Kiwa Bio-Tech Products Group Corp (fka KWBT)

[Cosm03]

They never gave an estimate for revenue (that I remember). They did estimate the tons of fertilizer sold. The goal for 2020 was 200K tons. Q1+Q2 sales were roughly around 40k tons. The goal for Q3 was 80K tons. As of September 30th 2020, the Company had completed three-fifths of that quarterly sales plan... So around 48K tons. 1st 3 quarters of 2020 they did approximately 88K tons. If they match the 48K tons from Q3 in Q4, that would bring them to 136K tons for the year (historically, Q4 is not as good as Q3 but 2020 was a weird year). In 2019 they did 162 tons and in 2018 they did 127k tons. The revenue will be close to 2018 revenue. It should be between $25-$35MM, if they have been truthful with what they have said in emails. Mustang's estimate is WAY off and is most likely just wishful thingking. I estimate $30M.