I think this has been explained before as to why there is a greater need for now of the KALO services in places like Africa and other developing continents and countries than in places like Canada and the U.S. There are several check points to confirm the company is legit and has made the contacts in Africa combined with the fact the company is an SEC reporting company, hence, against U.S. law to make stuff up. The top management of KALO are professionals with stellar previous work experience. Whether they can deliver with KALO is obviously yet to be seen.
There are always a few skeptics or self anointed "Sanctimonious Guardian Angels" who would say it was raining when the sun was shining and likely are non-stockholders. The KALO situation is complex as to what direction they will go given only an approximate $1.6 mil TOTAL debt including the notes. As I indicated yesterday, I think KALO has 3 directions they can go and this needs to be done fairly quickly IMO.
1. $100s of millions finally received from Ghana, Guinea, Chad, etc. Fairly small $ loans including notes to be paid off given the revenue potential.
2. Takeover or Merger by a large group keeping in mind, the current TOTAL debt is under $2mil including the noteholders.
3. Chapter 11.
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