News Focus
News Focus
icon url

Rick-UK

05/05/10 6:45 PM

#39836 RE: daggfish #39834

Thank you for your swift response, and FWIW I agree with your conclusions.
icon url

74stingray

05/05/10 7:01 PM

#39840 RE: daggfish #39834

I agree, and will be quite happy for it to be Handcamp for the new listing, followed later in the year for the same type of deal with 1 or 2 of the other properties. Shareholders in the parent KATX company will have it made as the PPS increases we will get bonuses in shares for each property Spin-Off
icon url

Er0ck

05/05/10 7:15 PM

#39850 RE: daggfish #39834

Ken main goal is to do what is in the best interest of shareholders, and spending 300k on a shell to simply put one property under it while the main, parent company is still on the pink sheets would not be in the best interest of the shareholders IMO.

That is alot of money to spend on only uplisting one property. Even if we get shares in the new company, which I expect, I don't see how that could be better than taking the full company and merging that into the Shell instead. We don't need a spin off with one property to be transparent, we need the parent company to be transparent.

Also if we do a spin off, we don't need another shell to get us on the otc/bbs or "protect" the property. We can simply uplist stright to the otc/bbs as long as we file the proper papers with the SEC.

I have no doubt that Ken is going to do what ever is in the best interest of the shareholders, I just don't believe hes going to spin that kind of money on a spin off with only one property.
icon url

louieforpar

05/05/10 7:57 PM

#39871 RE: daggfish #39834

if handcamp(or any other property) is put into the shell,and ken owns the shell and not katx then realistically what fruit that handcamp yields would not be on the books for katx correct?if so how does that benefit the shareholders of katx? i know some here trust ken,however the company needs to address this a.s.a.p because im not liking this "ken could put whatever he wants into the shell".so is it possible for ken to "dilute katx"and leave the shareholders holding nothing?

thanks in advance