Kallo Inc. (KALO)

[Signus]

In short: Kassett undertook to pay all of Kalo debts (CRA, employees, suppliers, debtors etc) of almost 4M. In exchange for about 90% post RS Kallo common shares. RS happened, 90% shares were issued to Kassett, another truck load of shares got issued to BoD as salaries/bonuses, and NO DEBTS GOT PAID. They moved the debts from Kalo books to Kassett’s company in exchange for shares issued to Kassett and claim that they r a debt free company with ‘supply contract agreements’ of 100s of millions of dollars. That’s a synopsis 4 u SeeSilicel