Replies to post #142181 on KAT Exploration Inc (KATX)

[B402]

Yep, 2 promos, 2 90%+ reductions in PPS

Imagine how the first Bagholders felt, left at .50
Should make the second set feel 1/2 better anyways

I never said the company paid outrageous saleries
But now that you mention it

Salaries 750k for five people
550k spent on exploration

Promotions only help the Few....
If they had the minerals
Maybe a different story

All Promotions are is a vehicle for insiders and connected people to sell shares at a peak price and leave a field of bagholders behind them

Might ask those last financers how they did during the HC Promo.....
Probably no complaints

Might also ask those who held all the way down and see how they feel

[B402]

Eagle, Better late than Never, P&D..Yes

All Promotions are is a vehicle for insiders and connected people to sell shares at a peak price and leave a field of bagholders behind them

accusing them of a pump and dump, actually two.

Actually its to be 3, so Yes, I am accussing them of Pump and Dump

or what properties they promoted when they knew those properties had zero potential,

Easy there, They Took HC out of KATX after promoting it
Hence Zero potential for Katx shareholders

or what insiders paid themselves outrageous salaries
750k for 5 employees, 2 of which are secretaries
They only spent roughly 550k exploring wich includes
every thing from Geos to a helicopter and even postage
Looks like some of that float got sold to
And,,,Financers are considered insiders FYI

Nothing baseless about it its all there if you do the DD

Drilling........ 252,725
Assays.......... 80,404
Trenching....... 35,400
Excavator....... 16,362
Geos............ 112,099
Helicopter....... 8,186
Mapping.......... 8,928
Field Supplies...18,253
Postage...........5,733
_______________________________
Exploration costs..536,090

Wages and benefits.. 750,726

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45740

As far as to promotions go
Katx started right out of the Gatein 2009
Got Their Cusip #, Deregistered with the SEC,
And started their first Promo
All at the same time

http://stockreads.com/Stock-Newsletter-Search.aspx?q=Katx

And look at these PRs
http://ih.advfn.com/p.php?pid=news&symbol=NO%5eKATX

Expenses
Accommation.. 18,584
Advertising.. 64,175
Amortization.. 9,884
Assay........ 80,404
Consulting Fees.. 26,414
Courier & Postage.. 5,755
Drilling...... 252,725
Excavator Equipment.. 16,362
Field Supplies.. 18,253
Geologist/Geophysics..112,099
Insurance.... 25,910
Interest and bank charges.. 17,904
Helicopter... 8,186
Leased Equipment.. 0
Licence & Fees... 11,084
Line Cutting & Trenching...35,400
Mapping... 8,928
Office Supplies.... 9,183
Option Agreements... 70,000
Professional fees.. 323,898
Recording Fees... 2,237
Repairs and maintenance... 20,455
Rent...... 16,062
Telephone.... 12,922
Travel / Entertainment.... 26,222
Vehicle operating.... 16,748
Wages and benefits... 750,726
Total........ 1,960,520

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45740