Replies to post #4032 on Kiwa Bio-Tech Products Group Corp (fka KWBT)

[kmx_swing]

because they create debt.
They cannot buy company because they do not own the majority.
Shareholders would not agree the sale here, because they would get a chit at maximum. But We Li does not care. For him is this situation satisfactory. For Wen Li, not for you, shareholders

They do not invest into this company even a penny. It is clearly written in their fillings. They only put in working capital. That means they only pay the salaries. And create the debt of KIWA. Huge debt now already. By this debt he gets you shareholders out of the game.

If they go bankrupt, first money goes to government, then employees, then creditors and only then shareholders.

Their suppliers went bankrupt, because they did not pay them. Now they create debt - but only for salaries which weng li would have to pay in his other companies, if he wants to keep these people. He pays salaries only partialy, anyway. In majority I believe he creates the salary payable debt by having high salary which he does not pay to himself of course. But in KIWA he aslo does not pay taxes. Or not all of them

Taxes payable 272,326
Penalty payable 1,930,128
Interest payable 886,226
Salary payable 1,019,074

Basicaly he saves this money in KIWA, as well as other debts, because he is never willing to pay them. No revenues here, remember? I believe he sells fertilizers in his private company.

For him is OK to keep this company running. When he wants to buy it, he will take it for free because of debt. If it goes bankrupt, no problem for him. He will consume cash and only assets left will be 40K.
That is only reason why he keep the company in game. Those 40K of assets. Because those would have to be sold (for possibly something like 8K and these money would go to government).
People he likes he can employ in his other companies or buy from banktrupcy for those 8K the assets and go private.

Have you seen in this scheme any place for shareholder to make money?
First he should care to settle also this below. He will never do so ...
Convertible notes payable 1,631,088