The LOI stipulates, the purchase of Canco Energy Corporation will be for a fixed amount of Kat shares and no cash. The transaction will take place through escrow whereby the amount of shares released will be determined by the amount of present and future projects.
Ken Stead--CEO of Kat Exploration states, "For some months now we have entertained offers for several high profile acquisitions from both the mining and oil and gas industries and decided Canco Energy Corporation to be the ideal choice for both the company and shareholders alike. In discussions with Manjit Singh Sahota, Founder and CEO of Canco Energy, we always felt a synergy that was worth pursuing. As a private company feeling that the timing was right to go public, Mr. Sahota seized the opportunity presented creating a huge milestone for both companies."
As further news becomes available with regards to this transaction, shareholders and public will be informed.
Investors were overly impressed by Canco's CFO, AmerSandhu, and expecting news by the end of June...
There are a "tremendous amount of skeletons in the closet"... Guilt by Association with former Business Partners charged by the SEC, hiring Stan Wunderlich's IR Firm, Stan has a PERMANENT INJUNCTION...
It's all readily accessible information (ie, SEC filings and past events)...
It's all undeniable...!
However, misrepresenting, distorting, omitting, de-emphasizing or overemphasizing certain points to the exclusion of others in order to hide evidence that is important and relevant is convenient when a company is DARK and it's a Shell game...!
Obviously, let’s not forget the rationale for why this is so...
A majority shareholder can pay himself (or his family members) an inflated salary, make purchases from or sales to other companies that he owns at prices that are inflated, or engage in any number of other methods to deprive the minority shareholder of fair value.
It is clear that Ken's silence is convenient when it suits his needs, ie, to sell stock or mislead investors by omission.
Canco was the one Ken chose as his first pick to PR and it's quite obvious that was his 'Best' & ONLY pick for the ruse...!
To lay blame on Canco is convenient when in fact Ken needs to accept responsibility for his actions and associations...!
IF LOI's are as you say, "as common as a house fly" then I'm certain Kennay would have gleefully announced a new one at some point in time over a period of 2 years!
So your argument is FALLACIOUS...!!!
btw...We all know the answer to the 'connection between Amco/ Canco' ...
The one Blogger was a dead give away while it was still registered under the Amco name...!
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