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Kontrol Technologies Corp KNRLF


Primary Symbol: N.KNR

Kontrol Technologies Corp. is a Canadian company, which is engaged in smart buildings and cities through Internet of things (IoT), cloud and software as a service (SaaS) technology. The Company provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings. It aggregates data generated by IoT devices in cloud-based management and analytics services. This allows remote devices to be monitored and controlled by facilities managers via smartphones and tablets. The Company has collected and analyzed approximately 15 billion data records across various buildings. It is developing a suite of IOT devices, including the Smart EMS and various related sensors to connect buildings and make them intelligent. It provides in-suite building automation solutions and can be integrated into existing building automation systems.


NEO:KNR - Post by User

Comment by Mostlyseriouson Nov 18, 2022 10:14am
86 Views
Post# 35110153

RE:RE:RE:RE:RE:RE:Would you look at that..

RE:RE:RE:RE:RE:RE:Would you look at that..If you are talking about that insider transaction, two things.  First, those were not company's (our shares) but that of an insider. Second, they were shares (I imagine which could have been sold by the recipient after the receipt).  Not shares sold on the market and then cash forwarded to the recipient.

One relevant question is what benefits the insider received and whether the timing was appropriate given that he reasonably should have known that the value of those shares would have been to some extent lower had the donation occured after the disclosure of the quarterly results. The whole question whether that transaction was done during what could have reasonably been a blackout period during which time no insider transactions should take place. 

I do not recall exactly the last time that PG answered questions publicly.  Because of that, I did not listen to the last conference call but it sounds like he didn't this time either  The transcript that I saw seemed like the majority of the content was pretty well verbatim from the news release.  So, thanks but no thanks, I can read.  Through news releases, I understood very well that they deliberately sought to expand the 10,000 Biocloud unit monthly manufacturing capacity to 20,000 and even sought out and received government money to do so.  He never wrote or said publicly why he did that, but I think an average person would have reasonably deduced that he had foresight into demand that was above 10,000 monthly....MONTHLY....units...even for one month.  I am no expert but one could easily argue that his disclosure practices were inadequate, and those led to many people losing a lot of money.  No such investors ever recovered money lost through such means unfortunately. The best that can happen to us in practice going forward is not to be getting information from him anymore IMO. Let someone else decide how that happens.
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