Kiwa Bio-Tech Products Group Corp (fka KWBT)

[wobblenuts]

IMO, Wei Li will not pay the NIR debt personally or with company revenue. That's why it has gone dead and there's a vote to increase the AS every year. This is the note terms. They state he must keep enough AS to cover the debt and convert. If not NIR owns the property. Good luck collecting that, so now it will raise AS and convert to NIR. It's the only solution to get $ back from Kiwa. The other routes are too costly with no guarantee.
Wei Li wants to keep the company and get the NIR crap behind him so he can work on recovering the "millions" he's supposedly fronted the company to keep the lights on. Read the filings.

Don't get me wrong, I've been a cheerleader here for 4 years hoping. The recent selling over the summer was probably enough to turn the vote this month. I'm sure Mr. Li originally had good intentions, but NIR got involved somehow and milked them dry like many others.