KYN Capital Group, Inc. is a New York based capital-finance leasing company incorporated in Nevada. KYN Capital Group, Inc. was originally incorporated on November 3, 2004 in the State of Nevada under the name of New Taohuayuan Culture Tourism Co. Ltd. On March 12, 2015, the Company changed its corporate name to KYN Capital Group, Inc. to reflect the acquisition of KYN Capital Group, Inc., its subsidiary, organized and existing under the laws of the State of Wyoming.
Outstanding shares reduced from 1.7 billion to 479M, Now Back Up to 883,712,699.
3/19/2019: KYNC Starts Due Diligence with CBD Oil Producer
NEW YORK, NY, March 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - KYN Capital Group, Inc. (OTC:KYNC) announced today that the company started its preliminary conversation with a CBD grower and oil producer for potential acquisition. The Company secretary and director, Sayekhul Islam, engaged Cold River Capital to perform proper due diligence and detailed market analysis for this CBD grower and oil producer. "I am very much excited regarding this potential acquisition," said Mr. Islam. "This acquisition, when complete, will increase the shareholder value."
3/13/19: KYNC Retires Up to $1M Worth of Debts
NEW YORK, NY, March 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – KYN Capital Group, Inc. (OTC: KYNC) announced today that in continuance of the restructuring the company the new CEO, Ms. Maria Daniels, is working with the debt holders and accountant to retire up to $1 million-dollars’ worth of notes and debts. These changes will be reflected on the quarterly financials to be posted within next few weeks and reduces the liabilities of the company. Ms. Daniels is also is in talk with several businesses in health and wellness sector for developing a partnership or acquisitions, which will bring a positive cash flow to the company and benefit the shareholder.
KYN Capital Group Projects its Sales to Surpass Ten Million in 2019 for all its Companies and Subsidiaries
NEW YORK, NY, Feb. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – KYN Capital Group Inc. (OTC: KYNC) announced today that with the appointment of new CEO, Ms. Maria Daniels, the company should surpass sales of 10 million dollars by the end of 2019. The company is also undergoing a complete restructuring by engaging a newly qualified management team to run its subsidiaries, Algae World Inc., headquartered in Los Angeles, and ATAX Cloud Accounting, Inc., headquartered in New York. Maria Daniels, CEO of KYNC, stated, “We are pleased with our subsidiaries and have more acquisitions planned for 2nd quarter of 2019. The company is also working on several CBD infused products including CBD water and Soda.”
KYN Capital Group Inc. Merger - October 19th, 2018
Effective October 15th, the Board of Directors of Algae World Inc. (AWI), and KYN Capital Group Inc., (Symbol: KYNC; OTC Market), confirmed their merger. With this merger, Algae World has not only immediate access to top level financial and tax experts of a publicly traded company, but also immediate access to KYNC’s trading floor and funds to begin assembly of Algae World’s first indoor, commercial algae production plant in Los Angeles. Joint Venture With Gold Stake Minerals - September 16th, 2018
Joint Venture With Pure Bliss Organic - August 25th, 2018
PR 06/07/2018: https://www.otcmarkets.com/stock/KYNC/news/KYN-Capital-Group-Provides-A-Shareholders-Update-After-Completing-Internal-Restructuring?id=194780
MARKET CAP: $1,285,940 (updated 03/20/19)
A/S: 5,000,000,000 (updated 03/19/19 - unchanged in 2019)
O/S: 883,712,699 (updated 03/20/19)
Note: OS was reduced by over two-thirds from 1,760,899,699 to 479M 3/5/19; since then ~324M shares added (as of 3/14/19) to 803,712,699. Subsequent updates 3/15/19, 3/18/19, and 3/19/19 showed no change. 3/20/19 showed an additional 80M shares. This is obviously an unusual development with the share structure - awaiting further details from the company. On the whole, the net OS is nearly 1 billion shares lower than 3/4/19.
FLOAT: 206,857,388 (updated 06/04/18 - obviously outdated)
OFFICERS/DIRECTOR OWNERSHIP: 63.9% of class (as of 11/19/18 - we could use an update.)
Clem A Yeboah – President, Director Melville Pugh III – Treasurer, Director Elwood Lewis – Secretary, Director Kingsley Sackey – Director Jude Alfonso – Director