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More Trouble Brewing at KiOR

BioRefineries/Renewable Fuel Production, Business News/Analysis, Federal Agency/Executive Branch, Opinions, Securities and Exchange Commission
September 9, 2014
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by Jim Lane (Biofuels Digest)  Key figure and company director Paul O’Connor resigns. Allegations relating to possible inside trading, suppression of 3rd party technology report laid by the Board against O’Connor.
O’Connor makes allegations concerning “KiOR’s management team and KiOR’s technology”.
In Texas, a nasty board-level fight at KiOR spilled over into SEC filings this past week, when director Paul O’Connor, co-founder of BIOeCON which developed the original core technology, abruptly resigned at the unanimous request of the other members of the Board.
In the resignation letter, which was suppressed by the SEC, “Mr. O’Connor outlines a number of matters…including his concerns about the performance of KiOR’s management team and KiOR’s technology.”  READ MORE and MORE 

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