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Kreido Biofuels Inc. (KRBF)

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Last Post: 2/22/2021 10:22:33 AM - Followers: 72 - Board type: Free - Posts Today: 0

KREIDO BIOFUELS,INC.

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.
Source:
https://www.streetinsider.com/SEC+Filings/Form+8-K+Kreido+Biofuels%2C+Inc.+For%3A+Apr+25/15413335.html




Contact Info

3625 Cove Point Drive
Salt Lake City, UT 84109
Phone: (801) 209-0740
Email: greedp@gmail.com
Share Structure:
 
Market Cap
$6,828,016
07/30/2019
 
Authorized Shares
300,000,000
07/24/2019
 
Outstanding Shares
195,645,159
07/24/2019
 
Restricted
172,048,417
07/24/2019
 
Unrestricted
23,596,742
07/24/2019
 
Held at DTC
23,369,370
07/24/2019
 
Float
23,596,742
05/08/2019
 
KRBF
Current Price
Volume:
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  • 1Y
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  • 5Y
PostSubject
#4507   Sounds like with the SEC cracking down on Stooges 02/22/21 10:22:33 AM
#4506   This CEO is not gonna walk away from CommonCents3 02/04/21 12:23:27 AM
#4505   The biggest danger here is the delinquent reporting, WinningNoMatterWhat 02/03/21 02:46:05 PM
#4504   Hey Boys- Keep in mind that the CommonCents3 02/02/21 10:31:53 PM
#4503   With all the low floats getting hit, like Stooges 01/27/21 03:58:29 PM
#4502   Still holding, patiently waiting. CLK 11/24/20 11:44:11 AM
#4501   HAS ANYONE, SHAREHOLDERS, EMAILED THESE PRINCIPALS YET? HOLD JacksBack 10/12/20 12:23:44 PM
#4500   Thank you Spock,this deafening silence from corporate is JacksBack 10/08/20 02:33:26 PM
#4499   One thing I will say for you personally TheHappyVulcan 10/08/20 09:10:03 AM
#4498   Hey Spock, I am, and was, and have JacksBack 10/07/20 03:24:33 PM
#4497   I've been in and out of this a TheHappyVulcan 10/07/20 09:56:57 AM
#4496   I’m still here as well holding all my CommonCents3 09/01/20 12:12:26 PM
#4495   Hey Y'all, I am Still here!!! Holding, waiting JacksBack 08/26/20 01:35:49 PM
#4494   I believe 230k float — it’s crazy low. swing4thefences 08/25/20 09:27:27 AM
#4493   Isn’t the float in the mere thousands? Stooges 08/25/20 09:18:50 AM
#4492   Thanks for the response Swing :) Colmsclboy 08/21/20 02:53:49 PM
#4491   I’ve found no info. It would be swing4thefences 08/21/20 02:50:37 PM
#4490   Another month and no news of any kind?? Colmsclboy 08/21/20 02:34:03 PM
#4489   Anyone know what's going on with this company? Colmsclboy 08/03/20 02:08:58 PM
#4488   I agree.. It's long over due. Colmsclboy 07/15/20 01:25:22 PM
#4487   Hopefully soon, the 6 months has come and swing4thefences 07/15/20 12:32:45 PM
#4486   When are we getting any updates?? Colmsclboy 07/06/20 11:59:07 AM
#4485   Anyone have thoughts on what’s going on here? swing4thefences 06/30/20 02:25:40 PM
#4484   The new oversight act that was just passed WinningNoMatterWhat 05/21/20 11:59:06 AM
#4483   Have noticed a lot of little sell offs Stooges 05/21/20 11:25:31 AM
#4482   Thanks CLK 05/07/20 03:14:40 PM
#4481   I was expecting 5-5-20 per the 5th of stockinspector 05/07/20 10:57:25 AM
#4480   When do they need to file by? CLK 05/05/20 04:13:25 PM
#4479   Thanks, not surprising given the pandemic delays. CLK 04/11/20 12:49:19 AM
#4478   Just Noticed; NOTIFICATION OF LATE FILING 3/31/2020 stockinspector 04/08/20 11:09:59 AM
#4477   Chinese users of Zoom are gradually migrating to CLK 04/07/20 02:45:12 PM
#4476   Hey Boys- I’m still here as well CommonCents3 02/18/20 06:01:49 PM
#4475   Yeah. I'd like to get an update Quintessence 02/18/20 04:32:34 PM
#4474   Same here nsomniyak 02/18/20 04:31:58 PM
#4473   Still here — not a lot to talk swing4thefences 02/18/20 04:18:47 PM
#4472   Sure is quiet! Anybody still here? Quintessence 02/18/20 02:54:05 PM
#4471   Wow. Nobody has blamed the corona virus kilerb 02/01/20 03:02:54 PM
#4470   My bad, I meant to say wouldn't come stockinspector 01/17/20 11:45:40 PM
#4469   Those shares would not come from the outstanding stockinspector 01/14/20 07:25:33 PM
#4468   You can't really expect to get a company nsomniyak 01/14/20 04:50:45 PM
#4467   The problem is not the float, but what WinningNoMatterWhat 01/14/20 02:15:31 PM
#4466   Thank you. Haven’t been looking at this peafunke 01/10/20 03:50:10 PM
#4465   Float is 236,000 after R/S! Intro page isn't current. stockinspector 01/08/20 09:43:40 PM
#4464   KRBF r/s was 1:100 on or close to 11/21/19 nsomniyak 01/08/20 11:44:33 AM
#4463   Did this just reverse split ? peafunke 01/08/20 09:35:33 AM
#4462   Fact is I am ecstatic about this float. stockinspector 01/06/20 08:43:18 PM
#4461   PREDICTION FOR 2020! KRBF IS GOING TO JacksBack 01/06/20 02:36:21 PM
#4460   I never said I sold. What post was kilerb 12/30/19 10:01:14 PM
#4459   You’ve already said that u sold. Why still CommonCents3 12/30/19 09:52:58 PM
#4458   They’ve done the shareholder so well so far… kilerb 12/30/19 05:54:23 PM
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