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Kreido, Biofuels, Inc. (KRBF)

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Last Post: 8/21/2018 9:26:35 PM - Followers: 106 - 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.


Contact Info

3625 Cove Point Drive
Salt Lake City, UT 84109
Phone: (801) 209-0740


Share Structure:

Market Cap
Authorized Shares
Outstanding Shares
Held at DTC


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KRBF News: Quarterly Report (10-q) 08/01/2018 03:56:13 PM
KRBF News: Initial Statement of Beneficial Ownership (3) 07/05/2018 04:36:37 PM
KRBF News: Current Report Filing (8-k) 07/03/2018 03:02:58 PM
KRBF News: Statement Regarding Change in Majority of Directors Pursuant to Rule 14f-1 (sc 14f1) 06/07/2018 10:28:28 AM
KRBF News: Amended Current Report Filing (8-k/a) 06/06/2018 03:40:33 PM
PlusOneCoin Top Posts
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#2543   Vegas + Disneyland "for the purposes of sourcing HMB2010 08/21/18 09:26:34 PM
#2542   I am so looking forward to this merger, LauraT 08/21/18 08:38:16 PM
#2541   Well well well, $420,00 Wong the CEO paid PennyStalker01 08/21/18 07:52:59 PM
#2540   Yes CC3, In No way, shape or form JacksBack 08/21/18 06:55:08 PM
#2539   If One Belt ends up being the merging CommonCents3 08/21/18 02:45:44 PM
#2538   Lots of information on One Belt One Road PennyStalker01 08/20/18 09:01:24 PM
#2537   We're good here, Excellent synopsis & we JacksBack 08/20/18 11:10:49 AM
#2536   For comparison purposes, there is another stock I Quintessence 08/20/18 08:45:43 AM
#2535   Waiting For news bro. This one will fly. DRCJRE 08/19/18 03:14:08 PM
#2534   Not soon enough! Stallion4life38 08/19/18 01:01:33 PM
#2533   195M OS, 172M restricted. Incoming RM company controls War Shark 08/18/18 09:31:37 PM
#2532   how much is - this os and about sand 08/18/18 09:05:31 PM
#2531   When merger news hits it will move fast. Quintessence 08/18/18 04:35:01 PM
#2530   PennyStalker01 that DD is awesome. I can't wait War Shark 08/18/18 02:58:36 PM
#2529   Yeah, we wait for the merger to happen War Shark 08/18/18 12:51:51 PM
#2528   Right on! So this is a hold long Stallion4life38 08/17/18 01:08:03 PM
#2527   Yes and is why I am down but HMB2010 08/17/18 10:24:12 AM
#2526   What an excellent , rational, non HYPE board JacksBack 08/17/18 09:05:45 AM
#2525   Very transparent here, thats why I'll wait War Shark 08/17/18 08:50:27 AM
#2524   Good quote! Is there risk? Yes. Quintessence 08/17/18 08:50:09 AM
#2523   The fact that KRBF has submitted all the Quintessence 08/17/18 08:47:41 AM
#2522   10Q was filed on 8/1, it outlines all War Shark 08/17/18 08:31:18 AM
#2521   With all the scary stuff going on in PennyStalker01 08/17/18 08:15:08 AM
#2520   "If no one ever took risks, Michelangelo would CLK 08/17/18 12:29:49 AM
#2519   Yup. The choppy trading is likely to Quintessence 08/16/18 07:29:48 PM
#2518   Did someone press the BUY button for you? stock_observer_77 08/16/18 07:27:25 PM
#2517   All good. Let’s give him a chance, and A2DaZ 08/16/18 07:26:03 PM
#2516   I get what you’re saying, but understand that CommonCents3 08/16/18 07:22:18 PM
#2515   All good, calm down cowboy. DD done already. A2DaZ 08/16/18 07:22:01 PM
#2514   So, I'll confess to being a Proud bagholder JacksBack 08/16/18 07:15:19 PM
#2513   Of course facts are in the filings. Not A2DaZ 08/16/18 07:14:01 PM
#2512   Lmao. “Bag holders?” I’m not sure you CommonCents3 08/16/18 06:54:59 PM
#2511   Lmao. There are no “bag holders” here. The CommonCents3 08/16/18 06:47:24 PM
#2510   It seems a lot of bag holders in A2DaZ 08/16/18 06:08:37 PM
#2509   I’m waiting for 01 if someone wants to stock_observer_77 08/16/18 06:05:43 PM
#2508   Wtf is going on with this? Slow dumps A2DaZ 08/16/18 06:04:33 PM
#2507   Man, I sure hope so! I'm a little Stallion4life38 08/16/18 04:54:28 PM
#2506   I hear ya man! I just hope this Stallion4life38 08/16/18 04:53:01 PM
#2505   No. They used to, but is Quintessence 08/16/18 02:47:55 PM
#2504   Does the company have a website? I can't MaverickAK47 08/16/18 02:36:09 PM
#2503   Lol got in at .06 even small Hana3 08/16/18 02:00:00 PM
#2502   Certainly not getting my shares War Shark 08/16/18 11:43:09 AM
#2501   Not shaking anyone out of their shares today PennyStalker01 08/16/18 11:39:50 AM
#2500   Nice loading wall at .042 War Shark 08/16/18 10:56:10 AM
#2499   A few impatient sellers whacked the bid in Quintessence 08/16/18 09:52:21 AM
#2498   Low floater, thats why War Shark 08/16/18 09:32:47 AM
#2497   Hope so. Little volume bring sp down so much Hana3 08/16/18 09:28:45 AM
#2496   Can't wait for filings, waiting sucks but this War Shark 08/16/18 09:15:26 AM
#2495   looking forward to it!! get going 08/16/18 01:21:21 AM
#2494   Yes, shark, I'm Not discouraged at these temporary JacksBack 08/15/18 09:48:14 PM