The penny stock of Kallo Inc. (KALO) took about 30 minutes to rev up their engines this morning before taking the bull by the horns and putting it on a rocket ship. Shares of KALO stock exploded mid-morning after news of the Company’s $200 million deal with the Government of the Republic of Guinea to supply customized healthcare delivery solutions to their Ministry of Health and Public Hygiene. To announce your very first revenue source to be so significant forced the hand on the red morning for every trader to take note and either buy the hype, or miss the boat.
Our Next Pick Is Coming Soon!
Click HERE To Make Sure You Don’t Miss Any Of Our Hot Penny Stock Alerts!
KALO Stock Quote
Market Cap: 61.53M
Last: 0.20 ▲ +0.17 (566.67%)
Dollar Volume: $215,368
Issued and Outstanding: 307,647,036
1st Resistance Point: 0.2425
1st Support Level: 0.0375
Looking for the Best Penny Stocks to Buy?
Click HERE To Receive FREE Penny Stock Alerts
African nations used for the purpose of PR’ing your penny stock to new highs has historically been an effective way to drive attention to you ticker. Not to say that his Excellency Doctor Edouard Niankoye Lama wanting to use Kallo’s MobileCare & RuralCare in order to implement a unique healthcare delivery program is a fraud, but the amount the deal is set for would put Kallo in the black more than 10X over.
As September 30, 2013, Kallo had an accumulated deficit of $18,692,060, no revenues at all for the nine months ended (same as the 9 month period ended on September 30, 2012, 2011,2010 and 2009.) to go along with cash on hand of $8,999 and the most significant asset, copyrights, valued at $865,000. The copyrights came about from the December 11, 2009 acquisition of 100% of the issued and outstanding shares of Rophe Medical Technologies Inc.
The deal puts Kallo’s MobileCare™, a holistic solution addressing healthcare delivery issues in rural areas, into the spotlight now. The system is designed to integrate with current healthcare infrastructures and optimizes the scope and efficiency of care by delivering higher standards through technology.
In Guinea that would be a helicopter with a GPS system.
Prior to this morning, KALO stock was a virtual unknown. Even the December 9 PR which indicated their intentions to do some business with the Republic of Guinea failed to create a buzz with KALO stock trading just under 100,000 shares.
Guinea, officially the Republic of Guinea, is a country in West Africa formerly known as French Guinea and has a population of 10,057,975 on an area of 246,000 square kilometres (94,981 sq mi). Therefore, the Kallo deal with his Excellency Doctor Edouard Niankoye Lama is gonna cost around $2 per head. Perhaps this will be a trend Obamacare can try to follow – GuineaCare.
Nevertheless, witnessing first hand, together with our VIP members in chat, the KALO run from around 10am this morning, 5 bagging a stock before its time to order lunch is about as good as you could ever wish for a Thursday morning to go.
About KALO Stock
Kallo Inc. is a development stage company focused on manufacturing and developing software designed to taking medical information from many sources, and then depositing it into a single source as an electronic medical record for each patient.
Last 5 Trading Sessions:
The support level for KALO is very far off its current levels and the chances of seeing it hold these intraday gains is looking better and better as each minute passes. No one in their right minds had KALO on their list of penny stocks to watch and had it not been for scanning the wires for something fresh, we wouldn’t have either. It will be interesting to see both how the ticker ends the week and how many newsletters throw claim to issuing alerts to 0.035. We sure aren’t.
Our Next Pick Is Coming Soon!
Text Keyword “AIMHIGH” To 99000 To Make Sure You Don’t Miss It!