Kun Peng International Ltd (KPEA)

[Potse]

CXKJ(.20)...accumulated a position......

I accumulated a position in the CXKJ shell over the last week around this 20-cent price area. The 2021 Q2 filing should happen sometime in the next couple of weeks or so. I'm expecting this filing should provide some confirmation/update (positive or negative) on the items that were mentioned in the last 8-K: the change in control and possible reverse merger with Kunpeng (China) Industrial Development Company.

I do have some concerns about the status of the reverse merger, but the potential risk/reward here is just too enticing and I wanted to have a good position built. Depending on what the final structure of this RM would look like, I think the potential for some pretty nice upside exists for this stock. This RM target looks extremely interesting to me.

Kunpeng is involved in e-commerce platforms and has just recently started opening small physical stores/kiosks/pavilions. I probably spent the better part of a day last week just reviewing material about Kunpeng. Over the years I have looked at numerous China/Asia companies that were looking to go public through reverse mergers on the OTC. But I don't think I have ever seen a company that documents its activities and existence as extensively as this company. Numerous meetings and corporate developments are covered by text/photos/video.

http://kp-china.com/

https://www.ixigua.com/home/3447664996528823/?wid_try=1

https://dstoutiao.com/html/dsws/2021/0403/97849.html