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Friday, June 17, 2016 12:17:03 PM
Clearly, the hiring of folks last year during high market cap times and for those folks to turn around and leave so soon implies something happened.. Was a contract down payment secured and then fell through?
I don't buy the argument that ITD tripled their capacity, acquired an expensive facility and made upgrades to it to service their current business flow. I haven't seen much press about a bunch of new business. Plus the timeline kinda speaks to a stutter step approach to that facility..
I don't see how Kallo could land a contract without staffing or hard assets to back up the execution.
ITD seems interested in the mobile/modular medical and health industry. Seems like it could be a good fit for them. Do they need Kallo?? Would public markets help their flexibility and global exposure?? Is there any ties left between the two companies??? I don't know.
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