Kiwa Bio-Tech Products Group Corp (fka KWBT)

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The other item mentioned in the last PR February 18th and item from the 10Q, announcing that would be massive massive news if they can get it done. Because they have paid 22M in advance to suppliers and then have to wait on customers to pay several months later as they get money. They could sell the company now and have 13M in the clear and the market cap is 4M. If they get those loans approved, first item they should do is pay off all convertible debt, then this would run hard.

Kiwa and the China Post Savings Bank have reached a mutual understanding to support commercial loans for Kiwa’s fertilizer clients. The loans from the Postal Savings Bank to Kiwa’s customers will help the Company in a variety of ways. The company expects sales to increase and also expects to collect payment from sales within a much quicker time frame in 2020.

and the recent 10Q

The Company engages in the business for organically bio-fertilizer and its customers are mainly agricultural cooperative company and distributors who then resell its products to individual farmers. Because the crop growing cycle usually takes approximately 3 to 9 months in the agricultural industry, it will take approximately similar time frame of 3 to 9 months for farmers to harvest crops and to realize profits to repay the Company’s distributors.