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Ask is at .0310 on TDA
Been here since the pregame. I want to see this puppy grow legs and boogie in the morning.
Tomorrow maybe fun!!! $kwbt
I agree wholeheartedly.
Imho I believe that Yvonne wants to be debt free she and $kwbt just needed some time. 1) to let virus run its course. 2) For a/r to start rolling in. To pay off those debts. It may be a little ugly but just like a sleeper race car. We’re going to see really soon what’s under the hood.
That’s a good way to put it. Just know what you own!!!
From the 8k On October 7, 2019, Kiwa Bio-Tech Products Group Corporation (the “Company”) executed a Securities Purchase Agreement (the “SPA”) between Geneva Roth Remark Holdings, Inc. (“GRR”) and the Company, Pursuant to which GRR purchased from the Company a Convertible Promissory Note in the principal amount of $153,000.00 (the “Note”) dated October 7, 2019. The Note bears interest at the rate of 12% per annum and must be repaid on or before April 7, 2021 after the funding date of the respective tranche (each a “Maturity Date”) the Note may be prepaid at any time before Maturity Date without any prepayment penalties. The Note bears interest at the rate of 12% per annum and must be repaid on or before April 7, 2021 after the funding date of the respective tranche (each a “Maturity Date”) the Note may be prepaid at any time before Maturity Date without any prepayment penalties.
On October 7, 2019, Kiwa Bio-Tech Products Group Corporation (the “Company”) executed a Securities Purchase Agreement (the “SPA”) between Geneva Morningview Financial, LLC. (“Morningview”) and the Company, Pursuant to which Morningview purchased from the Company a Senior Convertible Promissory Note in the principal amount of $135,000.00 (the “Note”) dated October 7, 2019. The Note bears interest at the rate of 12% per annum and must be repaid on or before October 6, 2020 after the funding date of the respective tranche (each a “Maturity Date”) the Note may be prepaid at any time before Maturity Date without any prepayment penalties.
From the 8k On September 12, 2019, Kiwa Bio-Tech Products Group Corporation (the “Company”) executed a Securities Purchase Agreement (the “SPA”) between EMA Financial, LLC (“EMA”) and the Company, pursuant to which EMA purchased from the Company a Convertible Promissory Note in the principal amount of $150,000.00 (the “Note”) dated September 12, 2019. The Note bears interest at the rate of 12% per annum and must be repaid on or before June 5th, 2020 (“Maturity Date”) the Note may be prepaid at any time before Maturity Date without any prepayment penalties. The Note carried an Original Issue Discount of $9,000.00. In addition and in connection with the issuance of the Note, the Company agreed to issue 237,500 shares of common stock to EMA as a commitment fee, provided, however, that 230,000 of such shares must be returned to the Company’s treasury if the Note is fully repaid and satisfied prior to Maturity. The Holder has the right, at any time after the Issue Date, to convert all or any portion of the then outstanding and unpaid Principal Amount and interest (including any Default Interest) into fully paid and non-assessable shares of Company Common Stock at a conversion price equal to shall equal the lower of: (i) the lowest traded price during the preceding twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Issue Date of this Note or (ii) 70% of the lowest traded price for the Common Stock on the Principal Market during the twenty (20) consecutive Trading Days on which at least 100 shares of Common Stock were traded including and immediately preceding the Conversion Date. The conversion price will be adjusted if the Note is in default at the time of conversion.
In addition, on September 19, 2019, Kiwa Bio-Tech Products Group Corporation (the “Company”) executed a Securities Purchase Agreement (the “SPA”) between Firstfire Global Opportunities Fund LLC (“Firstfire”) and the Company, pursuant to which Firstfire purchased from the Company a Convertible Promissory Note in the principal amount of $100,000.00 (the “Note”) dated September 19, 2019. The Note bears interest at the rate of 12% per annum and must be repaid on or before one year after the funding date of the respective tranche (each a “Maturity Date”) the Note may be prepaid at any time before Maturity Date without any prepayment penalties. The Note carried an Original Issue Discount of $5,000.00. In addition and in connection with the issuance of the Note, the Company agreed to issue 158,333 shares of common stock to EMA as a commitment fee, provided, however, that 75,000 of such shares must be returned to the Company’s treasury if the Note is fully repaid and satisfied prior to Maturity. The Holder has the right, at any time on or after the 180th calendar day after the Issue Date, to convert all or any portion of the then outstanding and unpaid Principal Amount and interest (including any Default Interest) into fully paid and non-assessable shares of Company Common Stock at a conversion price equal to the lower of (i) $0.75 or (ii) 60% multiplied by the lowest closing price of the Common Stock during the twenty (20) consecutive Trading Day period immediately preceding the date of the respective conversion. The conversion price is subject to adjustment in accordance with the terms of the Note.
Because if you read the 2 earlier 8ks there are other lenders that have notes due in at a later time that really have no bearing on today’s business model. By the time they come due they will write a check and be done with it. It’s immaterial at this point. We are talking 40m in revs 37m in assets. This company year over year has shown that it’s going to make it. The Chinese government is helping too.
I’ve been trading in the otc for a little while now and I have to say that this news imho has the potential to make the bid/ask in pennies not 100th of a penny. I spoke to Everett from IR myself for about 20 minutes today. This is huge!!!!!$$$$KWBT$$$$$
When $kwbt does its job and we as shareholders do our jobs. It will be no problem paying back those 2 notes that weren’t paid off if I read the prior 8ks correctly. It doesn’t have to be paid back as convertible debt, it can be paid for in cash etc etc. Imho this will give the company a chance to breathe. $$kwbt$$
That is a copy of the email that was sent out. I’m very proactive in trying to do my dd. I reached out to Yvonne and she gave my message to Everett
I’m Joseph
From weak hands to stronger hands $kwbt
I am not IR. I’m just a small fish in a very big pond. Big things are happening behind the scenes.
I just spoke with Everett from IR. 8k to be released tomorrow or Tuesday.
Sometimes these things trade very choppy it’s just the way it is when the volume isn’t there
This will turn around. I just keep my shares on a shelf until needed. Can’t complain at the price. The patents have got to be worth millions. $irnc
I made a couple of small smacks.
I slapped the ask a couple of times see if we came gets some life back in this thing
Maybe I’m trying to remember if they are a diluter or just a mm of sales
Agreed ALPS isn’t in the bid either
You have a positive outlook on things. I like that.
ALPS is on the ask at .0270 interesting
Does anyone have a list of the o/s changes over the last few weeks?
Why do I keep hearing r/s and increase in the a/s here lately?
I took some profit went to another ticker for a couple of days made bank now I have a core position here and a few other tickers that may hit. One never knows.
Yeah man I’m with ya $kwbt
The same few people are still here from .018 when I bought in. A lot have people have came and went. Are we the only one that see the upside to $kwbt?
Yup maybe I would have too
I’m rofl. You are a funny dude.
Holy Ship!!!!
I’m just sitting back waiting for the bid to start stacking. I have my medical marijuana to help keep me calm. Lol
Me too I don’t have a large position 100k shares but I’m holding until the cows come home. I screwed my average up by smacking the ask when we were in the 3s and 4s so my average now is .0297 so I’m down a few hundred at this point. But I know what’s in store so I’ll load when I can and we will meet in Miami or Dallas or where ever for a beer when this ticker starts spitting out coin like a slot machine. It’s coming if you all can’t see that well I’m sorry.
We need volume
Agreed I picked up another 71k shares
Monday’s a holiday
I just got filled @.0267 for 71000 more shares