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What was the update about?
I still scratch my head as to why the kiwa website still functions. Why do Ziqi Wang and the rest of the "leadership team" still have their profiles on the website since now they are associated with the ticker getting revoked by the SEC. Why would they want to be associated with that if they gonna continue with their careers?
I'd like to know kiwas responses to the SEC investigation. It ended with revocation but if memory serves the sec letter worded it something like it was part of the deal put forth by the respondent (Kiwa)
It would be cool if posted here instead of PM(s), since there's not much going on with the board anyway
Gee, what's the good news?
Anyone send follow up email to Ziqi Wang to inquire just what the "good news" will be?
Crazy that they still listed as leadership on kiwa website
8 million? Dang, what is your cost basis?
Care to share any of your past success in expert market tickers? Or others you are currently looking at?
Thanks
KWBT is/was a gamble and most here understand that, more now than ever :)
I see they dropped the "Ontario, Calif." ....
As people are kicking around here and I've pondered over the now years, why???
Are they really trying but are inept?
Internal disagreements?
Whether there is a pump or not in people's opinions, there is no "dump" on the expert market, no liquidity
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169448987
Haven't had presence in California for a long time
Oh come on now
The ball is flat, they just need to pump it up :)
Thanks for keeping up us to date on the share structure but, according to the agreement that mustang and I read :), it appears that the share structure will change, perhaps dramatically, in a bad way for us.
My only hope is that they are referring to preferred shares only (which have all the voting rights is my understanding)
Party A being Wade, his daughter, and Yvonne, currently the only holders of preferred shares. Party B is Xiaoman.
(5) Party A shall spur KIWA into issuing additional shares to Party A and Party B or Party B’s designated entity. After such oriented additional issuing is completed, Party A shall hold no less than 15% shares of KIWA after share merger, and Party B or Party B’s designated entity shall hold no less than 85% shares of KIWA after share merger.
This is in the 8k from last September
Is it possible for them to not get pink current while they do the items agreed upon with Xiaoman?
And try to list straight to nasdaq or NYSE?
Hahaha, fair enough
I've been going back and reading old sec filings, something I've never done before with any company, to get a view of KWBT history.
In 2004 KWBT, then a British virgin island co, got listed by merging with tintic gold mining co in Utah (TTGM)
Now another British virgin island co, Xiaoman, is merging with kwbt...
My biggest concern, going back to the supposed cooperation with global holding group is that common shares will get diluted into oblivion before the reverse split and uplifting to nasdaq/nyse
Yeah, I don't think Yvonne holds a position now in the reorg/merger/thingy.
Email to Yvonne, wade, myli, at kiwa biotech gets kicked back as recipient can't be found or is not set up to receive email, something to that effect
For my most recent attempts anyway
If not real it still just begs the question, then why the charade?
Any updates (yet) to the share structure?
This from October 15, before they announced the new board FYI
Hi Scott, how are you doing? Sorry! It was been busy days for me recently.
I don’t know if the deal with Xiao Man International is good or bad at this time.
The epidemic has caused China to locked down lots of the cities in past 3 years, and in the summer of 2022, China was hit by its most severe heatwave in six decades, exacerbating a drought that has impacted food and factory production, power supplies and transport in a vast area of the country.
It’s been very difficult for Kiwa to keep the daily operation and expand the market shares in the short term. However, we still want to keep Kiwa alive during this difficult timing. Kiwa would still try our best to survive in the agricultural industry, but in the short term we would like to consider other options for the company. Xiao Man which is very sophisticate in digital assets, digital collections, metaverse, and film and television culture. It might be a good chance for Kiwa?
Anyways, the management of Kiwa just wants to find Kiwa a better chance to up list as soon as possible instead of just waiting for endless uncertainty.
Wish all the best,
Yvonne
-----------------------------------------
Yeah
It's still my belief that wade and Yvonne are hoping to get "paid back" by kiwa through appreciation of stock price and selling the shares they received from their respective cash infusions.
But, they certainly don't seem to understand the idea of "investor confidence" with regards to share price, if/when they get current
Indeed, is it more than two years now? I dunno
I copied and pasted the text below, from July 13th, best I can do from my phone, while at work. Assign whatever value you choose, but at least it's something as opposed to nothing
Hi Yvonne
I hope all is well with you.
I discovered that Kiwa no longer has a presence in the office in California.
Is this part of kiwas plan to focus on growth in China?
Have covid restrictions in China relaxed enough to allow full operations for kiwa?
Is the cooperation with Global Holding Group still happening?
Thanks for your time
Scott
Hi Scott, hope you are doing well. Yes, Kiwa doesn’t hold the office in California, because Kiwa is a Nevada corporation, if there is California office then the company needs to file duplicate Tax Return for both states and the main reason is because Kiwa wants to focus the growth in China at this time. Kiwa is almost back to the full operation, but I heard there is another restriction just started in Shanghai yesterday. Hopefully it would be a fast restriction.
The cooperation with Global is still exist.
Best regards,
Yvonne
Funny thing is nobody has asked me either
I don't blame you for placing that bet
I'm definitely not busting out my kwbt pom poms
For me I think it's a coin toss
In my email from July 13 (2022, lol) I asked Yvonne if the cooperation with Global Holding Group is still happening.
She replied the cooperation with Global still exist, or words to that effect
For me, it's a yes and no as far as how concerning it is
I wanna say in the last vague "press release" that Kiwa intended to focus on growth in China, so it can stand to reason they would close an office (likely only a couple desks with phones) in CA.
Yvonne explained that with kiwa being a Nevada corporation by having an office in California when (imo if) they get current on financials they would have to file taxes in both Nevada and CA going forward so it's a cost cutting step I assume.
I'm curious as to why they didn't close it earlier, unless they were abiding by terms of a lease, which if they did honor the terms of a lease, rather than breaking it, that's a good thing
Kiwa is out of the California office as of June 30th
I got the answer, hang up a couple times earlier in July until one time the operator answered "kiwa biotech" I asked for Yvonne and she informed me that Yvonne was no longer there as of June 30th.
A day or two later Yvonne confirmed that with me via email
In the incident you are referring to, I think you may have scherzman confused with szechuan20?
Yeah, perhaps
I'm not paying much attention at this point.
I wanna say it was ratherbegolfing that was predicting that Kiwa will go through a name change, "rebranding"?
This company baffles me
Just as I'm completely losing interest thanks to an acquaintance of mine in Yunnan China told me they were unable to connect with Kiwa on WeChat or by customer service line in China, I call the CA number, get the answering service, ask for Yvonne and get a personalized VM greeting for Yvonne followed by tone to leave a message
If memory serves last time I called the CA number the VM box was full
Hehe
Question marks indeed
If I may ask, what is that or pertain to?
Or are we looking for a translation?
Damn
It looks as if the Kiwa and grnl pdf filings share the same name so my phone asks me if I want to download "content.pdf" again?
Sorry for any confusion
Who is greenlite ventures?
The filings I see under the disclosure tab for Kiwa are for ticker grnl.
Look up grnl on OTC and one can find the same June 30 2021 filing
Seriously, is this a clerical error by OTC, grnl, or Kiwa?
I don't understand the association with Kiwa and grnl, if there is one
Thanks Szechuan
"I will post my detailed analysis of why this stock has done what it did in the past 2 years and where I truly believe the end result will be before the 10K filing deadline of 3.31.2022"
Glad Yvonne confirmed she still has shares.
I suspect that's the same with Wade.
I mentioned in post # 38283 per old filings both Wade (along with his daughter) and Yvonne hold significant shares so their needs are aligned with ours, the common shareholders.
There certainly are ways they could be made whole, get their money back, and screw shareholders at the same time but I don't believe that to be the case. Fingers crossed lol
I had received a similar email.
Also curious as to why a passport is required by OTC. They must require proof of ID from all board members, etc?
My question, is it a US passport or China passport? Wikipedia says China passport takes 10 - 15 business days, possible to expedite to as few as 5.
KWBT doesn't seem interested in expediting anything lol
So Murphy's law says it's probably a US passport and they won't expedite so....
Zzzzz
You should buy ten shares for a dollar, I'll send you the ten bucks :)
Agree 100%
They have proven to me that they are not dead
Whining nasty writing styles, like those seen in many posts on message boards, are seldom well received by investor relations of any company. Those styles and ultimately their authors are easily dismissed/ignored.
If someone were to do what you suggest and posted the experience here,if positive, many bears would just dismiss it as "fake news" because it can't be proven. So, why bother?
This board, I feel, definitely supports the bear point of view but bulls are considered to be hitting the hopium pipe, lol
I think my most recent email communication with Kiwa was November 26? I forget.
I largely agree with rather be golfing posts except I have a rosier outlook, I think. Their posts have the same type of DD in them, the type that can't be "proven" such as calling OTC. For me, my emails are proven because I've seen posts by bulls here and there (including other boards) saying the same thing I've been told.
This post is alot about nothing since all anyone bears or bulls can do is wait to see what happens next.
Some prefer to complain while waiting