Kallo Inc. (KALO)

[rjbluesky]

$KALO. Sean, I thought the total debt held by KALO as indicated on their last financial was around $2.7 mil or so. I'm curious as to whether that debt has already been paid off with cash by FEPI and the fairly recent noteholder for $200K will be paid off post split?

It is my understanding KALO will need to be current before any splits. The Def 14 said by Oct 7, 2017 they have to get this done via an agreement with FEPI.

Have you factored in any new assets coming into play? This shell has to be cleaning up debt free for a reason. Hence, the reason the slightly over 500 mil o/s shares could be worth a good amount when we see what has transpired if anything these past few months. I figured retail and insiders will own post split about 5% or so of the o/s. FEPI will own the rest which may be restricted for a time. That makes the trading float tiny! Hopefully we will see some valuable assets with NO debt.

Here's a copy of the last 8K.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11999876-1125-5453&type=sect&TabIndex=2&companyid=736857&ppu=%252fdefault.aspx%253fcik%253d1389034