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Unfortunately, the market for shells isn’t good. The fact he’s taking so long definitely shows he’s not just dumping it for pennies and still trying to do something of value.
This wait, with zero movement or updates from Hsu is very frustrating. The only positive I can find with the amount of time this is taking is….you have to believe as connected as Hsu is, that it would be relatively easy to find a “start up” Chinese company to merge in.
I believe the fact that it is taking so long tells us he is looking for a decent sized company to merge in. At least I hope that is the case. Either way, he needs to get a move on.
GLTA
CC3
Its very possible in the OTC. That is why we are here, otherwise we would be playing for $5 wins on the blue chips where it is relatively safe.
Highly doubtful, but I hope you are right.
I just keep reminding myself it spiked to $10 on speculation before…. It won’t take much to send it, Hsu just has to make a deal with a moderately sized legitimate company…
It would be except it's not...........
This would be a fine time for a reversal, eh?
UUUUUGGGGHHHHHH
More selling.......
Gee that's so encouraging!!!!!!!
Completely agree. As long as he keeps paying the money to keep us current, we are still in play. Hopefully, we get something soon. I have a lot of money tied up in this one for a very long time.
CC3
He’s still trying. We’re still waiting. There’s at least a pulse though.
LOL.................
At least we didn’t go dark this time. Lol
https://www.otcmarkets.com/filing/html?id=17556160&guid=dZQ-kppUa5ECJth
CC3
Yep. He’s definitely trying to put something together, but the fact that he’s late tells me nothing is imminent, which is a little discouraging considering how long it’s been since the Sky Cosmos deal fell apart.
It is odd to me that he is struggling so bad to put a deal together considering his long history with Nam Liong.
Oh well, I’ve waited this long…..
CC3
He’s trying to file everything necessary, even if it is late. I guess that’s something. Keeps us SEC reporting.
Thank you. That is definitely positive news. Thought he was throwing in the towel.
Now find a merger partner, Hsu!!!!
CC3
Should come off EM tomorrow with the 10K. Nothing new that I see. Mentions they are still shopping for target acquisitions.
Maybe you have too much confidence in him...
I think it’s become apparent that he’s incompetent. He botched the deal with Sky Cosmos and now it’s obvious he simply can’t put a merger together. For him to file the extension paperwork and still let it go dark is just another example of a guy that is in over his head.
The shell is still very valuable in the right hands. I am hoping he can sell the shell to someone that knows what they are doing. Hsu is a clown.
CC3
I still don’t understand why he’d file the NT form and then miss the deadline… seems counter to the purpose.
I hoping they do something so I can get my money out of it and put it to some good use.
Agree. Letting a $400k shell rot instead of letting somebody else put value into it.
Still hoping there’s some small chance they still do a NamLiong deal of some sort, even if just SkyCosmos like before.
Hope you're right.
In any event, pretty pathetic that it happens and pretty pathetic what he does with the company.
Give him a few days. He’s unfortunately done this before. Because it’s SEC reporting, it instantly comes back once he files the document. The whole unsolicited, form 211 thing has been an issue for a few years, so that doesn’t change.
He did..........
Yep. I was nervous that he was gonna let us go dark.
Looks to be the same story. Likely no changes. Filed last second to stay current. More waiting…
Nice catch. I hope you are right.
CC3
This was on the amendment document “correctly check the box on the cover page to indicate our departure from shell company status”. I think he’s trying to make sure it doesn’t come under SEC scrutiny as a foreign shell.
Maybe in a few weeks we’ll see the “Unsolicited Trades Only” warning gone from OTCM.
Agree. It was pretty much a nothing burger, but as I have said before, I am just happy he continues to spend the money to keep us current. Would really like to see us be able to trade freely w/ MM’s so I hope you are right.
CC3
I didn’t see anything significant. Some of the “looking for a merger” language was removed, but that may simply be an effort to remove the shell badge and get this fully trading again. Nothing jumped out to me.
Long term?
How much longer is it going to be?
Imo, what’s happening is you have about 4 or 5 folks bid sitting, but constantly trying to 1-up the other for shares, but at a minimal amount. Somebody bought up some shares at a good price and isn’t on the bid today. that in turn has now triggered fomo for any sellers that would have taken .55-.60 for their shares at year end tax selling. The other buyers are placing daily bids. When the higher GTC didn’t show up in the AM, they went back to low bids.
It doesn’t really mean anything long term. My point was there’s a few folks that seem to be trying to entice selling and are gobbling up any shares that break free.
What now?
The bid disappears and the ask has been enticed.
Pray tell your thoughts please.......
There is some consolidation going on. The bids creep and creep to entice the ask’ers. At some point, auto orders trigger. Every time a block brakes free, it’s seems to cause a reshuffle of the standing orders. Seem to also be several folks playing the game on the bid. Interesting to watch for a ticker with no updates.
Bit off a chunk?
2,600 shares
LMAO
That’s why I refuse to sell until I know the outcome of the merger. Hsu has to find a company to get a ROI. He’s not going to walk away from a half a million dollars. That’s why he’s paid to keep the shell current.
As you said, the S/S is set for a massive move on ANY good news. This thing was at $10 on the last good news that fell through.
C’mon Hsu make it happen and let’s ALL get paid.
CC3
Basically, everything under $1 got cleared out. Any peep of good news will send this skyrocketing. Seems to be some demand as well. Bid creeping up.
Somebody bit off a chunk this morning. Hopefully that is a sign of things to come. I’ll take any glimpse of good news at this point.
GLTA
CC3
I’d take more .21’s. None being sold.
Stalemate?
NLSC is near its low's.
There is no stalemate.
NLSC has been hammered!!!!!!
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No. 357, Ren’ai Street
Yongkang District
Tainan City, Taiwan
https://www.google.com/maps/place/No.+357,+Ren'ai+St,+Yongkang+District,+Tainan+City,+Taiwan+71072/@23.0521549,120.2428303,3a,75y,339.14h,105.26t/data=!3m6!1e1!3m4!1s1i2QlEayBDnz00nAPHg2OA!2e0!7i16384!8i8192!4m5!3m4!1s0x346e7756e80c72af:0x12aa85576a3adfcc!8m2!3d23.0522824!4d120.2426599
https://www.namliong.com.tw/en/page/factory-profile.html
http://www.namliong-group.com/en/index.php
LOTS OF LINKS TO NAM LIONG GROUP!
"On December 14, 2021, Kreido Biofuels, Inc., a Nevada corporation (“we,” “KRBF” or the “Company”), nine stockholders (the “Selling Stockholders”) and six purchasers (the “Purchasers”) entered into a Stock Purchase Agreement (the “SPA”)"
Name | Position |
HSIAO, Chung Pin | Chief Executive Officer and Director |
HSIAO, Yu-Chiao | Secretary and Director |
HSU, Cheng Hsing | Chief Financial Officer and Director |
"Mr. Chung Pin Hsiao joined us as our Chief Executive Officer and a director on December 20, 2021. Mr. Hsiao has served as Chief Executive Officer of Sky Cosmos Limited since 2011, the Chief Executive Officer of Namg-Hong Technology Co., Ltd. since April 2011, the Chief Executive Officer of Chinlax International Co., Ltd since April 2015, the Chief Executive Officer of Oriental Green Energy Technology Inc. since August 2012, the Chief Executive Officer of Hengding Biotechnology Co., Ltd. and the Chief Executive Officer of Yuan Yun Food Co., Ltd. since November 2014. Mr. Hsiao brings to the Board his expertise in leading and operating technology companies. Mr. Hsiao received his college degree in 2007 from The Wycliffian Society.
Mr. Cheng Hsing Hsu joined the Company as our Chief Financial Officer and director on December 20, 2021. He is the director and controlling shareholder of Orient Express & Co., Ltd., the controlling shareholder of the Company. He has served as the Chief Financial Officer of Nam Liong Group General Management Office since April 2003, the Supervisor at Namliong Global Corp(5450.TW)., Taiwan since June 2010, and the Supervisor of TIONG LIONG Corporation since May 2013. From January 2019 to July 2021, he served as a Director and the Chief Financial Officer of VIVIC CORP. (VIVC. Nasdaq QB), U.S.A. He expects to be appointed to serve on the Board Directors of Times Education Holdings Australia, Pty. (TEH) in December 2021. Mr. Hsu was the Associate General Manager of Dachan Foods (Asia)Company (3999.HK), Hong Kong from March 2001 to March, 2003. From February 2000 to February 2001, he was the manager of Finance Department of Catcher Technology Company (2474.TW), Taiwan. From May 1993 to February 2000, he was the Manager of Accounting Department of Great Wall Enterprise Co., Ltd(1210.TW), Taiwan. Mr. Hsu brings to the Board his expertise in operational and financial expertise. He received a Bachelor of Accounting from Fengjia University, Taiwan and EMBA from Chengjung University, Taiwan.
Ms. Yu Chiao Hsiao joined the Company as our Secretary and Director on December 20, 2021. She has served as the Chief Executive Officer of Eternalcare Business Ltd., Taiwan, since 2020 and Suzhou Greatsun Electronics & Communication Co., Ltd., China since 2016. She has also served on the board of directors of each of Ever Development Investment Co., Ltd., Taiwan and Ta Hsin Company Limited, Hong Kong since 2017. From 2015 to present, Ms. Hsiao has been the Director and Vice General Manager of Nam Liong Global Corp., Taiwan , a Supervisor of the Board of Great Legend Agriculture Development (HK) Ltd., Hong Kong and a Director of the Board of Elementech International Co., Ltd. Between 2010 and 2011, Ms. Hsiao was the Chief Operating Officer of Dongguan Xutai Sports Bag Manufactures Co., Ltd, China. From 2008 to 2009, Ms. Hsiao was the Sales Director of Dongguan Proprene Sporting Goods Co., Ltd., China. She received her Bachelor’s Degree in Business Administration from Pacific Lutheran University in 2004. Ms. Hsiao brings to our board her deep experience in international operations in the Asia region."
From 12/20/21 SC 13D:
https://www.otcmarkets.com/filing/html?id=15430809&guid=qrfwkFniGBAxOth
Mr. Hsu is sole director of Orient Express, the majority owner of KRBF.
"(b) OEC is the direct owner of 12,000,000,000 shares of Common Stock (the “Shares”) representing approximately 81.6% of the outstanding shares of Common Stock and shares the power to vote or to direct the vote and to dispose or direct the disposition of the Shares with Mr. Cheng Hsing Hsu. Mr. Cheng Hsing HSU is the sole executive officer and director of OEC and is deemed to have beneficial ownership of the Shares. Mr. HSU has shared power to vote or to direct the vote and to dispose or to direct the disposition of the Shares. Mr. Hsu is also the direct owner of 110,000 shares of Common Stock of the Company representing approximately .07% of the outstanding shares of Common Stock and has the sole power to vote or to direct the vote and to dispose or direct the disposition of such 110,000 shares of Common Stock."
Acquisitions incoming!!!!
"It is the understanding of the Reporting Persons that the Company is in active discussions to acquire one or more companies affiliated with the executive officers and directors of the Company in the near future."
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