KYN Capital Group Inc (OTCMKTS: KYNC) made an explosive move up on Friday after the Company announced new CEO, Ms. Maria Daniels, is actively working with the note holders and larger shareholders to retire larger debts and shares. She is also diligently working for potential JVs. and acquisitions, which she plans to close before the end of the 1st quarter 2019.
Maria Daniels stated, “We look forward to make some major updates within next few weeks that will increase the shareholder value.”
This is big news for KYNC which has suffered from singiifcant dilution in the past landing it in the sub pennies. KYNC current debt is around $3.3 million.
KYN Capital Group, Inc. (OTC: KYNC) is a holding company of diverse companies with a focus in sustainable agriculture, nutraceuticals, and alternative energy. KYN Capital Group, Inc. also offers technical services geared for protection in corporate computing and security applications for cloud.
In January the Company announced the expansion of Algae World into Bangladesh. This will consist of the construction of an indoor algae growth facility focusing on pharmaceuticals, nutraceuticals, and biodiesel. Sayekhul Islam, Director of Bangladesh Operations, is excited to expand into this region of the world. Furthermore, Mr. Islam has appointed Md. Ajijur Ruhman Mridha as the Managing Director of Algaetech International Ltd., a Bangladesh registered company. Algae World Inc., a subsidiary of KYN Capital Group, Inc. (OTC:KYNC), is a holding company dedicated in developing renewable and sustainable solutions providing the perfect green platform for various industries in the area of food, nutraceuticals, pharmaceuticals, fabrics, auto, biofuels, and health care.
In January the Company appointed Mrs. Maria R. Daniels as the new CEO. Mrs. Daniels brings extensive experience in public relations and marketing sectors. Prior to joining KYN Capital Group Mrs. Daniels founded and operated a business consulting company based in Ohio. Currently she is working on completing her PhD. as a Natural Health Practitioner. Mrs. Daniels commented that the company will provide strategic direction, valued strategic partnerships with new acquisitions, and have a new industry focus towards natural sciences, such as algae, cannabis oil, etc.
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Since new CEO Mrs. Daniels stepped in the Company has been making some big announements; they said in February the company should surpass sales of 10 million dollars by the end of 2019. The company is also undergoing a complete restructuring by engaging a newly qualified management team to run its subsidiaries, Algae World Inc., headquartered in Los Angeles, and ATAX Cloud Accounting, Inc., headquartered in New York.
Maria Daniels, CEO of KYNC, stated, “We are pleased with our subsidiaries and have more acquisitions planned for 2nd quarter of 2019. The company is also working on several CBD infused products including CBD water and Soda.”
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Currently trading at a $3.8 million market valuation KYNC has no cash or revenues and $3.3 million in current liabilities which has and continues to result in a significant dilution problem. New CEO Maria Daniels is working with debt holders and recently announced the company should surpass sales of 10 million dollars by the end of 2019. We will be updating on KYNC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with KYNC.
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Disclosure: we hold no position in KYNC either long or short and we have not been compensated for this article.