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Wednesday, April 03, 2024 12:54:22 AM
We "paid" $30M (C preferred stocks + street value of 50M common shares) for that $17M in revenues, i.e., the textile/furniture company.
We "paid" $60M (D preferred stocks) for CIWM, which holds all the patent technology for Huazhu Lvjian. Founded in June 2010, Huazhu Lvjian is a high-tech company established by the technical R&D team of the Solid Waste Comprehensive Utilization Professional Committee of the Chinese Ceramic Society.
CTWM will be the management company that manages all the joint-ventures. It has $0 in revenues because as of January 1, 2024, they hadn't started a project. The joint venture with Gotion reportedly started after Chinese New Year.
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