Kid Castle Educational Corp (KDCE)

[lucky, mydog]

my guess would be that this is not an aberration.

[StevieT]

Does this taint all tickers under Frank's ownership in your opinion?

[lucky, mydog]

as we both know, things will never be "fine" again.

[tdbowieknife]

Yes... I was coming from the hopeful investor perspective of, they just need to explain things and it will all be fine.

.

[tdbowieknife]

Read the suspension order. The SEC is using polite legal speak.

[lucky, mydog]

lol. the sec can only suspend for two reasons, suspected fraud and delinquency. kdce was not suspended for delinquency.

[StevieT]

Please cite the passage that states "fraud" is the issue at hand.

[lucky, mydog]

well, not until subsequent enforcement actions.

[tdbowieknife]

Suspensions for fraud don't get "sorted out"...

.

[lucky, mydog]

all suspensions are temporary. when the suspension ends this will be trading on the grey market.

[StevieT]

Worth noting that the order states that this is a TEMPORARY suspension, lifting Feb 3.
Two weeks to sort it out.

[Stockinator]

Yea uh well this sucks. But live and learn

[tdbowieknife]

Likely not... Good chance he was aware of the SEC fraud investigation that resulted in a 10 day suspension.

[Renee]

KDCE SEC Suspension "due to questions and concerns about: (1) the adequacy and accuracy of publicly available information concerning KDCE’s current corporate control and its operations in the marketplace, including in filings with the Commission made on October 25, November 5, November 14, November 18, and November 27, 2019, as amended on December 6, 2019; and (2) recent, unusual and unexplained market activity in the company’s stock, including, but not limited to, activity between October 25 and October 28, 2019."

https://www.sec.gov/litigation/suspensions/2020/34-88007.pdf

Order:

https://www.sec.gov/litigation/suspensions/2020/34-88007-o.pdf

[Stockinator]

looks like someone got a nice chunk in the .22 - .26s range -- maybe it was the CEO who bought them

[Stockinator]

interesting... very interesting -- hope to see some more filings soon and some nice PRs

[ChanceVision]

Interesting Developments Posted Tonight On KDCE's Facebook Page:

--------------------------------------------------------------

This public disclosure of events that could impact the price movement of KDCE stock is necessary because our CEO would start purchasing KDCE from the open market on 12/16/2019.

Since cbdxfund.com acquired control of KDCE, we have bought two web-based CBD marketplaces to help us gain foothold on the CBD Distribution Channel. The sites are:

• www.Cannabidiolhemp.net; and
• www.Cbdhempextra.com

Both marketplaces are up and running in the CBD distribution channel.

On the CDB SUPPLY-CHAIN side, we have entered into Letter of Intent (LOIs) with 5 CBD operations to acquire their businesses. The targets’ potential revenue and net income as follows:

1) Target = CBD Marketplace; Revenue = $241,211; Net Profit = $206,167; and FFE/REAL ESTATE = $0

2) Target = Hemp Farm and CBD manufacturer with Real Estate: Revenue = $27,493,000; Net Profit = $7,972,970; and FFE/REAL ESTATE = $15,300,000

3) Target = Hemp farm and CBD manufacturing plant: Revenue = $1,500,000; Net Profit = $850,000; and FFE/REAL ESTATE = $2,200,000

4) Target = Hemp grower and unique CDB technology: Revenue = $1,450,000; Net Profit = $420,500; and FFE/REAL ESTATE = $1,300,000

Continued from previous post.

5) Target = Small CBD Marketplace (wholesaler): Revenue = $65,951; Net Profit = $15793; and FFE/REAL ESTATE = $0.00

We are currently negotiating with a select list of lenders to finance these targeted acquisitions. Although our crowdfunding campaign has a $7.7 in committed capital, we intend to use maximum leverage in our acquisition in order to stretch every dollar of our equity capital. We are getting favorable response from lenders on the businesses with Real Estate. None of them wants to finance the two businesses that have zero real estate.

Apart from acquiring and tucking-in these CBD operations, the intermediate part of our business plan also require us to do the following in 2020:

• Acquire more CBD assets and rollup into KDCE/CBDZ
• Conduct PCAOB compliant audit in January 2020
• File S-1 registration to get KDCE eligible for Nasdaq listing in January 2020
• Complete Nasdaq listing application and get uplisted in July 2020

Thanks for your time. Now all insiders in KDCE are free to start purchasing from the open market because we have disclosed all material confidential information that could have impact on the stock movement.

--------------------------------------------------------------

Posted: 12/15/19 (7:13 PM)

Source: https://www.facebook.com/CBDX-Fund-352194418905193

[paul68]

Goooooooooooooood

[VMB-1]

~Buy-Back Tweet: "From Monday 12/16/19, F. Igwealor will Start Buying $KDCE stocks from the Open Market to build a personal position on $KDCE to fulfill his job requirement, for all employees to buy from the open market and hold at least $1,000 worth of the stock at all time of employment".

[VMB-1]

~New Tweet: "I got the shareholders' list for the first time this week. Surprise!

The entire float of $KDCE shares is 2,324,706.

Not 30,000,000 as listed on the OTC:
Authorized: 1,000,000,000
Issued and Outstanding: 912,324,706
Restricted: 910,000,000
DTC: 1,554,886

****Float: 2,324,706****

[Stockinator]

Lol there were no boys for 15k? The spread is just super far apart that someone slapped 300 shares at .29 and then the ask became .35 and someone bought 100 shares of .35ish lol

[ChanceVision]

Funny how it shows 400 on the volume and jumped up 107%, but Level II shows 999999 on the bid from NITE. Level II Also shows buys of 15300 from CDEL, 5000 from GTSM and 15000 from CTSI.

Hmmm, definitely seems to be something wacky going on here...

[Stockinator]

I berrrrrieve!!

[Stockinator]

You can do it! Lol

[NagStocks]

I am guessing these are only restricted shares as they are not being converted in open market.

[NagStocks]

Where did it say that?

[varmit]

What about all those shares sold at .86 cents
And it only worth a penny??????

[Rich and Happy]

I'm a buyer at .0065

[trader59]

LOL!

And this SEC non-registrant continues to toss in 8K's they're not supposed to submit. Good thing it's about things that aren't real.

[ToddM]

New 8k out yesterday!

[Rich and Happy]

Got 50 million I can borrow, lol?

[Dave]

This is only the beginning. Will go much higher IMO. Fillings to get current incoming.

[Yoyopenny]

No one cares what you think!!

BYE FELICIA

[decogold]

No one fell for it again!

[decogold]

No one fell for it again!

[GreekSeas0ning]

I was hoping this would of pumped to at least a dollar.

I'm sad I only made just over double on this swing trade. This is my third time buying low and selling on momentum. :) Needed some green in my life after the week us traders had on OTC Land

[GreekSeas0ning]

Can still convert preferred shares to commons on the float.

[Penny chatter]

Lol

[VMB-1]

~***SUPER 8-K*** could drop at "Any Moment"...

[sjhotrading]

2 YEAR LOCKUP PERIOD MEAN NO DILUTION!! Dilution free play with low float here

[Howell3]

8-k says 1 Billion Shares Outstanding.At.50 that is a 500 million dollar capitalization.Really?Future for KDCE is .01 no doubt.Be careful.

[CrazyHermit]

Yep it’s surprising with how well KDCE is doing that NIHK is still in the core position zone. But he said as soon as 8k is out for KDCE he will start fillings and PR for NIHK. So he plans on raising them together based on his posts IMO.

[StevieT]

And imagine when it goes Pink Current. Kaboom.

[StevieT]

Yessirrrr KDCE mkt cap 60 mil, NIHK barely 1 mil. That thing is a powder keg and it's getting filings next week. Believe NIHK will be the real estate holding company for KDCE.

[Mr_Baby]

Not much on the ask. Wait till folks get back from lunch, explosive afternoon expected!

[CrazyHermit]

KDCE & NIHK for the win. These twin dynamos are going to launch up. KDCE killing it and NIHK gets the places for them. Can’t wait for more news on both!

[VMB-1]

~"2 Year Lock Up"... Were Good!$$$$$

[MaxYazger]

Dont fall for the pump....8k was heap of crap.

[VMB-1]

~Market Makers Hiding BIDS.. Going UPPP$$$$$

[Mr_Baby]

This is good:

Lock-Up/Leak-Out Agreements

Each Shareholder that receives 100,000 or more shares of our Common Stock pursuant to the conversion of shares by Cannabinoid Biosciences, Inc. and subsequent redistribution to CBDZ shareholders, will execute 2-year lock-up/leak-out agreement with us which will provide that their shares will not be, directly or indirectly, publicly sold, subject to a contract for sale or otherwise transferred, except that, beginning one year after the date of the closing of the conversion, such Shareholder will be permitted to sell up to 3% of the shares of our Common Stock he or she received in any given 90 day period. All lock-up/leak-out restrictions will expire 24 months after the closing of the conversion.