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If you do a search for the author on the website,
you will note she is a bit of a prolific writer.
The ITD article show up on PAGE SEVEN of the query.
:(
Noted.
I will not be surprised if
further "performance incentive payments" are required
to take it to the next step.
Oh, I am not advocating it as much as just trying to look at how business works in other countries.
This was actually an issue on one of my accounting exams a number of years ago, where the answer was to ignore what was happening in the other culture, for you have to apply the rules of your governing body at home.
I think it is tough line to walk,
especially if it is the norm elsewhere.
Without accepting the business realities elsewhere,
you would essentially unable to operate there.
Maybe I'm alone in this, but...
Somehow I'm getting the idea that
a bribe or two would grease some wheels,
and that it would not be an uncommon procedure
in some of these countries.
Not ethical in Canada/US, but likely
a common way to get things done elsewhere.
Trying to put it in as a sales expense
would be the auditing issue in North America.
No posts today;
anybody here?
lol, I can personally assure the board,
you have clearly never met the man.
So it is on the board just because
last week was a crappy week for posts...?
Now #28 on the Breakout.
What is the criteria to be listed on this board?
Those employees must be very motivated.
And/or very depressed.
Gotta wonder what the morale is like on a day to day basis.
Crappy morale can be contagious;
if your payroll was made with worthless shares in lieu of cash,
you are
1) ready to bail,
2) ready to close deals, or
3) continuing to hold (just like the shareholders / traders here)
Everyone would seem to have a vested interest in moving the company forward. It is encouraging to know everybody's interests are aligned!
If it helps, some of us have lost even more.
I've more that quadrupled my share count
just bring my average cost to a penny or so.
:(
There are many things I don't understand,
and one of them is the fear of a reverse split.
Why is this a thing to be feared?
Is that not just taking 20 x $1 and converting it to a $20?
Equity does not change.
Income does not change.
Shareholders still hold the same percentages.
What is the fear?
Well, you are correct in that you need all those folks for the upcoming projects, and no, the initial team would not be able to do it. The initial team was focused on fleshing in the conceptual ideas, and then hire the right people to implement it.
Unfortunately, that involves payroll money, stuff that doesn't grow on trees. And they were not going to make business commitments without some kind of monetary inflow. They were able to make commitments to the new hires after the West African agreements.
And as in any startup, the expectations that everything will go smoothly with no unexpected hiccups is misguided.
Long-term: Buy.
Short-term: Risk/reward.
Is that really a new philosophy in OTC stocks?
John Cecil has a degree in Bio-Medical Engineering, and has directly done somewhat similiar projects in the past, and has managed a number of large projects with GE.
He will not be the hands on guy here, but will provide the technical vision and know-how. The trailers are actually his pet project, and he will likely see it from cradle to grave.
If you saw his full resume, you might change your view.
....and?
They are talking directly to the company, not playing the market.
Why would they care?
Unlikely.
It is possible, but they will need to deal with the same timelines, bureaucracy, not to mention establish support/supply networks, hire a professional team, and do it all as a startup cost. Funding is of course an integral part of the picture.
Unless you know that they are squandering current investor money, they are ahead of anyone that wants to jump in. The only other possibility is where a large company (Google, Apple - someone with bucks) jumps in, but their best bet would be to simply pick up Kallo as a long term flyer. (actually, I like that idea!)
Just my opinion
Congrats to all the folks who jumped in yesterday
and made great break-even money today!
The Buy on the dips" rule definitely applies at Kallo!
Aggressive investors will get a 300% return
when it comes back to even $0.09.
Everyone came to that conclusion at the same time?
Holy crap!
What is happening?
Averaging down is the tactical position to be taking.
I am already under a nickel, but
for those in over a dime, this is (imho) an opportunity.
For those interested, Bill Gates did a 8 minute infectious diseases message on TED: "The next outbreak? We're not ready."
It is an interesting information / prospects for Kallo investors.
I think you are right about Chiotti.
He's been financing the company for quite a while.
Geeze, almost 700k shares and not even 1pm.
Doesn't make sense -
who in the world is selling?!?
In the absence of a crystal ball - read the signs.
Great post, Trizzy!
Buy on the dips; today's prices are truly a gift from above.
The price is not going to the moon until a contract is signed.
$$$$ will come in at the signing of the contract
In the meantime, continue to watch the developments/negotiations!
That is more than 1/2 million trades in the last 2 days.
??
Asking legitimate questions is not complaining.
Legitimate questions are to be welcomed with open arms.
Questions reminding us of the frustrations much less so.
Your posts include both types, and,
for the most part, I am actually glad you voice them.
We should all be constantly aware of the risks/dangers/issues when it comes to investing in the OTC, and a reminder every now and then doesn't hurt.
Lots of shares trading hands @ $0.06 - $0.07.
Not sure why anyone would dump 170k shares, especially at this price.
I totally agree with you;
more information would be VERY welcome.
The lack of info FORCES the investor(/trader) to view the company holistically. Asking for carved-in-10-Commandments-like stone is a guarantee approach not found in the OTC market. As Sage (and others) have been saying, you need to view various data, correlate and draw conclusions accordingly.
This board actually has given you (actually all of us) plenty of food for thought, and asking hard questions is your valuable contribution to others. Consistent complaining OTOH is, at best, a distraction from the facts.
Frustration is an unfortunate part of the game;
one needs to evaluate and willingly accept that risk/cost.
LOL!
Have to agree with you; nice to see there are others with a long term perspective.
Great Warren Buffet quote!
1) Yes, he does exist. Believe it or not.
2) Looking for discrete numbers/timelines from a sales driven process is optimistic, and committal from the sales team. Unrealistic in a startup where the international target sales are in the hundreds of millions and the existence of plenty of road blocks.
3) Scared? No, he is not scared to face them. He just doesn't have to, given that the majority of the shares are held by senior management. He will announce good news, but not waste time on explaining the obvious lack of results to shareholders.
No, I am not saying this is what he should be doing, but that it is the obvious interpretation.
4) He COULD present fuzzy numbers based on hopeful/reasonable management expectations (which he is), but keep in mind that many expectations will not materialize as quickly as desired (if at all).
5) On the other hand, you can always put in a low sell order. There are plenty of silent traders that are just waiting for the panic traders. Just MHO.
Amen!
100% agree
lol, patience, patience, patience.
Billion dollar sales do not materialize overnite even with an established customer. A new customer? Naw.
It takes a long time to get to the stage that they are at even now. Followup sales are easier, but the first one is time/resource consuming.
And they don't have a lot of infrastructure to facilitate/support the sales efforts. Much of it will be manually done
i.e. speeches/forecasts/costing/PowerPoints/what-if's/etc.
Not an overnighter, for sure. But if it/when actually does jump to the $4 level, as Sage said, a 4000% return over three years ...
wow - 110k shares @ 0.061 ??
testing.
Anybody awake?
C'mon guys -
Do something.
Say something.
Give me an update.
Is that so much to ask?
I wasn't monitoring during the day, and didn't stop to think about the difference. Appreciate your input!
Bid: 0.0601
Ask: 0.1455
Quite a spread there.
Didn't pay much attention to it before,
but I have to wonder what it suggests.
sorry; ignore last message.
Missed the original response.