Kallo Inc. (KALO)

[rjbluesky]

$KALO.

"Thereafter, we will increase the authorized shares of common stock to 1,150,000,000 shares of common stock with a par value of $0.00001 for the purpose of issuing FE Pharmacy, Inc. 475,000,000 common shares. In consideration of the issuance of 475,000,000 shares of common stock, FE Pharmacy has agreed to pay all outstanding indebtedness of KALO that existed on April 7, 2017. We believe the foregoing transaction will be in our best interest and the best interest of our shareholders and will remove all our outstanding liabilities from our balance sheet and will make us more attractive to investors in the future."

https://www.sec.gov/Archives/edgar/data/1389034/000100201417000083/kalosch14cpre-05052017.htm

As you say, the r/s is still pending and we don't know about the debt payback status until the company goes current as stated they will in the SEC filings by Oct 7, 2017.