Kallo Inc. (KALO)

[rjbluesky]

An honest opinion based on the past actions of management but what few actual retail shareholders are left here are hoping that management is taking a different direction this time around. IMO, does it make any sense whatsoever to start the dilution and high salary payouts right off the bat with the current restructure that appears in the works? We wait to see as this will likely IMO be the last chance KALO will have to boom or as you imply bust and go into the ditch again.

Actual shareholders here are hoping for the best as we've been sitting on a non-value stock for at least a couple of years for most of us. We would like nothing better than this company do the right thing and be a success going forward. It's always prudent to consider the possibility of the other bad side of the coin based on the past.

From the 14C filing this past May.

We are writing to advise you that certain common and preferred stockholders, owning approximately 54.55% of combined voting power of the common and preferred stock, have approved by written consent in lieu of a stockholders' meeting:

1.
To reverse split our authorized and outstanding shares of common stock on a 1 for 600 basis from 15,000,000,000 authorized shares with a par value of $0.00001 per share to 25,000,000 authorized shares with a par value of $0.00001.  All fractional shares will be rounded up to the next whole share.

2.
After the completion of the foregoing reverse stock split, to increase the authorized shares of common stock from 25,000,000 to 1,150,000,000 shares with a par value of $0.00001 per share.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12075292-1161-38311&type=sect&TabIndex=2&companyid=736857&ppu=%252fdefault.aspx%253fcik%253d1389034