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Kreido, Biofuels, Inc. (KRBF)

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Last Post: 10/14/2019 3:24:11 PM - Followers: 86 - 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: Information Statement - All Other (definitive) (def 14c) 09/06/2019 12:07:27 PM
KRBF News: Proxy Statement - Other Information (preliminary) (pre 14c) 08/13/2019 03:44:32 PM
KRBF News: Quarterly Report (10-q) 08/13/2019 03:05:43 PM
KRBF News: Quarterly Report (10-q) 05/15/2019 02:12:23 PM
KRBF News: Current Report Filing (8-k) 04/26/2019 11:45:49 AM
#3678  Sticky Note KRBF DD CommonCents3 04/29/19 09:18:47 AM
#3509  Sticky Note 8k out adijas 04/26/19 11:54:16 AM
#4336   No, I haven't. I thought the RS Quintessence 10/14/19 03:24:11 PM
#4335   Is Fernando Venezuela sending it? stock_observer_77 10/10/19 05:48:42 PM
#4334   Has anyone received the 100/1 written notice yet? Stooges 10/10/19 05:27:06 PM
#4333   Excellent Post! Agreed. KRBF JacksBack 10/03/19 03:00:35 PM
#4332   Here is a related find - Nasdaq Cracks CLK 09/30/19 08:14:19 PM
#4331   Thanks for info, certainly worth a watch. Both stockinspector 09/28/19 12:35:18 PM
#4330   Here's a concern we should watch. Trump wants TheHappyVulcan 09/27/19 08:32:45 PM
#4329   Good to here Stooges! Lots of patience on stockinspector 09/26/19 07:22:46 PM
#4328   Finally able to hit my mark today and Stooges 09/26/19 02:42:21 PM
#4327   I would think $5 (while it would put swing4thefences 09/23/19 09:41:44 PM
#4326   Well put, and moving to a higher grade CLK 09/23/19 09:12:09 PM
#4325   The R/S did NOT benefit us. However, if CommonCents3 09/23/19 08:16:55 PM
#4324   No offense… I’ve been in a bunch of kilerb 09/23/19 02:02:33 PM
#4323   Excellent questions CLK, one thing is for JacksBack 09/23/19 10:05:45 AM
#4322   That is exactly right. It is the CLK 09/17/19 12:13:55 AM
#4321   We are getting close. "Within 6 months" Quintessence 09/16/19 09:44:55 PM
#4320   Thanks CLK 09/16/19 09:37:36 PM
#4319   Thank you so much! CLK 09/16/19 09:33:09 PM
#4318   I buy and sell micro caps all the nsomniyak 09/16/19 08:39:53 PM
#4317   This? On 25th April, 2019, the Kreido Quintessence 09/16/19 04:56:22 PM
#4316   Can someone kindly repost the paragraph that summarizes CLK 09/16/19 03:44:30 PM
#4315   Thanks for the replies. None of the CLK 09/13/19 08:32:53 PM
#4314   I have mine with Fidelity swing4thefences 09/13/19 10:37:10 AM
#4313   I use E-Trade as well. CC3 CommonCents3 09/13/19 09:54:03 AM
#4312   Mine is at E-Trade kilerb 09/13/19 12:05:22 AM
#4311   I could use some advice from others on CLK 09/12/19 09:43:49 PM
#4310   You raise Several valid points of reference CLK, JacksBack 09/12/19 07:27:39 AM
#4309   Very important stock_observer_77 09/12/19 05:54:25 AM
#4308   Kreido Biofuels, Inc. presently has no plans, proposal CLK 09/12/19 02:24:27 AM
#4307   Based on the Def 14c we only know CommonCents3 09/11/19 12:20:13 PM
#4306   When is it going down in the K jball44 09/11/19 11:10:39 AM
#4305   Yup. Just waiting quietly. Quintessence 09/09/19 08:38:10 PM
#4304   Crickets jball44 09/09/19 05:56:43 PM
#4303   Stallion4life38 09/06/19 03:40:35 PM
#4302   Fernando! stock_observer_77 09/06/19 12:47:33 PM
#4301   DEF 14c filed today $KRBF swing4thefences 09/06/19 12:41:11 PM
#4300   1/100 RS 420man 09/06/19 12:25:47 PM
#4299   Somebody wants in cheap, they procrastinated and now stockinspector 09/06/19 12:12:03 PM
#4298   Your absolutely right, when the stock websites actually stockinspector 09/05/19 02:44:38 PM
#4297   This is spot on. Based on the current CommonCents3 09/05/19 11:02:23 AM
#4296   At this point, here is how I look WinningNoMatterWhat 09/05/19 10:52:21 AM
#4295   There is a still a tremendous upside here. CommonCents3 09/04/19 12:39:26 PM
#4294   Fernandomania! Was it the screw ball buster ? Hey I’m peafunke 09/04/19 10:37:36 AM
#4293   You’re confusing a R/S w/ the purpose of CommonCents3 09/04/19 09:37:45 AM
#4292   Fernando Valenzuela stock_observer_77 09/04/19 09:09:51 AM
#4291   I think you missed the sarcasm there ... peafunke 09/04/19 09:07:13 AM
#4290   That Made my Day/Week/Month! JacksBack 08/30/19 07:06:34 PM
#4289   Great post. I agree w/ everything u said. CC3 CommonCents3 08/30/19 10:26:42 AM
#4288   That is my experience with reverse splits. They CLK 08/29/19 08:16:26 PM
#4287   My sentiments too, there is definitely a plan JacksBack 08/27/19 11:30:27 AM