Kiwa Bio-Tech Products Group Corp (fka KWBT)

[operating_line]

The restricted share count increased slightly towards the end of the last major dilution. Those shares were presumably for employee incentives and suggest the company values the shares. In addition, the company stated their intention to pay off 2020 notes in cash to minimize dilution on shareholders. In addition, that large dilution after the 10K was released started from a much higher PPS near 0.03. That likely helped reduce the dilution on us shareholders. This is not consistent with your hypothetical dilute to oblivion. The O/S has been at near 515m for quite some time now after the maturity date of the 2020 notes. I cannot say I understand what is going on but your hypothetical could be both positive and negative and not just the latter.