If this filing is correct, and the A/S is still 700 million, then I must ask, why has the company not corrected the A/S with the Nevada Secretary of State?
So, it appears the company issued an additional 46,364,940 shares since February 28th, 2011 (note the increase in the O/S). For simplicity, if we multiply that amount of newly issued shares by 0.015, that would be worth approximately $695,471 (I'm estimating the approximate price KAT has traded in over the last couple months). As I stated before, I suspected the company was selling shares (or issuing shares) to raise capital. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62243402
Of note, the float increased since February 28th by 60,248,869 (or an increase of 57,942,376 if you're going by the float listed as of November 30, 2010). So, Most likely either some shares became unrestricted or some of the newly issued 46,364,940 shares were unrestricted. I'm inclined to think the increased float (by 57.9 ot 60.2 million shares) has to do with previously restricted shares becoming unrestricted.
I also note that they had $24,676 cash at the end of the period as compared to about $1,200 cash at the end of period ending February 28, 2011.
I'd just like to note that although the attorney certifies the information contained in today's filings to be current and accurate as of June 15, 2011, he is mistaken. In this most recent filing, the claims information is NOT current with regard to the number of claims for Clifton, Shaylee, Twilite, Rusty Ridge, and the Cabot.
I would like the company to update the filing to more accurately reflect the CURRENT status of KATX claims, and the possible error with the listed A/S.
With regard to the company's plan of operation, I note the similarity with previous plans: According to the June 15, 2011 filing:
According to the Dec 22, 2009 Initial Company Information and Disclosure Statement