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,

I knew Cecil, and he is a slippery kind of guy.
He covers his tail very well;
it would be hard to pin anything on him.
At best, somebody else would be thrown under the bus.

FYI
255 Duncan is not really a functional office for Kallo.
It is the only business address available for Kallo's inner circle, and is little more than the law office for Samuel, the company lawyer.
He has a separate law practice, and is lending this office desk so that Kallo actually has an office for registration purposes. Nobody else can be tagged with the Kallo fraud if there are no other formal addresses.
Lloyd is the biggest invester, dollarwise, but he might have recovered it with all the shenanigans Cecil has pulled off.

Never left.
Just depressed with the never-ending payments on this turkey.

Just once I'd like to hear some good news.
Cecil appears to be enjoying his ill-gotten 'wins'

Well, it could be her.

But only if Cecil himself was running for a Ghana office.
THEN his *wife* would be the first lady of Ghana.

Until then, this will continue to be JUST his wife.

No, she's just the lucky recipient of daddy's activities.
She WAS in med school; not sure which year.

No, that is his daughter

$350k??

Wow.
I thought I had it bad.
Hope you're able to absorb that kind of hit.

In most small companies (such as Kallo)
management usually keep the chequebook under lock and key.
This WAS the case at Kallo.

I highly doubt 'junior accounting staff'; the company doesn't have enough money, sales, or complexity to justify more than one, possibly two, employees in accounting. It would be virtually impossible for this to happen.

Cecil was functionally acting as the central authority on all finances, but that would have changed during the time where they did have a CFO.
Generally, Teflon John does not allow things to stick to him.

And 'more important things'? rrrriiiiight. Sales maybe? ;)

And if the board has a majority of the shares, it becomes much easier to close off any 'investigation'. 'Investigation' is the word that outsiders will be looking at, and they know how to close doors at their convenience.

Fraud?
Yup.
No proof, but yup.

The things to keep in mind re: Kallo:

1) I haven't checked recently, but if I remember from a while back,
the f/s are not audited; feel free to correct me on that.

2) Kallo has no revenue. Nothing has *ever* been booked. Much has been promised, but NOTHING has been booked.

3) Cecil made sure to include a disclaimer (even when there was hope) to the effect of "although it's looking good, it is still very speculative". He made sure to cover his butt quite well. it is hard to hold anyone to a infomercial "we are in discussions with potentially 30 countries for our products" statements.

4) Even if something was to stick, it would be very easy to deal with it by blaming departed employees for speaking out of line.

5) Anything personal (or unusual) in 'prepaid expenses' will, at best, be simply reversed. Most Kallo investor decisions were made on the hope of revenue (i.e. greed), not on cost controls. Not difficult to argue that 'prepaid expenses' were not a material misleading statement.

The only valid argument I can envision sticking is regarding insider trading and poor BoD stewardship. They managed to award bonuses, pass self-serving equity transactions at the expense of minority shareholders, provided late filings consistently, and failed to disclose material information (i.e. when the possibility of a signed contract drops to zero).

I would love to see the SEC do an investigation, but I'm not holding my breath.

He once borrowed $5k which he was willing to forget.
I however managed to get that back.

He did manage to get me to invest $80k,
which I cannot fault anyone but myself.

Still paying it off...

Only if you could prove it.
Very slippery people.

*Everything* they do at Kallo is planned.

All is common knowledge within Kallo.
Rajni Kasset [FE] is a good friend of former president Vince Leitao.
He was originally brought in for financing purposes.

Their origin is nebulous;
Cecil said that he owned them, and I never questioned it.

He HAS benefited from them in the past i.e. pre-Kallo.

The fact that nothing has materialized even in the smaller market segments that were targeted (a long time ago!) leads me to question their value.

Although they was part of his equity contribution, they haven't translated into money. They MIGHT be worth something to him if he goes back underground, selling small systems on a door-to-door basis. Hard to say.

But if they have been written off by Kallo, he picks them up again for a song. He has my original financial plan, and will likely have it updated by some other sucker, And likely try again thru another shell.

He will need financing, technical, project management, admin - I have no idea as to how he will do it, as he has burned a lot of bridges over the past.

My 2 cents worth.

I appreciate your thoughts.
I see it as part of the past.

The LOC, however, still needs to be painfully repaid.
It will continue to remind me of the Cecil gamble.

He has personally cost me a lot of $$;
I would be happy just to get back what I've lost.
I should have known better.

I first put his financial plan together almost 10 years ago.

Sadly, many things have changed since then.

Prepaid expenses are a great way to get 'compensation' without it going thru payroll. Plus it can be for virtually anything i.e. prepaid car lease, insurance, etc. There could be ANYTHING in that amount. If your core officers make up the board, you can change the rules without anybody else's approval. Just simply do it.

I am very disappointed in not seeing thru the shenanigans a long time ago. I was looking thru rose coloured glasses, and likely, greed. The biggest difference was that I wouldn't have done anything at anybody else's expense; I am willing to take advantage of situations, but I don't take advantage of others.

Live and learn, I guess.

He did quite a snow job on me when I first met him.

I had really thought he was going to deliver.

Live and learn, I guess.

Now that the s/w is worthless,
Cecil can buy it from the company for nothing.

hmmmm....

https://finnewsweek.com/kallo-inc-kalos-stc-running-higher-in-consecutive-sessions/765444/

I noticed that the address is still on Duncan Road, Samuel Baker's legal office.

I am surprised that RJ has not moved it to his own office(s).
As the owner of pharmacies, surely he would try to consolidate simple costs.

Just curious....

You have to wonder on what public information FE Pharmacy made it's decision on.

A cynic might think that all common minority shareholders were being flushed out of the system by simply rotating management, and wiping out all debt, giving a clean start to the same startup folks.

Nobody is going to pop in millions into a company UNLESS they had reasonable assurance of a major return. If there has been developments on the sales side, should we not know about it?


/end of frustration rant.

I would not bank on him.
I met him when he first became involved with Kallo;
Very much motivated by his own interests.
If others benefit, it is likely incidental, and not planned.

I would love to be proven wrong, but I have my doubts.

My point was that ALL Exchange activities cost money;
Why spend that money unless there a cause moving forward?

There must be something in it for Rajnie, else why are they making an effort to be current? Is he to be the new CEO, Cecil the new second in command, and this is just a way of getting rid of the dilutive factor from all minority shareholders?

Conspiracy theory, yes I know....

June 2017.

Much more than I had expected.

For me, the question is : why?

Unless there are plans into the future,
why would anyone spend the money
to get current with the Exchange?

I noticed their address is now 225 Duncan Mills Road.

This is actually the office address for Samuel Baker,
who continues his private law practice.
Yes, I've been there, and
No, there is no space for a second company on that floor.

In other words, it is nothing more than a mailing address.

https://seekingalpha.com/filing/3765767?uprof=45

Haven't read it yet, but the closing paragraph is

CERTIFICATION PURSUANT TO
18 U.S.C. Section 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Kallo Inc. (the "Company") on Form 10-Q for the period ended June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the "report"), I, John Cecil, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated this 14 th day of November, 2017.

JOHN CECIL

Chief Executive Officer and Chief Financial Officer

I don't understand.

Why is he considered to be a "New employee addition to KALLO"
if he has been with the company for 14 months?

Or was that as a contract/consultant?

It hasn't been updated for their new address to Duncan Mills

The address they are using is 225 DUNCAN MILL ROAD in North York.

That is the office of Samuel Baker's legal practice.

For the curious...

The Ask is 0.2501

Load up!

Another $60 worth in future hopes.

Not sure;
haven't been in the area for a while.
I was referring re: Savers Drug Mart.

I will drive up to Markham one of these days
to take a look around, at least from the outside
(unlikely they will let me back in!)

Believe it or not,
I went in there about 3 weeks ago for directions!

Don't know what to say;
I did not see it a while back,
and assumed they took it down.
I found it encouraging to see it back.

It is not listed as much as demo'd.
The Kallo / mobile clinic video is back.

Sage,

As you know,
I've been here from the beginning (sadly!), but
there is many encouraging signs starting with DeWarsBro's email DD.

A reestablished relationship with ITD is quite a major step forward,
and helps confirm there is more than mere smoke in these embers.

Thanks for the update!