Replies to post #3602 on Kiwa Bio-Tech Products Group Corp (fka KWBT)

[swingbigbaby]

Kiwa owns Kangtan so the profits flow to Kiwa ultimately. Why would management, who own so many shares of Kiwa and who has lent Kiwa money, let Kiwa go under? I agree with what you are saying about Ribotsky and NIR but I do not think Kiwa will be allowed to fail when management has so much tied to it in the form of equity and debt.

[Scherzman]

Can you find an information in Internet, who is holding which number of outstanding shares of KIWA? Do you know this?

[Scherzman]

I think you are totally right. In the show Mr. Li told about his expectations of 60 Million RMB turnover with the "KIWA club business" (that' s what you wrote in your translation) However KIWA is reporting zero revenues for first half of 2011. So all revenues from the "club business" (this club is existing already for a longer time) are booked in Kangtan, which is private owned by Mr. Li. So we shareholders of KIWA will not benefit from anything what is happening at the moment. The question is, where the financing, they are talking about in the show, is going to, KIWA or Kangtan??? All just my opinion.