Kiwa Bio-Tech Products Group Corp (fka KWBT)

[maz1978]

I think 8k's will begin to drop soon showing additional note holders have been paid off. The company has not put out anything public to my knowledge in relation to where the debt stands with the exception of the most recent 8k showing EMA and First Fire was paid off.

I am basing my assumption on the math from the starting conversion point of Approx 23 mill to now at 203 mill. The difference of shares when including the discounts applied to the note holders put the OS in this general vicinity for conversions to finally end. There shouldn't be much more to come and I think that's why the market makers aren't being anywhere near as aggressive...all imo however

Now that the company has secured traditional financing for their customers that will free up a tremendous amount of cash moving forward without the long drawn out wait like they have been dealing with. The biggest issues so far with these guys is that their payment terms have caused them to have to wait many months for millions of dollars owed to them, leaving the cash on hand to be spent on other things instead of debt which lead to toxic financing. That should all change for 2020

LINKS:





https://www.otcmarkets.com/stock/KWBT/news/Kiwa-Bio-Tech-Holds-Annual-Meeting-and-Its-First-Working-Session-of-2020-By-Video-Conference?id=254050


https://www.otcmarkets.com/filing/html?id=13918563&guid=3S0CUF378EdCSth