$KNSC The resort real estate LOI details are fina
Post# of 94143
The resort real estate LOI details are finalizing. $KNSC, which will undergo a name change to knsc group & already redomicled to the Wyoming, will acquire 100% of the target Orlando based company. The merger will include a share exchange agreement between the two parties which will reduce the overall float considerably while a retirement of Adel nassar (hibachi grill) shares of 3.2B will reduce it even further.
Much more reasonable SS in the foreseeable future.
The profitable hibachi noodle grill restaurant franchise will be spun off as a dividend to shareholders. The grill is expanding quickly and efficiently. Revenues will be in the multiple millions within the next few years. Clean S1 company to be revealed in the coming weeks.
The multiple transactions and corporate actions will solidify multiple revenue streams in a growing industry.
$KNSC interim
CEO Erwin Vahlsing Jr expertise includes corporate turn arounds
Restructuring
Financing
Sec filer, audits
Erwin will build a strong foundation
Highlights:
Acquiring multiple 20M resort properties in Orlando Fl.
Merger details being finalized
Popular Resort properties outside Disney generated 5.6M in revenue in 2017
Huge Share retirement
Share exchange AGREEMENT with real estate resort company
Hibachi grill restaurant franchise in Miami FL Spin-Off upon completion