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Kreido Biofuels Inc. (KRBF)

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Last Post: 12/2/2021 4:19:10 PM - Followers: 72 - Board type: Free - Posts Today: 0


Entry into a Material Definitive Agreement

On June 5, 2018, Kreido Biofuels, Inc., a Nevada corporation and its sole officer and director G. Reed Petersen entered into a Stock Purchase Agreement with an effective date of June 20, 2018, or such other date as may be mutually determined by the parties in respect to the sale of an aggregate of 142,24,167 shares of common stock of the Company (the "Control Shares") for an aggregate of $420,000 in cash consideration, to certain purchasers.
As a result of the Agreement, and the sale of the Control Shares, as of the Effective Date, the Purchasers will hold a controlling interest in the Company, and may unilaterally determine the election of the Board and other substantive matters requiring approval of the Company's stockholders.

Departure, Election, Appointment, of Directors

On the Effective Date, G. Reed Petersen will resign as an officer and director of the Company.
Also, as of the Effective Date, the Board of Directors will appoint Wai Lim Wong to the Board of Directors, and as the Company’s Chief Executive Officer, Chief Financial Officer and Secretary. A summary of background and business experience of Mr. Wong is as follows:
Mr. Wai Lim Wong, age 46, has served as the Director and President of ABV Consulting Limited since June 2016. Mr. Wong served as the Sales & Marketing Manager at Keymax International Development Company Limited, a customer sourcing and management company focused in the money lending industry, since April 2014. Prior to joining Keymax International Development Company, Mr. Wong was an investor with Wing Fung Marine Products Limited, a seafood cultivation company based in China focused on abalones and prawns, from August 2009 to March 2014. Mr. Wong has had a broad range of sales and marketing experience for environmental products such as air purifying systems, cleaning products and energy saving products. From April 2007 to July 2009, he served as a project manager for Tomi Fuji Corporation Limited. Mr. Wong was a sales manager for Goash Health Products Company (China) from June 1990 to 2004. Mr. Wong brings to our board his deep and varied sales and marketing and general business experience.

Significant events after the last balance sheet date

On April 25, 2019, the Company signed three memoranda of Understandings (individually a "MOU") with three companies located in China. The names of these three companies are Jiangsu Baimoxin New Energy Co., Ltd.,
Meihekou Zhongcheng Yinxin Photovoltaic Agricultural Science and Technology Co., Ltd and
Shainhai Mianzhao New Energy Co., Ltd.

(each company is a "Potential Acquisition"). In each MOU, the Company agreed to purchase up to 100% of the issued and outstanding stock of the Potential Acquisition for terms to be defined in a definitive agreement. Each MOU requires the definitive agreement be completed within six months of the MOU.

Contact Info

3625 Cove Point Drive
Salt Lake City, UT 84109
Phone: (801) 209-0740
Email: greedp@gmail.com
Share Structure:
Market Cap
Authorized Shares
Outstanding Shares
Held at DTC
Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
KRBF News: Quarterly Report (10-q) 11/15/2021 01:40:29 AM
KRBF News: Quarterly Report (10-q) 09/28/2021 12:37:12 PM
KRBF News: Annual Report (10-k) 09/28/2021 12:28:05 PM
KRBF News: Quarterly Report (10-q) 09/28/2021 10:14:08 AM
KRBF News: Quarterly Report (10-q) 09/28/2021 07:56:43 AM
#4669   Higher Highs Gents!! KRBF $1.89 WE'LL TAKE IT!!! JacksBack 12/02/21 04:19:09 PM
#4668   It definitely feels like the sellers have dried CommonCents3 12/01/21 12:30:10 PM
#4667   No shares available. We’re trading unsolicited, so only WinningNoMatterWhat 12/01/21 12:07:10 PM
#4666   Might get my $2 wish after all. Bid CommonCents3 12/01/21 11:02:53 AM
#4665   If we get anything that brings some buying WinningNoMatterWhat 11/30/21 11:07:34 AM
#4664   I would love to see us sitting at CommonCents3 11/30/21 10:37:00 AM
#4663   Thanks. I agree with the optimism. CLK 11/29/21 10:10:40 PM
#4662   Happy Thanksgiving fellow KRBF stockholders. I believe we CommonCents3 11/25/21 06:57:41 PM
#4661   Very nice!!! I think you will be very CommonCents3 11/23/21 09:59:02 AM
#4660   Got some more Walker 11/23/21 09:45:00 AM
#4659   I don’t there are many shares available under CommonCents3 11/22/21 03:29:58 PM
#4658   Me too. I’m locked and loaded. Just need CommonCents3 11/22/21 03:24:48 PM
#4657   Still creeping up. Shares are hard to come WinningNoMatterWhat 11/22/21 02:45:29 PM
#4656   Bid is creeping up. LFG!!! CC3 CommonCents3 11/19/21 11:59:18 AM
#4655   The upside once again is these shares just CommonCents3 11/16/21 07:27:16 PM
#4654   It’s possible. However, I would think that sort WinningNoMatterWhat 11/16/21 03:22:47 PM
#4653   Interesting that the amount is about what the CLK 11/16/21 02:29:45 PM
#4652   10q out. The 750,000 was for “services rendered”. WinningNoMatterWhat 11/15/21 12:38:45 PM
#4651   Which country is the richest in Africa? CLK 11/15/21 10:03:15 AM
#4650   This is a good find. If you click CommonCents3 11/12/21 02:23:48 PM
#4649   https://thediplomat.com/2021/10/why-is-china-looking-to-establish-banks-in-niger WinningNoMatterWhat 11/12/21 11:26:26 AM
#4648   Definitely watching this closely, have a good feeling JacksBack 11/08/21 04:16:09 PM
#4647   Looking good!!! GLTA CC3 CommonCents3 11/08/21 03:48:45 PM
#4646   She’s ready for a major move! WinningNoMatterWhat 11/08/21 03:44:09 PM
#4645   WE ARE ?? IN PLAY!!! THIS IS MY JacksBack 11/08/21 03:36:49 PM
#4644   Bigger volume appears to have taken out the CLK 11/08/21 03:02:38 PM
#4643   Can’t wait!!! CC3 CommonCents3 11/04/21 12:41:10 PM
#4642   Bid keeps slowly creeping up. We just recently WinningNoMatterWhat 11/04/21 11:52:53 AM
#4641   Thanks bud - sue looks that way Walker 11/04/21 10:47:48 AM
#4640   Nice. This should be a fun ride. Glad CommonCents3 11/04/21 10:43:27 AM
#4639   Yep Walker 11/04/21 10:39:31 AM
#4638   Good for you. Is that you buying at .65? CC3 CommonCents3 11/04/21 10:38:50 AM
#4637   Back in this one - very nice recent developments! Walker 11/04/21 10:38:08 AM
#4636   Understood, just reminding new investors of absolutely crazy stockinspector 11/01/21 10:15:05 PM
#4635   The restricted shares are most likely going to CommonCents3 11/01/21 07:59:03 PM
#4634   The restricted shares are not part of the CommonCents3 11/01/21 07:58:12 PM
#4633   Float is still 236,000 as far as I know stockinspector 11/01/21 05:21:22 PM
#4632   Good catch. I didn’t notice it. We’re definitely CommonCents3 10/30/21 01:48:17 PM
#4631   750k was added to OS. Restricted. Must be WinningNoMatterWhat 10/29/21 11:39:40 PM
#4630   I couldn’t agree more. With this float anything CommonCents3 10/27/21 06:29:45 PM
#4629   That’s to be seen. Haha. I feel like WinningNoMatterWhat 10/27/21 03:19:24 PM
#4628   Good for you CommonCents3 10/27/21 03:11:05 PM
#4627   I did yesterday, but the others were somebody else. WinningNoMatterWhat 10/27/21 03:08:10 PM
#4626   Somebody biting off small chunks lately. Hopefully we’re CommonCents3 10/27/21 02:17:45 PM
#4625   Nigeria has been a focus for Chinese investment WinningNoMatterWhat 10/27/21 01:33:44 PM
#4624   Thanks. Not sure I understand the reference CLK 10/27/21 12:14:39 PM
#4623   Somebody picked up 500 today at a dollar. CommonCents3 10/26/21 02:14:57 PM
#4622   Snooze fest. Patiently waiting. Can’t wait for lift WinningNoMatterWhat 10/26/21 01:21:43 PM
#4621   Sorry not sure what happened https://property.jll.com.hk/en/office-lease/hong-k CommonCents3 10/21/21 09:50:50 AM
#4620   For some reason I do no see an image. CLK 10/20/21 11:26:36 PM
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