solidgold, with that thought...
I am sure that the company made sure that a reverse split would not be something under consideration because they particularly mentioned merging KATX under BVIG as a wholly owned subsidiary on a "1 for 1 ratio" basis. I think it's important for all to understand that 1 for 1 means as a subsidiary under BVIG and not directly into BVIG. This means that this transaction won’t affect BVIG share structure.
There is definitely and clearly not going to be any kind of a reverse split involved anywhere at all with these transactions.
The PR clearly explains that what we now know as BVIG will transform to be KAT Gold Holdings Corporation and exist as the parent company. What we now know as KATX will become a subsidiary of what we know to be the parent company.
So, in short…
New Parent Company = BVIG
BVIG = KATX as we see it today
KATX as we see it today = Subsidiary of BVIG
Hmmmm… so in essence, all valuation will ”eventually” and in the long term, be listed under BVIG which will have the new name of KAT Gold Holdings Corporation of which a new ticker and cusip# is on the way for BVIG.
I used the word ”eventually” because for the short and long terms, all valuation captured from the Handcamp gold property will go towards enhancing the valuation in BVIG.
Anything related from the KATX copper properties, in the short term, will go towards enhancing the value of KATX and BVIG for the long term.
It appears that KATX is doing what they have explained in the PR because it makes things easier to go to the OTCBB while quickly having an added group of investors within the market to consider the valuation of their drilling of the Handcamp property to be more serious.
v/r
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