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Sunday, September 25, 2022

Kat Exploration Inc (OTCMKTS: KATX) Heating Up and Getting Noticed as RM/SPAC Files 10Q & 10K

Kat Exploration Inc (OTCMKTS: KATX) is heating up and getting noticed after once again going “pink current” and filing both its 10Q and 10K the Company is now a sec filer and looking to move up to the fully reporting OTCQB tier. KATX has a history of big moves running to highs of $0.0178 in July of this year and we covered the stock in the beginning of January the last time the stock saw a significant spike. As we reported the last time, investors in KATX here are looking for run past previous highs for confirmation of the next leg up; a break over $ 0.0178 and its blue skies ahead for KATX. KATX currently has just 1,759,271,048 shares outstanding putting the Company’s total market valuation at just $5.7 million. 

KATX is being shepherded by Caren Currier who has been making name for herself in the world of SPACS “The REVERSE MERGER specialist” is in the wheel house driving this merger. (See IGEX, ILUS, AXTG, SSOF just to name a few of Caren Currier recent SPACS). Caren Currier has earned an incredible reputation in the OTC as a merger GURU. As the current CFO for the investment holding Company FCCC, Inc. and One World Universal, Currier has the experience and know-how to reliably get shell companies up to speed.  “Pink Current” KATX has momentum, huge liquidity and legions of new shareholders bidding up the price. Reverse merger SPACS can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. On June 19, 2021, the Eighth District Court of Clark County, Nevada granted the Application for Appointment of Custodian as a result of the absence of a functioning board of directors and the revocation of the Company’s charter. At this time, the Custodian appointed Caren Currier as sole officer and director.  

Kat Exploration Inc (OTCMKTS: KATX) operating out of Denton, Texas is a perfect merger candidate, debt free the Company is currently looking to up list to fully reporting OTCQB. KATX was incorporated under the laws of the State of Nevada on July 7, 1992 under the name Select Media Communications, Inc. The Company changed its name to In Full Affect, Inc. in February 2005, and then to Western Transitions, Inc. in May 2005 and then to KAT Exploration, Inc. in May 2009. The Company maintains its principal executive offices at 2313 Hollyhill Lane, Denton, TX 76205, KATX is authorized to issue 2,450,000,000 shares of common stock, .001 par value. The Company had 1,759,271,048 shares of common stock issued and outstanding at March 11, 2022. 

The Company has had limited operations since November 30, 2015, and is a “shell company” as defined in Rule 13b-2 of the Exchange Act. Such operations consist of a search for appropriate transactions such as a merger, acquisition, reverse merger or other business combination with an operating business or other appropriate financial transaction. See “Current Business” below. 

Since November 30, 2015, the Company’s operations ceased. The company failed to maintain their OTC and SEC filings at that time. On June 19, 2021, Acropolis Capital Partners was granted the Custodian for KAT Exploration, Inc. (KATX). Acropolis is qualified to serve as custodian because it has satisfied the requirements of NRS 78.347(2). Ash has established a “reasonable likelihood of success” on the merits and that if the relief is not granted, KATX and its shareholders, including Ash will suffer “irreparable harm” because KATX is delinquent in its filing and reporting obligations with OTC Markets. Ryan Ash has appointed Caren Currier as Interim CEO to bring the company current and in good stanings while in of a search for a merger, acquisition, reverse merger or a business transaction opportunity with an operating business or other financial transaction; however, there can be no assurance that this plan will be successfully implemented. Until a transaction is effectuated, the Company does not expect to have significant operations. Accordingly, during this period we do not expect to achieve sufficient income to offset our operating expenses, resulting in operating losses that may require us to use and thereby reduce our limited cash balance. Until we complete a merger, reverse merger or other financial transaction, and unless interest rates increase dramatically, 

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On June 19, 2021, the Eighth District Court of Clark County, Nevada granted the Application for Appointment of Custodian as a result of the absence of a functioning board of directors and the revocation of the Company’s charter. The order appointed Acropolis Capital Partners (the “Custodian”) custodian with the right to appoint officers and directors, negotiate and compromise debt, execute contracts, issue stock, and authorize new classes of stock.  

The court awarded custodianship to the Custodian based on the absence of a functioning board of directors, revocation of the company’s charter, and abandonment of the business. At this time, the Custodian appointed Caren Currier as sole officer and director. The Custodian attempted to contact the Company’s officers and directors through letters, emails, and phone calls, with no success.  

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KATX is heating up and getting noticed after once again going “pink current” and filing both its 10Q and 10K the Company is now a sec filer and looking to move up to the fully reporting OTCQB tier. KATX has a history of big moves running to highs of $0.0178 in July of this year and we covered the stock in the beginning of January the last time the stock saw a significant spike. As we reported the last time, investors in KATX here are looking for run past previous highs for confirmation of the next leg up; a break over $ 0.0178 and its blue skies ahead for KATX. KATX currently has just 1,759,271,048 shares outstanding putting the Company’s total market valuation at just $5.7 million.  KATX is being shepherded by Caren Currier who has been making name for herself in the world of SPACS “The REVERSE MERGER specialist” is in the wheel house driving this merger. (See IGEX, ILUS, AXTG, SSOF just to name a few of Caren Currier recent SPACS). Caren Currier has earned an incredible reputation in the OTC as a merger GURU. As the current CFO for the investment holding Company FCCC, Inc. and One World Universal, Currier has the experience and know-how to reliably get shell companies up to speed.  “Pink Current” KATX has momentum, huge liquidity and legions of new shareholders bidding up the price. Reverse merger SPACS can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. On June 19, 2021, the Eighth District Court of Clark County, Nevada granted the Application for Appointment of Custodian as a result of the absence of a functioning board of directors and the revocation of the Company’s charter. At this time, the Custodian appointed Caren Currier as sole officer and director. We will be updating KATX as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with KATX.

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Disclosure: we hold no position in KATX either long or short and we have not been compensated for this article.

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