OTCPK:KATFF - Post by User
Post by
Stevercanon Apr 27, 2018 9:34am
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Post# 27949266
IMHO - Bankrupcy
IMHO - BankrupcyGlencore has planned this from many years ago.
The stock was pumped so certain investors could get out. Glencore will call the loans and make KAT and subsidiaries worthless and Bankrupt. The losses for Glencore will be huge and will create probably the world's biggest ever tax loss in the reource sector. The assets will be bought back for next to nothing.
The refurb and set up will ultimately be paid for by the various governements where Glencore has jurisdiction for the losses.
Almost all of the financing came from advance sales revenue and loans from Glencore.
IMHO