When the first 4 to 1 stock distribution was announced we were informed by our brokers [ posted multiple times on I-HUB] to hold on to your original KATX shares for at least 1 day AFTER you receive your BVIG shares. Like many longs here I have added shares in 2011 and very happy with the Dec. 21,211 cut off date.
I was wondering out loud. I was wrong with the numbers, it should have been remaining 54-55% remaining stock or approx 143.5M shares. Of the 261+M spun off shares: the directors/officers will get approx 83+M (32%) & the entity of Kat Exploration will have 34.5+M. That means 143.5M is divided up among the remaining holders of record. That is a substantial amount of shares.
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