Kallo Inc. (KALO)

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If the float is only 570 mil ?

Why did they need to increase the AS by 4 billion shares ?


Look at the DEF14c dated Sept. 15th

They just just raised the AS from 1 bil to 5 bil ?


KALLO INC.
675 Cochrane Drive
West Tower, Suite 630
Markham, Ontario L3R 0B8
[phone]


NOTICE OF ACTION TAKEN BY WRITTEN CONSENT OF OUR MAJORITY STOCKHOLDERS


To Our Stockholders:

We are writing to advise you that certain common and preferred stockholders, owning approximately 76.60% 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 1,000,000,000 shares with a par value of $0.00001 per share to 5,000,000,000 shares with a par value of $0.00001. On September 8, 2015, our board of directors unanimously approved the above proposal.