Kallo Inc. (KALO)

[gempicker]

Stepping back a bit...

In q2, 2015 and prior the market cap was in the 20-50 million range.

Q2-Q3 2015 brought about multiple hiring on bringing people on board. Market cap slid until about September then it went into free fall and dilution was heavy beginning q4.

Noted a financial entity acquired a 10% stake and the BOD acquired a stake which still amounts to about 35% ownership today. Also noted, of the recent hirings folks started leaving in Q4 into present day.

Vince, IR, HR, communications, etc... Vince does not even recognize Kallo name on LinkedIn.!! Yet some other types of jobs are still being shown..

What precipitated the free fall?

ITD announced in later 2014 the Kallo contract and need to expand to service it.. In July of 2015, they finally announce final stages of acquiring facility. In late August and September they discuss acquiring facility with hopes of year end move. Early 2016 they highlight their facility upgrades and move in days in March.

Coincidence? ITD acquiring new facility and KALO free fall in stock price? If ITD needed the space irregardless of Kallo what too so long to acquire?