Good to reflect on goals reported 6months ago. It is my sense they are working this paln and may have avenues to exceed goals. Mgt comments on shares and its commitments to holders, and that as i review seems shares from restricted is in large part legacy and will wash out.
It has been quiet...but remember all the hard news likely coming with up-list, waters, and fast expansions.
The Company prides itself in being extremely transparent to its
shareholders. As of today Kona Gold has 412,965,449 Common Shares
Issued and Outstanding, which 115,031,197 are Free Trading. A
majority of the Company’s float has come from conversions from past
management. Current management does not own any Free Trading
shares, the management team only holds Restricted Common Shares to
help keep the Company’s share structure as tight as possible.
The Company recently sold their membership interest in Elev8 Hemp LLC to PLAD, Inc. (OTC Pink: PLAD) in exchange for Two Hundred Thousand Dollars ($200,000), to be paid in a combination of stock and cash. The proceeds from the sale of Elev8 will play an integral part in funding further marketing initiatives and assist in locking down product distribution.
The principal objectives Kona Gold, LLC are as follows:
Net Profit
1. To achieve a 4% market penetration in the energy drink market by year three.
2. To achieve $2.4 million in revenue by year three.
3. To raise $500,000 in capital.
