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Kreido, Biofuels, Inc. (KRBF)

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Last Post: 4/17/2019 11:26:43 AM - Followers: 85 - 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
Email: greedp@gmail.com


Share Structure:

Market Cap
Authorized Shares
Outstanding Shares
Held at DTC


Current Price
Bid Ask Day's Range
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  • 6M
  • 1Y
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  • 5Y
KRBF News: Annual Report (10-k) 04/16/2019 01:48:42 PM
KRBF News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 04/01/2019 03:14:14 PM
KRBF News: Statement of Beneficial Ownership (sc 13d) 11/27/2018 06:10:05 AM
KRBF News: Quarterly Report (10-q) 11/13/2018 11:34:05 AM
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#2814  Sticky Note KRBF DD Chinese Merger Evergreen Connection! PennyStalker01 09/17/18 09:44:42 PM
#3501   Yes, excellent post. I suspect their original project CLK 04/17/19 11:26:43 AM
#3500   Absolutely not. Again, this is a debt free CommonCents3 04/16/19 11:19:06 PM
#3499   Have you noticed any dilution? Or move shares joe117 04/16/19 11:05:42 PM
#3498   Good post - agree. stock_observer_77 04/16/19 09:14:57 PM
#3497   While u are correct that we are unsure CommonCents3 04/16/19 07:52:52 PM
#3496   Gotcha stock_observer_77 04/16/19 07:30:30 PM
#3495   That was the original Kreido Biofuel company. Reed CommonCents3 04/16/19 07:20:24 PM
#3494   We just have no idea what is progressing stock_observer_77 04/16/19 07:10:19 PM
#3493   I get being disappointed, but I’m glad they CommonCents3 04/16/19 05:29:53 PM
#3492   Yeah...agree stock_observer_77 04/16/19 04:12:15 PM
#3491   Agree, but must admit I am disappointed by Quintessence 04/16/19 04:10:13 PM
#3490   Agreed CC3! The value of this shell JacksBack 04/16/19 03:44:56 PM
#3489   I found something interesting in the filings. It CommonCents3 04/16/19 03:30:05 PM
#3488   Agreed. No merger news yet. Quintessence 04/16/19 03:01:14 PM
#3487   Status quo - nothing has changed stock_observer_77 04/16/19 02:11:55 PM
#3486   10-K is out. Taking a look... Quintessence 04/16/19 01:57:00 PM
#3485   I believe they have until the 20th stock_observer_77 04/15/19 07:49:06 PM
#3484   FINS are due tomorrow in case anyone was curious. https://www.dfinsolutions.com CommonCents3 04/15/19 06:39:46 PM
#3483   Yeah, still holding... Quintessence 04/15/19 04:10:19 PM
#3482   Yes, let's keep the faith here folks, JacksBack 04/15/19 09:34:26 AM
#3481   Come on w/ these f*ing FINS!!! Boys, we’re so close!!! GLTA CC3 CommonCents3 04/11/19 11:24:57 PM
#3480   Shit! Everything! Stallion4life38 04/06/19 02:39:38 PM
#3479   Lmao. Nothing...... CC3 CommonCents3 04/05/19 05:42:01 PM
#3478   What the hell is going on with this Stallion4life38 04/05/19 12:48:52 PM
#3477   I will 2nd those positive sentiments Guay! "We JacksBack 04/04/19 03:31:19 PM
#3476   I'm with you on this. And I would guay 04/03/19 01:48:21 PM
#3475   Time is the most important thing in the Pandemonium75 04/03/19 02:08:10 AM
#3474   Your post is spot on as usual. CLK 04/03/19 01:24:45 AM
#3473   thanks jball44 04/02/19 03:16:10 PM
#3472   The new ownership is already completed. What this CommonCents3 04/02/19 01:06:19 PM
#3471   hey guys sorry if this is a dumb jball44 04/02/19 11:50:35 AM
#3470   Ahhh….that explains it stock_observer_77 04/01/19 05:29:21 PM
#3469   I agree Luke. They have no history of CommonCents3 04/01/19 05:05:56 PM
#3468   I find it interesting that they are delaying Lukew12 04/01/19 04:42:25 PM
#3467   NT 10-K out. Notification That Annual Report Quintessence 04/01/19 03:27:21 PM
#3466   Yes, guay, One way or another, this deal JacksBack 03/31/19 02:16:11 PM
#3465   The one who bought the shell did stock_observer_77 03/26/19 10:40:03 AM
#3464   I wish I could've got some at that Quintessence 03/26/19 10:37:59 AM
#3463   003 shares...now 0112 stock_observer_77 03/26/19 10:05:48 AM
#3462   Solid assessment CC3, patient will pay off here, JacksBack 03/25/19 03:20:34 PM
#3461   If u want to see the potential of CommonCents3 03/21/19 07:13:53 PM
#3460   As soon as the paralyzing so-called "trade war" guay 03/21/19 08:07:22 AM
#3459   Not dead, just waiting Lukew12 03/20/19 07:48:34 PM
#3458   No volumn for several days. Is this thing P47rcman 03/20/19 07:29:50 PM
#3457   I'm glad you tried, all you can do Pandemonium75 03/15/19 03:27:10 PM
#3456   Yeah. I'm not surprised. Figured it was Quintessence 03/15/19 03:23:18 PM
#3455   No doubt you will not get one. Typically Pandemonium75 03/15/19 03:14:15 PM
#3454   I've tried emailing Mr. Wong. So far Quintessence 03/14/19 04:04:01 PM
#3453   Has anyone tried reaching out for any info Lukew12 03/11/19 11:58:51 AM
#3452   It’s coming. We are still current so obviously CommonCents3 03/07/19 03:08:46 PM