Kiwa Bio-Tech Products Group Corp (fka KWBT)

[Szechuan20]

Re: 1986fish post# 31940 0
Post #
31941
of 39619
For the year ended 12.31.19, the company lost $7,000,000.

Net Loss $7,000,000

Add Back:

Toxic Interest Gone +3,944,000

Loss Sale Of Sub Gone +3,527,254

Net Profit Restated $471,254

Clean Up GP% +1,200,000

Net Profit Easily Could have been $1,671,254

O/S Shares 300,000,000

EPS $0.0056 x 20 = $0.11 FMV

My guess is management knew the year was going to show a loss, so what do they typically do, push all the inventory and negative adjustments into that year.