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We are here because the price will go up. Let us have our gains and bet please...
I mean...wouldn't the note holders "hold off" on the dilution of they believed KALO was going to be receiving funding anytime soon?
And yes great summary. I am also very skeptical about this penny stock
CEO George strouth still tweeting with no care in the world.
Dilution taking place. But it will probably take longer to get to subs at this rate.
How do you know they will only get 5-10 cents?
2020
Exactly...to all your points
KALO is still only watch list worthy.
I think you did what was right.
A stock worth .015 claiming they will be received 1 billion in funding is a big leap.
Yes. They need to get the promised funding from one of the countries. So that KALO can pay off their notes and get the ball rolling with their business plan.
Have a problem at myecheck?
Better call Saul!
Very nice letter in my opinion.
It's true it's much more complex. I think 2016 will look nice
December 11. The current dilution isn't even done yet.
The next note due for dilution is the October one.
Exactly.
There's already a million kinds of payment apps. There's no big reason for customers to switch or even care about emobile.
Apple customers will stay with apple and etc with the rest.
But I thought that doesn't matter right? Because what MYEC offers is the "backend technology" of faster transactions.
So then why even bother making an app?
Why not just focus on what MYEC is supposedly good at? The faster transactions?
I would just go after big banks and financial institutions.
What ever happened to bank of Kentucky?
And we are now all of a sudden steered to an app, and vague Africa signing.
I owned 5 thousand worth but then sold once I saw how many notes were due. And that was when it was at .04 cents. Good thing I did too.
In my opinion KALO has a great thing going but it's gonna take longer than we think.
And I think they need WAY more capital than they think.
It was mine.
Here you go:
75% of average of the previous two lowest trading
days over the last 15 trading days
Promissory note of $40,000
8%
December 11, 2015
75% of average of the previous two lowest trading
days over the last 15 trading days
Promissory note of $100,000
10%
December 21, 2015
65% of lowest trading day over the last 15
trading days
Promissory note of $100,000
12%
July 8, 2015
55% of the lowest trading price over the last 20
trading days
Promissory note of $50,000
8%
October 5, 2015
60% of the lowest trading price over the last 15
trading days
Promissory note of $87,500
8%
January 15, 2016
70% of average of two lowest closing bid price
over the last 15 trading days
Promissory note of $66,667
12%
February 3, 2016
60% of the lowest trading price over the last 25
trading days
Promissory note of $55,000
10%
February 12, 2016
63% of the lowest trading price over the last 25
trading days
Promissory note of $38,889
8%
December 18, 2016
65% of the lowest trading price over the last 20
trading days
Promissory note of $50,000
12%
February 3, 2017
65% of the lowest trading price over the last 25
trading days
During the quarter ended March 31, 2015, at the commitment dates, the initial fair values of the embedded conversion feature for the new convertible promissory notes were estimated at $782,310 and recorded as derivative liabilities, resulting in a Day 1 loss of $375,682. On March 31, 2015, all the derivative liabilities were valued at $1,035,028 which resulted in gain in a further gain in fair value of $83,672 for the period ended March 31, 2015. The original issue discount for the new convertible promissory notes was $41,428 and $406,628 was allocated to the embedded derivative liabilities. The debt discounts are amortized over the terms of the respective Notes and were $526,949 at March 31, 2015 resulting in net finance charge of $169,932 for the period ended March 31, 2015 included in the consolidated statement of operations. The fair value of the embedded conversion feature is estimated at the end of each quarterly reporting period using the Black Scholes model.
Outstanding Shares 419,243,900 a/o May 14, 2015
as of today: over 530 million.
over 100 million shares diluted and entered into the outstanding count. Cant deny the facts.
alot of selling is why it has declined.
facts beat hunches. Subpenny here we come.
Are we going to blame shorting all the way to triple 0 too? .0001
"We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop, or expand our operations. Equity financing could result in additional dilution to existing shareholders."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10713908
100 million so far, and more to come with notes due and not enough capital raised.
not it doesnt. Authorized shares is different from outstanding shares.
authorized is the authorized amount of shares a company can use to issue to equity purchases/dilute into the market. the outstanding amount has increased by 100 million. You can call the t/a and check for yourself. its a fact.
i never said shorting doesnt exist. besides...a few hundred dollars shorted isnt relevant.
JUST CALLED THE T/A
ITS WORSE THAN I THOUGHT! well logically they have to increase the authorized shares, mathematically it wouldn't add up the new supply of shares.
authorized: 1 billion
outstanding:556,947,623
float: "We dont have the float"
...
You know that makes no sense right? Shorting doesn't explain the volume and increased share count. Nor does it equate to .14-.015 in less than a month.
A greater supply of shares is what makes a decline like this.
Shorting is not the reason NIKE stock goes down, selling is, fundamentals is.
Shorters count on selling. They aren't the selling or the reason for the actual decline.
For christs sake it states "TOTAL DILUTED SHARES" in the filings.
Stop making stuff up.
Ok
It's logical to assume it's taking place.
Furthermore, note holders need certain market makers to sell to the open market. So seeing which marketmakers are on the ask DOES infact help in determining dilution.
There is wholesale marketmakers like NITE, ETRF AND ATDF , and then marketmakers such as VFIN BKRT VNDM and others that perform share selling services for people with unrestricted stock. In this case we can see VFIN (a dilutive MM) selling a lot of shares on the ask. Hence the decline from .14 to .012 in less that 3 months.
so yes market makers do matter.
So the decline from .14 to .012 was because of what? a conspiracy? just coincidence?
Or more likely...the new influx of shares entering the market...?
Just because the company is hiding the float from us, doesnt mean this shouldnt be taken lightly.
391,946,160 as of april 15...
and as of recently...
as of Outstanding Shares 419,243,900 a/o May 14, 2015
Conclusion: there is no doubt its being diluted.
HOW ELSE could it go from .14 to .012 in LESS THAN 3 MONTHS!
???? You obviously have never traded before.
The share count HAS INCREASED. A new share count will be given at q2 showing a big share structure.
That is the whole reason Kallo has been a new all time lows since its recent high share price...
Nothing of what you said is even relevant.
There is a dilutive MM dumping on the ask. I'm talking about the type of MM, not the number of Mm's
It's clear as day there is dilutive market makers on the ask.
FYI your wrong. They dilute at a 55% discount. It's easy profit.
Promissory note of $100,000
12%
July 8, 2015
55% of the lowest trading price over the last 20
trading days
So how do you explain VFIN on level 2 selling?
He's pennystock savvy. >_>
There's plenty we can easily come up with now. None in favor of shareholders though.
Which is common in pinky land.
Maybe 2 million volume total at an average of .015 cents for the passed few weeks?
We can say conservatively $30000 has been diluted. $70000 more to go. Not to mention Theres more notes due on the way.
Not liquid enough to dilute the notes owed. Needs more volume.
VFIN is having a hard time dumping, but they will get the task done eventually.
Itonis doesn't have anything to do with MYEC.
They're just signed to use MYEC's license. It doesn't mean they will be successful. That's on the company.
Marijuana stocks starting to pick up attention.
Now would be the time bobby.
I love the paint down at .0001.
It's easy down and easy to go up with this stock
NCAR, what he is saying doesn't sound crazy at all.
If we know anything about Ed, we know that he does clever accounting tactics.
Remember when the first Q Came out back in 2013, it said huge revenue when infact it was just Ed's salary that he gave to the company and counted it as "revenue"
A 100 thousand dollars worth of shares due to convert, this will easily go to sub penny if we still don't hear anything
We don't want PR's we want actual filings.
Bob just underestimated the time it's taking him. I don't think he's really the guy in charge. It's gonna be a much longer wait, hopefully no more than August.
There's nothing out to believe. There's no market
Looks like shares exchanging hands. I don't blame you guys. I would exit too but there's no point in doing so. Haven't been trading anyways.