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Breakout

07/28/10 3:59 PM

#2421 RE: hoopsville #2420

Katx sold them an asset, Handcamp, for shares in BVIG/KATG. If you were in before the deal date you still own a percentage of Handcamp but it is with the your new shares of BVIG.
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balihi

07/28/10 3:59 PM

#2422 RE: hoopsville #2420

The BVIG filing.....Ken does not claim ownership of the shares,but,that does not change anything involving with the share distribution.
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Stayahead

07/28/10 4:04 PM

#2423 RE: hoopsville #2420

We are getting a distribution of shares from the newly capitalized BVIG. Ken will also get shares. I think he owns 165,000,000 of the 600,000,000 katx share outstanding.

In the end you end up with the same ownership % of katx as you previously had and also an ownership in BVIG. I can't recall the share count at BVIG. Whatever that is, you own a qty equal to 1 share for every 4 shares of KATX you owned at the EOD on July 16th.