Replies to post #99284 on KAT Exploration Inc (KATX)

[Big Momma]

You're new here so The other long term posters here take precedence. BTW I'm not a newbie. I've been holding KATX since January.

[Calvin Hobbes]

Here is your answer again, I believe that Mr . Stead is too busy making us shareholders value to answer questions that have been repeated over and over. With the answers right there in past posts on this board.
FROM A PREVIOUS POST ON IHUB IN JANUARY

From: Ken Stead <[e-mail]>
Subject: Re: mY RESPONCE TILL YOU GIVE ME BETTER ONE !!! CHINESE ART OF "WAR"
To: "Bob Nordberg" <[e-mail]>
Date: Tuesday, January 26, 2010, 6:58 PM


Bob
Some guys really like to distort, I guess lack of facts and attitude. Kat was incorporated in 2005 and at a mining show in Vancouver that year an acquaintance put us in touch with Atlas Mining who we knew nothing about and being a private company we were supporting the company with personal funds which wasn't going to take us to far. A 1 year deal was struck with Atlas Mining for grubstaking Kat with an option to continue funding if so desired. However, after the 1 year was up Atlas decided not to fund Kat any longer. So that deal was finished and we had nothing to do with Atlas since. Yet a year or so later Atlas came in to some legal problem that we had no knowledge of and still don't.
This left us on our own for a few more years using our own funds once again and yes just scraping along and doing just enough on our properties to keep them in good standing without pay checks. I went 23 months before I got my first paycheck last time around. We continued to keep discovering new areas and eventually came up with enough money stake new properties and now it seems to have paid off and hopefully we'll be good from here on in.

K Stead

FACTS SPEAK TRUTH
Mr. Hobbes

[rubber duck]

Alright, let me give this a crack. Take it for what you want.

Bill Richardson's investigation by the SEC was surrounding some stock that he had parked with various family members and then illegally sold on the market while he was the head of Atlas Mining.

Sometime previous to this, Atlas Mining staked out KAT with funding for KAT to begin to develope a couple properties. I'd speculate that the deal was Atlas would get a cut of whatever KAT found, as it doesn't appear that KAT was publicly traded yet, so stock options wouldn't be possible.

After a year agreement, Atlas decided not to stake out KAT anymore, so KAT went on its own and Ken and Tim personally financed what little they could do.

KAT eventually went public as KATX and as you probably know even that wasn't a cakewalk, as the initial group of investors sold the stock out from under Ken and Tim and it tanked the stock to the sub-penny level. Now the company is back on its feet and is going ahead with a pretty good head of steam compared to where they were only a year ago.