Kelso rolls back 7:1

Welcome To The Kelso Technologies Inc HUB On AGORACOM

Edit this title from the Fast Facts Section

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

Reply New Message

Prev Message Back To Forum Threaded View Next Message

ProfitLeader

Rank: Vice President [?]

Points: 1093 [?]

Votes: 36 Score: 3.4 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Kelso rolls back 7:1

posted on May 17, 2010 03:46PM

Ouch and massive dilution, at least previous management's been kicked out...

Kelso completes 1:7 rollback

2010-05-13 12:40 ET - News Release

Mr. James Bond reports

CONSOLIDATION OF CAPITAL

Pursuant to a special resolution passed by the shareholders on Feb. 5, 2010, Kelso Technologies Inc. has consolidated its capital on a 1:7 basis. The name and the trading symbol of the company will remain unchanged.

Effective at the opening Thursday, May 13, 2010, the common shares of the company commenced trading on the TSX Venture Exchange on a consolidated basis. Postconsolidation capitalization will be an unlimited number of common shares with no par value, of which 12,354,869 are issued and outstanding. No shares are subject to escrow.

New management is currently reorganizing and arranging new equity financing for the company's business plans. The company is completing a private placement of up to $1.5-million in order to further develop its marketing and new product initiatives. With the expected economic recovery, the enforcement of United States and Canadian environmental regulations for shippers of commodities, and the effects of wear and tear on existing railway fleets, it is expected that the railway industry will rebound significantly over the next decade. Management is confident that the company's current reorganization will provide a solid structural and financial foundation from which to build a business reputation as a reliable supplier of best-available-technology products to customers in the railway industry. Once established, Kelso will work diligently to maintain its reputation as a valued supplier of pressure relief and inspection valves to the rail tank car sector.

We seek Safe Harbor.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply