Kallo Inc. (KALO)

[lloydm]

8-K came out December 2nd outlining the share structure

The aggregate number of shares that the Corporation will have authority to issue is Fifteen Billion, One Hundred Million (15,100,000,000) of which Fifteen Billion (15,000,000,000) shares will be common stock with a par value of $0.00001 per share, and One Hundred Million (100,000,000) shares will be preferred stock with a par value of $0.00001 per share.


The vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power. 7,724,159,747 – 72.10%


The aggregate number of shares that the Corporation will have authority to issue is Five Billion, One Hundred Million (5,100,000,000) of which Five Billion (5,000,000,000) shares will be common stock, with a par value of $0.00001 per share, and One Hundred Million (100,000,000) shares will be preferred stock, with a par value of $0.00001 per share.



AUTHORIZED: 15,000,000,000
OUTSTANDING: 2,275,840,453
RESTRICTED: 100,000,000
BALANCE THAT MAY OR MAY NOT BE ISSUED: 5,000,000,000
To Keep control of the company from takeover 7,724,159,747 – 72.10%

Looks like someone was going to take over control of Kallo, and they felt the need to increase the A/S in order to keep control. Only reason for for A/S increase, because O/S did not increase that much, but they could have done so.