1000% incorrect, and well, your statement is a pure out right lie and completely and utterly wrong. You sir, have ZERO idea how much money KATX has. You know only what has been made public, nothing more, unless you have "inside information" which you would be the last one to get that I am quite sure.
There is nothing that has been made public that tells us exactly how much captial they have currently. So lets take a look at the actual facts, and not made up lies that you seem to like to spread on here.
The facts are as follows:
#1 we have secured financing for up to 5 million dollars. We currently, have not spent anywhere close to 1 million, much less 5 million, so if we indeed have secured all 5 million of that financing then we actually have plently of captial and are no where near "broke".
#2 we know as of feb, KATX had almost 600k in cash sitting in their bank. Again, that is no where near "broke".
#3 the company has done everything it said it was going to do. It's brought on some of the best geo phsys and geologists out there. It's brought on new members of the board, and it has paid for not only more surface work, but a full drill program for Handcamp, bought a shell company for 300k, and are about to start a test drill program on Rusty ridge.
So, while we do not know exactly how much captial they do in fact have currently, it's quite clear that they are no where near "broke" and have plently of cash as they are spending it to do everything they said they were going to do.
There is not one peace of evidence that would suggest they are in anyway, shape or form "broke" or short on cash. If you have something to back up your wild cliam with then post it and share it with us, if you don't then your cliam is completely baseless and is not supported by ANY of the FACTs currently known.
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