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Sorry, don't have the time to go thru it in detail, but your quote seems to be a reference to revenue recognition.
I was referring to any material event (new product, issuance of shares, sale confirmations, etc.)
I remember there was a 3 day requirement about 3 years ago, but perhaps that's been updated.
Reportable events have 3 days to be filed.
Important distinction between concern and frustration!
The personal share redistribution is a good sign;
they needed to do it before a reportable event happens.
They could have done it a year ago; why now?
And all the major players at virtually the same time?
It is a significant sign.
My guess is that management sees the light (the signed contract) at the end of the tunnel, and are now planning personally for it.
To hope the signing takes place today is ideal, but wishful thinking. But the signs are promising!
Good move.
I have a feeling the anticipation to the contract signing alone will be driving up the price to $0.25. The announcement will send it up to over a buck!
Crystal ball?
I think I saw one at the Dollar store the other day, lol!
Seriously though, if it hits even a dollar,
you're in line to pay off your mortgage with what you've got.
I started a post, but noticed an error in my observation.
I didn't know how to delete, so I just simply modified it to read nothing.
Sorry!
Delete post
the last few signatures?
Well, even a million dollar contract is big business and the signatories are held accountable to the entire company/entity.
The first couple of signatures on your expense claim is easy; getting the last signature is always the hardest.
Here we are talking about nearly a billion dollars.
And those signatures triggers a number of immediate deliverables on both sides, including some serious commissions, h/w, s/w, downpayments, advances, schedules, etc.
Yea, it'd be nice to have it done yesterday,
and maybe provide an update or two.
Barring that, we have to rely on disclosed events
i.e. such as the fact that 3 of the biggest investors have just had the biggest redistribution of their shares within 8 days, something an insider is unlikely to do without an extraordinary pending event.
My interpretation?
Pack your Hawaiian shirt and hang on to your hat.
He has been an angel investor for a number of years.
One happy note on this transaction:
There is no reason to distribute these shares to family/friends
and THEN dilute them with more shares.
That is encouraging to me!
Mighty quiet this week.
Is everybody on vacation?
I will be quite happy with half of that.
But I promise not to complain if it does hit your magic number.
$260 at a time -
keep accumulating, lol!
Plus it will be easier to dump some of their shares.
Spreading the tax burden on their shares to their children.
Surely that is a good sign....
I will not be surprised if that happens.
Unlikely now, as the company is not financially stable enough, at least not before the first batch of trailers are delivered.
It WILL be prudent, as the trailers will need to be high end, and will need Kallo's engineering/medical teams to go thru various quality control standards, staff which ITD is unlikely to have on a full time basis.
ITD has the infrastructure for building it, but the customization may be easier if they were assimilated.
Well, it does not help the current shareholders.
They are unlikely to issue 500m new shares any time soon;
it is more likely to prepare for somewhere down the road.
But no, I'd rather not have them issued!
Well, they have authorized, not issued 500m new shares.
No doubt some of that will go toward financing, and/or employee compensation.
Not the same company.
Kallo Inc is distinct from Kallo Technologies Inc.
The latter was an in-between company between ROPHE MEDICAL TECHNOLOGIES INC to Kallo Inc.
Just out of curiosity,
are you trying to bash the shares,
or do you react to all news this way?
To save you time, you may also find references to Diamond Technologies, the former name before it was killed and replaced by Kallo Inc. FYI, that name (and any financials) have no connections whatsoever with Kallo Inc.
Somehow I think they will be aiming for a more comprehensive package.
He generally plays by the rules;
if the info is available, he will announce it.
He will likely get an official [read: ironclad] accounting opinion from the auditor on whether or not recognizable revenue exists based on xxx events/transactions.
If ok, he is obligated to release the information within the 3 day period, and will do so.
OT
LOL, wasn't expecting to go off-topic on the main forum!
I am not a full member either, and was just taking advantage of the IH's Happy Hour freebie on Friday afternoons. I will likely become a member later this year - I just don't use it enough for now.
Freebies are nice, and yea, probably worth it;
try it out this week!
Heavy volume.
I'm not selling for a while, but am amazed
that it is not moving the price at least a couple of pennies.
An office move would require an 8k filing.
Safe to say this board is following ALL filings!
John Cecill's got a pretty impressive resume, including a long stint at GE in SE Asia.
I know him from a number of meetings, and I think he's going to take it all to the moon.
And the office is quite real.
Boy, there is a lot of impatience here.
Use some common sense guys!
One cannot expect a 3 man startup to implement billion dollar projects at the same rate as Google or some other billion dollar blue chippers. They cannot hire 100 top notch people overnight- they are hiring less than half a dozen heads per month. Plus their customers are on the other side of the world.
However they HAVE brought on high profile people, and they are putting the pieces in place. New premises. An engineering team. Competent HR folks to do the right hiring.
If a billion $$ project could be implemented overnight, everybody would be doing it. If you want a professional PR update, invest on the NYSE. if you want a startup to watch and try to maximize the bang for each buck, then a little rational patience is to be expected. The payoff we (and sr management!) are looking for is pretty substantial.
Customers do not usually provide an advance or downpayment until a contract is signed.
So far, the company only has a general agreement with Ghana, not a formal contract. That is why the CEO is going - to finalize/sign. And hopefully, secure some of the sale proceeds.
Very true;
less than an hour's worth of action.
BTW, has anyone been able to use IFTTT for Kallo updates?
What is the symbol used?
Nice volume.
Starting to simmer....?
From what I personally know about the company,
I believe you are on the right track.
Good luck to you!
Just out of curiosity, do you have a defined exit strategy?
i.e. dump in layers vs all at once
Likely, he is also the angel investor..."
Yes he is.
He is also a very nice (and thoughtful) man.
Actually, if it wasn't for Lloyd, company would have gone under a couple of years ago.
They've got to pay their staff;
where is the $$$ coming from?
No announcement on any down payments, advances, LOC's....
Trust me; it is more than "an idea".
Unlikely;
that is not their line of business.
They do not do medical research;
they are into medical systems (h/w and s/w).
I agree in the cost, but what do you do with it once you get there? You need infrastructural support for followup, and the payback will NOT be immediate. You need much more than just a plane ticket.
On the shares side, keep in mind that NONE of Kallo's management (and/or directors) can make any money on their shares until they have market value / volume. If anyone ditches their shares, do yourself a favour - pick them up!