Kallo Inc. (KALO)

[Sage7243]

That is old news. Check out SEC filings. As I understand it, Mr. Cecil did not understand why his company should be a "Going Concern" with a $200,000,000 Supply Contract. The old auditor was concerned that the Facilitator payment was a bribe. Cecil had a FCPA expert who said it was not. The old auditor did not believe him, and wanted a second opinion. This. Took. Forever.

So, Cecil, who rightfully grew impatient, fired the old auditor and went back to Malone-Bailey, whose internal experts said that FCPA was not an issue, but the company could not get rid of its going concern until the money rolled in.

Please do your own DD and do not rely on me or anyone else.

But, those letters are in the filings as Exhibits.