Kiwa Bio-Tech Products Group Corp (fka KWBT)

[operating_line]

Can you elaborate on the scenario you picture with O/S being maxed out?

Note holders have just 9 trading days before negotiations are expected to end. If note holders max out shares next week through dilution, they could finally turn to KWBT management and demand more shares to be made available. KWBT management can retort with the cash offer to close the notes. I am not familiar with the T&Cs of the notes but there could be an option with predefined accrued interest to pay the remainder in cash when shares are maxed out. It seems fair business practice that maxing out the shares should trigger the option for company to pay the balance in cash rather than force more dilution.

Could the note holders be more interested in gaining a large interest in the company knowing it has strong revenue growth, in which case they expect the stock to rally also?

Just last Monday we hit 0.0245 and fell significantly. I sold some of another position on Friday at a small loss and bought more KWBT today considering the PPS and fundamental outlook. Next week looks possible for a retest of that 0.02-0.03 level.