From the sentiment I am getting from many of the longs here, if the shareprice does go down on news, they will be using this as a buying opportunity. Of course, I for one am wondering just how many shares are out there in the hands of newbies, flippers and naysayers that would sell on poor news. If longs haven't sold by now I don't know that they will. I have lost count of the number of longs on here that have said they are holding over a million shares. There are only so many shares in the float. And others have sort of implied that they are looking for a lower price to get in on, which means MORE buying, unless they are just saying that while spreading rumor. And, it is also a POSSIBILITY (not saying it is happening) that the company may reduce the float as part of the uplisting process. Someone posted something a few weeks ago showing the float had been reduced a little - no? That was before the TA was gagged. So many things are possible here it is ridiculous and impossible to guess. My opinion is they won't release drill results without some solid news of some kind - either the BVIG distro, a JV, a float reduction (remember the TA is gagged - the reasons for that might NOT be bad), or SOMETHING that will make sure shareholder concerns are addressed. IMHO.
Good luck to KATX investors.
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