KK stock rises on back of Oiritsuu pledge

By CCP Eterne

Nonni – Acting Kaalakiota CEO Hatakaan Oiritsuu has pledged 40% of her personal wealth to the corporation in order to assist in its financial recovery, as well as presented a five-year corporate strategy to the board of directors which aims to restore Kaalakiota to the top of the State financial world.

KK issued a press release stating Oiritsuu has provided the corporation with a no-interest loan with aims to stabilize its financial reserves and allow it to be aggressive in reclaiming market share lost under the Heth regime. According to the terms of the loan, Kaalakiota will make yearly repayments equivalent to a percentage of their operating profits, and will not be responsible for any payments if they operate at a loss.

The risky and unusual loan has been applauded by financial analysts as a bold step toward taking Kaalakiota back toward profitability. “Oiritsuu is basically placing a huge bet on her own ability to steer Kaalakiota into the lead again,” said Haarbin Aigoro, a financial analyst with the Mercantile Club. “It shows a lot of confidence. Investors will respond to that confidence.”

The KK board of directors has also signed off on Oiritsuu's five-year plan, which was described as “aggressive and bold” in a memo issued to shareholders. “The board feels this plan will return Kaalakiota to profitability within a year and to its dominant position atop the Caldari financial world within the span of five years.”

Kaalakiota stock has seen an uptick since the news was released, continuing a trend which began when Oiritsuu was named acting CEO.