Here is more information
on the Military Industrial Congressional Presidential Complex operative Vinod
Khosla and his adviser Condi Rice in the KIOR Caper.
Here is The Timeline:
Mississippi passes legislation
to loan KIOR $75 million on August 27, 2010
The term sheet for a
billion dollar loan is executed with US DOE in Feb 2011
Hunt Refining executes
offtake agreement with Kior on March 8, 2011
The State of
Mississippi loan closes on March 17, 2011
Kior issues the first
S1 for their IPO on April 11, 2011 with lots of discussion of the US DOE loan
http://www.sec.gov/Archives/edgar/data/1418862/000095012311034676/h80686sv1.htm
http://www.sec.gov/Archives/edgar/data/1418862/000095012311034676/h80686sv1.htm
Catchlight (Chevron
Weyerhaeuser) execute an offtake agreement on May 3, 2011
May 10, 2011 letter
from DOE to KIOR telling KIOR the DOE loan may take till June.
Fedex executes an
offtake agreement with Kior on May 12, 2011
KIOR voluntarily “gave
up” on DOE loan on May 15, 2011
SEC asks KIOR about
the status of the DOE loan May 27, 2011
KIOR's lawyer replies to the SEC on June 1, 2011 linked below
http://www.sec.gov/Archives/edgar/data/1418862/000095012311055749/filename1.htm
KIOR's lawyer replies to the SEC on June 1, 2011 linked below
http://www.sec.gov/Archives/edgar/data/1418862/000095012311055749/filename1.htm
Condi Rice announces
she will join the board in July but this is announced on June 22, 2011 just two
days before the IPO.
https://gigaom.com/2011/06/22/condi-rice-to-join-board-of-biofuel-startup-kior/
https://gigaom.com/2011/06/22/condi-rice-to-join-board-of-biofuel-startup-kior/
Amended S1 filed on
June 22, 2011. The DOE loan is out
of the S1 document but Kior had already taken $28 million from Old Miss under
the state loan
http://www.sec.gov/Archives/edgar/data/1418862/000095012311060902/h80686a7sv1za.htm
http://www.sec.gov/Archives/edgar/data/1418862/000095012311060902/h80686a7sv1za.htm
Kior has its IPO on
June 24, 2011.
https://gigaom.com/2011/06/24/biofuel-firm-kior-closes-flat-in-ipo/
https://gigaom.com/2011/06/24/biofuel-firm-kior-closes-flat-in-ipo/
I believe there have to
be records under the FOIA about the third party's view on the technology.
The April 11, 2011 S1 was full of statements about the third party hired by the
US DOE that was to review the technology.
KIOR claimed the DOE loan was not taken because they had to start
construction on September 30, 2011. In the April 11, 2011 S1 the
September 30 date is mentioned several times and was not a problem. This timing issue is probably a smoke screen
for other problems with the DOE loan.
There has to be a
third party report given to the US DOE around the end of April or early May
2011 on the technology. I want to see if
the third party reported that KIOR would likely not yield the quantities of
diesel and gasoline they claimed. This report
will resolve if Khosla et al at Kior pulled a fast one on Mississippi as well
as investors who bought into the IPO.
Also as the IPO was only source of funds for the company after the DOE went hasta lavista, the announcement that Condi Rice would join the board was probably made to prop up the IPO.
Also as the IPO was only source of funds for the company after the DOE went hasta lavista, the announcement that Condi Rice would join the board was probably made to prop up the IPO.
شركة نقل عفش بجدة
ReplyDeleteشركة نقل عفش بالمدينة المنورة
شركة نقل عفش بالدمام
شركة نقل عفش بالرياض
شركة نقل عفش بمكة
شركة نقل عفش بجدة
ReplyDeleteشركة نقل عفش بمكة
شركة نقل عفش بالطائف
شركة نقل عفش بينبع
شركة نقل عفش بالدمام
شركة نقل عفش بنجران