More than plausible that the discussions with financiers went something like this.
Kallo has no experience or human resources to take on PMC role in Guinea, additionally government travel restrictions are more likely in crisis limiting the effectiveness, risking the investment. The financiers of project may have then decided to seek alternative options to lead the installation, PMC efforts in country. However, there is still the issue of a WHO can effectively design, test and manufacture the infrastructure(hospitals) BEFORE delivery. This could very well come from Kallo/ITD. With Hites now being "official" PMC, could everything be waiting on a finalization of design/delivery plans with the PMCs input?
There is a reason for very high insider equity ownership and most employees are still referencing Kallo. On top of the companies clear intent to not induce interest/stock buying which leads to more dilution which has even been a concern of the most critical here, oddly enough. ;)
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