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Not sure I agree with your assessment of KALO. I see many layers to this deal.
Deal is combined with MEDIC TRUST.
I got out of GDAR long time ago with minimal loss. CEO actions was not adding up for me. We tried to warn some to no avail.
Don't get me wrong, Fred is a piece of work, but he's in a corner and his antics are catching up to him. Business as usual cannot continue with Splits and debt reductions.
Something new has to take place soon for CJTF.
ZERO. None nada..LOL!
Tuesday push down. We're watching what is going on with CJTF.
How can retail sell for under .0001?
Statement like that should be backed up with supporting documentation. Provide proof?
I have spoken with Fred, read the report(s), plus PR's, and listen to the interview with uptick network. For me CJTF is a comfortable play with earnings coming in the fall.
Not concerned with the noise, and deflection some post about in regards to CJTF.
What claims are you referring to being promoted? and how is it related to geologist summary?
That is for you to decide or not. Read into it what you want!
As for Paychest and whatever the new company is going to be called. I don't give a hoot. My goal is to get out with some profits, and however that may be is what all investor should all be after. Unless you want to spend your days/years wondering if the company is legit or not.
There is too many unanswered question on PYCT for me to spend my time on. Number one for me is Peter Coorey the MIA CEO that I am sure not a single investor has every has a conversion with.
Incorrect.
Maybe you should read the GEOLOGICAL SUMMARY?
GEOLOGICAL SUMMARY
Mountain Boy Mining Claims
Eureka Mining District; Eureka, Nevada
CJT Mining, Inc.
Brian R. Bond, Geologist
March 30, 2013
Are you saying the R/S is a good or bad thing for the company? or are you just b@shing Paychest because you know nothing about the company after eight years.
It does not make sense for retail to short. What about MM can they not short to make a market?
I look at the deal as one in the same. HITES is a branch of the Government of India. The deal was signed in September 2015, but funds we secured August of 2016. Granted there is no mention of Kallo so I am not sure what to make if this.
"Export-Import Bank of India, at the behest of the Government of India, has extended a Line of Credit (LOC) of $35 million to the government of Guinea for construction and upgradation of regional hospitals at Kankan and Nzerekore in Guinea," EXIM Bank said in a statement today.
http://www.lifecarehll.com/page/render/reference/Board_Of__Directors
OFFICIAL DIRECTORS
1. Smt. Vijaya Srivastava
Additional Secretary & FA
Govt. of India
Ministry of Health & Family Welfare
Nirman Bhavan, New Delhi
2. Smt Dharitri Panda,
Joint Secretary
Govt. of India
Ministry of Health & Family Welfare
Nirman Bhavan, New Delhi
Export-Import Bank of India (EXIM) Bank has provided a $35-million line of credit to Guinea to construct and upgrade hospitals in the country.
"Export-Import Bank of India, at the behest of the Government of India, has extended a Line of Credit (LOC) of $35 million to the government of Guinea for construction and upgradation of regional hospitals at Kankan and Nzerekore in Guinea," EXIM Bank said in a statement today.
An agreement for the LOC was signed here between Alexandre Cece Loua, Ambassador of the Republic of Guinea to India and Regional Head of EXIM Bank, Tarun Sharma on Wednesday, it said.
This is EXIM Bank's first LOC to Guinea.
With the signing of this agreement, EXIM Bank has now in place 199 LOCs, covering 63 countries in Africa, Asia, Latin America, Oceania and the CIS, with credit commitments of over $12.19 billion, available for financing exports from India, it added.
http://www.dnaindia.com/money/report-exim-bank-provides-35-million-line-of-credit-to-guinea-2124288
Looks like MM are shorting KALO like no crazy in order to make a market. Almost 100% shorted the last few months.
http://otcshortreport.com/?index=KALO&action=view
HITES has one thing behind them which helped secure the contract. Money from Government of India. This is their first Global contract so experience is debatable.
HLL Infra Tech Services Limited (HITES), the fully-owned subsidiary of public sector HLL Lifecare Ltd (HLL), has secured its first global contract to offer consultancy services for the construction of two hospitals in the Republic of Guinea.
8-K from yesterday triggering short covering.
Since the end of the second quarter:
· The Company announced a teaming agreement with Radio IP and Abilis Solutions to test a secure wireless system for use by correctional agencies. The all-in-one solution will integrate xMax broadband network technology with the Radio IP secure VPN and CORIS® Mobile Offender Management System.
· The Company closed a public underwritten offering of its units which resulted in the Company receiving approximately $4.44 million in net proceeds. The Company will use the proceeds for corporate purposes including working capital, product development, partial reduction of liabilities, marketing activities, expanding its internal sales organization and further developing sales channels and other capital expenditures.
George Schmitt, CEO and Chairman of the Board of xG Technology, said, “As we deepen the integration of the xMax and IMT business units, we are aggressively pursuing opportunities that can be uniquely served by the comprehensive mission-critical voice, broadband data and video solutions xG now offers. We have begun collaborating on a number of new business projects that we have recently identified, both domestic and international, which we expect to result in revenue-generating events in the near and medium term.”
Roger Branton, CFO of xG Technology, said, "We are pleased to note that xG realized record quarterly revenue in second quarter of 2016, and to announce that the Company recorded an additional $2.2 million gain on the bargain purchase in connection with the acquisition of IMT that closed in the first quarter. The gain was the result of receiving the final independent fair market valuation report on IMT’s net assets. The report indicated a total fair market value of IMT's net assets of approximately $5.7 million on the date of acquisition, which resulted in a $2.7 million gain over the purchase price, $500K of which was recorded in the first quarter.”
Review of Results
Revenues for the three and six months ended June 30, 2016, were $1,655,000 and $2,584,000, respectively, representing an increase of $1,281,000 and $1,627,000, respectively, from $374,000 and $957,000 in the corresponding periods in 2015. The revenue of $1,655,000 resulted from $1,595,000 from sales of equipment and $60,000 from engineering services for the three months ended June 30, 2016 which can be attributed to the acquisition of IMT. The revenue of $2,584,000 resulted from $2,451,000 from sales of equipment and $133,000 from engineering services during the six months ended June 30, 2016. Of the $2,584,000 in revenue, $131,000 was previously recorded as deferred revenue.
For the three and six months ended June 30, 2016, the Company had a net loss of $4.6 million and $8.6 million, respectively, compared to a net loss of $4.0 million and $7.5 million for the three and six months ended June 30, 2015, or an increase of $0.6 million and $1.1 million.
The increase in net loss is due mainly to an increase in amortization and depreciation, general and administrative and research and development expenses.
Financial Results Conference Call Details
xG management will hold a conference call for industry analysts to discuss xG’s second quarter and first half 2016 results on August 24, 2016 at 4:00 p.m. Eastern Time. Call-in information can be requested by emailing info@xgtechnology.com. The call will also be webcast at http://www.xgtechnology.com/about-xg-technology/investor-information/. For those who cannot listen to the live broadcast, the call be archived on xG’s website at http://www.xgtechnology.com/about-xg-technology/investor-information/
I disagree down payment is included. We shall see.
The 35 million is part of the down payment and funds to HITES for managing the project. Without a down payment there is nothing to manage.
HITES will act as Project Management Consultant (PMC) for the construction of two hospitals with 200-bed each at Kankan and Nzerekore, two of the biggest cities in Guinea. The project involves an outlay of USD 35,000,000 (Rs 233 crore) Line of Credit from the Ministry of External Affairs, Government of India.
I believe this is just the down payment for the work to begin that everyone have being waiting on!
I read somewhere that HITES funding for Project in Africa was over 12 billion dollars.
http://www.thewomennews.com/home/hites-goes-global-inks-pact-with-guinea
The Government of India provided the financing for the project. I am 100% sure there was a provision for HITES to be project mangers in order to get the funding. This is what government with money do, and I am sure Guinea and Kallo had no choice.
Either way I look at this as a good thing for Kallo Shareholders.
I think the contract is Kallo's. 10-Q clearly states financial institution has agreed to the terms. I think (IMO) the hospital and ITD build of trailer(s) is all tied to the down payment coming for work to start.
OTC Short report reports 216 million shares on July 21st so yes its possible.
Jul 21 - Volume(216,298,015) - Short Volume(69,573,479) - Shorted(32%)
Companies file late all the time for any number of reasons. What I will assure is they don't usually file just for the benefit of shareholders.
I am still waiting for a response to post# 8016?
Seems to me this is just the way some like CJFT. Some thrive in this type of environment.
I was hoping for something new or some advancement, but I see none. Just the same old from PYCT.
Looking forward, the Company is now focusing its efforts on completing its funding, restarting
production, making product sales and anticipates that with the associated cash flow and profit from
the product sales the Company expects to quickly become self sustaining.
The primary uncertainties for the business going forward are ensuring funding is in place for
production, marketing, purchase order finance and accounts receivable finance, that will be needed
for a segment of the customer group, and the Company's ability to scale fast enough as demand for
the product grows. While the Company and its manufacturing partner, Xinpro Manufacturing, have
spent a significant amount of time and effort on amending the product design and manufacturing
process to ensure scalability, the Company does not have the resources to thoroughly test its
scalability plans.
Liquidity has mostly come from our lenders who have provided loans to the Company. With the
current issued and outstanding the Company needs to be cautious increasing the authorized
common stock further in irreparably damaging the market liquidity of the Common Stock. The
Company's proposal to the Depository Trust Company is intended to address this constraint.
Can you provide another company that already has a signed contract with the Republic of Guinea to build hospitals in Kankan and Nzerekore?
“The focus of HITES will be on excellence in execution and thereby building happiness,” he added “The scope of work includes analysis of the infrastructure gap, supervision of construction and equipment and capacity building,” Sathu added. “We expect to complete the project within 36 months.”
---------
On June 8, 2015, we announced that Mr. Cecil recently visited Guinea at the invitation of His Excellency, President Alpha Conde, to refine delivery schedules for the current MobileCare Supply contract and expand Kallo's on-going role as a key strategic partner to support Guinea in continued expansion of its healthcare delivery infrastructure.
Hon. Dr. Rémy Lamah, Minister of Health and Public Hygiene, confirmed by letter of April 14, 2015, the selection of Kallo, in addition to its role as supplier pursuant to the MobilCare Supply Contract, to design and build specialized hospitals in the regions of Conakry, Kindia, Labe, Kankan and Nzerekore, and asked Kallo to mobilize it's technical teams for site visits to engage in preliminary studies for the construction of these hospitals.
Can anyone provide proof TALK is under SEC investigation?
There have being many post on TALK under SEC investigation and we're all initialed to our opinion, but opinions are not fact.
So once again we're asking for proof not opinion that TALK is under SEC investigation.
They acquired but did not buy shares. Big difference.
The BOD gave themselves shares to prevent KASSETT RAJNI from the take over. It's in the November 20th SEC filing. Facts are facts.
Our authorized and unissued shares could possibly be used by management to oppose a hostile takeover attempt, delay or prevent changes of control, or changes in or removal of management...In addition, acquisitions of stock by persons attempting to acquire control through market purchases may cause the market price of the stock to reach levels that are higher than would otherwise be the case.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11026536
check the SEC Insider Transaction Summary for the Last 6 Months. Only one person buying shares.
http://www.otcmarkets.com/stock/KALO/insider-transactions
Do you have proof he was or is funding KALO?
Looks like Kallo may have increased their common shares from 5 billion to 15 billion in order to prevent Kassett Rajni from a hostile takeover.
To Our Stockholders:
We are writing to advise you that certain common and preferred stockholders, owning approximately 72.10% of combined voting power of the common and preferred stock, have approved by written consent in lieu of a stockholders' meeting, the proposal to increase our authorized shares of common stock from 5,000,000,000 shares with a par value of $0.00001 per share to 15,000,000,000 shares with a par value of $0.00001. On October 26, 2015, our board of directors unanimously approved the above proposal.
Why don't we deal what we know. It clearly states Project Management.
Your quick to criticize even when you get the countries wrong. So get your facts right first before going down the wrong path.
Papua new Guinea and Republic of Guinea is not the same.
Looks like the building of two hospitals in Guinea will be starting soon. Could it be the Kallo Contract?
HITES secures global contract for hospitals in guinea
HLL Infra Tech Services Limited (HITES), the fully-owned subsidiary of Public Sector HLL Lifecare Ltd (HLL), has secured its first global contract under which it will offer consultancy services for the construction of two hospitals in the Republic of Guinea
TALK will do just fine. Just wait and see.