Post by
Matteo1234 on Jan 13, 2021 6:33am
private placement
From my understanding KLY did a PP for .015 cents to raise $500,000. It was a bit undersubscribed. This caused an issue because they had another PP priced at .025 cents to raise $ 1.5 million. I bought into the first one. I believe the Banks had some problem with the financial statements (of course no earnings). So the chose a new auditor to back test. The banks take forever to grant certain ammendmants. Now with COVID it takes longer. Relax. The company is still alive. Stayhard@stayinthefight
Comment by
Bvukmanic on Jan 13, 2021 12:51pm
There wasn't a financing at $.025. Look at their financials, they don't have any cash left.