This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SHAREHOLDER ALERT: Law Firm Of Wohl & Fruchter LLP Announces Investigation Of KiOR, Inc.

The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of KiOR, Inc. (KiOR) (NASDAQ: KIOR).

KiOR is a renewable fuels company that has developed a proprietary technology platform to convert cellulose and other plant-derived materials into renewable crude oil that is processed into gasoline, diesel and other fuels. The Company built the first commercial scale cellulosic fuel facility in Columbus, Mississippi.

On KiOR’s first quarter 2013 earnings call held on May 9, 2013, the Company’s CEO, Fred Cannon, projected that total fuel production at the Columbus facility during the second quarter of 2013 would range between 300,000 and 500,000 gallons of fuel, thus keeping the Company on track to produce 3 million to 5 million gallons of fuel in 2013.

Then, on August 8, 2013, KiOR announced that it had only shipped 75,000 gallons of fuel from the Columbus facility during the second quarter. As a result, revenue in the quarter was only $239,000, about 12 percent of the $1.93 million average of five analysts’ estimates compiled by Bloomberg.

On the above news, KIOR shares have dropped over 40% since closing at $4.76/share on August 7, 2013.

Persons with relevant information, and KIOR shareholders with questions about this investigation, are invited to contact the attorney below, or our Firm by calling 866.833.6245.

Additional information is available on our website at: http://www.wohlfruchter.com/cases/kior.

About Wohl & Fruchter

Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

This release may be deemed to constitute attorney advertising.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,690.46 -55.52 -0.31%
S&P 500 2,103.45 -5.18 -0.25%
NASDAQ 5,127.3060 -1.4790 -0.03%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs