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There has been significant dilution this year.
And years past the co proposed a crypto sideline. But not aligned in any way to core biz so discontinued.
Best to stick with their knitting.
Clark is not leading the co anymore.
Revs are reportedly related to Covert, not the bevs.
So... standing by all previous critiques, the opportunity appears possible.
At 4.5 bil os, if the 'new?' team brings in a synergistic co, and if last Q revs attach to the Kg Inc, not LLC, then it COULD be easy to see a cap value of 10-12 mm.
Thats a 4x from current.
Just sayin...
Lotto on!
covert
IF…
The last Q represented earnings primarily from Covert
The NuVibe name effort follows KG Inc (not LLC)
The newly posted mgt on Kona web site is the NEW mgt (not the departing mgt)
Highdrate is being renewed by KG Inc (new active link on website)
New reverse co aligns with Higdrate / Covert
Debt is actually reduced
New insiders / principals $$ are on board
THEN…
This represents a great opportunity.
But this is NOT clear from releases, as it is not clear what product lines attends LLC and INC, and which mgt leaves or stays.
It is also not clear given the last round of dilution and the daily rounds of hundreds of millions offered at .0004/5…which suggests a company valued under 2mm.
There should be something the NEW (if) mgt can share to clarify what was sold, and what remains.
that is ONE way to read it, and if so real potential from here.
But not clear and given past really do need them to communicate directly and clearly.
And need to see the shares stop pouring out ...
The website update is interesting.
It includes links to Covert, as well as new link to Highdrate with a 'coming soon' tease home page.
It also includes new mgt listed.
I hope the co clarifies what was sold in KG LLC ... Just the Kona Hemp line?
What co owns the NuVibe name. Does it follow the LLC or Inc?
Is this new mgt THE new mgt, or is this team leaving when reversal is complete?
The wording in past release is not clear.
If this is new team, and covert/highdrate + new co is future then way undervalued.
It can if Covert is rev driver.
the exposure is to the mgt managing this process who selected Bemax as the BEST option to sell the LLC to.
Exposure - same mgt applying same judgement to the reverse target.
That doesnt need diligence. Just facts evident to all.
you are correct imho
The sale hopefully also bundled some debt, but that is hope.
If the LLC was generating no revs and potential limited then the $ likely comes from Covert.
I have communicated with Brandon White, who is listed as President and i had a positive sense of commitnent, ethics and desire to move forward. The last time was early summer.
So perhaps some debt holders and insiders , not from RC, have pushed this to create value then maybe positive,
With 4 bil in OS, if a co has revs, serious mgt, and potential it might find spec value of 12mm or .003.
As a first step would be welcome.
Does applause for mgt include the new dilution of OS to 4.3 billion in last report from March 2.6 billion?
? Already disclosed i am long... but have obvious questions... this is a lotto ticket right now..
There has been huge support at this level... lot of selling, but someone(s) is also buying
not looking good... lol
but some major activity
close at .0007-8
they were pink 4-5 weeks ago, the 'warning' has just been due to delay... not somethimg new
well then i want to sell you a 'new' stock with no idea what it is, managed by a team that has a terrible track record... and the only criteria is "its new!"
well you are excited about a blank company.
And you are trusting current mgt ( not sure who) but not taking into account the company's recent history.
The value of kona LLC sold for 200k of restricted shares to a bizarre co should be a concern to all investors.
This goes to last Q report. Did Kona LLC contribute to the revs and profit?. If the LLC is making money - why the low price?
Simply need transparency.
Did Covert generate the revs? What %?.
Important since this goes to value transferring to new reverse co.
Mgt? who negotiated deal. And all leave co? Even the Covert team?
It would be easy for KG to be more transparent, and if rational reasons and deals all to shareholdera benefit would actually help support value.
So yes, could all be great, but also not. Ill be happy if so.
But this team has not delivered anything in '24 except dilutuion and deals falling apart, mistatements, and missed targets.
We shall see! But scepticism IS warranted.
Actually that is not bad or the issue.
The issue is what entity delivered the revs.
If any part is from the sold Kona Bev LLC then the low sale price of $200 k of shares in a bizarre co is even more questionable.
Is the low figure to previous forecast including a result of the Surge deal not happening? Surge from Gold Leaf owned by LBEV with primary holder R Clark.
If the revs from Covert , will this follow to new co?
They need to provide clarity or now way to assess.
one issue is the statement in earlier release about all current mgt leaving.
Any new mgt will need to speak to issues prior to reverse such as Kona LLC sale amount among others.
interesting
open questions
- what % of reported revs are from Kona llc ( just sold for 200k)? Of course if a meaningful % then how to justify low sale price?
-Is NuVibe to be the name of new co from KG inc? So the reverse co is in same biz and does not have its own name ( or opts to lose it?)
not this float... has been additional substantial dilution this year... post march
lol
.10 = 400,000,000 cap !
no way!
.01 = 40 mil.
not w/o substantial revs and income.
more likely
.003 = 12 mm ish if the reverse co has potential
? shareholders!!
Follow the transaction of Gold Leaf to Surge to Kg Inc to oops no Surge transaction ( with note review to Loud Beverage)
note is that Gold Leaf was the lead rev generator for KG inc in 2023.... and nothing for shareholders
Look at Kona bev LLC sale to Bemax for 200k? Brand, assets, inventory? All the bev side of co and reinventing as Nuvibe at Bemax? Likely will see RC and some current mgt go there as well.
Who is representing the interests os shareholders to obtain max value?
FYI i called the co to ask who is managing the process, who are the active mgrs for Kg Inc and Kg llc... and will the mgrs who negotiated this sale have an interest in the LLC.
The opportunity for self dealing is obvious.
No response
that is one possibility.
Clearly per filing today RC still has a hand. And clearly the 'sale' of Kona LLC for 200k to a bizarre co, is not an example of fiduciary duty.
He also manages a consulting co that houses offices of... you guessed it... Kona inc, Kona LLC, Covert and Surge.
The curious part is the CEO/CFO of Kg inc, from Covert are new since march.
So perhaps they become active new mgrs.
But they also released all mgt leaving to (?), does that mean new mgt from covert as well?
Who is managing this reverse merger in whose behalf? Unknown.
1 billion dilution in one year.
Byzantine share and debt awards
Note - Gold Leaf 'discontinued' in fall 2023 even though it was the lead rev generator for KG inc.
Then same co pops up as Surge in Jan 2024.
Shareholders got nothing.
Now KG llc has been 'sold' for 200k.
Note -this is less then the just reported inventory value not to speak of brand value etc.
Shareholders get virtually nothing.
One positive clarification - It appears KG inc still owns Covert.
it does feel like a new pump team is assembling.
No discussion of any facts surrounding and leading up to the reverse merge, the seeming theft (of value) 'selling' kona gold bevs for only 200 k, or that the same mgt that destroyed value while diluting and was unable to produce any viable business, is the same team that manages this transition.
No discussion of Covert... the supposed remaining asset.
So the only 'value' is a blind potential of another co and team. And given current mgt states they all jump ship not a terrific endorsement.
This new co may not be a rev generating co, or fast growing etc. given they 'sold' kg llc to a suspect unrelated diaper co.
Even if just for trades the recent posts about how far it can run do not reflect the huge dilution that has happened since the last moves. The big runs in past were based on a real product in a period of hemp craze. Mgt was clear. Now no one knows who manages this and no product.
i did buy at various under .001, but as lotto ticket...
If this moves to .0015+ before news it MIGHT suggest a real company coming.
As it stands trading between .0007 to .0015 may simply reflect day traders.
cover that?
Not sure what you mean. Simple point is focus on a % of total OS - not gross number.
% of volume to OS in period 2019-22 was higher, both in the celebrated run up and decline.
But certainly a strong day.
As posted, imho, it will need to really breakout (over 200 day) to be meaningful. Lots of shares traded in trips... so %'s work for short term traders, which is fine, but not sign of bonafide co interest.
is that adjusted for the massive 10x + dilution over last 4-5 years?
need to see this solidly break out to .0015+ to be more than a trading vehicle for the large volumes traded in trips.
that chart does not factor the dilution. During run up float was in mil's, not bils.
But even say less 10 times, then .014.
That price would suggest a cap of $57 mil.
Would take a hefty rev generating high growth type co.
At .005 maybe a cap around 16-20 mm. Even that is a big leap and requires transparent co w revs and real common sense potential.
Even If makes .0025 and sustains... that would be an accomplishment.
But history suggests could be opaque and just has pumping traders interests.
Need bonafides and credibilty ...
note - OS is 4.1 bil
float is listed as 2.5 bil, but very likely inaccurate.
or just a opaque bundle of promises and squid ink that cant e verified.
Watch mgt. Do current team follow the LLC?
Is Covert a KG inc asset? ( if norlt what is the story for 2 'aquisitions' both disapearing w financials hidden by the 'reverse'...
Right now we have 2 pop up pumpers trying to gin up enthusiasm... but most here have seen this movie.
A move to a 6mm cap would mean an est .0018-.0022 range. For it to get to 'pennies' it would require a real company as that would suggest 6-7 mm cap. Doable but needs some substance.
I remember the early Clark / Hemp drink era. A great product , that went no where.
i would be as happy as anyone if they do something transparent and substantial... i have a reasonably large stake, out of the money now.
But any serious self review is it has NO basis to be anything other than a lotto ticket.
yes i bought, aligned with my reasons and caveats.
I stand by all the critique and outstanding issues outlined several times.
Catalyst? One - the reverse merger. But this could be a shakey structure as they have done w other corporate actions this year (see Surge). Or could be good. But why, if good, do they all jump ship?
There is no guarantee that the merger co will have significant value.
There is no way to value KG inc now. How much debt will remain ( despite claims), and if they own Covert as they have reported in past.
They speak of mgt departures, but that in effect suggests they say of themselves they have no ability or interest in being involved w new co. Sort of a 'we'll take Kona llc and see ya!'.
Will there be a pump for a % ? Likely. But will it be something sustainable, real value, or just a traders play is unknown.
what is the sound of one paid pumper pumping?
I agree that there has been massive accumulation at current levels.
But any movement beyond a pump pop will be based on the reverse company having actual revs, growth prospect and actual transparent new mgt.
A tall order for a mgt team that has destroyed shareholder and company value for years.
A central value key is if Covert is an actual asset. On OTC the KG company officers are listed as Jared Fisher and Elliot Eichler are listed as CEO / CFO. They were appointed in March as part of reported aquisition/merger and were also awarded shares in May.
Jermaine Strong resigned as ceo. However in a recent release Strong was identified as President.
Investors never heard from Jared or Elliot.
It is crucial as Covert was publically represented as a key source of revenue for KG Inc. In Q2 Covert " contributed significantly ..." to the tune of $376,000+.
But the co also REPORTED Surge revs of $210,000. Later the KG Inc stated it never completed the Surge aquisition and never restated is financials or addressed this impact to shareholders.
And this is on heels of 2023 Gold Leaf, the primary reported income driver of KGInc was simply closed. Yet months later Surge pops up with same product portfolio, same warehouse etc owned by Loud Beverage whose primary shareholder is/was Robert Clark. He then 'sells' this to KG Inc, and as deal collapsed ... Surge is ownes by ?
So is Covert following the same path of 'disappearing'?
Why does this matter?
This is same team that plans the current deal. Note - they will not respond to a question 'who is current mgt' and does KG Inc own Covert.
Has the team moved the KG bev assets to Bemax for 200k, in effect stealing from shareholders? Is Covert just ... gone ...like Surge?
These are seriois issues if not explainsd and opens the co to legal /SEC issues.
you did review the massive volumes trades since the release? 100's of mils, a lot at this level.
which co?
The llc bevs got bought out for 200k.
The KG inc assets , which is the kgkg stock , is a?.
If they still actually own Covert, and despite reporting revs in Q and the aquisition in spring '24 not a certainty, they have an asset generating 6mm + ( again per past reports).
Investors also do not know if along w 200K sale, they offloaded any debt.
So lots uncertain... until they report.
winner after a year long slide from .003+ to .0004?
While if reverse target is a real company with revs, and in fact KG inc retains Covert it certainly could make a big move. But uncertain and still blind led by team that brought KG to its knees.