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wwalker3

05/15/12 6:16 PM

#197018 RE: Funaboard #197017

KATG The Company has commenced exploratory drilling operations on the Handcamp property and sent core samples obtained for analysis. The Company is currently awaiting the results of these core samples.

B402

05/15/12 9:48 PM

#197031 RE: Funaboard #197017

Liquidity and Capital Resources

We had a cash balance of $3,776 as of the date of this quarterly report. These funds were used to pay vendors of our parent company. Our principal source of funds has been capital contributions supplied by our parent company

Boy, they sucked Katx dry didn't they......