Replies to post #99293 on KAT Exploration Inc (KATX)

[Rick-UK]

That's a very well explained post rubber duck, thank you!

As you and Tinkerbelle and Homevendor and others have posted, we went into this Atlas Mining business back at the beginning of the year. BirdmanBob was (as others have already said) able to get a definitive explanation from Ken Stead about the minimal extent of the relationship. To the best of my knowledge Bill Jacobson has had nothing to do with Ken or KAT since the end of the Atlas funding deal struck in 2005 and as others have pointed out, Jacobsens indiscretions have nothing to do with KAT whatsoever and are not even contemporaneous to it.

Bill Jacobsen is not serving as a director. Here is the list of directors from the recent KATG filing. My understanding is that the BOD is identical for both companies...



http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7462162

Here is Ken's expl,anatory email regarding Atlas and Jacobsen...

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