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KLEG FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
KLEG SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.
https://www.sec.gov/litigation/suspensions/2020/34-88381.pdf
Order:
https://www.sec.gov/litigation/suspensions/2020/34-88381-o.pdf
you're the man!!!
You would of made some money if you listened to what I said in the last PM. Timing is everything...PM sent on the next money maker for you. PM me back if you mess up again.
Keep your eye on KLEG
I Know you enjoy following me from board to board, if you want some tips on investing send me a PM, I will be more then happy to help you out!!
I give back to the needy, and I am big on that.
I get the feeling you keep following me, if you want some tips on investing send me a PM, I will be more then happy to help you out!!
I give back to the needy, and I am big on that.
KLEG is a great investment, you will make a fortune on it.
Hahahaha!!! Glad to see you still have your humor. Good luck to you.
what did you send asking them? learning how to become "intelligent" picking stocks or what they plan on doing?
I guess Its not dead http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7931094
hi, when I saw your post I couldn't even remember KLEG.. lol thanks for the reminder. My only interest in KL a long time ago was that the ceo of O2Diesel was associated with KL. I would do some serious reading before committing capital. JMO
Sent an email to the company, waiting for a reply.
Any ideas on what is going on with KLEG? Can I even buy shares?
Both KLEG and OTOD have been very quiet, OTOD in news and filings; KLEG - no trading...
Now Alan Rae is on KLEG's board also.
Ideas????
Outstanding stock, from 09/12/08 8K:
On August 27, 2008, the Secretary of State of Nevada accepted for filing a
Certificate of Change with respect to a forward stock split (on an 3-for-1
basis) of our authorized and issued and outstanding shares of common, as
approved by our board of directors. The effective date of the Certificate of
Change is September 8, 2008.
As a result, our authorized capital increased from 50,000,000 shares of common
stock with a par value per share of $0.001 to 150,000,000 shares of common stock
with a par value per share of $0.001. Our issued and outstanding share capital
increased from 5,130,000 shares of common stock to 15,390,000 shares of common
stock.
ITEM 8.01. OTHER EVENTS
The forward stock split described in Item 5.03 above became effective with the
Over-the-Counter Bulletin Board at the opening for trading on September 8, 2008
under the new stock symbol "KLEG", which replaces the trading symbol "KLEC". The
new CUSIP number for our common stock is 48248V 201.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
3.1(3) Certificate of Change filed with the Secretary of State of Nevada and
made effective on September 8, 2008.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KL ENERGY
KL Energy has an association with O2Diesel, from OTOD's recent 10/14/08 8K:
Item 1.01 Entry into a Material Definitive Agreement
On October 9, 2008, O2Diesel Corporation (the “Company”) entered into a term loan agreement (the “Agreement”) with KL Energy Corporation (“KL”) to provide up to $1.0 million in funding for working capital. In addition, the Company signed a Supply and Distribution Agreement (the “Supply Agreement”) with KL to develop the commercial market in the United States and Canada for O2Diesel™, the Company’s cleaner burning ethanol diesel fuel blend.
The Agreement provides an initial loan of $250,000 in the form of a secured promissory note (the “Note”) at an annual interest rate of 10%, with the interest rate increasing to 12% in any period in which there is a default. Pursuant to the terms of the Agreement, the Company may make additional draws upon the delivery of written requests to KL specifying the amount and use of the funds. The Agreement matures on March 31, 2009 (“Maturity Date”). Interest accruing on the loan will be paid on the Maturity Date. On the Maturity Date, KL has the option of converting the outstanding loan obligation into shares of common stock of the Company at a conversion rate equal to the price of the Company’s stock on the Maturity Date. If the Company fails to pay the loan on the Maturity Date, the Company will pay KL an indemnification fee equal to 20% of the maximum principal amount outstanding during the term of the Agreement. As security for the loan, the Company has provided a senior security interest to the Company’s intellectual property. The Agreement and Note also contain customary events of default. There are no financial covenants related to this loan.
The parties also entered into a Supply Agreement, in which KL and the Company will jointly develop the market for O2Diesel™ in the United States and Canada during a three year period. As part of the Supply Agreement, KL will be the exclusive distributor of O2Diesel™ within the territory.
KL Process Design Group, the 2nd Generation Cellulosic Ethanol Leader,
becomes public and changes it’s name to KL Energy Corp.
Company to Focus on Expansion of its Current Operation of the US’ First Commercial
Waste Wood to Ethanol Facility
KL Energy Corp. (OTC BB: KLEG) today announced that it has acquired KL Process Design Group
(KLPDG), a leading process design and engineering firm and a pioneer in the commercialization of
second generation cellulose-based ethanol (CBE) production. This acquisition and accompanying funding
will allow KL Energy Corp. to develop its second commercial scale CBE production facility. Ethanol
produced from cellulose is an alternative energy source highly-anticipated globally as a means of
generating energy production through various waste materials and biomass and therefore does not come
into competition with food sources. In connection with the transaction, $6.1 million in notes made in
anticipation of the transaction and held by European institutional investors Fair Energy (through affiliate
company Niton Capital) and The Green Fund, were converted into common stock in KL Energy Corp.
KL Energy Corp. (previously KLPDG) was formed early in 2000 to focus on the design and production of
bio-ethanol plants, with projects focused on efficient construction, process optimization, and industry
leading energy-efficiencies. Applying their advanced engineering skills and knowledge gained in
petrochemical process design, the Company has become a leader in the design and optimization of
grain-based ethanol (GBE) plants. Simultaneously KL worked to design, build and operate the first small
commercial scale 2nd generation cellulose-based ethanol (CBE) plant in the United States.
Since January of 2008, the Company has been successfully producing cellulosic ethanol using waste
wood as feedstock, at its commercial scale facility near Upton, Wyoming. The first facility of its kind in the
country, the new plant was completely designed, engineered, constructed and is being operated by KL
Energy (KL). The current success is the result of six years of development efforts between KL and the
South Dakota School of Mines and Technology. KL’s cellulosic ethanol plant is supplying fuel grade
ethanol today, which is being used in traditional and high performance motor-sport applications ( ALMS ).
KL's "zero radius" design concept technology has proven its adaptability to other biomass feedstock
based on the geographic availability of feedstock and local economic drivers.
Randy Kramer, KL Energy's, President and Chief Executive Officer and co-founder said, “We are at a
major inflection point for our company, as we transition to the public markets as the leader in engineering,
design, and production of cellulose ethanol. The interest we have developed not only in the United States,
but globally since beginning production at our Upton, WY facility has been astounding. As world
economies continue searching for feasible alternatives to carbon-based fuels relying on non-food
feedstock, we believe KL Energy is a leading solution provider having already proven our technology on a
commercial scale. Our company has the expertise and experience required to address the needs of the
United States and International markets with a wide variety of new projects.,” continued Mr. Kramer.
Dave Litzen, KL Energy’s Vice President of Process Engineering, and co-founder stated, “We have
combined our experience of energy efficient corn based ethanol process design with tried and tested
petrochemical optimization and design methodologies as our foundation. Concentrating our teams
combined multi industry experience on the most economic way to design, build and operate CBE plants
we have dramatically reduced the development and implementation time lines and economics, enabling
us to offer to the market financially viable commercial scale CBE production today. We have established
what we believe are the most environmentally friendly methods of extraction and production of cellulose
ethanol currently available for commercial implementation.”
About Fair Energy
Fair Energy is a global player in the oil and biofuel markets, sourcing, trading and supplying the full
spectrum of both petroleum and biomasses products from the raw material to the finished pure and
blended products. Fair Energy is well placed through its worldwide activity in oil and biofuel trading.
Through Niton Capital (its affiliate company), it offers a highly skilled and professional service thanks to its
various strategic infrastructure investments; production, processing, shipping, storage and terminal
access.
About The Green Fund
The Green Fund has identified its investment universe as WCARE; Water, Carbon emission reductions,
Asset based lending in agricultural commodities, Renewable energy and environmentally sound and
sustainably certifiable real estate. The fund is unique in its approach to sustainable and socially
responsible investments by providing, where applicable, an audited third party certification of
sustainability. The Green fund focuses on investments in emerging and/or developed markets with
emphasis on (i) asset and/or equity based investments, future flow, or collateralized-debt transactions,
including secured loans; (ii) trade-related debt instruments, such as letter of credit, promissory notes, or
accounts receivable; and (iii) high-yielding transactions secured by readily-marketable commodities
and/or other collateral.
About KL Energy Corp.
KL Energy Corp. is headquartered in Rapid City, and trades on the OTC Bulletin Board under the symbol
KLEC. KL Energy Corp is firmly at the forefront of second generation cellulose-based ethanol production,
a hugely anticipated global opportunity for energy production from waste materials and biomass. Besides
cellulose based ethanol production, KL provides design-build operations services for biofuels facilities
along with ethanol marketing services. Additional information is available at the Company's website
at www.klenergycorp.com
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KL Energy specializes in bio-fuels project development, engineering, construction, and plant management with an emphasis on ethanol made from both cellulose and grain.
Our leadership experience ranges from past military leaders to seasoned managers in the ethanol industry. Our process engineering experience is rooted in the petrol-chemical industry. This experience provides unmatched process engineering inherently focused on efficiency.
Today, KL researchers continue to refine patent-pending technology as the first demonstration unit to process waste-wood material comes on line near the Black Hills National Forest. The Upton, Wyoming plant, Western Biomass Energy, began producing cellulosic ethanol in January of 2008 and is the first biomass ethanol plant not using acids or having a full dependency on specialized enzymes torelease cellulosic sugars from lignin fibers.
Share Structure as at 09/12/08:
Authorised Shares: 150 000 000
Outstanding Shares: 15 390 000
For Filings
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