KAT Exploration Inc (KATX)

[usafa]

B402 - Absolutely misleading! They did not convert any shares. They've always only had 9 Class A shares outstanding. See page 2 of this link http://www.otcmarkets.com/financialReportViewer?symbol=KATX&id=92600

As of the quarter ended May 31, 2012:Common Stock authorized: 2,450,000,000
Common Stock outstanding: 809,424,081
Preferred Stock authorized: 30,000,000
Class A Preferred outstanding: 9
Public Float: 449,634,128
Number of shareholders of record: 109

As of the fiscal year ended November 30, 2011:
Common Stock authorized: 2,450,000,000
Common Stock outstanding: 784,424,081
Preferred Stock authorized: 30,000,000
Class A Preferred outstanding: 9
Public Float: 424,634,128
Number of shareholders of record: 108

As of the fiscal year ended November 30, 2010:
Common Stock authorized: 700,000,000
Common Stock outstanding: 641,603,644
Preferred Stock authorized: 30,000,000
Class A Preferred outstanding: 9
Public Float: 344,310,329
Number of shareholders of record: 110