Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. OTC Markets
  5. Kallo Inc.
  6. News
  7. Summary
    KALO   US48343P2083

KALLO INC.

(KALO)
SummaryQuotesChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

KALLO INC. : Unregistered Sale of Equity Securities (form 8-K)

10/18/2021 | 05:03pm EST

Item 3.02 Unregistered Sales of Equity Securities.

On October 7, 2021 our Board of Directors approved the issuance of the following shares of our Common Stock (the "Subject Shares"): (1) 2,532,000,000 Subject Shares to John Cecil; (2) 610,000,000 Subject Shares to Lloyd Chiotti; (3) 1,284,000,000 Subject Shares to Rajni Kassett; (4) 136,000,000 Subject Shares to Samuel R. Baker; (5) 282,000,000 Subject Shares to Samuel Pyo; and 361,000,000 Subject Shares to John Peter Maria Soosai.

All of the Subject Shares were issued with a restricted securities legend pursuant to the claim of exemption provided by Section 4(a)(1) of the Securities Act of 1933, as amended (the "1933 Act"). We did not incur any fees to any FINRA-registered broker-dealer or any other person in connection with the issuance of the Subject Shares.

                                      -2-

Each person who is to receive any of the Subject Shares duly executed a subscription agreement confirming that: (1) they understood that the Subject Shares are restricted securities; (2) they were acquiring the Subject Shares for investment purposes only and not with a view to any re-sale or distribution; (3) they received and reviewed certain of the Company's periodic reports as filed with the Securities and Exchange Commission and that they had a sufficient opportunity to ask questions of the Company's management regarding the Company's corporate and financial affairs and the Company's prospects and to receive answers to all said questions that allowed them to make an informed investment decision.

We did not use or employ any FINRA-registered broker-dealer in connection with the issuance of the Subject Shares and we do not anticipate incurring any fees or commissions payable to any third party in connection with the issuance of the Subject Shares.




RISK FACTORS



The reader of this Form 8-K is reminded that they will need to review and evaluate the risks and uncertainties that are listed and presented in Item 1A of our 2020 Annual Report on Form 10-K. We are a small public company with limited financial and managerial resources and any person who acquires our Common Stock, our Preferred Stock, or any debt instrument that we have issued should understand that our securities are "HIGH RISK" investments suitable only for those persons who can accept the total loss of their investment.

In addition, any person who acquires or seeks to acquire our Common Stock should know that on March 24, 2001 we were informed that the Securities and Exchange Commission, pursuant to Section 12(k) of the Securities Exchange Act of 1934, as amended, suspended trading of our Common Stock for a period from 9:30 A.M., EDT on March 24, 2021 through 11:59 P.M. on April 7, 2021.

We are disappointed by this trading suspension and while we are hopeful that we may be able to resolve any matters that resulted in the trading suspension, we have not yet had any discussions with the staff at the Securities and Exchange Commission that would allow us to accurately understand all of their concerns. In that light we cannot assure you that we will successfully resolve their concerns or whether we can regain the tradability of our Common Stock either within the ten (10) day suspension period or if ever.

We are a small company and due to our state of insolvency, we may not be able to undertake and obtain the funds needed to undertake the necessary and customary steps needed to successfully regain tradability of our Common Stock. For these and other reasons, any person who acquires our Common Stock, our Preferred Stock, or any of our debt instruments should be prepared to lose their entire investment.

As we have said previously, our stockholders are reminded that our business strategy involves significant risks and uncertainties over which we have little or no control. These risks and uncertainties are far higher today given the current uncertain environment of the COVID-19 and the global pandemic and we do not anticipate that these risks and uncertainties will decline in any material respect at any time in the foreseeable future.

                                      -3-

© Edgar Online, source Glimpses

All news about KALLO INC.
2021Report and in management's discussion and analysis of financial condition and results o..
AQ
2021Kallo Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended Septemb..
CI
2021KALLO : Unregistered Sales of Equity Securities - Form 8-K
PU
2021KALLO INC. : Unregistered Sale of Equity Securities (form 8-K)
AQ
2021KALLO : ARTICLES OF INCORPORATION (Form 8-K)
PU
2021KALLO INC. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission o..
AQ
2021KALLO : Report and in management's discussion and analysis of financial condition and resu..
AQ
2021Kallo Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
CI
2021Kallo Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
CI
2021KALLO : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATI..
AQ
More news
Financials (USD)
Sales 2020 - - -
Net income 2020 -36,1 M - -
Net Debt 2020 1,36 M - -
P/E ratio 2020 -1,21x
Yield 2020 -
Capitalization 97,9 M 97,9 M -
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 4
Free-Float 80,5%
Chart KALLO INC.
Duration : Period :
Kallo Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
John Cecil Chairman, President, CEO, CFO & Treasurer
Marion B. Lyver Chief Medical Officer
Rod MacMillan Technology Director
Lloyd A. Chiotti Chief Operating Officer, Director & Executive VP
Samuel R. Baker Secretary & Director
Sector and Competitors
1st jan.Capi. (M$)
KALLO INC.0.00%98
ACCENTURE PLC-19.20%211 689
TATA CONSULTANCY SERVICES LTD.0.84%186 538
INTERNATIONAL BUSINESS MACHINES CORPORATION1.83%122 055
INFOSYS LIMITED-8.77%96 550
AUTOMATIC DATA PROCESSING, INC.-12.04%91 390