Kontrol Technologies Corp N.KNR

Alternate Symbol(s): KNRLF

Utilities Software - Application Utilities - Independent Power Producers

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.

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Kontrol Technologies Corp > PYR's TSX uplist example

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Comment by Whydunniton Dec 16, 2020 2:18pm

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Post# 32120303

RE:RE:PYR's TSX uplist example

Not really helpful, no. Maybe this will be:

https://www.tsx.com/resource/en/125

Under the column TSX NON-EXEMPT TECHNOLOGY ISSUE:

"Cash in Treasury -- Minimum $10,000,000 in the treasury, the majority of which has been raised by the issuance of securities qualified for distribution by a prospectus"

Unless KNR has $5,000,000.01 its treasury that can be attributed to a raise by the issuance of securities, then I'd say there's a pretty good chance they'll have to issue more shares if they plan on listing as a technology company. Actually, it looks like a certainty. If they're planning on listing as an industrial company the requirement for 50%-plus is not in force, but I doubt that's their plan.

HTNYC1 wrote: Yes Whydunnit, there are some very specific stipulations as you say. The most comprehensive list i could find were these:

Shareholders Equity of at least $2,000,000

At least 100,000 shares of public float

A minimum of 300+ shareholders

Total assets of $4,000,000

At least two market makers

$3 minimum bid price of the company stock

Public float market value of $1,000,000

Based on this I don't see any need for further dilutation (via insider sales). Their cash position currently exceeds the benchmark as well.

The only stipulation where they are currently in deficit would be the share price (would need to trade around $4 CAD to meet that. I believe they will announce material sales soon and at that point we should bounce and hold well above that benchmark unless the aforementioned market makers get up to any funny business.

We have a widely distributed shareholding at present (because of the fragmented retail dominated ownership) so that isn't an issue. If institutions start buying out retail in large blocks and consolidating then that might be an issue due to low float but that is, as they say, a first world problem because they'd only be doing that is we were at around a $250-400m USD market cap (or 3-4x current).

Hope helpful,
GLTA

HT