{"id":3697,"date":"2014-01-24T11:12:24","date_gmt":"2014-01-24T11:12:24","guid":{"rendered":"\/?p=3697"},"modified":"2014-01-24T11:12:33","modified_gmt":"2014-01-24T11:12:33","slug":"a-supply-contract-sends-kallo-inc-otcmktskalo-through-the-roof","status":"publish","type":"post","link":"\/articles\/a-supply-contract-sends-kallo-inc-otcmktskalo-through-the-roof\/","title":{"rendered":"A Supply Contract Sends Kallo Inc (OTCMKTS:KALO) Through the Roof"},"content":{"rendered":"

\"KALO.gif\"On December 9, 2013, about three hours before the start of the trading session, a press release appeared on Kallo Inc (OTCMKTS:KALO<\/a>)’s profile at Yahoo! Finance. In it, we read that the Republic of Guinea intents to implement a unique healthcare delivery system. The country’s Minister of Health and Public Hygiene announced that the project will start during the first quarter of 2014 and that it will use KALO<\/a>‘s revolutionary mobile healthcare system. <\/p>\n

Despite the massively optimistic news, nobody seemed all that interested. KALO<\/a>‘s stock remained virtually stationary and the dollar volume stood at less than $1,000. Having done a bit of research, we can see why investors seemed reluctant to place too much faith in the ticker.<\/p>\n

The 10-Q that covers the third quarter of 2012, for example, states that KALO<\/a>‘s management team “expect to see sales revenues from Kallo’s Mobile Care business unit in the next twelve (12) months<\/em>“. <\/p>\n

Twelve months later, the report for the corresponding period of 2013 revealed that their expectations have been a touch optimistic. As of September 30, the company had absolutely no revenues coming from its healthcare solutions while the balance sheet looked dismal. Here’s a quick rundown of the numbers as found in the 10-Q:<\/p>\n