Search Results for 'kior'

Federal judge orders KiOR’s former CEO, successor company to pay $4.5 million

Federal judge orders KiOR’s former CEO, successor company to pay $4.5 million

June 12, 2017 |

In Mississippi, the former CEO of KiOR, Fred Cannon, and the successor company to KIOR have been ordered by a federal district court judge to pay $3 million to the 23,000 shareholders who lost their money in the failed venture, along with $1.5 million plus fees for attorneys. The state’s suit against the former company […]

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KiOR – In Hindsight

KiOR – In Hindsight

April 26, 2017 |

By Dr Kapil Shyam Lokare, Special to The Digest “You can’t connect the dots looking forward; you can only connect them looking backwards. So, you have to trust that the dots will somehow connect in your future.” – Steve Jobs I have taken the liberty to connect dots in hindsight with one of the largest ventures in […]

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KiOR: The Inside True Story of a Company Gone Wrong. Part 5, The Collapse 

KiOR: The Inside True Story of a Company Gone Wrong. Part 5, The Collapse 

November 24, 2016 |

Our story so far In 2011, KiOR raised $150 million in its June IPO, claiming that it was generating yields of 67 gallons per ton in its Demo unit operations. But it was miles short of that. In our previous installments, we have charted how KiOR moved from a promising early-stage technology to a public […]

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SEC charges KiOR successor and former CEO with “failure to disclose” on yields; settlement looms

SEC charges KiOR successor and former CEO with “failure to disclose” on yields; settlement looms

September 28, 2016 |

In Washington, the US Securities and Exchange Commission has charged Texas-based Mard, Inc., formerly known as KiOR, Inc., and its former CEO and President Fred Cannon for “failing to disclose important assumptions about the yield that KiOR had claimed to have achieved through the company’s proprietary process of converting wood and other biomass into crude […]

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KiOR: The Inside True Story of a Company Gone Wrong. Part 4, the Year of Living Disingenuously

KiOR: The Inside True Story of a Company Gone Wrong. Part 4, the Year of Living Disingenuously

September 18, 2016 |

Our story so far In 2011, KiOR raised $150 million in its June IPO, claiming that it was generating yields of 67 gallons per ton in its Demo unit operations. But it was miles short of that. In our previous installments, we have charted how KiOR moved from a promising early-stage technology to a public […]

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KiOR: The inside true story of a company gone wrong. Part 3, “You’ve Cooked the Books”

KiOR: The inside true story of a company gone wrong. Part 3, “You’ve Cooked the Books”

August 3, 2016 |

Our story so far KiOR was hanging by a thread as the summer of 2010 commenced. In a few days, the first recorded visitors to Pasadena demo unit, representatives of the Mississippi Development Authority, were expecting to see the demonstration unit in action. The company was beginning to hurtle towards an IPO. But the fuel […]

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KiOR: the inside true story of a company gone wrong, Part 2

KiOR: the inside true story of a company gone wrong, Part 2

May 18, 2016 |

Note. This is Part 2 of our series on the inside true story of KiOR. In part 1 of our series, here, we explored: the formation of BIOeCON and KiOR, the problem of too much oxygen and coke, the entry of Khosla Ventures, and the loss of a CEO. Also, “a recipe for technical failure”, disastrous pilot […]

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KiOR: The inside true story of a company gone wrong

KiOR: The inside true story of a company gone wrong

May 17, 2016 |

Not long ago, KiOR quietly re-named itself Inaeris Technologies and launched a modest website which discussed the technology and management in little detail, but focused to an extraordinary extent on a declaration of values. Empowerment, honesty, fairness, “lessons learned from our collective experience” and so on. Warm, kindly Hallmark Card sentiments, universally popular, admired and […]

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Delays by companies who bought KiOR equipment hindering site investment

Delays by companies who bought KiOR equipment hindering site investment

May 17, 2016 |

In Mississippi, Georgia Renewable Power and Renewable Energy Group have been slow in removing the equipment they bought at auction in October from the former KiOR facility which is hampering sale of the site to foreign investors from Russia, India and another Asian country who individually want to take it over. The equipment was meant […]

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KiOR pays off back taxes with revenues from equipment sales

KiOR pays off back taxes with revenues from equipment sales

October 19, 2015 |

In Mississippi, KiOR has made good on the $1.1 million in back taxes it owed to local authorities, nine months late and eventually assessed with a 1% late payment fee. The funds will be split almost evenly between the local school district, the county and the city of Columbus where the facility is located. The […]

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