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Market cap only $494K! This stock will explode once we get back to pink current, business plan is revealed and the assets are known. I’m glad I held my shares and I’m actually fairly optimistic and excited to see how this plays out!
GLTA KWBT!
Cheers, Red
KIWA is now part of a bigger package that has deep pockets.
HOLD ON!!!
XIAOMAN, has picked up a load of technology with their acquisition so why would they not clean it up,DA!!!
They seem to be providing updates every few weeks lately. This is a good sign
I did not see the last two progress reports until now.
40 mil 50 mil 100 killzion ,where the money gone, BEST BET Ride the next PUMP........ BANK
, run and dont look back !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Nice trade…let’s keep the momentum going
Nice, moving forward. When are they completing audits and getting KWBT relisted? By end of the year??? tia.
Bringing in a $68m asset, great but how was this funded = Debt, Intercompany payable, Equity?
Dr Asset
Cr BullS^hit
Unfortunately you “can assure” nothing.
This company had sales of $40 MILLION, see 12.31.2019 financial audit by a large CPA firm. That is 100% Guaranteed!
As a former senior audit manager at 1 of the 4 largest CPA firms in the world, I can assure you those numbers are accurate. No firm would jeopardize their business by issuing fraudulent financial statements. The 12.31.2020 revenues, pre covid were moving toward $50 million.
I believe KWBT had a reasonable FMV moving toward $60 million pre-covid. I also know that in 3 days of trading, 2.08.2021, somebody purchased 300,000,000 shares on the open market for a total cost at $250,000. Prior to that day, average trading volume was 10,000,000 and after 3 days it went back to 10,000,000. But for 3 days trading volume was 100,000,000 plus. Can anyone explain this?
There are alot of possibilities moving forward, but until the 10k's are issued it is simply conjecture.
"scare tactics" lol. What are you talking about?
New players. New hope. There will be a rec split. But who knows what this will open at. They may try to shed some more retail investors. May not be a quick sell. My two cents
big plans but they never follow through
Also, read the 8K filed early October
(7) The parties have reached consensus that, after asset injection, they shall cooperate on KIWA’s shift to New York Stock Exchange or NASDAQ market for listed exchange (hereinafter referred to as “market shift listing”).
https://www.otcmarkets.com/filing/html?id=16113732&guid=Gm_-kapzYHRVdth
Yes they most definitely are
Xiaoman International Holdings Co., Ltd. Xiaoman will assist the company in completing important tasks such as annual report auditing and asset restructuring.
All the latest updates are on the Kiwa site
https://kiwabiotech.com/news-release/
Ah alright any word on if they’re trying to get current here?
There is nothing mentioned of a RS just scare tactics. Even if the OS doubles with the new investors (as we thought would happen with global holding) then the Share Structure would still be low for OTC
assuming...what filings?
Is the R/S in their latest filings? Or just assuming?
down 50% huge R/S when they restart this scam
Much better than the alternative. I was fully prepared to take a loss next year. Seems like we might be getting some of our money back
Lol is right. Did you actually read that?
More nonsense gibberish - nevermind any language barriers.
Please explain it - what “assets”?
What “audit”?
What “business plan”?
Sounds more like a new money-laundering group has taken control of the shell.
They appear to be planning a pump-n-dump.
Be ready to sell into it.
Yes, $68 mil asset being added to Kiwa
That sounds like great news, right??
Another update on Kiwa website
https://kiwabiotech.com/kiwas-new-management-team-started-the-restructuring/
You guys are on the right tract, it's all part of the new formation.
It would be stupid and the CHINESE are not stupid.
Instead of closure how about action???
Agree with both opinions. I think this young group can get things done that existing management group struggled with,
Financing
Reporting
Technology
Marketing
All of which add value to the entity.
Another clarification that’s needed. If this new merging company is focused on digital assets why do they have a vast distribution network
We need information here
I think the only ones who know are management and those close. We can speculate all we want. Good news is we should find out soon. From what I researched if there is still a fertilizer arm there are huge distribution channels of the merging company that can be highly utilized.
Great question…I’m looking forward to seeing what happened to that $50mil. As shareholders we should know by now
Based on your assumption, what happened to the $50,000,000 business that got us here?
The Preferred Shareholders do not just get to walk away with those assets.
Not to mention, they will continue owning shares after the company is actively trading. I don't see the SEC to allow this type of activity.
I’m confused here…is the fertilizer side of the business still in play?
The PR made it seem like a complete shift to digital assets but from what I’m reading on this board it sounds like they are keeping the fertilizer business and adding the digital assets business
Can anyone confirm?
I guess it really doesn’t matter now either way. We stayed this long and will at least have some closure soon.
The A/R for 12.31.2019 was 7.1 million and 6.9 million for 2018. The A/R was converted to Notes Receivable, collectable within less than 12 months. The Audit firm did not have any footnote disclosure about the Notes Receivable, clearly a huge mistake by them. I contacted the audit firm about 10 times, never getting a response on why they F'd up. I started sending emails to random audit partners in multiple cities telling them about the error the New York office created for their CPA Firm. I also notified the SEC and PCAOB. I received a call from the SEC, 4 OF THEIR attorneys were on the call with me to get the details. I think Friedman CPA Firm was terminated because of this disaster.
Could not say it any better.
It's the future of china's Food supply, rightnow soil and water is pure pollution!!!
Even the ar was wiped out at fye19. Much bigger than you are saying. And that was pre covid
Any sales of subsidiaries or investment in a minority business interest would have been fully disclosed in the 10k for 12.31.2019. They did sell a business for 3 million and lost 3 million on the dispisol from my recollection. Not a big part of ordinary business for the future.
Good. I hope so. Was that ever verified? They seem to sidestep the question of a kangtan sale which would have occurred in Q3 2019.
The 2 filings on 1.5.2022 are absolutely garbage!
Unless what they posted for 6/30/21 was complete garbage which maybe it was, they sold kangtan. That’s very evident. But I agree not a shell. There are still assets. Just don’t know what those assets are.
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