How is it "fair" to loyal long term shareholders to give advance warning to a group who would only buy KATX in order to sell Kat Gold Holdings once those shares hit the open market and became trade able? "This would have made it fair for everyone."
The way Kat did this has made it so only the most loyal longs (who bt the way, did not even sell for tax reasons) will be the ones to receive Kat Gold Holdings!
IMO this will greatly increase the chances for any sell off once those shares become trading (they only go to he most loyal longs)
EVEN THE OLD FINANCE GUYS /"insiders" WILL GET NO SHARES!!! HAHAHA
THAT is how I believe a company works to benefit it's ACTUAL shareholders
The record date IMHO will have no bearing on the distribution. As I have stated before, the distribution as far as I can see will have to be treated as a "special dividend" because of the % of the stock involved. Thus the X-date will be the day after the actual distribution date. This is why the SEC will not have a problem with the record date. This is all IMHO.