Replies to post #17774 on Kiwa Bio-Tech Products Group Corp (fka KWBT)

[Stockz12345]

Side note it was the stocks outstanding common shares that were reduced from 400 mill to approx 2 mill at the time in 2016,
https://www.newmediawire.com/news/kiwa-bio-tech-products-group-corporation-announces-effectiveness-of-reverse-stock-split-3098018

[AbleBody77]

So 300 million r/s will be 300 outstanding?? Oh yeah that makes sense.

[maz1978]

I don't believe we will see an AS increase. I also don't think they will break 200 mill OS. Did you catch the most recent update the company put out last week. It was emailed to share holders that the company had on file. They mentioned they were waiting on accounts receivables in order to wipe out remaining debt. With the amount of Chinese workers out right now due to this whole virus thing...i can only imagine that has also been playing a factor in delaying being able to collect money. They also mentioned, moving forward any future proceeds needed would come from traditional bank loans or from accounts receivables. They now have over 2 mill cash on hand and with over 30 mill in assets that should allow for them easily to qualify for any traditional bank loans they may need in the future.

As long as the AS remains untouched even if they were to use up the full 300 mill we would still be golden(long term)...again however i don't believe we will break 200 mill

I have a good chunk of cash invested here and am preparing to put more in...i will either go down with the ship or to the moon on the rocket...one way or another my ticket has been paid for lol

Best of luck to you!