With all due respect, you CANNOT keep these conversations private - at all.
Best of luck to everyone that owns stock in KLDO, and I mean it. But - as you said - this is a public company, and they have to follow the rules just like everyone else.
Ignorance on their part is no excuse whatsoever, they are being advised by Otto Venture Capital, one of whom is the VP of Operations for KLDO. The "I didn't know" explanation is a very, very, troubling sign.
If SEC gets wind of their marketing a product that hasn't existed there will be more trouble.