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why on earth would you think that
1- they would hire RC
and
2- Use the ingredient you refer to
?
I hope this is not the reason why the drinks are not on the store shelves yet. We know RC doesn't care for product quality, I am concerned if the new company, Nuvibe hired RC to develop something for the company and put brominated vegetable oil in our drinks. On some level, I think Nuvibe hired RC with payment in shares to perform some service for the company? See the article below:
https://www.usatoday.com/story/news/health/2024/07/03/fda-bvo-ban-brominated-vegetable-oil/74290512007/
HEALTH
Which sodas contain BVO? What to know as FDA bans brominated vegetable oil
The U.S. Food and Drug Administration announced Wednesday it is revoking the regulation authorizing the use of brominated vegetable oil in food, effective Aug. 2.
The ingredient was previously authorized by the agency for use in small amounts to "keep the citrus flavor from separating and floating to the top of some beverages," according to the agency, but the FDA determined in 1970 the ingredient was no longer "Generally Recognized As Safe" - an official designation of the FDA - and began overseeing its use under its food additive regulations.
IMO
yes, was assumed long ago,
I waa referring to pace of releases up till May and then silence.
I shared here that i heard back via email and their confidence all moving forward...
i think the support is coming from new $, maybe new mgt and related.
But all speculation ...
Per your statement, "I think they are now at the moment where only real results ( products, $, websites, mgt, plans) will matter." That moment was a long time ago!
So, they have missed another busy drink season and associated Holidays.
I do not think marketing or due diligence are in their repertoire.
They are very good at adding shares and dilution, though.
unfortunately they only claimed to be eagerly awaiting its first run of ONE product in May.
Clearly that did not happen.
They announced the name / ticker change before doing full diligence on the availability, and so assume having to rethink or adjust.
I imagine this will mean an adjustment of the forecast revs as well.
I think they are now at the moment where only real results ( products, $, websites, mgt, plans) will matter.
It is hard to know what the company primary mission is at this point. Bevs? If so what kind? Local Distribution? That won't excite or make anyone rich. Covert THC? Who knows anything really about that 'aquisition' except they are new (who are they?) mgrs and presumably stakeholders.
LOTS to clean up/ catch up.
But at .0011 the companys tax loss value is probably worth more.
So even if they can just hit a solid single, without amateur copy or error, with an actual product (s) actually out there being pushed the value could triple.
But to be clear this is not 'investment', it is speculation.
what will help is product in the store for sale, any store. they say the product was packaged a month ago, distribution should have happened then. off the line and into the truck, that's how it's supposed to work, unless no one wants it on the shelf, just saying
Maybe look at a ticker change will help the company figure out who and where shares are and shorts may have to cover.
Everyday there is hope. Life is not guaranteed. I can say RC ran a scam company. A nine year kid can sell more lemon ade on a neighborhood sidewalk than RC. I drink tons of lemon and limeade juice. Lemonade should have been a winner for KGKG. RC should be jailed.
Hope is not a strategy.
I agree, I just like other existing shareholders probably bought additional shares. Over the last two months, I added 2 million additional shares to my name. I don't have a large amount of shares but if it can go to at least #.02 a share, I will be fortunate. If they can get the new products on the shelves, this will do fine. I just hope they #1. Don't let RC near KGKG to do any special work, #2. Use organic natural ingredients, no chemicals like Suraclose, BHA, BHT, high fructose,artificial coloring, msg,excessive sugar. Etc.
perhaps a %, but retail was not the primary support behind the volumes we saw.
And was not just dilution.
My sense is support from new team and related, and a net positive, in that wont likely be dumped in short term.
imho
Could be cheap warrants being exercised, awards to insiders for coming on-board, or just slowly fed into the retail stream. If it was warrants, or employee incentives, they may show up in the next disclosure. If not then retail suckers probably bought them.
an interesting consideration is who bought up the hundreds of millions of shares this last 3 months or so?
NuVibe is the supposed new company name. VIBE is the supposed new ticker. KGKG is the existing and as yet unchanged ticker. The name is still not officially changed with the state and OTC as far as anyone knows. Yahoo made the name change on their site some time ago and it was reported on here. Making it look like something is happening doesn't equate to something actually happening.
What Is the Ticker of a Stock?
A ticker of a stock is its ticker symbol, which is a unique grouping of letters that identifies a specific company. For example, Apple has a ticker symbol of "AAPL," Exxon has a ticker symbol of "XOM," and Coca-Cola has a ticker symbol of "KO."
What Is a Ticker Symbol?
A ticker symbol is a stock symbol; an abbreviation of a company's name that uniquely identifies its publicly traded shares on stock exchanges. Ticker symbols also exist for other securities, such as exchange-traded funds (ETFs). Some popular ticker symbols are GOOGL for Google, AMZN for Amazon, MSFT for Microsoft, AAPL for Apple, KO for Coca-Cola, DIS for Disney, and SBUX for Starbucks.
NuVibe,Inc...
It shows this on yahoo
NuVibe,Inc...
It shows this on yahoo
The new ticker is supposedly VIBE - not VIBEF if that is what you are looking at
You can send a link to the web site or upload a pic
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double click on the pic and then click "Upload"
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It still shows it...how can I send a pic here,of it?
Where? Still shows KGKG and no results on search for VIBE
https://finance.yahoo.com/quote/KGKG/
Nice looking KGKG chart here Tommy, any thoughts on when the ticker change could occur?
Thanks will be watching this one closely. Whats any PT levels you looking at here?
https://www.otcmarkets.com/stock/KGKG/news/Kona-Gold-Beverages-Inc-Announces-Name-Change-to-NuVibe-Inc-and-Initiation-of-Ticker-Symbol-Application-Process?id=438092
Chart tells me it’s a strong buy here..
$KGKG
$KGKG With it’s move above the 50 day MA The 200 day MA is well within striking distance..a close above this could trigger even stronger buying pressure.. pic.twitter.com/dR8qlXWj9b
— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) June 29, 2024
Curious consideration -
They reported 3+ mm revs last qtr. That was w/o Kona hemp or cbd bevs contributing.
The forecast was for 12mm eoy. This likely assumed contributions from now delayed thc bev launch.
Lets say 10 mm revised. Note- they should update.
Lets assume OS at 3.5 bil
One conservative value metric is 1-1 to revs.
That could suggest .0028 value as a baseline for growth forward.
If they can show dilution under control, and get Kona Hemp/cbd and Thc bevs out, plus bring light to Covert plans and forecast (no pun intended) then a path to 25/35 mm cap is not unreasonable... which is .01 on the high side.
Be nice if new team can turn this around!
POP!!! Going to keep going up... Enjoy!!
Struc
As an investor , yes, would agree mismanagement.
The drinks are not yet on any shelf, websites are not updated or renewed, no notice on Surge indicating it is now a KG co, dilution, new name appears to be bogged down, and no update to clarify.
That all said... i hold all shares, averaged down into the .0007's.
Emailed co and felt that they are indeed working on all. Shared my disappointment etc.
As posted multiple times, the risk reward at this level can be substantial.
I feel a chance they will work through this and speculators might be rewarded.
So, what I am reading from all these comments, is that there is continued mismanagement on all fronts.
my error - thought i read Vibed seeking VIBE.
Site - I didnt go further than to follow PR nuvibe link destination. So someone has secured, at least temporarily.
But seems clear they have run into issues w name or other to delay progress.
VIBE does not appear in an OTC ticker search so it appears to be available.
If you try to purchase nuvibe.co on GoDaddy, it says the domain is taken.
My guess is they aren't doing much of anything as evidenced by the fact that they don't seem to be doing anything.
Quarterly Report
https://www.otcmarkets.com/otcapi/company/financial-report/404212/content
pg. 16
likely that ticker is taken.
KG was premature in its announcement claim. An amateur unforced error.
And if you search vibe.com you get a social site.
Follow the Nuvibe link on release takes you to an unclaimed website on godaddy.
---
transparency also goes to updating issues and reasons for missed claims.
No updates on product of name or any prior.
My guess is they are working to clean all up... but never seem to learn actual results or solid claims are only thing that matters.
They need to stop with the claims of being an industry innovator, and 'taking industry by storm', corporate culture, 'having carved a niche', sales claims, and producer of bevS until actual sales, consumer validation and track record in industry.
They are different companies in different places with different tickers and different management teams.
VIBED/VIBEF is Vibe Growth Corporation, a California based Canadian company headquartered in Vancouver BC
https://www.otcmarkets.com/stock/VIBED/profile
https://www.vibebycalifornia.com/
https://www.linkedin.com/company/vibebycalifornia
KGKG is Kona Gold Beverage Inc/NuVibe Inc. with a new ticker of VIBE if they ever get around to changing it.
https://www.otcmarkets.com/stock/KGKG/profile
https://konagoldbeverage.com/
https://www.prnewswire.com/news-releases/kona-gold-beverages-inc-achieves-april-revenues-exceeding-586-000--302139845.html
Not sure how Kg is working new name etc, but Vibed is not KG
Thanks for the info on the effective date.
Daily list for FINRA effective 7/1 VIBEF
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Like a balloon?
Getting ready to pop!!
Go KGKG
Struc
i am fine if they put out several products as long as properly marketed.
Hemp , cbd can fall into health , but Thc is neither energy or health.
Energy is often caffeine based , but can also utilize milder natural ingredients.
Or can do pure health vita bevs.
All have markets and devoted consumers... but important the co knows how to segment and drive specific sectors.
But first step would be getting ONE product out.
i do hope they use fun language , creative , sales oriented... and stop overstating the company's accomplishments and place in industry with their boiler plate overblown copy.
Time for humility, getting products to market, let consumers and results speak for themselves.
I am an investor and would buy their products if they can just put them on the market. However, THC and chemicals in their beverages is a turn-off. They say their products are good for you. But I find that is not true if they include chemicals in the beverages. RC, as a CEO,, was very stupid to include chemicals in the beverages. IMO
yes
but a month or so + Jermaine Strong was CEO.
Never 'introduced' to new mgt, or exit of JS. Goes to transparency.
i am cautiously encouraged w new mgt, but all blind. New team has never communicated w investors.
What is THEIR plan and what is their view on shares, investors and value.
OTC Markets has Mr Jared Fisher as CEO and Brandon White as President Eichier as COO. Are these new people from Covert? See the OTC Markets information below.
COMPANY OFFICERS & CONTACTS
Jared Fisher
CEO
Brandon White
President
Elliot Eichler
COO
BOARD OF DIRECTORS
Brandon White
Audit Committee Member, Compensation Committee Member, Nominating Committee Member
OTHER COMPANY INSIDERS
Steven Bauer
Robert Clark
Roger Eagan
Terry Landers
Judith Wilt
Further add-
all aquisitions should include transparent diligence on impact to investors.
Cost/debt / anticipated returns / mgt /any side deals.
Covert seems a potential positive but no way to assess. Surge riddled w internal transparency issues.
Need to not release empty 'news' on Partnerships that disappear or not followed up. That was MO for past (RC) mgt making releases on distro deals everywhere but never materialize or followed up.
Mission - what is the co now? Thc ? a specialty bev co ? A distro co?
Assume they might say all, but have to have priorities, translate to investors.
Better to show real bottom line success in one than chase multiple rabbits.
And IF ... then be nice to outline mgt and goals $ for each.
If addressing investors need to anticipate serious scrutiny.
yes - frustrating
more forward looking claims and puffery.
Progress 1st half
-share value - .0028 to .0009
- 'aquisition' of Surge which was the landing spot of Gold Leaf , so KG bought from KG... who was paid?
- record rev / aligned w unannounced dilution... so a wash for an investor
- production near..' Goal was early May. No update. And this is just ONE bev. What about Kona Hemp, CBD, waters? Not avialable.
- what about update to strategic relationship w APRU?
- Mgt- the co now has the Covert team listed as CEO/COO on OTC. Jermain Strong was CEO. There have been material mgt changes to leadership. No news.
The co HAS to move past puffery and ignoring past claims. Further if the co wants to claim transparency as goal, then cant cherry pick.
i hold my shares. I gave the new team (?who now) through 2nd qtr to assure myself changes and turnaround post RC was real.
Random social media posts are not news.
Posts on X for June 3 & 14:
X Post
Has anyone seen the June 3rd & 14 posts on X?
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