KLDO - First I would like to say that I am right there with everyone else when I say I was completely taken a back by today's announcement. I had known Ron's intentions were to update everything in regards to becoming current as the business progressed and Sales began. I have been in contact with the company, probably speaking to them on average once a month over the past 9 months, with most of that being in the past 2 months. Many of you have seen my complete correspondence with Ron and the companies counsel. There have been zero warning signs on my end, and plenty of progress that the company is currently going through. In fact, I haven'tt sold a share in 2013, and have only bought. I can prove that if anyone needs me to. I have under 50k short of 11 million shares, which is close to $20K tied up in KLDO. That is a ton of money to someone like myself, and I know many of you as well.
I called Ron personally today. 95% of our past correspondence was via email over the course of several days. Those of you that know Ron's background, understand that he essentially ran several gyms in his past before coming CEO. In March of 2012, he took the CEO position with KLDO, in an effort to produce, launch, and sell Kiosk software. He had never run a public company before. Recently, throughout 2013, many strides had bee made in this area. KLDO was and is currently very close to some very, very big things. Today I emailed Ron as soon as I found out. Within 30 minutes of that, I called Ron. Ron answered, I told him who I was, and he asked me to hold as he let another person go. He clicked back over and told me that this was news to him, and that he called KLDO's counsel and that is where he was planning to go later that day. Ron called me back around 1:30 PM. I asked him about what his plans were. He told me that they hadn't gotten any Dilequincy letters and that this was a complete shock. He told me he took over this shell and it was a mess and that he wasn't the slightest bit concerned about filing because frankly their was nothing to report and to waste their money on at that time. That the plan was always to get current as business started rolling in. Again, Ron's fault here as CEO is not being versed in this side of the business and at the time, I agreed that his thoughts made sense. Now, as far as filing, they aren't completely blind here. The were in the process of gathering someone to make them current, letting me know that it will cost roughtly 40 to 50k to do it, but they had already gotten quotes and identified potential people. They were/our seriously, from a Sales standpoint, on the verge of a launch that could bring them millions in revenues immediately in a quarter (my estimation, but I don't feel that I am excaggerating). I told Ron that he may not feel the pressure, but I am getting a ton of it to explain what their action plan was. He told me he understood and that they are formulating a letter as we spoke in response and that this is just another hurdle that he would have to overcome with this company since his inception. He had ways to pay for the financials and that he would continue to progress the company as he had been doing. Tomorrow, I will call and see what progress had been made. You all are welcome to do so as well. The last thing I want, is to not only lose my investment, but jeopardize everyone else's because they are listening to me for themselves. I am being 100% transparent, and I'm being honest when I say that I have seen this company trading at the $0.05 level and beyond this year based on the information I had. At this point, that's obviously a tainted picture, but I remain optimistic that they tackle this hurdle. The nice part is, if they do tackle it, they will be serious about progressing from that point forward as from what I have been told, which is documented, that very very large things are on the horizon. Again, KLDO to me had zero reason to keep responding to me ast they weren't diluting, nor would he answer, call me back, and continue to talk to me after today's announcement. I hope to have more info moving foward, but again, I encourage anyone that is curious to find out more to contact the company. Best of luck, and I truly am sorry for the added stress here. I've been a transparent middle man, and am just relaying communication I have had and I would bet I own more shares here than anyone else.. If this challenge gets resolved, their is no doubt in my mind that KLDO will be a success. The question is, will this get resolved, and when? I will push and do my best to get some much deserved answers as time goes on.
PS - I don't think they are as far off as some may think as they had financials done, but not filed with SEC. Link