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Currently, the customers in Xinjiang, Hainan, Shandong and Shaanxi have started to use Kiwa fertilizer for spring farming season. After the resumption of our production, Kiwa fertilizer has delivered 24,000 tons of Kiwa bio-organic fertilizer, 8,800 tons of Kiwa compound microbial fertilizer and 800 tons of Kiwa water soluble fertilizer for the first quarter of 2020.
Yes for Q1 2020.
The company didn’t just give projections for Q1. They gave the amount of tons sold of each fertilizer. The prices are easily found in the 10k.
We actually don’t know yet if they paid them off. They were only paying off the notes that came due in 2020 not the delinquent ones.
With $7.5m in sales in Q1 and a single order for $7.5m in Q2 (not to mention their normal sales for the period) its seems like we’re going to see some huge things happening any day.
“Nearly 13,000 farmers' cooperatives in Shaanxi Province of China are systematically managed. The fruit planting area involved is nearly 40 million mu (Approximately 6,589,477 acres). Under the guidance of systematic management in the next three years, it will gradually become Kiwa’s fertilizer market.”
Such an important part of the 10k that not many people have talked about.
I think so to.
I hope that’s not the case. I’d like the SS to remain as is or under 550m for sure. I’m hoping they sold off parts of the company to focus on higher margin and high demand product personally.
Again,imo only, the 10q for Q1 would be the entry catalyst. It would show they are going to get filings in and if revenues show 80% of last years Q1 (due to COVID) management is true to its word.
At this point being so far delinquent they may make mention of the convertible debt issue in subsequent events.
It’s risky, the OTC is super volatile. With $40m+ in revunes, $2-3m in debt, a SS of 515m, government support in China and trading below .009 I personally can’t pass it up.
I can’t answer for him but for me the answer to that is IF dilution has ended this company is very under valued. It’s that simple. If they can stop paying outrageous amounts of interest on debt a year and stop selling shares this will be .10-.20. A market cap of $50-100m.
These plays on the OTC, where you’re investing in an actual company and not a shell or scam are, imo, the ones that take the longest to pay off.
Yep. Get paid a pretty penny for the stuff they aren’t focusing on. Pay all the debt with it and load up on government and public contracts for remediation imo
My thought is they are selling off parts of the company to focus solely on the soil remediation technology.
Looks like we all got told the same
Thing. Now that it’s out there what does restructuring mean. There are only a few things imo.
No one is disagreeing with you about the fact we need the filings to come. A glance at the SP will tell you that. It’s a waiting game. There is nothing the shareholders can do to speed up the process.
They filed their year ending 10k in May. I personally highly doubt that between then and now the company decided to stop caring.
No the company doesn’t have to 8k a note pay off. Why wouldn’t the company want to PR it though is another question.
Does anyone see and dilution happening on their L2. Mine looks clean. Looks like only retail?
I’d agree buying into strength is the better strategy. Averaging down is good in theory but if you get the chance to average down something probably isn’t going well.
Are you a shareholder here?
Expect a company update next week. Not sure about filings though.
Did people really expect approval today? 30 days from now is way better then the 60 mentioned before.
Agree, as much as I believe we will be golden here there is no excuse for missing filings by this much. It’s unprofessional and extremely detrimental to shareholders.
These guys need to start communicating to more then just an email here and there.
This isn’t dilution today. Someone wanted out is all.
I had contact with management a week or so ago. Was told to expect update early August.
Maybe CGA or someone else is buying us out. That would be ok. Not likely but seems like it would make sense for a larger competitor.
.01 break today? I think so.
Yes very true. That is why we are so fortunate to have indicators/fundamentals that allow us to make educated guesses what that true value is.
I think we are finally going to reach our true valuation. Potential investors just need to hear dilution is over.
KWBT is going to be one to watch in August. 2019 revenues of $40m and current market cap $4.8m. Lots of catalysts coming. Might be looking at a debt free company (no dilution) with huge YoY growth in a booming market.
A lot of people will really like this stock soon
Multiple pennies soon. Maybe even dimes. We’re going to have 60m~ revs this year and increasing. Once debt is paid down we will be netting multi millions a year. That’s net profits. Market is forward looking. Right now the dilution blinders are on but once the fog clears we will have our day. Imo of course but I’ve never been
more confident in a penny stock.
Soil remediation is a massive market and we have the support of the Chinese government. If this company was doing business in the US with government support we would be trading multiple dimes and maybe higher already. Patience pays in the OTC.
I think think our time is close I bought 200k more today just in case.
I’m not seeing any dilution are you
Where are our buyers
That is a good find!
If this company has the potential or is as good as we are hoping a couple aliases on Ihub can’t control anything. Imo
The 14 day RSI at 80% is .125. This has lots of room to run now bc of the pull back.
That is not true