Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum Kontrol Technologies Corp N.KNR

Alternate Symbol(s):  KNRLF

Kontrol Technologies Corp. is a provider of energy management, continuous air quality and emission solutions to commercial and industrial consumers. It delivers building intelligence through the Internet of things (IoT), software and cloud technology as well as project integration. Its smart technology is deployed to customers through a cloud-based interface accessible on desktops and mobile... see more

NEO:KNR - Post Discussion

View:
Post by jakethesnake2 on Apr 14, 2022 7:56pm

News

How will market react to the news ?


Kontrol Technologies Files Revised Business Acquisition Report and Provides Update on Proposed US Listing Application

N.KNR 

Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) ("Kontrol”) a leader in smart buildings and cities through IoT, Cloud and SaaS technology, announces that today it has revised and refiled its business acquisition report (the “Revised BAR”) in connection with its previous acquisition of all of the issued and outstanding shares of Global HVAC & Automation Inc. (“Global”). The Revised BAR contains interim financial statements of Global for the period ended July 31, 2021, rather than for the period ended June 30, 2021, which was contained in the business acquisition report initially filed with respect to the acquisition of Global. The financial statements have also been revised to address certain deficiencies (such as not including a statement of retained earnings, cash flow statement or notes to the financial statements). 

This filing is being made at the request of staff of the Ontario Securities Commission (the “OSC”) in connection with an OSC review being conducted in connection with the filing of a short form base shelf prospectus by Kontrol. The Revised BAR replaces and supersedes the business acquisition report filed by the Company on October 13, 2021, with respect to the acquisition of Global. 

Kontrol also wishes to provide an update on its previously disclosed intention to seek a listing on a major US stock exchange, as set out in a previous press release on December 29, 2021. While Kontrol has had preliminary discussions with a US stock exchange in respect of this objective, due to market conditions no formal application to list on any US exchange has been made at this time.

Comment by yearninyank on Apr 14, 2022 9:50pm
Jesus f'n christ... f' up of major pro - f'n portions. Wait, we didn't ask Nasdaq to ovelook our penny stock status and let us in anyway? Hell, we deserve a share price beatdown now. Thanks Ghezzhole! Another day, another major disappointment in KNR world. Maybe now we can talk about who should be at the helm?
Comment by Rogg47 on Apr 14, 2022 10:13pm
I've been saying that for the past 12 months, PG OUT!! What a joke....
Comment by navajojoe on Apr 14, 2022 10:50pm
This post has been removed in accordance with Community Policy
Comment by Jordan91 on Apr 15, 2022 2:06am
Thanks KNR for telling us what we already know.. clearly we can't get on Nasdaq when we can't maintain a $2-3 SP nor stay above the MA with our current micro-cap status. Market conditions are unfavorable, but can KNR make its stock more favorable sometime this year? I can't wait to get my money out of this position and move it to something that actually provides a ROI.
Comment by Jordan91 on Apr 15, 2022 4:30am
The interview Paul had with Proactive is actually pretty good. His reasoning for delaying uplisting is a strategic approach in that they want to have a US aquisition first, the reasoning/logic is that you can move to the markets and be an orphan and that they see a lot of canadian companies move over to the US exchange and see no benefit.  He said "we're very particular about the ...more  
Comment by Rogg47 on Apr 15, 2022 6:26am
As he was extremely very excited about Biocloud.......... In his case, talking is one thing but delivering is not!! Mid April now and still no news about HC results.........
Comment by Jordan91 on Apr 15, 2022 12:53pm
True, but at least we know governments and companies are actually taking emissions more seriously, maybe if they gave tax rebates and incentives for having a device like Biocloud installed it would have had more interest, and yeah.. HC being way over its timeline. The major REIT they have in the US, first install is going to be in Florida and the issue they were having is that the common areas ...more  
Comment by yearninyank on Apr 15, 2022 1:18pm
It is unconscionable that we still have no explanation about that. It is beyond the scope of what I consider a responsible person's duty to communicate honestly with people allows. It pisses me off. All of it. This backing away from Nasdaq, this correction... announcing it it Thursday PM before Good Friday.... just weak and embarassing. Does this company have a board of directors or not?
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities