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I posted it yesterday. I had emailed the TA directly. I have done so several times and they always get back right away.
If you go to the transfer agents website there is a form to fill out and request a share structure. They usually get back within a couple hours
OS is 224MM now
If it isn't updated on OTC markets yet I'm sure it will be soon
Good morning. Hoping for a good, clean trading day today! Good luck all
Let's have another day validating that dilution is over!!
I agree. Fertilizer production is likely less sensitive than other industries to all of these issues.
Farmers need to plant... To feed the population, and ultimately they need fertilizer.
Now in a truly catostrophic scenario I guess we could see some Farmers skipping planning and importing more grain than usual (to China).
But I have to be real here... I have some fear about the coronovirus. It seems to be much worse than the prior outbreaks in recent history. Only time will tell. Look how it has spread in South Korea, look at what the CDC put out yesterday. O think the writing is on the wall here
For sure. Also just a PSA it's easy to request the share structure directly from the TA.
The direct link is: http://pacificstocktransfer.com/share-structure
All you have to do is fill out the form and they will get back with you pretty quick
I just emailed TA and got a response and there has been no further dilution as of yet. Still sitting at 203MM OS
Can anyone see if acra is still on the ask? On TD I just see NITE at .0217
Haha fair enough! Best of luck to you!!
Fish... We miss you in the chat. What happened?
Glad to see no increase in OS
About 14.5 MM restricted
Lol you are wrong.
203 is confirmed. I'm sure you will see it in. OTC markets soon
Odd...
I guess we will know once OTCMarkets is updated
Well 11 to 12 millions shares would be reasonable if there was 150k left to pay off.
Dr evil knows his stuff. Contact the transfer agent if you want independent verification
I did some quick figuring as well and came up w/ roughly 213MM. I think several other users have come up with similar figures
Someone needs to just slap through the ask here!!
Great post - sticky??
This is fantastic. Absolutely fantastic news!!
book value $.75
Per Marketbeat...
https://www.marketbeat.com/stocks/OTCMKTS/KWBT/
Awesome news this AM. They really show they understand the issues they have had with AR and are actively working to improve in those areas. What Great news!!!
Is it possible that extra 10 MM to the OS was from the 12th and 13th? Remember the last OS update on OTC markets was middle of the day on the 12th. They may have churned through the dilution on the 12th and 13th?
Although today did seem like there was very heavy sell pressure.
This is bizarre. Don't see any explanation other than market makers manipulating here. I really just don't understand...
Tough first 30 min of trading. Looks like we may get a bit of a breather here for a few minutes
Wish I had the funds to buy more down here
This open makes now sense...
People going to have to start chasing here in about 5 minutes!
I think we get into the .04s and close between .036 to .038. just since we are heading into a long weekend. Hope we can maintain the momentum through the weekend
Here is the trade tape https://ih.advfn.com/stock-market/USOTC/kiwa-bio-tech-products-qb-KWBT/trades
Not sure on this.... But I think the trades marked "avg" are cross trades? Can anyone confirm?
They are definitely hiding bids and asks. Seen this game played before
Wtf is going on with this right now. Odd buys and sells all very very small
We sure could use some volume though
What? I don't think it's halted?
I think that's unlikely based on the terms of the convertable debt they had. Copying and pasting some info I posted in a discord chat....
I've been doing some back-of-the-napkin math on the convertable debt. Bear with me here....
Using a minimum price of $.02 as an average for the period they have been diluting ( this is likely a bit conservative as the minimum was likely higher on many of those days) this means the notes would convert at $.0124 (68% of the lowest closing price over the prior 18 days) per the disclosures... Special thanks to @Big D for point this out .
Assuming this $.0124 per share conversion as the worst case that would mean they need to convert ~185MM shares to pay off the $2.3MM in debt. In November their OS was roughly 28MM. This means absolute worst case we would be looking at an OS of ~213MM when all is said and done. Again this is using just a very conservative number for the conversion price based on the lowest close price over the prior 18 days.
When their was an OS of 28MM this seemed to be trading fairly steady in the $.70 range. That would mean even if the OS increased to 280MM we should still be priced around $.07.
Personally I think the OS will stop growing around were we are now and get no higher than 205MM. For me this makes my reasonable exit price target somewhere in the $.08 to $.13 range.
Again lots of assumptions on this, but dang it just makes sense! I feel confident in this play. All this is just my opinion please do your own DD. I am not recommending anyone buy or sell based on any of this info.
Took a starter here. This is looking good. A blessing to get in under a penny
Im wondering the same thing? I'm not clear on who that is.... And I am very skeptical that it's legit..
Those .029s keep getting chewed through! Seems like some really strong buying aupport