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Grahamber

09/27/10 1:11 AM

#98013 RE: admaiora #98012

So, my KATX is worth about .08 and my bvig shares are worth about .64 divided by 4 equals .16 cents... Total of .24 cents

So, I don't see Dilution of the share price and if any of our 7 KATX properties has more good news it will only start the process of it going backup.

RR is the most watched drilling going on around the North American Continent. The Monster Billion dollar companies are watching what comes out. If good things come out we are all going to be Rich...JMHO
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tradersrule

09/27/10 1:11 AM

#98014 RE: admaiora #98012

I'd like to agree with you, since I think the share issuance was a terrible decision that turned into a blunderous debacle of epic proportions. However, the shares issued were for BVIG/KATG and, in and of themselves, did not dilute (or reduce) the value of the current KATX shares.
What it DID do, though, is take any value whatsoever that HC has and ripped it away from KATX shareholders....essentially crashing the share price. If RR doesn't come thru soon, then ppl will continue to hold a stock that is intrinsically worthless. .......rule