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I think sellers want to recover their investment, but buyers valuation of
Kalo is rightly much much lower.
My question is ‘Who is selling’ that will expose the pump & dump scam that this is
In short: Kassett undertook to pay all of Kalo debts (CRA, employees, suppliers, debtors etc) of almost 4M. In exchange for about 90% post RS Kallo common shares. RS happened, 90% shares were issued to Kassett, another truck load of shares got issued to BoD as salaries/bonuses, and NO DEBTS GOT PAID. They moved the debts from Kalo books to Kassett’s company in exchange for shares issued to Kassett and claim that they r a debt free company with ‘supply contract agreements’ of 100s of millions of dollars. That’s a synopsis 4 u SeeSilicel
Wow!! U’ve been out of touch it seems.
Cecil should b investigated. There r multiple instances of financial embezzlement
Silly cecil took it all!!
Nothing left. Kassett is supposed to repay everyone as per 8K filed 2 years ago!!!
Kassett committed to pay all Kallo debts (suppliers, employees, CRA, debtors, etc) this is still NOT DONE. SO WHY is he “giving shares to those that helped him out?”
ALSO check out that imbecile CEO’s statement filed with SEC over 6YEARS AGO!!!
https://www.sec.gov/Archives/edgar/data/1389034/000100201412000338/exh99-1.htm
That is consistent with Kalo CEO he asks for multi million $ contracts when his copyright technologies r worth .95c
Hey Ohmyohmy!! How’s it going?
As usual nothing happening at Kalo. The CEO is probably out on a wild goose chase somewhere where there r no geese. That’s his specialty
Lol!!! Cecil must have needed to shop at the dollar store!!!
Thanks Ohmyohmy.
I’ve accepted that Kallo was Cecil’s gig where he steals under cover of praying at staff meetings and preaching the bible. Then he goes to his other personality job where he wears all that jewelry he stole and carries a Coach handbag!!!!
Just found out cecil bought Swarovski jewellery on Kallo expense account
Dearbard, my take on that is that they r trading among themselves to PUMP & DUMP
Oh ok. That quite a bunch of shares.
Anyway there’s nothing for anyone here. Hopefully we’ll join up and sue these crooks
Between yesterday and now about 100k shares have traded. That is approx 30mil pre-RS shares. No one has these quantities.
It’s insiders trading!!!
THESE R CRIMINALS
MO of these crooks is obvious. Since 2012 they have shown DUBIOUS ‘sales contracts’ & wooed investors with huge projections on GAIN. Issues shares from treasury in exchange for cash then issued themselves shares, RS all shares to dilute investors BUT protected themselves by issuing 90% post RS to themselves.
THe only way out for investors is to sue cecil for mismanagement, betrayal of trust and criminal activity
Ohmyohmy, this cecil is a back stabbing roadside punk. He brought people into his web of deceit and spoke highly of as long as they blindly supported him and brought in money. Everyone of these very people r waiting for the right time to sue this crook.
The 600:1 rs and subsequent issuance to 4 insiders was to make sure the shareholders were truly and properly in incinerated. No one is going to get anything back....the 4 bandits have taken it all
Ohmyohmy the issue is not with what is posted. It is with the scam at Kalo. The copyrights r dubious, the sales contracts they presented r dubious. The office they say they have is dubious. The BOD is ignoring & covering up all this. Kassett, cecil & BOD have been paid for NON performance. Shareholders have been minimalized so insiders can vote anything.
What is this but a FRAUD?
If they ever sell anything, they will give the sale to a decoy company & benefit that crook CEO/CFO. This has obviously been his plan throughout
The plan has always been ‘take money from everyone to feed a dishonest, plagiarizing, greedy & fake FOUNDER & CEO’
Again drop!!! This is like a hot rock thro ice!!!
That pathetic plagiarizing pea brained cecil is more useless than the snake oil he is selling
Bloody ROADSIDE PUNK!!!
Do u find it strange that this stock is selling at 0.042?
0.19 is good Ohmyohmy. Or did u mean 0.019?
So John Cecil’s copyright on mobile clinic was a consequence of him designing a mobile clinic for Dr. Sankara Nethralaya Hospital in Chennai - India he said.
This is a scientific paper published on ‘pubmed’ about teleophthalmology study conducted by this hospital.
https://www.ncbi.nlm.nih.gov/m/pubmed/22500741/
Cecil is not even mentioned in it. Secondly the study started in 2009. How could this CEO/CFO/CHAIRMAN/etc etc design that mobile clinic in India?
Whose idea was this mobile clinic?
Sure Dearbard, they make the shares worth something and whose value goes up?
They own the shares not u or I, we invested not them! Cecil has not invested one cent in Kalo. Read their financials.
He has only taken...money, shares, padded expenses, cars, cheqs etc etc
100% this is the case. They have still not explained why payment in shares is made to FEP and what the reason for bounding themselves is. They have colluded, insider traded and frauded shareholders, investors, employees, suppliers & even customers.
But if we stand together v can sue that bible holding CEO/CFO for mismanagement, misappropriation of funds & betrayal of trust.
THIS IS INSIDER TRADING AND COLLUSION
Kalo need to disclose the DD done on FEP to ensue FEP had capacity to pay debts undertaken to be paid. If DD failed, why did board go ahead with the deal and issue FEP that trailer load of shares?
The CEO/CFO & board failed miserably to transact a simple business deal. So why do they get paid shares?
If this goes down the board and CEO/CFO is directly responsible.
That is precisely what the question should be. This thing is a dogs turd. Why is someone buying? Unless the seller & buyer know each other
Thanks Ohmyohmy. What I am surprised at is that except for 1 the other employees that are owed back wages have fizzled away. This is a violation of the employment standards act and also a human rights violation. The BoD is responsible for payment of wages. This ceo that preached God on linked in has scammed shareholders and employees. Yet the employees r sitting on their hands!! Mind baffling!
Thx DrMcG! The culprit is Cecil, so I’d say: F!@# cecil!
He’s not getting away with this though
Well, it took a long time to make that money. Can’t absorb it in a short time. Gotta work and make that money back cause I cannot recover it from Kalo.
But I will strike when the time is right
Well I’ve invested over 350k based on what the CEO represented.
Now I find out he outright lied and misrepresented.
I’ve lost a lot of money, I’m not going to lie down & play dead. He’s gonna pay...’one way or another! He’s gonna pay. I have enough on this guy.
I think so Ohmyohmy
Just proves that these guys t CROOKS
Look at the trading over the last 8 weeks. After RS nobody except insiders have much stock to sell.
So I think insiders are trying to buy the small amount of shares in the market ... and achieve ‘reverse privatization’
Why is it a terrible investment?
Because it is:
A terrible company
Terrible management
Terrible BoD
Terrible business
Terrible results
And yes also it is a FULLY REPORTING company NOT HAVING REPORTED everything FULLY
JAIL TIME FOR SOME
That is right Ohmyohmy, but no one had the gumption to do that and the BoD (with the RS action) basically minimalized shareholders so they could vote any and everything. This is a fraud. Fraud survives even bankruptcy so we can still get them
CEO and BoD and FE think it is right to first protect their own interest by taking huge compensations (salaries, stock issues, expenses and expense padding) this is a money/power grab that is so blatant that they have proven themselves to be like desperate animals. They are an absolute unqualified bunch of hoodlums stealing from and then marginalizing shareholders/investors. If they EVER deliver a deal, I will not be surprised if we see a class action law suit.
LOL they must also be thinking of ways to cover up the share and money grabbing they’ve done!! LMAO
Lol
Yes really it is a BIG question mark too.
What do they do all day?
No issues. Thought there was some sort of deadline or something. We all hope this thing does something. But honestly that’s a pie in the sky.
What’s happening next week?