Replies to post #128135 on Golkor Inc (GKOR)

[gump90]

It's strange that NO ONE except me challenged / questioned this at the time it was done a year ago.

But NOBODY will convince me they paid 50mil shares for 5 mil cash

At that time I challenged the word ' secured '.

[balihi]

My point,KATX did not issue 50 million shares to the financers that was under rule 144,which would have given them the right to sell the shares after one year of restriction,instead there is an agreement of some other type of restriction.KATX would be foolish to allow them to sell the shares,without receiving the full 5 million dollars,as the shares were supposed to secure that.If KATX allowed them to sell their shares,then what is going to secure the money?The financers could dump their shares,if KATX doesnt meet one of the agreed goals,and the financers walk away,pocketing the money from the shares sold(value of .02 per share)at a price much higher then they were valued at.