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Kreido, Biofuels, Inc. (KRBF)

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Moderator: stock_observer_77, love your neighbor , guay, TRAPPER JIM, JacksBack, LauraT
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Last Post: 6/18/2018 12:40:04 PM - Followers: 86 - Board type: Free - Posts Today: 20


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.

Voting Securities

Our authorized capital stock consists of 300,000,000 shares of Common Stock, par value $0.001, of which 195,645,159 shares are issued and outstanding as of June 5, 2018, and 10,000,000 shares of Preferred Stock, par value $0.001, of which 0 shares are issued and outstanding as of June 5, 2018.

Contact Info

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


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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
KRBF News: Current Report Filing (8-k) 06/05/2018 04:23:20 PM
KRBF News: Quarterly Report (10-q) 05/10/2018 04:51:24 PM
KRBF News: Amended Securities Registration (section 12(g)) (10-12g/a) 05/03/2018 03:29:41 PM
PlusOneCoin Top Posts
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#1320   KRBF is trading orderly & with non JacksBack 06/18/18 12:40:04 PM
#1319   It's just getting thinner. And starting to spread further TRAPPER JIM 06/18/18 11:57:38 AM
#1318   We gotta retest 4's...this jumped from .04 to flipmode48 06/18/18 11:48:10 AM
#1317   WOOHOO KRBF. Bring on the.06s TRAPPER JIM 06/18/18 11:26:55 AM
#1316   So some filings could show up any time :) Pennystock9449 06/18/18 11:10:06 AM
#1315   Sellers will be sorry when we are trading .10s+ Pennystock9449 06/18/18 11:06:21 AM
#1314   Bid over .05 now. .06 here we come! Quintessence 06/18/18 10:51:41 AM
#1313   .0539 thin. Let’s see .06s Pennystock9449 06/18/18 10:39:37 AM
#1312   NEW CEO: Wai Lim Wong Pennystock9449 06/18/18 10:36:02 AM
#1311   According to filing 2 days left until change over JJZander 06/18/18 10:28:19 AM
#1310   Nice buys coming in. Pennystock9449 06/18/18 10:23:39 AM
#1309   Good Morning KRBF. Looking Good :) DMC73 06/18/18 10:06:12 AM
#1308   Wait till huge volume comes in . Easy Pennystock9449 06/18/18 10:03:46 AM
#1307   Inching up quietly, got sidetracked and missed adding UP Trend 06/18/18 10:03:22 AM
#1306   Mr. Wong other company traded as high Pennystock9449 06/18/18 09:53:24 AM
#1305   Yup. Could go pretty high even without Quintessence 06/18/18 09:43:54 AM
#1304   .057s. Monster move in the making Pennystock9449 06/18/18 09:40:11 AM
#1303   Ask at .0591 not a bad way to MattMS 06/18/18 09:13:56 AM
#1302   Thanks Jack, appreciate the PM. JCM_MN 06/18/18 07:36:20 AM
#1301   What's the top PPS to load? Jswink85 06/18/18 12:17:26 AM
#1300   Right on. KRBF Well worth the wait isn't it. TRAPPER JIM 06/17/18 11:58:56 PM
#1299   Quietly loading more before the masses see ;) Pennystock9449 06/17/18 10:51:54 PM
#1298   That’s one of the most attractive aspects of CommonCents3 06/17/18 09:35:40 PM
#1297   Yep the word is getting out slowly on Pennystock9449 06/17/18 09:17:12 PM
#1296   Lets see if we can get .06s or Pennystock9449 06/17/18 09:14:07 PM
#1295   absolutely Jim! I fondly remember just a JacksBack 06/17/18 09:08:55 PM
#1294   Me too. Would be nice if we could CommonCents3 06/17/18 05:32:54 PM
#1293   Trades real thin. Glad to see this at Pennystock9449 06/17/18 05:18:29 PM
#1292   I'm ready for it TRAPPER JIM 06/17/18 04:28:39 PM
#1291   Very much looking forward to this week here. CommonCents3 06/17/18 01:14:33 PM
#1290   Yes, have a great Father's Day! Quintessence 06/17/18 12:54:46 PM
#1289   .10s are a given but the question is Pennystock9449 06/17/18 10:43:23 AM
#1288   Exactly CC stock_observer_77 06/17/18 09:33:27 AM
#1287   Happy Fathers Day $KRBF! Chiefchef 06/17/18 09:13:10 AM
#1286   WEEEEEEEE KRBF BRING ON THE .10s TRAPPER JIM 06/17/18 08:12:41 AM
#1285   KRBF 23 only mil unrestricted shares. And new TRAPPER JIM 06/17/18 08:08:45 AM
#1284   I think KRBF is just getting started. Quintessence 06/17/18 06:30:29 AM
#1283   Thanks! Looks like good things are upon us :) Colmsclboy 06/17/18 12:19:49 AM
#1282   Welcome aboard! :) LauraT 06/17/18 12:08:04 AM
#1281   New shareholder here- GO KRBF! :) Colmsclboy 06/16/18 10:43:05 PM
#1280   Thank you Laura makes sense -- didn't realize sand 06/16/18 09:08:17 PM
#1279   Thank you for your answer - Your assessment guay 06/16/18 06:53:14 PM
#1278   If we can get some more volume, I CommonCents3 06/16/18 05:56:04 PM
#1277   Good point of view, that sounds plausible! guay 06/16/18 05:21:44 PM
#1276   Breakout boards are so screwy. Not sure how DMC73 06/16/18 02:03:25 PM
#1275   WE ARE NOW #19 ON THE BREAKOUT BOARDS! JacksBack 06/16/18 01:04:48 PM
#1274   I can answer that one... Clay shows up LauraT 06/16/18 12:14:55 PM
#1273   That kind of strategy is good for most JJZander 06/16/18 11:30:22 AM
#1272   I’ve come to the conclusion over the years JCM_MN 06/16/18 09:13:32 AM
#1271   commoncents3 why do you think clay usually shows sand 06/16/18 09:11:14 AM