KAT Gold Holdings Corp has a Operating Margin of 0.0%.
ROA of (437.68) % which means that it has lost approximately $437.68 on every $1 spent on asset. This is way below average.
KAT Gold Z Score = Sum Of 5 Factors = -18548.6
The Z Score for all stocks is over 1000% higher than this company.
A 98% chance BVIG will be BANKRUPT in two years after they've finished paying Corporate Level and funding further explorations on the NL properties which haven't been worked in approximately 2 years...
Kat Exploration did not disclose DEBT from 'failed deals and projects'...
However... The following Warrants/Options and DILUTION are Disclosed...
"Beneficial ownership is determined in accordance with SEC rules and generally includes voting or investment power with respect to securities. We believe that all persons named in the table have sole voting and investment power with respect to shares beneficially owned by them. All share ownership figures include shares issuable upon exercise of options or warrants exercisable within 60 days of April 1, 2012, which are deemed outstanding and beneficially owned by such person for purposes of computing his or her percentage ownership, but not for purposes of computing the percentage ownership of any other person."
To expound... Private financiers left as none were impressed enough to further invest or finance properties held by Kat Exploration for nearly 2 years.
Therefore, Ken sold off assets to Kat Gold Holdings in an attempt to attract investors via Ghana. (HINT - Shell Game)
This is how they continue to operate via the 'Shell Game'.
Through the use of accounting loopholes and Tax structures, they were able to hide their poor financial reporting and leave investors holding the bag in KATX.
Investors were given false or misleading information regarding the July 16, 2010 'Record Date' through a series of PR's and Blog Updates.
This setup created 'expectations' and gave the appearance of efforts to give investors this 'share distribution.'
Additonally, the costs of cancelled claims as assets, with the rational that no official letter had stated that the claims were cancelled, and delays in revealing disappointing lab results were all part of this 'setup.'
This ruse was used several times to fool investors into believing the company was active.
The evidence available to us was not via the company... They 'Intentionally' kept investors in the DARK for over a year...
The actions of Ken Stead have DIRECTLY affected the pps, FACT!
The company had not grown, or expanded until the recent purchase of the gold company, FACT!
Creating KAT Gold in order to move properties around cost the shareholders 70% of the stocks value, FACT!
Drilling, barely released results, zero communication from the company, and a multi-year trip without a map has cost the remaining 28.5% of the stocks value, FACT!
The issue, is that the past few years have been atrocious for the companies reputation. Anyone who continues to tout "almighty Ken and team" as heroes and great men, are severely mistaken. They are barely hanging on at this point. I think the gold purchase is a last ditch effort. If they can't get financing to get the project going to get some steady capital, then I would assume they are out of options.
The Company has suffered recurring losses from operations since inception. In addition, the Company has yet to generate an internal cash flow from its business operations. These factors raise substantial doubt as to the ability of the Company to continue as a going concern.
Capital Requirements for Ghana...
7.3 MILLION????
24 Acres...
35% Taxes...
15% Royalty payments...(INCREASE ANTICIPATED THIS YEAR)
That would be VERY hard to develop profitably even with bonanza grades!
There's "no change in the performance or outlook of the company going forward."
"We do not expect to generate revenues in the foreseeable future"as per Kat Gold Holdings SEC filings.
There have been very significant departures in their structural reorganization and particularly troubling is the hiring of Pink geo's and Engineer's with associations to other 'failed businesses' listed as 'skull and crossbones.'
Nevertheless... In the end we have a better understanding of 'why and how'...
Reiterated throughout filings...= DILUTION... The authorized capital stock consists of 505,000,000 shares of common stock at a par value of $0.001 per share. 500,000,000 are designated as common stock of which 298,644,500 are issued and outstanding and 5,000,000 are designated as preferred stock and no shares of preferred stock are outstanding.
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