Kat Exploration (KATX.PK): Questioning the Truth
Friday, June 26th, 2009
After the last trade, the stock of Kat Explorations tumbled down by almost 10% and settled at the price of $0.40. Being very illiquid, the share price is easily affected by any external force. This time stock promotional campaign did not look very helpful, though 24/7 Stock Alert was compensated by $10,000. Maybe this sum of money wasn’t enough? Let us look what is happening in KATX.
A company with a variety of mineral properties consisting of gold, copper and silver, Kat Exploration (KATX.PK) has recently announced that exploration results in one of its properties were successful. However, it is still hard to believe as there is no evidence.
KATX hasn’t sent any financial reports to the SEC since 2005, and the real situation is not clear in the company. Can the results be successful? Should we believe the company?




disconnected, and there... more