KALO explained in the 14C filing various scenarios as to why they were raising the a/s to slightly over 1 bil. A 1.1 bil a/s is a lot better than the previous 15 bil.
Thinking the few KALO officer insiders and Rajni Kassett + FEPI will control after the split 90+% of the common shares.
Big question is what is coming into the shell? Has to be something sizable IMO as they still appear per this past Friday's 14c filing to be occupying the large 11,500 sq. ft. Markham location they leased in mid 2014.
Interesting link as follows about the large office.
consider 475 given to the other company FEPI they have to do that. I guess there is no option.Many stinky pinkies keep the same AS after RS but these guys atleast coming down from 10 billion to 1 billion. That's a good sign.
News 
Market Data 
Discover 
