KonaRed Corp. (KRED)

[gumbie05]

Watching this closely. I just read their latest 10Q and seems like a $3M/year revenue business (up significantly from last year) but unfortunately it's soon approaching 200 Million issued and outstanding! I'm also looking at the Convertible Note (VDF) on their books (seems to some kind of previous purchase and Note taken back). It seems a bit high for a company this size. It also looks like a lot of their Notes to "LPC" were converted back in June at slightly higher prices and repaid. As long as they don't revert to raising funds from the usual Toxic "funds" and stay away from issuing floor less Convertibles then this might be worth looking into more.
- IMHO