LOS ANGELES--(BUSINESS WIRE)--
Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of KiOR, Inc. (“KiOR” of the “Company”) (KIOR) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by KiOR concerning the Company’s financial prospects.
Please contact us at (212) 682-5340, Toll-Free at (888) 773-9224, or at email@example.com to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
KiOR is a renewable fuels company that utilizes a proprietary biomass-conversion fuel technology platform for the production and sale of cellulosic gasoline and diesel. On May 9, 2013, KiOR’s chief executive officer, Fred Cannon, projected the Company’s Columbus, Mississippi facility would produce between 300,000 and 500,000 gallons of fuel during the second quarter of 2013, in line with the Company’s estimate it would produce between 3 million and 5 million gallons of fuel in 2013.
KiOR subsequently announced, on August 8, 2013, that the Company had shipped only 75,000 gallons of fuel from the Columbus facility during the second quarter. In addition, the Company reported revenue for the quarter of only $240,000 -- approximately 12% of the $1.93 million average of five analysts’ estimates compiled by Bloomberg. Following this news, KiOR shares dropped -- from $4.76 per share on August 7, 2013 to $2.62 on August 15, 2013.
If you purchased KiOR shares, if you have information or would like to learn more about these claims or if you purchased KiOR shares before May 9, 2013, and have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
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