$KNSC
MAJOR resort real estate LOI details are finalizing. $KNSC, which will undergo a name change to knscgroup. The company recently redomicled and incorporated in Wyoming for dividend issuance as well as fee structure, digital filing, no double corporate taxes & franchise related costs. $KNSC will acquire 100% of the target Orlando based real estate company. The merger will include a share exchange agreement between the two parties which will reduce the overall float considerably while a retirement of Adel nassar (hibachi grill) shares of 3.2B will reduce it even further.
Much more reasonable SS in the foreseeable future.
The profitable hibachi noodle grill restaurant franchise in Miami FL will be spun off as a dividend to shareholders, hence the move from New Jersey to Wyoming. The grill is expanding, working on opening its 3rd location while a fourth is slated to open early 2018. Management is working quickly and efficiently to increase revenues. Reviews and the food are Stellar. Revenues will be in the multiple millions within the next few years. 3.5M in revenue projected after 3rd location is up and running actually per July PR. Clean S1 registration & IPO to be revealed in the coming weeks/months.
The multiple transactions and corporate actions will solidify multiple revenue streams in a growing industry.
A shareholder win win
$KNSC interim
CEO Erwin Vahlsing Jr expertise includes corporate turn arounds
Restructuring
Financing
Sec filer, audits
Erwin will build a strong foundation
Highlights:
Acquiring multiple resort properties in Orlando FL currently valued at 20M
Merger details being finalized
Popular Resort properties outside Disney generated 5.6M in revenue in 2017
Huge Share retirement
Share exchange AGREEMENT with real estate resort company
Hibachi grill restaurant franchise in Miami FL Spin-Off upon completion
