CaliPharms Inc (KGET)

[rawman]

As of December 31, 2016, KGET showed 6.5 BILLION OUTSTANDING SHARES. The FLOAT was the same, i.e. 6.5 BILLION SHARES. KGET currently has 10 BILLION AUTHORIZED SHARES.

Since December 31, 2016, Bobo "THE CLOWN" Linton has authored PR's indicating two notes have been paid. One settled note had a principle value of $50,000 and the other $40,000. Accrued interest was added to each payoff, so the exact payoff amounts are unknown. Since KGET had NO CASH to settle the notes, it is highly probable the settlements were accomplished by issuing additional KGET shares. Also, to incent the lenders to convert, it is quite likely Bobo added a substantial number of "incentive" KGET shares to each transaction.

With these payoffs in mind, it is very probable the OUTSTANDING SHARE COUNT has surpassed 7 BILLION AND COULD BE APPROACHING 8 BILLION SHARES! If THE CLOWN had any interest in transparency, KGET's OTC Markets site would be updated and brought to current!

At the current share price and "burn rate" KGET is going to quickly plow through its remaining AUTHORIZED SHARES! Were this to happen, it could be extremely problematic for Bobo "THE CLOWN" Linton, as KGET would need FINRA approval to increase the AUTHORIZED SHARE limit. HISTORICALLY, FINRA HAS NOT BEEN "KIND" TO KGET! Bobo has a similar FINRA ISSUE if KGET were to seek approval for a REVERSE SPLIT!

KGET's desperate financial situation could get even more interesting!