I don't about shorting in this particular stock. This likely is Kodiak collecting on their loan of 2 million dollars or roughly 50 million shares.
The two million means the co. can get started--which is why we see all the new jobs--and Kodiak can sell for higher prices.
"Analysis of our business acquisition and operations cost indicate a reasonable requirement of USD $2,000,000 or less. We have entered into an agreement with Kodiak Capital Group, LLC., a Delaware limited liability company ("Kodiak") whereby we have the right to "put" to Kodiak up to $2,000,000 in our shares of common stock. In connection therewith, we have filed a Form S-1 registration statement with the Securities and Exchange Commission registering for sale up to 50,000,000 shares of our common stock. Based upon the current price of our common stock, we believe that if Kodiak purchases all 50,000,000 shares of common stock, we will only receive $720,000. The reasonable funding requirement of US$2,000,000 is estimated to fund our operations and capital requirements over the next 12 months. Management believes that the Company can be generating revenue in the next 6-12 months, and therefore will not require additional funding."
Thus, I bought at the WRONG time once again. Nevertheless, by baiting new buyers with the new plans, Kallo is able to procure more than $720,000. Kodiak gets its 50,000,000 shares (and then some). If revenues play out as anticipated, Kodiak stands to gain exponentially.
As promised, shareholder value dissipated with the dilution, at least for the next few months.
Live and learn.
Go KALO!
All imho.
