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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  ABV Consulting, Inc.    ABVN

ABV CONSULTING, INC.

(ABVN)
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ABV CONSULTING, INC. : Other Events (form 8-K)

01/13/2021 | 03:57pm EST

Item 8.01 Other Events.

On January 13, 2021, the Company entered into an agreement whereby independent of the Company's wholly-owned subsidiary, ABV Consulting Limited will agree to market and sell the Company's core product, a health-oriented specialty rice.

In consideration for agreeing to market and sell the Company's product, the Company will agree to issue up to 5,000,000 shares of common stock. The independent contractors will receive stock at a rate of fifty percent (50%) of the sales price of the rice. The shares will be issued at the greater of $1.50 per shares, or the then current price of the common stock as traded on the OTCMarkets.

The shares will be issued pursuant to Section 4(2(a) of the Securities Act of 1933, and Regulation S promulgated thereunder.

In addition, the Company will be entering into an agreement with Xinjiang Hefeng Zhitong Biotechnology Co., Ltd., to assist in the distribution of rice and the supervision of the independent contractors.





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Financials (USD)
Sales 2019 - - -
Net income 2019 -0,06 M - -
Net cash 2019 0,00 M - -
P/E ratio 2019 -47,9x
Yield 2019 -
Capitalization 2,28 M 2,28 M -
EV / Sales 2018 53,8x
EV / Sales 2019 -
Nbr of Employees -
Free-Float 14,2%
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Income Statement Evolution
Managers and Directors
NameTitle
Jian Wei Yu CEO, COO, CFO, Secretary & Director
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