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daggfish

03/29/10 1:05 PM

#30296 RE: lwsilvers #30288

Does this mean that very soon KATX believes this will no longer be a .05 stock??

You got it, with the plan coming together and the story unfolding it will not be a .05 stock much longer IMO... we are moving along quite nicely...remember this was brought up from sub penny a few months back...load up if you can , I'm all tapped out now so I can only wait..however I dont feel it will be too long of a wait to move from these levels!
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Biochemist2002

03/30/10 11:26 AM

#30423 RE: lwsilvers #30288

Does this mean that very soon KATX believes this will no longer be a .05 stock??


I believe so, my friend. But more than that.

Remember this excerpt from the PR dated 1/19/2010

...This is expected to be the last change in capital structure to complete the portfolio of growth and ventures the company will be pursuing, barring any major joint ventures that may be pursued.
www.marketwire.com/press-release/KAT-Exploration-Retires-Additional-300-Million-Shares-Engages-New-Consulting-Group-Dual-1103663.htm



Now, pay close attention to Ken's answer to Bob's question:

Bob said, "Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...
correct?

Ken replies, "Bob, that is correct..."

Bob restates KAT's stated position and then asks Ken to verify this is "corrct" and Ken resonds that, in fact, Bob is "correct."

I especially like Ken's attitude toward the reduction, in that he sees it as "a goodwill gesture toward investors."

Beautiful, absolutely beautiful.

Here's the original email conversation for reference:

From: Ken Stead <kstead@katexploration.com>
Subject: RE: KEN STATED IN PREVIOUS PR SHARE STRUCTOR WOULD NOT CHANGE UNLESS JOINT VENTURE!!
To: "'Bob Nordberg'" <birdmanbob4@yahoo.com>
Date: Monday, March 29, 2010, 10:34 AM

Bob, That is correct, we saw fit to remove approx.. another 8 million shares from the I/O which were restricted stock from within. They were restricted and would have come open at the end of may. Just a goodwill gesture toward investors.

K Stead

From: Bob Nordberg [mailto:birdmanbob4@yahoo.com]
Sent: Monday, March 29, 2010 12:32 PM
Cc: ken kstead@katexploration.com kstead@katexploration.com
Subject: KEN STATED IN PREVIOUS PR SHARE STRUCTOR WOULD NOT CHANGE UNLESS JOINT VENTURE!!

Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...corect? and today people are posting of a share structor change? ...please explain...