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Let's hope it's a China passport then. I am sincerely ready to support KWBT and am very hopeful there is some tremendous revelation/rationalization coming to benefit all of us. We'll learn the extreme incompetence was actually pure genius! The share dilution, failure to file and need for a strategic partner w/ funding make that dream seem unlikely. Someone mentioned, here or stocktwits, that KWBT may be buying back shares to improve capital gain? Not necessary when you have 2.3+ bil approved shares you can cash in at your leisure & at the expense of faithful shareholders.
Usually, when it walks like a duck and talks like a duck...
Thanks for sharing Szechuan20. This would mean the ball is in KWBT's court and the OTC/Shareholders are waiting on KWBT again. An expedited passport will likely take 4-6 more weeks if this is a recent debacle.
Wonder why the OTC requires a passport? If KWBT knew a passport was required, why not be prepared? Looks like shareholders are going to be "HOPING" to hear something after Chinese New Year again. Maybe not 2021, 2022 or 2023 CNY... Frustrating that KWBT still cannot get their $hit together.
Not a complaint, just a back-handed educated observation based upon KWBT's factual/documented track record of continuous failure that continually causes delays. I'm still uber-pumped!!! Pass that delicious Kool-Aid!
Mr. Broken record himself. Here to defend KWBT. You must wear a cape and tights at your desk.
These same people, you know who you are, that have been telling anyone with a realistic opinion about a non-reporting, anti-shareholder, near-dark falling stock that they sounded like a broken record. SMH
Listen to the endless posts from these same people now... "Have faith, have patience, nothing to do but wait..." Faith and patience in a company whose management has used your money and shown you nothing but disrespect. Missing multiple internal deadlines & SEC/OTC deadlines.
Since this partnership was announced (Actually, since he took over in March 2020), we can be "very very sure" nothing has gone according to Wei Li's plans. Leaves a lot of doubt in his ability as a CEO, his intention toward shareholders, and the truth behind any previous statements he or the company has given. On second thought, it leaves little doubt in his ability as CEO, his intention toward shareholders, and the truth behind any previous statements...
Sounds like the same answer to me. I got the confirmation I was looking for which is that KWBT has actually submitted an application to reactivate their account (As stated in their news release) and that this is the correct process (reactivate then submit financials). IMO, brokerages may lift restrictions based upon OTC Markets acceptance of the application to reactivate.
If you have different questions, then you need to find those answers. Define "a number of things". Is that file the 10-Qs and 10-K? There is likely a difference in getting current versus lifting restrictions.
You're welcome. I was pleasantly surprised that OTC Markets would confirm the application. The person I spoke with was very helpful.
Easy to find & took less than 2 minutes. https://www.otcmarkets.com/contact I am in the US & called (212) 896-4400. Just followed a couple prompts until I reached the correct department.
Why don't you understand that KWBT has failed to provide adequate information to you as a shareholder to mitigate risks/losses of your own money?
Looks like a quote from the Book of Losers. KWBT chose to become a publicly traded company. KWBT & its officers have a fiduciary responsibility to shareholders to maintain compliance by timely filing annual/quarterly financials & by providing notice of relevant company changes. Any shareholder suffering losses would have a valid civil claim against these fumbling idiots.
Why is there no Class Action? 1). Because they are basically a Chinese company difficult to pursue. 2). Because there is likely no recovery of funds.
The "Risks" should be known and made public. KWBT is the exception not the model. You & others that defend KWBT's current situation are either sheep or shills. ALL CURRENT SHAREHOLDERS SHOULD BE QUESTIONING THE FAILURES OF KWBT MANAGEMENT! Unfortunately, these A$$holes won't even bother to respond to their shareholders. Don't bother telling people to sell. Most are looking for a timely exit.
OTC Markets confirmed that KWBT has submitted an application to reactivate their account and that this is the correct process (Reactivate then submit financials). I contacted OTC Markets directly this morning for my own peace of mind.
The confusion with KWBT stems from the Expert Market. KWBT is still being traded, however individual investors are not seeing "public" quotes and are not seeing share price changes until the end of the day.
OTC cannot give a timeframe for the application review. "Most" companies that were going to be affected by the Rule 15c 2-11 changes complied by the deadline. Purgatory for now, but I will hold my remaining shares in hopes the reactivation is days away & not weeks/months away.
I am very very very sure today is Monday and I am very very very very sure Friday (AKA "tomorrow" when suggesting the day after Thursday) has passed... LOL
It will go to liquidate only on TD Ameritrade this Friday the 13th. Don't know about the other brokerages.
Love to see Sharky posting here!!! We get a Gold Star. Bring your friends. Let's make it a party and run it like the Reddit crew! LOL!
Posted this a bit ago on Stocktwits:
Short percentages are all over the place. Funny, or maybe not funny at all, that someone would be shorting so heavily when a PR is expected???https://www.otcshortreport.com/company/KWBT
Keep thinking the same thing & I think you're on the right track. They seem to want to delist or fall under trade restrictions. However, I also believe officers of the company have a fiduciary responsibility to shareholders. IMO, intentionally holding down the price like this would be illegal. Worse than insider trading to say "We'll hold down the price while you buy up shares".
GHG had nothing to do with 2020 until December. Holding financials & claiming they'll post the 2020 10-K after the restructure is complete BS.
They think they're untouchable in China. Maybe they are? Who would be able prosecute them?
Really?
CDEL has shares for days! Intent to hold us below .012.
Where's JohnnySak? Remember this post 1/13/21?
"Holy Cow! Yvonne picked up the phone to Kiwa-Biotech California number. I expressed my concern being a shareholder and all. She said to me that all financials and news will be disclosed after Chinese New Year. This is no fluff. You can believe me if you like, but just called her at the (626) number. I think that’s a boost of continence!"
"DILUTION" - Wow, thanks Captain Obvious! LOL Likely to double, but at what terms? Can't decide if Li is stupid or corrupt. Thus far, I'm convinced he couldn't scramble broken eggs. Trading free shares, but not sticking around for losses.
On a side note, look at the Level II spread without CDEL .0135 to .0224.
Global Holding Group is the lifeline for shareholders. If Li had any viable connections, KWBT wouldn't be in this dire position of giving up half the business. I'm not in agriculture, but if KWBT's technology was earth shaking they would probably be a buyout candidate or would have had relative success; despite the poor business acumen of Li.
There is no information to be found Googling either Global Holding Group (China) or Shizun Cai. Can anyone point to a successful (Or unsuccessful) business venture of either party that is known publicly? Or any other valuable information on either party - with a link?
In any event, a new partner would likely need some assurance that KWBT's debts can be resolved before they signed a partnership agreement. My speculation is that there has been some resolution or plan regarding the toxic debt. Probably my top reason for maintaining a long position. What's it going to cost shareholders?
IMO, Wade Li needs to be replaced immediately. Shareholders haven't heard a word from Li since he took over in March of 2020. As I've said before, management has a fiduciary responsibility to shareholders. Under Li, the company has failed to file any financials; beyond the 10K that was likely in the works before Li took the helm.
Li may have good intentions, however he has proven to be a lackluster leader of a publicly traded company. In fact, he is a complete failure for shareholders. We won't know until they pull the curtain on the past 14 months worth of activities.
KWBT remains a mystery. Very little volume lately. CDEL & CSTI controlling the price the last few months. Heading toward the 50day is about the only positive sign I see. Would love to see them announce some huge sales orders!
Apparently, pretty thin going down too! Yikes?! Wade Lei crawled out from under his desk & saw his shadow... six more weeks of no financials.
KWBT shareholders are getting punished for another Monday with no financials. Now under 10 days left of April.
Agree with Sharky, Level II is thin. Problem is there are no buyers atm. KWBT needs volume! Insiders will have a head start if financials are coming.
KWBT probably needs to resolve any remaining toxic notes before filing past quarterlies (Or current). Previously, note holders were dumping into any momentum.
Curious to see if they will resolve debt with A/S or if the new Global partner's role is to resolve debt. Either way, I still believe shareholders will get a massive O/S increase.
Will KWBT emerge like a shiny new penny or lipstick on a pig???
Thank you for the quick reply Red! KWBT has remained on a steady decline the past week & a half. Watching close for signs of life with just 12 more days of April trading. Annual report should be this week based upon previous years, but wouldn't bet the farm. IMO, KWBT will turn the corner with filings. Everything after is fuel.
MU Redskin1, would you share the other tickers that went through a similar process. Would like to see the chart patterns.
Looks like some room to run if KWBT can get some buyers. Hoping ALPS keeps their shares in their pocket.
Longs are hanging onto .02's by a thread! Level II appeared to have some significant retail on the Ask this afternoon. Was hoping for a good week, but KWBT is not acting like a stock about to rectify financials or "surprise" shareholders with some amazing guidance info.
Does anyone think we'll see the 2020 10-K on time???
Likely to start seeing KWBT make some significant moves in the coming days & weeks. Price is just churning at these levels. 2020 numbers probably won't matter much, but getting the STOP sign removed would do wonders. Guidance (Sales) will have a greater impact on s/p. Curious to see how the Global partnership is going to affect SS.
A second block sell of 12.25mil -- WTF?
Shows as a sell & the price goes up?! Was 12.25mil CRAZY! Just glad to be holding some long shares.
13mil block shuffled through. Seems to be some rampant manipulation here.
CDEL & CSTI blocking the bids to prop it up. KWBT is likely to drop further until news (Or news leaks to insiders).
Just another cross trade. Burying sold shares until after hours to to avoid an all out free fall. Breaks .01 and .00's are on deck. Aside from losses, the recent dilution just cost shareholders another.043 of every dollar in KWBT.
What could be the reasoning behind the recent dilution & price drop?
*Global Holdings deal fell through and insiders & toxic note holders are cashing in before the crash.
*Deal is still on and KWBT is dropping the price to help insiders load.
*SEC hit them with a delisting notice & shares getting dumped.
*Simply tanked 88% from last months high due to coincidence of dilution and fearful shareholders.
*Hype of the past run is finished. Reddit crew left the building.
Any other guesses? It's Growing season in China & Fleecing season at KWBT!
O/S increase to 601Mil... crickets
Email replies posted from "Gabby" or "Yvonne" haven't amounted to squat and are likely bogus pump attempts. Take any "insider" news with a grain of salt as none of it has come to fruition. KWBT would find themselves in a world of hurt providing insider info. Any substance needs to come first from KWBT filings followed by shareholder updates or PRs.