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KIOR class action law suit in play, if you owned this you might want to review your doc's from your broker
;O)
Finally sold last week it looks like its toast.
KIORQ SEC Litigation:
https://www.sec.gov/litigation/litreleases/2016/lr23655.htm
Looks like she's gone!
RIP KIOR we'll see ya on the backside
Sorry bro, never get into this cancel shares before. Just saw the tix on otce.
OK, thanks. I always thought they left worthless stock in people's account under weird names to let people know what happen to their stock. Also, I know they charge people to remove worthless securities from their account.
You are not sure if the shares are being replaced? Thanks
Not sure... If cancelled then you don't have shares... Imo
I don't own any shares in kior but when shares get cancelled wouldn't it still show up in one's account under weird numbers and such? You have to asked/pay them to remove it from your account, right? Is the cancelled shares being replaced with new shares for kior?
Which news source is that from? Can you post the link?
08/31/2015 16:52:56 09/01/2015 00:00:00 KIORQ KiOR, Inc. Class A Common Stock Other OTC Bankruptcy Plan Effective/Shares Cancelled
For some weird reason though, my position in KIORQ has disappeared from my portfolio.
150K shares where bought today can anyone tell me why? Selling it's self back to Khosia. I read somewhere equity was toast but why would someone waste a few bucks on a worthless company?
HUH?
kiorq BIOeCON: Biofuels Digest’s 2015 5-Minute Guide
April 26, 2015 | Jim Lane
BIOeCON is a Dutch start-up R&D Company, founded in 2005, with the vision and goal of developing cost-effective technologies to convert lignocellulosic biomass into fuels and/or chemicals.
Within 5 years BIOeCON invented and patented 2 novel breakthrough technologies: Biomass Catalytic Cracking (BCC) a gas phase catalytic pyrolysis process which is the basis for the KiOR process, and a liquid phase solvent dissolution process which uses an inexpensive, recyclable solvent to dissolve and break down biomass waste into components suitable for the conversion to fuel components and chemicals.
Over the last 5 years BIOeCON has been developing the liquid phase solvent process in a joint development cooperation with PETROBRAS SA. An interesting application of the technology is the conversion of (hemi)-cellulose into sugars, which can be further converted into ethers for the production of fuel additives.
New routes under development by BIOeCON enable the conversion of solvent dissolved biomass sugars into ethanol and the conversion of dissolved biomass into zero oxygen containing “green” hydrocarbons.
Up to now the only large scale production route of “green” hydrocarbons as drop-in fuels is via the hydrogenation of triglycerides (vegetable oils) and fatty acid wastes via processes like NESTE’s NExBTL process. However the volume and supply of triglycerides and fatty acid wastes is rather limited and so the real challenge is to convert larger waste streams such as bagasse, sugar cane straw, palm waste and/or wood wastes. BIOeCON’s biomass solvent conversion technology now opens up new routes to do this.
Business
Developing technology to enable the economical conversion of biomass wastes into higher value fuels and chemicals.
Model
BIOeCON strives to be a Technology provider, licensing out the developed technology once the technology has been demonstrated. Partnerships with strategic partners are being pursued.
The Situation
The execution of the first phase of the technology development program (called “BiCHEM Technology”), as defined in a Joint Development Agreement between BIOeCON and PETROBRAS, started in 2010. This phase included exploratory research to validate the process on laboratory scale and was carried out at the High Tech Campus in Eindhoven, The Netherlands. After completion of this first phase, by the end of 2012, the BiCHEM R&D center moved to a new and larger research facility at the center of Eindhoven to continue with phase II, which has the purpose of bringing the technology to the pilot plant scale, which will be concluded by the end of 2015.
With the continued development of BIOeCON’s liquid phase solvent process new technological opportunities have emerged and BIOeCON is presently studying several new processing schemes and valorizing the products. To continue these technology developments BIOeCON is looking for partners that are interested in the conversion of biomass waste into bioethanol and/or “green” hydrocarbons/drop-in fuels
Past milestones
BIOeCON started her breakthrough research on biomass conversion in 2006 at the Universities of Twente, Delft in The Netherlands and Valencia, Spain. The Catalytic pyrolysis technology (Biomass Catalytic Cracking) was developed in Twente and Valencia, while the liquid solvent concept was further developed at the University of Delft.
In 2007 BIOeCON and Khosla Ventures formed KiOR, which continued the R&D, development and commercialization of BCC technology concept. Since 2010 BIOeCON has not been technically involved in this process anymore.
In 2010 BIOeCON setup a joint development with PETROBRAS and founded the BiCHEM laboratory in Eindhoven. From 2010 till end 2012 the process was researched with model feeds, while from 2013 onwards the process was further evaluated with real feedstocks using pilot plant equipment. An important breakthrough was the development of a new separation process to easily separate the dissolution products, such as sugars, from the applied solvent.
Future milestones
The next milestone to be reached by the end of 2015 is the further evaluation of various new processing schemes and potential products enabled by the latest developments in the technology.
BIOeCON is in search of partners for the further scale-up and commercialization of this interesting technology.
Kior plant is not part of BK if it sells we shareholders could see a pay out from the plant sale as most debt will be wiped clean thru chap 11 but Kior still owns the plant patents and such ..NOTHING IS SET IN STONE TILL THE JUDGE SAYS more to gain than lose at this point ..Shorts attacked this stock with over 88 percent still held by insiders ..a share price that as big support down here there to many factors driving this to shoot above a penny ..picking some up slow but steady under a penny
too bad thy went bankrupt.... lost a lot of money on this one. They had great plans but failed to commercialize due production problems...
Bill gates ant koshla were vested in this. This was no scam...
http://dm.epiq11.com/KOR/Docket
DOCKET 453 has offer details ..
what is the link for it?
thanks
NIHDQ chart then go look at KIOR chart ..Then go see what they do KIOR has value in them patents and plant over79% float is locked down KIOR had 20 bids from serious buyers just none formal>>Lets see what plays out Very rare Judge could order KIOR to give KIOR common shareholders ratio split 100 to 1 ect in new KIOR Chap 7 plays out or chap 11 AUG31st could bring a new buyer for plant You just never know with such break through tech and oil price volatility and still 70 employes and A demo plant R&D continuing
10-20 cent mark Imo is doable if we get any sign of good news MEGA BOOOM IF bad it aint ever coming back for us commons
The transcriber has requested a standing order for all hearings in this case for the period 3/9/2015 to 3/23/2015. To obtain a copy of a transcript contact the transcriber eScribers. Telephone number (973)406-2250. (GM)
Moved to March 19th ..but02/20/2015 | 07:21am US/Eastern
By a News Reporter-Staff News Editor at Journal of Engineering -- According to news reporting originating from Alexandria, Virginia, by VerticalNews journalists, a patent by the inventor Lin, Ronny W. (Sugar Land, TX), filed on July 13, 2010, was published online on February 10, 2015.
The assignee for this patent, patent number 8952210, is KiOR, Inc. (Pasadena, TX).
Reporters obtained the following quote from the background information supplied by the inventors: "The present invention relates generally to the treatment of bio-oil. More specifically, the invention concerns processes and apparatuses for removing undesirable solid components from bio-oil.
"With its low cost and wide availability, biomass has increasingly been emphasized as an ideal feedstock in alternative fuel research. Consequently, many different conversion processes have been developed that use biomass as a feedstock to produce useful biofuels and/or specialty chemicals. Existing biomass conversion processes include, for example, combustion, gasification, slow pyrolysis, fast pyrolysis, liquefaction, and enzymatic conversion.
"Many of the existing biomass conversion processes produce bio-oils containing small residual solid particles. Such bio-oils may require filtration in order to remove these residual solid particles. Since the residual solids often contain fine particles of less than 30 microns in size, fine-scale filters are required. Most filters capable of removing residual solids from bio-oil are rapidly clogged by gelatinous-type solids found in bio-oil. This rapid clogging can cause residual solids filtration methods to be expensive and challenging to scale up.
"Accordingly, there is a need for an improved and 'green' process and system for removing residual solids from bio-oil."
In addition to obtaining background information on this patent, VerticalNews editors also obtained the inventor's summary information for this patent: "In one embodiment, the present invention is directed to a bio-oil treatment process comprising the steps of (a) coating a porous filter element with particles of a biomass filter aid to thereby provide a coated filter element and (b) passing an initial bio-oil having a liquid phase and residual solids through the coated filter element. During step (b), a substantial portion of the residual solids are retained by the coated filter element, while substantially all of the liquid phase passes through the coated filter element to provide a filtered bio-oil.
"In another embodiment, the present invention is directed to a bio-oil treatment process comprising the steps of (a) combining particles of a biomass filter aid with an initial bio-oil having a liquid phase and residual solids to thereby provide a pre-filter mixture and (b) passing the pre-filter mixture through a filter element so that a substantial portion of the residual solids and biomass filter aid are retained by the filter element, while substantially all of the liquid phase passes through the filter element to provide a filtered bio-oil.
"In a further embodiment, the present invention is directed to a biomass conversion system comprising a biomass feedstock source for providing solid particulate biomass, a splitter coupled to the biomass feedstock source that is operable to split the solid particulate biomass into a biomass feedstock fraction and a biomass filter aid fraction, a conversion reactor for thermally converting the biomass feedstock fraction into an initial conversion product, a residual solids separator for removing residual solids from at least a portion of the initial conversion product, a biomass feed system for transporting the biomass feedstock fraction from the splitter to the conversion reactor, and a biomass filter aid transport mechanism for transporting the biomass filter aid from the splitter to the residual solids separator.
"Using biomass as a green filter aid makes it feasible to recycle the spent biomass filter aid for bio-oil production and/or as a combustion heat resource instead of waste disposal as with a conventional filter aid."
For more information, see this patent: Lin, Ronny W.. Solids Removal from Bio-Oil Using Biomass Filter Aid. U.S. Patent Number 8952210, filed July 13, 2010, and published online on February 10, 2015. Patent URL: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8952210.PN.&OS=PN/8952210RS=PN/8952210
Keywords for this news article include: KiOR Inc.
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2015, NewsRx LLC
(c) 2015 NewsRx LLC
02/20 KIOR : Patent Issued for Solids Removal from Bio-Oil Using Biomass Filter Aid
02/11 KIOR : Assigned Patent
01/26 KIOR : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
01/23 KIOR : Patent Issued for Process for Preparing a Fluidizable Biomass-Catalyst Co..
01/15 KIOR : Researchers Submit Patent Application, "Method of Rejuvenating Biomass Co..
01/12 KIOR : says Miss. seeks to destroy it in court ploy
2014 KIOR : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
2014 KIOR : Patent Issued for Use of NIR Spectra for Property Prediction of Bio-Oils ..
More news
and that is this monday we find out?
We could still see cash from Plant sale ..never mind if we get chap 7 thrown out ..to many shorts piled in this is going to explode if court rules chap 11 Monday IMO hate to be short at this point ..Considering the float is still held over 85 percent between insiders .MR V did not sell 1 share neither did other senior holders ..Says in court docs ..Nothing over till its over good action today should see .10 if court goes chap 11 way imo and never forget Texas demo plant and research is on going still..Its a play chap 7 or 11 Judge decides
post: #741 ******************SCAM STAY AWAY!!!********* M0NEYMADE
i amthinking this will bounce at .007 for a while, if it goes higher I am buying, moneybade is bashing too.. another sign..
THERE IS SOMETHING UP WITH THIS COMPANY, may get a nice run when the oil prices go back up... this has way more upside potential.
checking the market cap: 461,709.00
I think it go back up to pennys
Never mind I read this post. So the new question is WHEN do our shares go bye bye if the plan is approved. How much time do we have to dump this POS?
So what is the bottom line regarding our shares. Do they go bye bye?
Class 11 – Equity Interests
Class 11 comprises the Equity Interests as they currently exist in the Debtor. No distributions shall be made under the Plan on account of any Equity Interest. As of the Effective Date, any and all Equity Interests will be cancelled and deemed discharged without any further notice or order.
https://www.scribd.com/doc/250464091/Disclosure-Statement-for-KiOR-Incs-Chapt-Main-Document
Disclosure Statement for KiOR Inc.s Chapter 11 Plan of Reorganization Dated December 15, 2014
https://www.scribd.com/doc/250464091/Disclosure-Statement-for-KiOR-Incs-Chapt-Main-Document
https://www.scribd.com/doc/250464150/Disclosure-Statement-for-KiOR-Incs-Chapter-1-Exhibit-A
https://www.scribd.com/doc/250464167/Disclosure-Statement-for-KiOR-Incs-Chapter-1-Exhibit-B
https://www.scribd.com/doc/250464207/Disclosure-Statement-for-KiOR-Incs-Cha-Document-6-of-6-1
https://www.scribd.com/doc/250464213/Disclosure-Statement-for-KiOR-Incs-Cha-Document-4-of-6
https://www.scribd.com/doc/250464193/Disclosure-Statement-for-KiOR-Incs-Cha-Document-6-of-6
Chapter 11 Plan of Reorganization (KiOR Inc.s Chapter 11 Plan of Reorganization) Filed by KiOR, Inc. 12/15/14
https://www.scribd.com/doc/250463640/Ch11-KiOR-Inc-Chapter-11-POR
KIOR changed to KIORQ, bankruptcy:
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/10/2014&mkt_ctg=NON-OTCBB
KIOR CH 11 Information...
http://dm.epiq11.com/KOR/Project
Court Docs....
http://dm.epiq11.com/KOR/Docket#Debtors=5646&RelatedDocketId=&ds=true&maxPerPage=25&page=1
Doesn't matter. Whoever buys this at 363 sale will wipe out present shareholders and issue newco for the emerging entity to the largest creditors.
Item 1.03 Bankruptcy or Receivership.
On November 9, 2014, KiOR, Inc. (“KiOR”) filed a voluntary petition for relief (the “Bankruptcy Filing”) under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) Case No. 14-12514 (the “Chapter 11 Case”).
All documents filed with the Bankruptcy Court are available for inspection at the Office of the Clerk of the Bankruptcy Court or by visiting http://dm.epiq11.com/KiOR.
KiOR will continue to operate its businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. KiOR Columbus LLC (“KiOR Columbus”), KiOR’s wholly-owned subsidiary, is not a party to the Chapter 11 Case.
KiOR currently intends to seek approval from the Bankruptcy Court for an auction and sale of its assets under Section 363 of the Bankruptcy Code.
When this Stalking Horse is over and most likely the largest creditor takes over the company all common shareholders will be wiped out.
At that time they will issue Newco stock for the emerged entity.
CEO Richard Heddle of PTOI, which is a company in the same <sector> has set himself up the exact same way to steal the assets and company from shareholders when he takes that route of Ch 11 in the near future.
Yeah not to mention *generational wealth*!!
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Pasadena, Texas based KiOR, which has developed technology to convert sustainable non-food biomass, such as agricultural and wood wastes, into a hydrocarbon-based biofuel secured an additional $100 million finance.
The company said that the funds, which include a $15 million dollar investment new investor Gates Ventures, an affiliate of Bill Gates from Bill Gates, will support the expansion of production capacity at its facility in Columbus, Mississippi – known as the Columbus II Project.
According to KiOR, once completed with the planned technology enhancements for both Columbus facilities, the Columbus II Project is expected to achieve overall positive cash flow from operations.
In the first private placement, KiOR (NASDAQ: KiOR) has received $85 million of committed equity related financing from Khosla Ventures III, and various other Khosla entities.
In the second private placement, KiOR has received $15 million of committed equity financing from Gates Ventures.
"This equity financing completes what we currently believe will be the last equity portion of the Columbus II Project, which we believe, will facilitate the ability, with the remainder of our currently anticipated project financing requirements, to achieve positive cash flow from operations sometime in 2015," explained Fred Cannon, KiOR's chief executive officer.
Accelerated development
According to Cannon, the company also expects that expanding capacity at Columbus will derisk project execution and allow it to showcase its R&D advances at scale much quicker and will enable it to quickly order long lead time equipment for the project.
The CEO added that the combination of continuous improvement and R&D advancements that the company has seen at its research scale facilities in Pasadena, may allow its existing Columbus facility to increase its targeted nameplate processing capacity to over 600 bone dry tons of feedstock per day before the end of 2014.
The company is also confident of making good progress towards its long-term target yield of 92 gallons per bone dry ton of biomass and still plans to continue to develop its standard scale commercial facility in Natchez.
Backing a winner?
Venture capitalist and co-founder of Sun Microsystems, Vinod Khosla explained independent reports on the assessment of the technology were reviewed and significant due diligence was conducted prior to committing to the investment.
“I believe that KiOR's technology for production of cellulosic biofuels can not only serve as the foundation for a successful and sustainably profitable long-term business but can also scale because of the hundreds of saw, pulp and paper mills that have been shut down and have local feedstock available,” he said.
“I expect, as the technology matures over the construction and operation of multiple facilities, it will achieve cost parity with many traditional oil sources such as new deep offshore projects and oil sands, without subsidies
KIOR - As of 05/23/14, 01:23:24 AM: 38 Insider Transactions. Sector: Oil & Gas Industry: Oil & Gas Refining & Marketing Prev Close:$0.44 Avg Vol(3m): 1,664,250 P/E: 0.00 EPS: -3.20 | ||
Buy/Sell* | Filed Date | Subject | Symbol | Acquirer | Pct Owned | Details |
B | 2014-04-14 16:35:26 | Kior Inc | KIOR | Gates Ventures | 24.7% | view |
B | 2014-04-10 16:45:06 | Kior Inc | KIOR | Khosla Ventures II | 64.7% |
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