Replies to post #80126 on KAT Exploration Inc (KATX)

[gump90]

May I remind you that it has NEVER been proven the next $4,000,000 is in play yet ? No one knows. It was not yet in the bank on May 31. This is the clarification that I would like to see. And of course BVIG is BROKE the last time we heard.

[Biochemist2002]

Re: the $1-$5 million financiers, I do believe if they are the ones financing KATG, then it was likely agreed to prior to all of the split and was probably part of the conditions for getting the other $4 million.

The funding contract guarantees $1 million over the next 6 months and the remaining $4 million to be delivered upon agreements within the contract being achieved over the course of the following 6 months of no specific date. The funding is to provide operational support for Kat for at least the next 5 years. The funding was secured with 50,000,000 restricted shares.
http://www.marketwire.com/press-release/Kat-Exploration-Secures-up-5-Million-Funding-With-50-Million-Restricted-Shares-Retires-1184994.htm

Keep in mind, they now have 12.5 million shares of KATG. So, I'm not worried about that. Surely, KATX didn't take their money and then split the company without their knowledge beforehand. In my opinion, this is all part of their plan from the beginning. If it wasn't then I imagine those financiers would be pretty angry about giving them that much money just for them to split the company and "give away" the Handcamp (although it was not "given away").

This is what I've been trying to say all along. All these happenings are for a reason and meant to advance both companies as has been stated numerous times by the company. We can argue (philosophically) all day as to whether it will work or not, but my point is that this is what was intended from the beginning. All this started to fall into place as soon as we got the initial financing and rather rapidly considering how quickly they got the shell, the the consultants, the law firm, switched the property, developed the share structure plan, got the Cabo contract and started drilling Handcamp, etc. Trust me, the financiers knew from day 1 that this was ALWAYS the goal and they already have their major share of BVIG/KATG...12.5 million shares to be exact.