Onemo... Your feelings are justified...
Nothing will change this course until word is given by the Company to investors. Clarity and guidance are long overdue.
The structure of the two Companies is concerning as it shares a symbiotic financial relationship and the same inherent overall risks.
Obviously...
One has "Audited Financial Reports" and the other has "Unaudited Alternative Accounting Methods"...
However, this lends to complexities and obscurities in the structure of the two companies and more questions...
One has less information which means less certainty as to the true fundamentals and risks while the other initially razzle dazzled investors with geological maps and filings in their "Audited Reports." Additionally, the lack of Transparency in KATX obscures the company's level of debt while it created optimism and...
Even though KATX's filings technically conform to the standards they are using, the cause of the poor Transparency is less important than the company's ability to give investors the critical information they need and makes it difficult to trust.
Full Financial disclosures in the form of "Audited Financials" would give investors line-of-sight into the financial health of KATX and allow them to make an informed decision...
Unfortunately, their delays in disclosing funding to continue operations has sent investors scrambling to seek out anything to give them a glimmer of hope...BUT...
Their silence is not "golden."
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