There are so many companies like that one in China, which are badly in need of bio fertilizers. And they are well supported by the Chinese government! My forecast for this year is + 25 million $ in revenues. And till 2020, their revenues will raise tremendously! Sounds strange from today's point, but in my opinion, their revenues will be + 100 million $ in 2020!
4.5 Million dollar in cash at a conversion price of $3.50! Higher than the current share price.
On May 9, 2017, Kiwa Bio-Tech Products Group Corporation (“Kiwa” or the “Company”) entered into a Convertible Loan Agreement with Junwei Zheng wherein the lender agreed to advance of approximately US$ 4.5 million (RMB 30,000,000) under a Convertible Promissory Note with a term of 24 months bearing interest at a rate of Fifteen Percent (15%) per annum. The Loan is convertible into Common Stock at any time at the option of the Lender at a conversion price of $3.50 per share.
The proceeds will be used for the further development of Kiwa products and distribution, as well as for general working capital.
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