Namliong SkyCosmos Inc (NLSC)

[CLK]

Kreido Biofuels, Inc. presently has no plans, proposal or arrangements to issue any shares of common stock for any purpose whatsoever, including future acquisitions and/or financings.

This line is cut and pasted from the recent release. Perhaps the key word is "presently", but it seems they would not want to have such an illiquid float after the reverse split so they should want more shares out, and then how would they pay for the acquisitions if not with shares? Would they use debt? The best bet is that the acquisitions will occur, otherwise why bother with the shell. The fact that two of the three directors have large blocks of shares, and one has no shares is a surprise. I wonder how that came about, and what it portends?