Replies to post #10088 on Kallo Inc. (KALO)

[rjbluesky]

Good question ohmyohmy. KALO appears to only be behind 2 quarters with doing their quarterly reports. This excerpt from the April 17, 2017 8K.

3.10 Financial Statements. Year-end and quarterly unaudited financial statements up to September 30, 2016, are available from KALLO.

[kingpindg]

It is highly unlikely that FINRA would approve a R/S without Kallo being current.


Factors that may be considered by the FINRA Operations in finding a request to process documentation related to a Company-Related Action deficient are explicitly limited to the following:

1. FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority;
2. the issuer is not current in its reporting obligations, if applicable, to the SEC or other regulatory authority;
3. FINRA has actual knowledge that parties related to the Company-Related Action are the subject of pending, adjudicated or settled regulatory action or investigation by a regulatory body, or civil or criminal action related to fraud or securities laws violations4;
4. a government authority or regulator has provided information to FINRA, or FINRA has actual knowledge, indicating that persons related to the Company-Related Action may be potentially involved in fraudulent activities related to the securities market and/or pose a threat to public investors; and/or
5. there is significant uncertainty in the settlement and clearance process for the security


https://www.finra.org/sites/default/files/NoticeDocument/p121988.pdf



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