MORE shares to offset all the dilutive shares he's been selling. I hope this has been settled. I don't see much point in arguing about it. We have here a shell with over a billion OS. A billionth of nothing is not worth much.

Again, if anybody is angry, it's Bubba 'n 'em that sold all those dilutive shares. Nobody else.

On to the second item on the list, then. Bubba, while diluting the company, came up with several false promises in his PRs, and outright lies in his filings. He also made investors wait for a ridiculous amount of time for that spinoff while he diluted KATX, and by the time some of them got that divvy, their whole investment was essentially gone. I think that qualifies as scamming.