Kallo Inc. (KALO)

[GreenHarvest]

Yes authorized shares are not issued and outstanding but they could be issued. Unless the shareholders worries are eased by solid information from the company backed by verifiable actions, they have the right to panic. But as you mentioned, this is all a normal part of the high risk (and hopefully high return) stock this one is.

Another interesting information is form the document Proxy Statement - Other Information (preliminary) (pre 14c) below:

On October 26, 2015, John Cecil and Lloyd Chiotti who beneficially owned 7,724,159,747, or approximately 72.10% of the combined voting power of the common stock and Series A preferred stock consented in writing to amend our articles of incorporation and increase the authorized shares of common stock from 5,000,000,000 shares to 15,000,000,000 shares with a par value of $0.00001 per share.

Which means that Cecil and Lloyd Chiotti combined own 72.10% of the total shares value and also they voted alone, and they would bear the major damage if the stock is diluted. Normally people don't take actions that harm them. All that calls for an explanation. Hopefully today's expected update (mentioned in post #6077) will make sense of it.