News Focus
News Focus
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Penny59

03/03/10 6:43 PM

#26823 RE: relikwie #26820

Haven't seen anywhere that indicates additional shares will be given for the other $4 million. My read was 50,000,000 for $5 million with $1 million up front and the other $4 when certain conditions were met.

At this point we can only speculate what the other conditions are since they have not been made public.
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nathanial

03/03/10 6:51 PM

#26826 RE: relikwie #26820

relikwie..interesting point.
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Splash59

03/03/10 7:00 PM

#26831 RE: relikwie #26820

Ken has nothing to clear like you say, he could not have been more clear in his NR:
It's 50,000,000 restricted shares for 5 million dollars and 1 million up front. The other 4 mil will be attributed if and when some conditions are met.

THAT IS IT RELIKWIE:

http://www.katexploration.com/PressReleases/Press%20Release%20-%20KAT%20Secures%205%20Million%2001-15-10.pdf
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balihi

03/03/10 7:35 PM

#26837 RE: relikwie #26820

Relikwie,KATX is getting 5 MILLION DOLLARS FOR 50 MILLION SHARES!This has been discussed several times,it is not for 1 MILLION DOLLARS!!PLEASE read the many posts discussing this,Birdmanbob,investor911,in other words,all the mods posts.