This was a nice PR, has everything I expected it to have in it, and really nothing that I didn't expect. We even nailed the share conversion ratio of 1 to 4.
Let me try to clear a few things up. First of all I think everone here fully understands that we are getting 1 free share of BVIG for every 4 shares of KATX. So for an example, if you have 100k shares of KATX, you will get 25k free shares of BVIG. Simply divide your share count by 4 to see how many shares you will get in BVIG.
Now whats interesting about this is they said the BVIG shares would be "restricted". This mostlikely means that the 161 million shares that BVIG "paid" KATX for Handcamp will be the ones given to us. Those shares are restricted for 1 full year.
If you take the current float of KATX, and do the math, it will only cost KATX 80 million shares of BVIG to give us shareholders 1 to 4 shares of BVIG. That leaves an extra 81 million shares roughly of BVIG that Ken will own him self perserving ownership of BVIG.
So BVIGs new O/S after this should ONLY be 161 million shares roughly, with a float of only 80 million technically speaking. But since all of these shares are restricted, the float would technically be far less than that. But what is going to happen is Ken will increase the O/S higher than 161 million so that people can actually buy in directly to BVIG too. So it's hard to say what the final O/S will be, but I would assume Ken would make it something around 200 million. So that means our new O/S for BVIG would be rougnly 200 million with a float of roughly 40 million as our 161 million shares will be restricted and not in the float.
The float and O/S count, even after our shares are unrestricted, will be extremely low and thus should allow the value of BVIG to increase greatly.
Moving on...
The goal is to later merge (PINKSHEETS: KATX) into an OTCBB entity under KAT Gold Holdings Corporation as a wholly owned subsidiary on a 1 for 1 ratio basis.
Now they are going to change the name and ticker symbol of BVIG to "KAT Gold Holdings Corporation" and it will have a different ticker symbol.
What they mean when they say "will merge KATX into KAT Gold on a 1 to 1 ratio bases" is this; KATX is going to buy another otc/bb shell at some point and place it as a subsidiary under KAT Gold. Once they do this, they will move the full company of KATX into that new OTC/BB shell via a reverse merger. That will allow KATX to become fully uplisted on the OTC/BBs. Also, KATX will be under KAT Gold, and become a subsidary of KAT Gold. KAT Gold will be the new parent company of KATX. That being said, KATX will still fully control and own KAT Gold.
The 1 to 1 ratio is not taling about a share exchange for this, it's simply talking about us moving the full company of KATX into a otc/bb shell. KATX's current share structure will simply transfer intact into the new company.
This is all very good news, though all of it has been expected. We knew we were getting shares of BVIG, we knew that KATX was going to uplist at some point, now we know exactly how they were planning on doing it. This is something I and many others have predicted quite correctly overt he past month or so. This is going to greatly enhance shareholder value.