KiOR’s problems get worse as former board member blows whistle

In Mississippi, KiOR is neck-deep in two federal shareholder lawsuits as well as is under investigation for two similar suits by the SEC while trying to secure funding via Guggenheim Partners in order to pay its no-interest loan payment to the state by the end of October, and now a former board member—cum CTO—cum consultant is saying he had previously warned the board about technical problems at the plant near Columbus. KiOR denies his claims, spoke with people outside the company without authorization, failed to provide a key report to the board so was asked to leave, and above all, say he may have violated the company’s insider trading policy.