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Jim Bishop

05/24/10 1:57 AM

#50419 RE: Grahamber #50418

Well sorta, he reduced the authorized, that 2.3 billion "retired" was never issued and outstanding.

I still don't understand why they gave themselves another 186 million shares when they already have a poison pill in place with the Series A super voting shares...unless the Series B that we know nothing about are convertible bigtime.
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Er0ck

05/24/10 2:08 AM

#50424 RE: Grahamber #50418

I agree with that as well, I have no doubt once Ken has KATX at a point where a hostile take over is no longer possible he will retire the 186 million shares that he and his borther were issued.
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Grahamber

05/24/10 2:18 AM

#50430 RE: Grahamber #50418

I would like to mention that I have only found one other gold company similar to KATX, and it only has about a 9th of our O/S. Its pps is about half ours, however, we have 7 properties and their best gold samplings were .5 AU g/t vs KATX's 30. AU g/t. We have over 60 times more gold in our samplings then they have. Their stock price went up 68.75% Friday alone. They are good, but we are great. They have a little and we have much. We are going to dollar land and it may be sooner than we think. Big things are going on with the new group of people in the know in our new Wall Street firm. We are not being hyped by sleazy pinky tabloid emailers. We have things going on beyond our knowledge and big sums of money are flowing in. Think through all DD, the signs, and you will ultimately come to the conclusion ken knows "We Good".

The more one studies this company the more one is willing to forgoe taking profits because it is too scary to sell. It could run too fast to catch and you're out. And for the rest of your life you will be telling everyone how you were almost a millionaire. My Opinion