Kiwa Bio-Tech Products Group Corp (fka KWBT)

[Letitrun]

I had high hopes for this stock; however, after I read their recent PR and 10k I became discouraged and sold my position yesterday. After months of silence from the company I was expecting at least some encouraging news or comments but the only positive thing I read was "We are pleased with the sales opportunities for Kiwa's products at the start of the spring planting season." Perhaps they are saving the good news for Q1 09 results?
I felt without any positive news regarding financing that holding my position had become too risky as they confirmed in their news release that their 400m authorized share limit had been reached. Unless they are negotiating debt financing or I am missing something, I would expect they will have no alternative but to increase their authorized share limit again and possibly dilute shareholder's stock positions further.
All my posts are IMO.
I wish GLTA.