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KALO: SEC Admin. Proceeding for severely delinquent Financials
https://www.sec.gov/files/litigation/admin/2024/34-100912.pdf
Road side punk Cecil’s technologies/copyrights are fake and do not work like this one;
https://apple.news/AWgu4khKUQCqIm3G6QRj8Ng
$KALO
— TB (@tb97132232) September 1, 2022
🚨 KALO
💰 0,0012
🟣 Market Updated:
🔴Old Value: Expert Market
🟢New Value: Pink Current
Graph: https://t.co/ONRyxyEZne
12 years of blowing investor money…not one sale!!! Hah seesil really sees nothing!!
He is a fraudulent, lying scammer who couldn’t get a job so plagiarized other people’s Technoligies and scammed investors
crazy Cecil should now figure out how this will impact all his fake projects in Guinea
https://apple.news/Ah9oy5YnORnKtH_6OadrJeg
Please note the latest 10q was filed, even though it doesn’t show in the feed here.
https://www.otcmarkets.com/filing/html?id=15181332&guid=TwG9kKvIC1Cyc3h
Thanks for sharing. I am deeply disappointed in Mr. Cecil's leadership.
Class action lawsuit?
If that's the case, I want my money back.
Thanks for posting this. I had noticed the signature discrepancy and had been meaning to post about it.
Here is a link to the Facebook page of the Kenya Treasury and Planning office. If you scroll through it you will see a number of documents signed by Secretary Yatani. The signature is always very consistent and...
https://business.facebook.com/thenationaltreasury/
...bears very little to no resemblance to the signature on the letter filed by Kallo with the SEC.
https://www.sec.gov/Archives/edgar/data/1389034/000152013821000167/kalo-20210325_8kex1.htm
Looks like Cecil's got more explaining to do.
.
Actually Cecil has quite an extensive background in the medical arena and Dr. Marion Lyver is on board, however, your point is valid and well taken.
How can 3 employees with no medical background fulfill these medical contracts.
Let us always tell the whole story! At least as we know it!! Go to EDGAR to see copies of the two pertinent letters; they are both attached at the bottom of the filing.
Item 8.01 Other Events.
1. Letter of March 22, 2021
On March 23, 2021, we received a letter dated March 22, 2021 (the “Letter”) from the Cabinet Secretary for the National Treasury & Planning, the Republic of Kenya (the “Cabinet Secretary”) informing us that the project and agreements that we previously entered into with Techno-Investment Module Ltd., a corporation formerly domiciled in the Republic of Belarus, and now domiciled in the Kingdom of Spain (“TIM”) and the Republic of Kenya, namely, the Project Contract and the Loan Contract (the “Project”) have been put on hold. The Letter further stated that current news speculations published by the (Kenya-based) Business Daily news concerning Kenya’s agreement with Kallo have been disclosed without (the Cabinet Secretary’s) concern (and, as a result) the government has decided that it is in the interest (of the Republic of Kenya) to put the project on hold.
The Cabinet Secretary further explained in his Letter that the Republic of Kenya is undergoing preparations for upcoming elections and concerns related to certain (unstated) allegations in the media could cause serious political complications.
Nonetheless the Cabinet Secretary further stated in the Letter that the Project is not being terminated but put on hold for a certain period of time. The Cabinet Secretary did not provide any assurances with respect to if or when the Project will proceed as originally intended and we have not received any additional communication from the Cabinet Secretary regarding the status of the Project or whether the Project will be implemented, if at all.
In light of the statements made by the Cabinet Secretary in the unexpected Letter that we received, there is a clear risk that the Project (that we had hoped would be undertaken in Kenya and which was previously the subject of the Form 8-K that we filed with the Securities and Exchange Commission on August 10, 2020) may not be realized and, more than that, that all of the efforts that we and TIM expended in connection with the Project will not result in any financial gain for Kallo, Inc.
In that context, we are reminded of the inherent significant and continuing high risks and uncertainties associated with all of our business transactions and agreements involving foreign countries and our inability to mitigate all such risks and uncertainties.
We expended significant managerial time and financial resources in anticipation that the agreements that we entered for the Project would be implemented. It now appears that the agreements for the Project and the anticipated transactions underlying those agreements will not be realized for reasons that are beyond our control and with the result that our investment of our managerial time and financial resources will be lost.
A copy of the Letter and our response of March 23, 2021 to the Letter are each attached to this Form 8-K.
-2-
Overall and in light of our receipt of the Letter, which was entirely unexpected, we cannot assure any holder of our Common Stock, our Preferred Stock, or any of our debt instruments, that the matters set forth in the Letter will be satisfactorily resolved or are later resolved on terms that are commercially reasonable or which otherwise would allow us to achieve our original business and financial objectives. We are a small company with limited financial and managerial resources and we cannot be assured that the foreign governments that are counter-parties to the agreements or understandings that we enter into will not later determine that the terms of any agreement or understandings that we have with them (or any other collateral or related agreements or understandings) are not in their interest.
In that sense and in these circumstances we face the clear and unmistakable risks of significant and continuing losses. At present we have not been successful in undertaking and implementing our business strategy in any country. There can be no assurance that we will be successful in implementing our business strategy or otherwise achieving any of our goals and, in so doing, achieve any measure of profitability or positive cash flow or if we do, that we can sustain any measure of profitability or positive cash flow.
We remain financially insolvent since our Total Liabilities exceed our Total Assets and in the fiscal year ending December 31, 2020 we incurred losses in excess of nine million dollars ($9,000,000). In that context and given the high risks that we face, any reader of this Form 8-K should carefully consider the Risk Factors set forth in Item 1a in our Annual Report on Form 10-K for the fiscal year ending December 31, 2020. At the same time, no person should acquire our Common Stock, our Preferred Stock, or any of our debt instruments who cannot afford to lose their entire investment.
2. Order of Suspension of Trading
On March 24, 2021 we were informed that the Securities and Exchange Commission, pursuant to Section 12(k) of the Securities Exchange Act of 1934, as amended, suspended trading of our Common Stock for a period from 9:30 A.M., EDT on March 24, 2021 through 11:59 P.M. on April 7, 2021.
We are disappointed by this trading suspension and while we are hopeful that we may be able to resolve any matters that resulted in the trading suspension, we have not yet undertaken discussions with the staff at the Securities and Exchange Commission that would allow us to accurately understand all of their concerns. In that light we cannot assure you that we will successfully resolve their concerns or whether we can regain the tradability of our Common Stock either within the ten (10) day suspension period or if ever.
We are a small company and due to our state of insolvency, we may not be able to undertake and obtain the funds needed to undertake the necessary and customary steps needed to successfully regain tradability of our Common Stock. For these and other reasons, any person who acquires our Common Stock, our Preferred Stock, or any of our debt instruments should be prepared to lose their entire investment
As we have said previously, our stockholders are reminded that our business strategy involves significant risks and uncertainties over which we have little or no control. These risks and uncertainties are far higher today given the current uncertain environment of the COVID-19 and the global pandemic and we do not anticipate that these risks and uncertainties will decline in any material respect at any time in the foreseeable future.
Item 9.01 Exhibits.
Exhibit Number Description
(1) Letter of March 22, 2021 from the Cabinet Secretary, the National Treasury and Planning, Republic of Kenya; and
(2) Letter of March 23, 2021 from John Cecil to the Cabinet Secretary, the National Treasury and Planning, Republic of Kenya
-3-
warned you!!! We all know about this BS contracts!
KALO SEC Suspension "because of questions regarding the accuracy of statements the Company has made in filings with the Commission, including a Form 10-K for the year ending December 31, 2020, filed on March 3, 2021, concerning, among other things, certain agreements purportedly entered into by Kallo relating to healthcare infrastructure projects in several African countries. The Commission has serious concerns, for example, about the accuracy of the Company’s claim that it has entered into a contract with the Republic of Kenya to establish a comprehensive healthcare structure."
https://www.sec.gov/litigation/suspensions/2021/34-91396.pdf
Order:
https://www.sec.gov/litigation/suspensions/2021/34-91396-o.pdf
suspended.
If one scrolls down to the comments below this news article, it seems obvious that many of Kenya's citizens are EXTREMELY skeptical of the integrity of certain members of their own government. The general consensus appears to be that they believe Kallo accurately reported a material event to the SEC, as the law dictates that they must.
Wow. Thx for the info
The SEC may be looking into Kallo soon, if they are not already. Complaints by disgruntled investors are one thing. A Complaint by the Treasury Cabinet Secretary of Kenya is quite another.
Treasury Cabinet Secretary Ukur Yatani, in response to Sunday Nation enquiries following the revelation by Business Daily on Thursday, disowned the contract with Kallo Inc of Canada and Techno-Investment Module of Belarus.
This is despite what appears to be the contract having been filed and displayed on the website of the US Securities Exchange Commission (SEC), one of the world's most respected regulators.
Mr Yatani said he had written to SEC "bringing to its attention an unsigned contract purported to have been drawn between Kenya, Kallo Inc and Techno-Investment Module Ltd and seeking withdrawal of the same from the website and undertake necessary investigation on the circumstance leading to filing of unauthenticated document".
https://allafrica.com/stories/202103220116.html
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Hopefully the sec will review this 10q
I think we see the PPS move up very soon, already holding these levels well, will go explosive soon, after all only 9 Mil shares to accumulate
Never mind;
I’m not a Twitter geek, lol, but I see the related posts.
Any macro thoughts for bag holders?
Haven’t been here for a long time.
What is the date / source for the contracts?
I didn’t see a date on the tweet.
Thanks,
If it ain't clear, they just got contracts for over $5.8 Billion USD out of which $4.08 billion is being paid to them.
https://twitter.com/nxtplse/status/1369670223960367104?s=19
Does anybody think this company has fundamental value or growth potential. Just look at their filing. Lots of people have already lost money. More bag holders today
Sep 2018 haha Installation amount:
Eight (8) billion USD progressively with health projects for immediate implementation (1.7 billion USD)
https://www.otcmarkets.com/filing/html?id=12980545&guid=MU3aUKMwM238Cth
what happen? we are in 2021 lol
projects LOL here you go, 3 years ago ...
example:
https://www.otcmarkets.com/filing/html?id=12980545&guid=MU3aUKMwM238Cth
before buying, just read previous 8-Ks "Agreements" so many of them!
also 0 assists and TOTAL LIABILITIES 15,833,362
https://www.otcmarkets.com/stock/KALO/disclosure
Massive move... Happening!!!!!
3 employees inclusive of ceo.... really? Reality check
Awesome work by KALO getting the 2019 filings out this week, must be getting closer to one of the big contracts announced in recent months... From one of the Q's:
Ha ha, no worries I sold and bought into another position. Just glad the progress enabled the sell. Merry Christmas!!!
Oh come on already..., I haven't been in here for over a year or two...and still, chatter going on.
These idiots owe so much money to their employees, vendors, landlords, friends, uncles, aunts, brother inlaws, sister inlaws, cars, churches, enemies, tuck shop guy, parking lots, restaurants, the tree cutting guys, window washers, the pope, crossing guard, Trudeau, Dolly Parton, doorman, doorwomen, CRA, IRA, the clown, Michael Jordan, WHO, women down the street that dry cleans my clothing, the 75-year-old on a pension, the millionaire, the poor guy....do you really think there is any hope in this company...after what 5, 10 15 years? never made a dime...There are bigger things today to be worried about and focused on. then worried about these guys. Move on....this ship has gone done many years ago....
Sorry, couldn't resist....Merry Christmas and Happy New Year...let's leave this shitty shitty year behind and make next year a great year!
Seen worse. You think they going anywhere?
Good question, what I meant by the least upbeat 8 k I ever read about chances of success. They all but made your statement
8k. Certain health care to be delivered by kalo. Some more info would be helpful for potential investors. Does kalo have any proven health care programs? Why would Ethiopia use them with no previous venture successes??????
8k is in! They finally have a signed agreement with country of Ethiopia. Which is positive but it is perhaps the most negative forward looking, warning, 8k I have ever read. Lol
What up with KALO? Been volume last few days
Pink No Information
Company is not current in its reporting obligations under Section 13 or 15(d) of the Exchange Act.
Delinquent SEC Reporting
https://www.otcmarkets.com/stock/KALO/security
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Kallo, Inc. (KALO) leverages a suite of technologies to improve the quality and efficiency of care in the $6.3 trillion global healthcare industry. Offering centralized, congruent solutions that attend healthcare and business issues, the company addresses the needs of hospitals, ministries of health, physicians, and other healthcare organizations.
As a result of an expanding and aging population, coupled with an increasing number of people suffering from chronic diseases and lifestyle related conditions, healthcare expenditures continue to grow. Kallo is focused on introducing new healthcare technology that helps contain costs, enable better methods to monitor/treat medical conditions, and increase the reach of healthcare providers to remote areas.
The tailored solutions offered by Kallo complement existing infrastructure, workflows, and processes, increasing both uptime and productivity. The company’s suite of products complies with international, national, and regional standards, and its stringent quality control ensures repeatable, process-driven delivery for maximum performance.
Kallo’s executives and directors bring rich and diverse industry knowledge. Collectively, the management team reflects the strength of the company’s global network and the diversity of its global culture. The team’s entrepreneurship, passion, experience, and knowledge of healthcare enable Kallo to continually deliver higher standards.
Investment Highlights
Solutions
Powerful Portfolio of Technologies Address Global Healthcare Concerns
Kallo’s tailored solutions provide efficient delivery of healthcare services. The company’s technologies complement existing infrastructure, workflows and processes increasing uptime and productivity. All of Kallo’s clinical solutions are in compliance with international, national, and regional standards. The company’s stringent quality control ensures repeatable, process-driven delivery for maximum performance.
!ntegraat
!ntegraat enables any medical device to connect to any EMR, PACS, HIS, RIS, PIS or DI-r, providing a seamless flow of information and data that ensures clinicians have all the needed information to provide patients timely and effective healthcare.
Kallo MobileCare™
Kallo MobileCare™ is a comprehensive solution for remote and unreached communities. These mobile clinics are fully equipped with best-in-class medical devices and congruent information systems enabling the centralized coordination of resources and communications through Administration Centres.
The Clinical Command Centres provide support from medical specialists for complex cases through HL7, DICOM, HIPAA (among others) compliant information & telemedicine systems.
Kallo MobileCare™ is deployed with a full training program for ultimate adoption success incorporating medical and technical best practices from across the globe.
[To view animation of this mobile clinic experience, click here http://www.kalloinc.ca/mobileCareTM.aspx]
Kallo Rural-Care MRHDS (Modular Rural Healthcare Delivery Systems)
Kallo Rural-Care MRHDS are pre-fabricated, pre-tested, modular and project determined medical clinics. They are installed with the latest medical equipment from X-Ray and ultrasound to surgery, lab and pharmacy equipment. Based on project requirement, these clinics range from 1200 to 3800 square feet, and can be implemented in rural or disaster-struck areas in a week.
These medical clinics are prefabricated to include a patient exam room, operating room, imaging room, laboratory and dispensary. The staff quarters features a kitchenette, laundry and shower.
[To view animation of this mobile clinic experience, click here: http://www.kalloinc.ca/ruralcare.aspx.]
CygnaMed™
Globalization, inexpensive travel, high treatment costs, long wait times and lack of access to medical facilities have fuelled Medical Tourism to an approx. $25 billion industry. Producing stronger revenues than traditional tourism, Medical Tourism is attractive for many countries seeking to expand economic benefits.
oHealth
oHealth provides the infrastructure, technology, training and support to seamlessly integrate with any clinic, laboratory, specialty, hospital, repository or regional and national Health Information Access Layer (HIAL).
Keristää™
Keristää is software developed for the collection, integration and communication of clinical information in emergency conditions. The software enables close and instantaneous monitoring of infectious disease outbreaks. Keristää detects and identifies threats at various ports of entry and alerts the Centre for Disease Control/Ministry of Health. Utilizing this data, the software provides physicians the ability to ensure that treatment is based on latest CDC & WHO protocols.
Market Opportunity
Global Expenditures for Healthcare Above $6.3 Trillion, U.S. Leads Spending
The global healthcare system is increasingly overburdened with rising numbers of people suffering from chronic diseases and lifestyle related conditions. Due to an expanding and aging global population, healthcare expenditures continue to grow.
The U.S. devotes far more of its economy -- 17.6 percent of GDP in 2010 -- to health than any other country, according to the most recent report from the Organization for Economic Co-operation and Development (OECD).
As budgets tighten and costs rise, developments in healthcare technology help contain costs, contribute to the development of better methods to monitor/treat medical conditions, and increase the reach of healthcare providers to remote areas.
Kallo’s suite of products - including four copyrighted technologies - is positioned to serve this growing medical technology sector. Through innovation, telecommunication, technology and Total Quality Management, Kallo enables a seamless flow of information/data providing clinicians with all needed information to provide patients timely and effective healthcare.
In providing these technologies, the company has secured the opportunity to participate in several multi-billion dollar market segments.
Management Team
The members of Kallo’s management team have rich and diverse industry knowledge, delivering an unprecedented level of commitment and value to the company’s customers and shareholders. These remarkable people reflect the strength of Kallo’s global network and the diversity of its global culture. They have a special responsibility to act with integrity, accept accountability, insist on excellence, support innovation and lead by example.
JJohn Cecil - Chairman and CEO, Member of the Board of Directors
With a Bachelor’s degree in electrical engineering, a Master of Science degree in biomedical engineering and a Post Graduate Diploma in medical equipment technology, John Cecil has been in the healthcare industry for 26 years. He is responsible for the invention of the technology and procedure behind depth-of-anesthesia monitoring and non-invasive blood group testing, and was part of the research team that developed the electro-hydraulic shockwave lithotripter, laser lithotripter and transurethral microwave therapy systems. Following a distinguished career, holding such positions as vice president and director with major players in India including GE Medical Systems and Majoris Systems, Cecil immigrated to Canada in 2003 to continue his research and work on several products he is developing. Since then, he has served as director of healthcare with leading software services provider Satyam Computer Service Ltd. and senior healthcare solutions architect with Sun Microsystems. In April 2009, Cecil made the decision to devote his efforts exclusively to the development of a series of breakthrough technologies he has been working on, which are built for use in healthcare management.
Samuel R. Baker - Secretary and Legal Counsel, Member of the Board of Directors
Samuel R. Baker, Q.C., B.A., L.L.B., has been in the legal field for 48 years. He is a senior partner with Baker Law Firm, has provided legal counsel to numerous Fortune 500 and other multinational corporations, and is a founding member and Canadian representative to the Asia-Pacific Lawyers’ Association. He is also the director of the Canada-Netherlands and Canada-Finland Chambers of Commerce, and is the president of the Canada Scandinavian Business Association. His fellowships include: Teaching Fellow (Stanford 1962-63), Alberta Bar (1962), Ontario Bar (1966), and Fellow, Patent and Trademark Institute of Canada (1982). Baker is the author of books and articles on international transactions, joint ventures, technology transfers, establishing a business in Canada, among many other subjects.
Lloyd Chiotti – Member of the Board of Directors
Lloyd Chiotti holds an engineering degree and an MBA, both from the University of Toronto. He has worked with Enbridge Gas Distribution (formerly The Consumers Gas Company) for over 30 years. Over the course of his career he has held a number of senior management positions including director of Information Services and a number of regional general manager roles within operations. Most recently he was appointed to the newly formed position of director, distribution asset management, responsible for overseeing the development of Enbridge Gas Distribution’s Strategic Asset Plan. He is actively involved in the natural gas industry. He is currently the dhair of the Asset Management Task Force of the Canadian Gas Association and he is a member of the Distribution Working Committee of the International Gas Union. Throughout his career he has also served on the boards of a number of not-for-profit organizations including: president, Alternative Computer Training for the Disabled; chair, United Way of Peel Campaign 1992; chair of the Board, West Park Healthcare Centre Foundation; vice-chair of the board, Junior Achievement of Toronto; and chair of the board, Toronto Mendelssohn Choir.
Dr. Marion Lyver: Chief Medical Officer
Dr. Lyver is an emergency medicine specialist physician in the US and Canada, a seasoned healthcare / eHealth consultant and a Certified Professional in Healthcare Information and Management Systems (CPHIMS-CA - through COACH Canada and HIMSS US). She is an Associate Clinical Professor and PT Faculty member in the Department of Family Medicine at McMaster University and has a cross-faculty appointment with the Master's in eHealth program at McMaster. She earned her Bachelor of Science degree and her MD from Memorial University of Newfoundland and subsequent specialty certifications in Ontario and the US." Dr. Lyver is a well-respected and sought after physician and medical informatics expert. She has worked on a variety of successful projects for organizations such as Canada Health Infoway, the Canadian Institute for Health Information, Ontario Ministry of Health (MOHLTC), eHealth Ontario and for many national and international private sector firms. She is also an appointed or elected member of working groups or committees with several international organizations including ISO TC215 (health informatics standards), IHTSDO (clinical terminology) and the Royal College of Physicians & Surgeons (Canada) (Innovation & Technology sub-committee) and has served on the Board of COACH (Canada's Health Informatics association) and Canada Health Infoway's standards governance committees."
Kallo, Inc. |
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http://www.itdtrailers.com/email/index.html
We are very proud to have been awarded a contract for more than $50M from Kallo Inc, to manufacture Kallo Specialist Care Hospital & Mobile Care Clinics for the Republic of Guinea.
Kallo Inc. is an industry leader in global healthcare, improving the quality and efficiency of care with solutions for ministries of health, hospitals, physicians & other healthcare organizations.
To meet the demands of our new partnership with Kallo, and to continue delivering exceptional quality and service to our valued partners, ITD will be relocating to a new facility in the coming months.
Thank you for your continued partnership and for choosing ITD. We look forward to providing updates on our new facilities.
Sincerely,
Benny Di Franco
President
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http://ghc-ca.com/ghana-mission-receives-boost-in-investor-confidence-as-high-commissioner-gariba-meets-the-leadership-of-potential-investors/
GHANA MISSION RECEIVES BOOST IN INVESTOR CONFIDENCE
AS HIGH COMMISSIONER GARIBA MEETS
THE LEADERSHIP OF POTENTIAL INVESTORS
The Ghana High Commission in Ottawa has stepped up efforts to increase Ghana’s visibility, and in particular, encourage investors in strategic sectors of the Economy of Ghana. This was manifested in separate events when two different potential investors at the Ghana High Commission in Ottawa.
On Wednesday October 5th, 2016, senior executives of the Desjardin International Development, a Quebec-based international development company paid a courtesy call on H.E. Dr. Sulley Gariba, to follow -up discussions on potential investment in Ghana’s agricultural financing sector. Their visit represents a follow-up on discussions between DiD and Ghana’s Minister of Finance, Hon Seth Terkpe, on prospects of collaboration in implementing Ghana’s EXIM Bank.
On Thursday October 6th, His Excellency Dr. Sulley Gariba received the leadership of Kallo Inc., a Canadian health services company, at the Ghana High Commission. Kallo Inc. is a Canadian and American based company, which is committed to offering a technologically advanced healthcare solutions to countries, particularly through rural healthcare. During the meeting, Mr. John Cecil, Chairman and President of Kallo indicated that the company has had long-standing experience working with the Ghana Health Service to combat Child and Maternal mortality in Ghana. He further noted that the company is currently poised to make substantial investments in undertaking innovative aspects of the President’s priority projects under the CHIPS Compounds initiative of the Government. On his part, His Excellency Dr. Sulley Gariba expressed hope that the proposed project when approved by the competent Ghanaian authorities, would facilitate better healthcare delivery that can easily be assessed by millions of Ghanaians in the rural areas and as a result, considerably reduce the cost and stress of travelling to far places to seek medical attention. Present at the meeting were the Mr. Lloyd Chiotti, Executive Vice President and Mr. Samuel R. Baker, Secretary and Member of the Board of Directors.
Mobile Clinics and Remote Access will Bring Medical Attention in Real Time
http://www.ibm.com/news/ca/en/2015/02/05/f692657d69299y50.html
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