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At least part of the plan is outlined on this Dec 18, 2017 Q filing. Particularly under pages 11 and 12.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12435760-1105-88620&type=sect&TabIndex=2&companyid=736857&ppu=%252fdefault.aspx%253fcik%253d1389034
Seems like I read somewhere the "D" will disappear around the 20th or 21st of January. Any confirmation to that?
That would be interesting but likely isn't in the cards IMO. KALO has just gone through a rigorous exercise of paying off debt and restructuring the shares. I'm more inclined to bet on some type of merger. What few shares are in the hands of outside investors are part of the total common restructure package albeit the size of the head of a pin.
With the recent Form 4 filings, retail now owns just a fraction of the common. About 1% IMO. All other common shares are owned by FEPI and insiders i.e., John Cecil, Lloyd Chiotti, Samuel Baker, and Rajni Kassett. Almost like a private company.
The post R/S fall from $.06 to slightly under $.01 was done with just a bit over 1 mil shares. I think most of the few people left holding shares are going to hold for much bigger gains.
Dearbard, lots of possibilities IMO. Like the risk here with the supposedly zero debt, potential financing with some big global companies including an ARM of the World Bank, and the approx. 95% common share control (475 mil) by FEPI. The Kallo Inc. officers/Large shareholder Rajni Kassett/Key employees, and any other insiders are in the approx. 5% shares with us retail. Small trading float.
Interesting KALO has not updated the NV filing to date.
Agree Sage. Rajni Kassett has put $100s of thousands in KALO stock and now recently controls the company with about 95% common ownership. Why go through all that trouble when the company has not generated any revenues to date that we know of is the big question.
I believe it is a miracle that the company has restructured at this juncture. Yes, they previously had a fairly large staff and paid themselves from selling stock/noteholders and from their large angel common share investor Rajni Kassett . Now just a few technical staff left per LindedIn + 3 officers. FEPI jumped in with their pledge to settle all the balance sheet debt for some reason. We'll see what pans out one way or the other at some point.
Yes, about where it is now. Approx. 1 mil or so shares have been sold since the r/s.
Not a pretty sight. I believe the 475 mil FEPI (FE Pharmacy, Inc. who is supposed to settle the debt and is owned by Rajni Kassett) common shares are restricted. Which leaves approx. 25 mil for the corporate insiders/key employees/Rajni Kassett. I believe insiders own at least 75% or so of the 25 mil leaving about 6-7 mil in the retail trading float IMO.
"In consideration of the issuance of 475,000,000 shares of common stock, FE Pharmacy has agreed to pay all outstanding indebtedness of KALO that existed on April 7, 2017. We believe the foregoing transaction will be in our best interest and the best interest of our shareholders and will remove all our outstanding liabilities from our balance sheet and will make us more attractive to investors in the future."
http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12075292-1161-38311&type=sect&TabIndex=2&companyid=736857&ppu=%252fdefault.aspx%253fsym%253dKALO
Per the last amended issued 9/30 Q, it appears most of the o/s notes were settled by FEPI. Bottom of page 8 and page 10.
Settled by FE Pharmacy Inc. in cash
(320,000)
NOTE 9 – SUBSEQUENT EVENTS
Convertible promissory note
After September 30, 2017, promissory notes for a total of $19,723 were settled in cash for $12,000 and accounts payable for a total of $45,625 were settled in cash by FE Pharmacy Inc. under the agreement mentioned in Note 3.
http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12435760-1105-88620&type=sect&TabIndex=2&companyid=736857&ppu=%252fdefault.aspx%253fsym%253dKALO
Hopefully that is in the works per the last Press Release. A must have for sure.
Yes it is and $.20 sounds better than where the SP is now. Just reading the last 9/30/17 Q report again along with other filings and I find it interesting that KALO is going debt free for some reason which will clean up the balance sheet.
Also, so far KALO hasn't updated the Nevada SOS filings which shows the business license expires and the officer listing is due on 12/31/17.
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=WEEf3jWRcN9MshB5p82kcA%253d%253d&nt7=0
Agree Dearbard. Someone here once said "hope" means nothing. But isn't life all about hope and faith for a better future? KALO has given us a good hint of an outline of what their new plan is as indicated in the latest Q report update I posted earlier today. If all comes to fruition with the loans, growth potential, etc., I think all will be good here. Patience is also a good virtue to have.
Also, curious as to what role FEPI (FE Pharmacy, Inc.) will have going forward. After all, they will own about 90% of the common o/s. In addition to that, I think individual KALO insiders + Rajni Kassett (owner of FEPI) own about 5% of the o/s. So that leaves about 4-5% of the o/s for the rest of us. I'll call that the trading float.
Per the Dec 18 KALO 10Q, waiting for the loan closings and positive concrete "current" news to move forward IMO. Note pages 11 & 12 of the following link. In the meantime, people selling at a significant loss that want out and either rebuying lower or as I believe a good opportunity to average down big.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12435760-1105-88620&type=sect&TabIndex=2&companyid=736857&ppu=%252fdefault.aspx%253fcik%253d1389034
Depends on how one looks at it going forward. Some but not many shares so far are throwing in the white flag and taking a loss right off the bat. Keeping in mind, there are likely only about 6 mil or so in the trading float IMO with the rest owned by insiders including FEPI. But for me, I've held this long, may as well hold longer based on the following from yesterday's dated amended Q. Willing to see if those $100s of millions revenues or even a merger actually occur this time around with a virtual debt free balance sheet.
From today's issued KALO Q.
"In 2017, we have also initiated project negotiations in Canada with two First Nations Groups to provide innovative solutions to increase accessibility and monitoring and management of medication from prescription to consumption with direct reporting to the provincial ministries."
"Project Financing for the projects is being arranged by Seawave Invest Ltd. Bahamas, Nova Capital Global LLC, New York, and GRISSAG AG (PTY) LTD and the risk guarantees are being provided by the African Guarantee Fund and the Multilateral Investment Guarantee Agency (MIGA), the Political Risk Insurance arm of the World Bank Group."
"In order to manage the aggressive expansion of our business, we have entered into collaboration agreements with TAHPI, an international company with expertise in Health Service Planning, Health Facility Planning, Architecture and Interior Design on 30 th June 2017 and FORTA MEDICAL, an advanced off-site building methods company on 28th July 2017. FORTA offers healthcare facilities based on a fast– track modular design and construction solutions with minimal disruption to the surrounding facilities operation. Their advanced factory prefabrication helps shorten project construction timetables in a way that is not achievable with on–site building technologies. These collaborations will augment Kallo's project delivery capacity and our ability to deliver complex projects in multiple geographies."
"Kallo has also secured renewed commitment from our technology partners and technology infrastructure providers."
Latest KALO amended Q dated 12/18/17.
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=12435760&companyid=736857&ppu=%252fdefault.aspx%253fcik%253d1389034
2050 Motors Proceeds One Step Closer To The USA Assembly Of The All Carbon Fiber Body Electric Automobile
By GlobeNewswire, December 15, 2017, 10:57:00 AM EDT
LAS VEGAS, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Michael Hu, President of 2050 Motors, Inc. (US OTC:ETFM), is proud to announce the completion of a successful trip to Yancheng, China, to complete the timetable to begin assembly of the all carbon fiber body electric automobile called the e-Go EV.
Michael Hu stated that 2050 Motors' engineering team was accompanied by a senior official of the Las Vegas Development Authority who returned with impressive videos and pictures of the extensive manufacturing facilities that Aoxin Automobile, 2050 Motors' manufacturing partner, has completed in Yancheng.
Only a few photographs are available to be reviewed by the public due to the proprietary nature of the high-tech carbon fiber production equipment. Please see photographs http://www.2050motors.com/yancheng.html
As a result of this trip, Aoxin Automobile signed an extension to the original contract, signed in 2012 by 2050 Motors and Aoxin Automobile, throwing full support behind 2050 Motors for the e-Go EV assembly plant in the United States.
The contract will be in full force as soon as 2050 Motors signs a lease for the facility in Las Vegas, Nevada, to start assembly. This lease is expected to be signed very soon because 2050 Motors has been negotiating for a significant period of time with the City of Las Vegas, which owns the property.
Mr. Hu stated that managerial planning work is underway to coordinate industrial complexities associated with a United States assembly plant for the very unique carbon fiber electric vehicle to include packaging of parts in China, export/import paperwork to the USA, training of personnel, quality control of the assembly parts, compliance with US laws including crash test standards and other safety requirements, etc.
2050 Motors is now reviewing management resumes with the goal of bringing automobile assembly expertise to spearhead our own organization.
About 2050 Motors, Inc.
2050 Motors, Inc. (http://www.2050motors.com and http://www.etfm.com), is a publicly traded company incorporated in Nevada in 2012. 2050 Motors was founded to develop and produce the next generation of clean, lightweight, efficient vehicles and their associated technologies. Some of these technologies include alternative renewable fuels, hybrid electric vehicles, advanced graphene lithium batteries and low-cost carbon fiber vehicles. 2050 Motors has been successful in forming long-term relationships and exclusive contracts for a variety of game-changing technologies. 2050 Motors entered into an agreement with Jiangsu Aoxin New Energy Automobile Co., Ltd., located in Jiangsu, China, for the distribution in the United States of a new electric automobile, known as the e-Go EV (electric vehicle). The e-Go EV is a revolutionary new concept in the ever-evolving world of electric vehicles. It will be the only production line electric car with a carbon fiber body and parts manufactured by a new process using robotic machines which significantly reduces the fabrication time and cost of carbon fiber components. The e-Go EV will seat four passengers, have advanced lithium batteries, and high energy efficiency rating of up to 150+ MPG-E energy equivalent in urban driving due to the light weight of the vehicle. See videos of completion of the e-Go EV manufacturing plant at
'Mr. Hu stated that managerial planning work is underway to coordinate industrial complexities associated with a United States assembly plant for the very unique carbon fiber electric vehicle to include packaging of parts in China, export/import paperwork to the USA, training of personnel, quality control of the assembly parts, compliance with US laws including crash test standards and other safety requirements, etc.'
"2050 Motors is now reviewing management resumes with the goal of bringing automobile assembly expertise to spearhead our own organization."
http://www.nasdaq.com/press-release/2050-motors-proceeds-one-step-closer-to-the-usa-assembly-of-the-all-carbon-fiber-body-electric-20171215-00524
http://www.2050motors.com/
Would like to see the contract from this latest trip between ETFM and Jiangsu Aoxin New Energy Automobile Co., Ltd. Always a potential reverse merger here to take Aoxin Automobile public since an actual manufacturing plant will be in the U.S. operated by ETFM.
http://www.nasdaq.com/press-release/2050-motors-proceeds-one-step-closer-to-the-usa-assembly-of-the-all-carbon-fiber-body-electric-20171215-00524
Interesting photos from the company's recent visit to Yancheng, China with Aoxin, Automobile. $ETFM
http://www.2050motors.com/yancheng.html
There was always speculation from some shareholders before KALO went dark that it could make some sense for a merger between ITD and KALO. But who knows where things stand now between the two companies? Excerpt from an earlier news article.
"One of the company’s most innovative solutions to date is a contract with Kallo, a company based in New York, for a modular hospital. “This 55,000-square-foot hospital will be assembled in Guinea,” says Benny. “It’s all modular, so we are building it all under the roof in Etobicoke. That includes X-ray machines, operating tables, medical gas – it is a fully operating hospital. When it’s complete, we will break it up, drive it on trucks to Baltimore, drive onto a ship and send it to Guinea.” The project is under a time crunch as the country’s elections are coming up. Meanwhile, this unique capacity for building mobile and modular hospitals has led to work with 28 other countries around the world."
http://canadianbusinessexecutive.com/manufacturing/case-studies/innovative-trailer-design-custom-mobile-and-modular-solutions
Link from the ITD site.
http://itdtrailers.com/custom-solutions/medical-laboratory/
Looks like the Q amendments earlier today were for the year 2016. KALO has been since current since about Nov 22 when the following latest Q report was issued for the period ending 9/30/17. Interesting read on page 12.
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=12398333&companyid=736857&ppu=%252fdefault.aspx%253fcik%253d1389034
Question is will we see some Ghana $s hit the books at the time of the r/s?
Hoping for some Awesome forward guidance for KPAY. As of this past August, they were saying almost $1 mil revs for that month which was Huge growth from the prior month. Compounding and other deals in 2018, I wouldn't be surprised to see a $100 mil revenue 2018. The o/s was recently updated to about 13 mil under the OTC Markets site. A $500 investment could pay off well in 1-3 years.
I think the upcoming Q will show several $million in revs and hopefully profits since June. Like that UBER partnership along with the Peer To Peer loan app! $KPAY
The recent Peer To Peer Lending Application will be HUGE IMO. It's like Lending Club, Prosper, and others that do $billions in loans from members (peers). The fees to KPAY from this application alone will be HUGE IMO + all the other stuff they are in. The market will soon put all of this together IMO. Waiting on the Q which will show $millions in revs IMO. The upcoming K report early next year will likely be Super Huge and will include the current quarter. I noticed the o/s was just updated by the transfer agent a couple of days ago under the OTC Markets site to 13,611,036 a/o Nov 28, 2017. This is still a tiny share structure even with the recent institutional note conversion which is fairly small.
From the KPAY September 20, 2017 Press Release. Almost $1mil revs in August. The upcoming Q should reflect this and the September revenues!
August 2017 transaction volume was approximately 200,000 as compared to 70,000 during the entire second quarter. The Company attributes this growth to increasing consumer awareness of the KinerjaPay platform and related services.
Averaging 6,442 transactions per day, the Company recorded approximately US$923,683 in transaction revenue in August, as compared to 3,268, and US$387,116, respectively, for the month of July.
https://www.otcmarkets.com/stock/KPAY/news/KinerjaPay-Corp--Continues-To-Experience-Record-Growth-As-Market-Awareness-Builds?id=170253&b=y
Agree about your Blockchain comment Mike. The latest PR under OTC Markets gets into the Blockchain product a bit along with the website. The financials thru mid year do show revs but unable to see what is going on the past 6 months. With 4 offices globally including one in Hong Kong and South Africa, one would suspect something is happening. The website tells some of the story. I did note one Junior Engineer under LinkedIn that works in their South Africa office and has been since mid year.
If either Blue or me is correct on the insider holdings of around 55% per Blue to my thought of over 95% based on my last post out of 35 mil o/s, the actual trading shares are VERY tight!
I'm reading the insider ownership differently. If we look at this PR below by the "company" NovaMeric from back in February, it states clearly the company NovaMeric owns approx. 17.4 mil common after the disposition. Looking at the new shares owned by NVTQF CEO & director of NovaMeric from the early Nov PR also below, it states he will own 45.9% (approx. 16 mil of the new o/s total of about 35 mil after the latest approx. 2.5 mil was give to him to relinquish the debt). Combined the company NovaMeric owns approx. 17.4 mil + approx. 16 mil by Gerhard Mynhardt (CEO of NVTQF and director of NovaMeric).
Given the above, that leaves approx. 2 mil or a bit less in the actual trading float IMO. This is why there are only 5 market makers and a span from approx. $.30 (2 mms) to the $.50s on the ask (2 mms) then to the last market maker $100 on the ask. This stock is primed for multi-$s on just a bit of volume IMO based on what I believe is only an approx. 2 mil trading float. This is Awesome IMO.
https://www.marketwatch.com/story/novameric-pty-ltd-disposes-of-common-shares-of-novateqni-corporation-2017-02-08
http://www.4-traders.com/NOVATEQNI-CORP-18045239/news/Novateqni-Announces-Shares-For-Debt-Settlement-With-CEO-25460664/
NVTQF looks pretty Awesome IMO. Some of my dd posts on the board. Blockchain, Fintech, etc. 4 global offices.
Another super killer opportunity like our GLNNF! Blockchain!
Blue, am I reading this correctly? Looks like the shares of NVTQF are virtually all locked up between the CEO of NVTQFand NovaMeric Ltd. This only leaves 1 mil or so in the trading float which seems to go with the trading volume under the history and the tiny list of mms? A couple of 1 mil share buys would put this stock at $10+! Details in this link:
https://www.marketwatch.com/story/novameric-pty-ltd-disposes-of-common-shares-of-novateqni-corporation-2017-02-08
NVTQF looks very AWESOME! The company has offices in Canada, U.S., South Africa, and Hong Kong! These offices/addresses are listed on the bottom of the website cover.
http://novateqni.com/
Only 4 mms on the ASK. Nothing between $.30 and $.50+ $NVTQF
Really like the dd on NVTQF! The company recently attended a blockchain seminar showcasing their products in South Africa! See the NVTQF board for more of my dd post. CEO owns about 50% of the current approx. 32 mil o/s.
https://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=28033
Website:
http://novateqni.com/
Interesting NVTQF website!
http://novateqni.com/
Blockchain Products
http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=28033
CEO owns almost 50% of the approx. 32 mil o/s. Only about 17 mil in the trading float. Like this recent PR for debt settlement with the CEO!!!
http://www.4-traders.com/NOVATEQNI-CORP-18045239/news/Novateqni-Announces-Shares-For-Debt-Settlement-With-CEO-25460664/
NVTQF is Global and operations in the law enforcement sector, blockchain, and solar.
http://www.morningstar.com/news/the-news-wire-ca/TheNewsWire_20170927AwGFR37D/novateqni-currently-reviewing-adoption-of-block-chain-technologies-and-provides-corporate-update.html
Quick video
Agree Chaka! A 20% correction is pretty healthy for power growth stocks. Happy for those who make some $s. But keeping in mind, someone else now owns many of those stocks others cut loose via stops, panic, or whatever. Those new owners are looking for the next level! $GLNNF
This is only a morning correction on a big few day run on a fast track growth stock being GLNNF. Building a new base with new investors + shorts cover. For any people who think they are awesome traders/timers in a bull market, one will likely be left behind on the Huge fast moving growth stocks. No one that I know of can perfectly time a market and particularly on individual stock even in today's bull market. Not saying one can't make some $s playing safe each and every day by closing out after a big run in a bull market but the big $s are harder to come by going in and out constantly. I have read several posts of people that got out under $1 here and checked back and saw it at $3 and now they can't afford to get back in. Maybe they picked up some shares on the dip this morning but not at $1.
GLNNF is now down only 16%. Luv those private placements like today's PR to institutional type investors who will likely be in for the long haul and are looking for HUGE returns as GLNNF likely heads upwards in a big way quickly.
Good luck longs!