Kona Gold Beverage Inc (KGKG)

[justhefax]

as a 'hope' sure! As a rational investment or even speculation nothing to show anyone's home. Only that they did spend the $ to file. But as likely that is for their own, not current holders interests. 

[TucsonPhil]

As obvious as it seems, there are still a few cheerleaders in here, hoping for a Hail Mary.

[G-ManSoFla]

There appears to be no money or no assets. It seems obvious to even the most casual observers that RC set this up as his personal cash cow all along, bilked investors, and has depleted everything to zero value.

[TucsonPhil]

Very good detective work. I am thinking that nobody will be getting any of their money back, because it is probably all gone.

[justhefax]

yes, but may not mean anything for public investors. No comments from co on Q or K. No release of any update since Dec 5.
Today the bid is effectively $0. 
Why would they hide if ANY actual progress? They have never been shy to report forward looking plans and updates before?

[BuccaneerPhoenix311]

At least they are pink current now....

[justhefax]

On OTC Markets web page Kona Golds address as 751 North Drive ste 11   Melbourne FLThis office also houses a separate phone extension to Nuvibe, Fifty One Labs, Distinguished, RCM mgt ( Robert Clark mgt?), and one other... with a direct neighbor in address complex, Branded Legacy.
These are all failed sub penny stocks, all w little to no revenue, intermingled mgt and histories.
The Kona Gold kgkg has a unique phone number but address is same location. All the others share the same phone number with answering ( no one picks up) extensions.877-814-4188
Curiously, likely an error, Branded Legacy shares the same phone number w Kona Gold. 844-714-2224. I called the # on their press release ( a different #) and someone did pick up, think a cell phone, and said they has nothing to do w Kona Gold and the shared posted # was an error.... no correction 3 weeks later.
Doesnt paint a hopeful 'transparent' picture. 

[Dingbatt]

Been loosing
my azz on MULN have a smidgen in this one Maybe??????

[justhefax]

Appreciate the response.
I should have seen this total share destruction coming, c'est la vie. 
I am net way ahead including my score on 'the hemp run'... so a little give back if goes under.
i mentioned i have spoken and exchanged emails with the listed CEO , Brandon White.All good and a real break from past. That said accomplishments for share value and actial boz, still zero since coming in early last year.
It does seem some plan must be afoot in order to go through the effort to stay current.
It is not true of a number of other RC co's that have disappeared

[TucsonPhil]

I do not hold shares and have walked away from owning any of this sham of a company with some losses. I pop in once in a while just to see what pie in the sky, hopes and dreams, rumors are still floating around.

As you may know, when they were selling lemonade in Walmart, I invested a lot of time tracking the stores that carried it. I held a bit too long, even when my tracking showed their inventory in over 260 stores one week and down to under 80 within the following three weeks. I lost some money, but taught my self some database administration and programming skills. I posted my findings in mapped inventories, here for all to see and follow for themselves. I sold during that plunge and saved myself from the likes of your current losses (Please, I know the expression, you only lose if you sell )

Even when the writing was on the wall and they gave the lemonade brand to the bottler for $500k, the faithful holdouts in here kept saying maybe this and maybe that. No good thing has come to fruition in many years, and I believe this is just a share printing machine.

I hope for all of the people holding, that management actually does something worthwhile and you all break even or make some money, but I am doubtful. GLTA

[justhefax]

So i have posted a fair amount of the sketchy history etc, but also that i have a sizable stake now ( avg about .0008 now). 
I do think the filings suggest a positive development, not for some mega move, but perhaps a step towards the merger ( despite no mention in filings) . Any real pulse should move share value substantially... i use cap as my measure. At .0001 the cap is under a mil. At .001 the cap is around 6m and still tiny.
Agree the history suggests watching closely, but selling at this point makes no cents... literally!
Do you continue to hold shares?

[TucsonPhil]

Duh, in order to rook in a new set of gullible "investors". That is how this game is played.

[hbhmb]

What counts is pink current. They wouldn’t spend money unless something is planned. Might want to buy back in

[G-ManSoFla]

What does the business description on this link even mean?

[Viewmont]

Pink Current! https://www.otcmarkets.com/stock/KGKG/profile

[G-ManSoFla]

All told, this gaggle of clowns apparently did absolutely NOTHING of substance with shareholder money. It appears it all went into their pockets or was squandered in a facade to portray an appearance of legitimacy to shore up share prices and prolong the grift.

[justhefax]

the fact they filed is key. While all unknown as to real plans, a positive they filed, as correctly pointed out, it costs $.
Also some clean up of debt, and share classes. 
As i read it, appears also a tax loss of 15mm on books... that alone is 10x the current cap value.

[G-ManSoFla]

Report shows hundreds of millions of new shares issued throughout 2024, issued to who else? Robert Clark! Allegedly "out of the picture", but of course! Dollars to donuts, he dumped them all and pocketed a few hundred grand. The grift is a disgrace.

[1jas]

Possible brother / sister type dealings with FITY and BLEG. Same address, Some same and related board members, same Type businesses. Each one could have a specific use for the other.?

[qwikpik]

Good point! Why would they pay to be current,if a scam?

[1jas]

Looks like they may have a plan for something. Hopefully clean up and run the company properly. KGKG is pink current again, that cost money.

[Viewmont]

https://www.otcmarkets.com/file/company/financial-report/465029/content

https://www.otcmarkets.com/file/company/financial-report/465030/content

[qwikpik]

Hello Duster,where can I view the Quarter?

[justhefax]

Cut and paste from K.
Only business shown is the business of self awards of shares, the giveaway of company assets ( leaving only the Highdrate, non producing brand), 'aquiring' Covert, disposing of them after paying 2mm+.
Again no mention of the primary stated plan repeated in many late 24 pr's, about merger or Nuvibe name.
The giveaway of all assets for $0 was justified as needing to make way for merger.
Not one comment??

[Duster2]

Q is out

[justhefax]

Interesting- Lots to review but a few notes- +/-
+ Looks like a somewhat cleaned up preferred share organization+ 15mm + tax loss+ Brandon White as CEO / Chait - i communicated w him several times last year and while cant speak to competence he seemed commited to ethical biz practice and goals+ They filed... so alive
- Covert and officers made out w $2 mm for accomplishing nothing over 8 mo.- no reference to reverse merger - no mention of claimed Nuvibe nameNote - they did detail all other actions, so very concerning no discission of future biz plans-R Clark may still be a large holder , but clearly less and not singularily controlling- no $ income or biz , so dilution will continue
will reread this eve
Additional mgt comment is needsd 

[Duster2]

Annual Report is out!

[1jas]

OK, who has the bag of tricks.

[justhefax]

all the previous communications about this very deal were from the team executing it. The lack of updates go back months. The lack of communication goes back months.To defend in effect, nothing, is absurd. The last release stressed transparency as a goal. There have been no filings for NuVibe as a registered name in Fl or federal. 
That effort was released in April 2024 as a goal to accomplish... and nothing to reserve or list or register the name since in public records.
Updating blatently incorrect info os not a waste of $, but simple about being correct and responsible. To take down the Covert 'brand' , and them as ceo, coo of Kona costs nothing.
it would be nice to know who is managing this on behalf of investors. Clearly some are, but none listed on web site. i reached out to the Covert team ( the listed KG ceo) and he said they hasn't been involved since fall.
i continue to hold, but i do not think this is in any way normal biz.

[qwikpik]

Do you think we will hit .0002 today?

[bluebyte]

Lot of volume came in, I closed my 54 mill position, live another day to fight or I bailed at the wrong time, time will tell 

[BuccaneerPhoenix311]

Different players now...

[G-ManSoFla]

IMHO if and only if they manage to pull this off, it will just be a larger grift than their previous scam

[BirdsOfFire]

My understanding is there is no more or will be no more KGKG, Inc. I believe the next PRs will reveal what is going on with Nuvibe,Inc. Nuvibe, Inc is supposed to be the new company. Why, update a website where the current information concerning the company's business structure could change, has changed or doesn't apply to the old company KGKG,Inc. Updating a website that will be deleted is a waste of money. IMO

[justhefax]

Also essential not another company mixed with the same players in the background. Transparency, real new mgt and board, product  w earnings not buried in debt and loaded w forward looking language.
But the co has not filled for another extension on filings , so remains w a yield sign on OTC. 
No update, even to CURRENT facts such as pulling covert and mgt off website. No update for 4 mo following getting updates on a monthly basis on the same effort.
Contact info is meaningless- no one answers even in minimal way. 

[BuccaneerPhoenix311]

When the intention of what was stated on Dec. 5 2024 happens they will be bringing in 25M more than what the 5M they were doing with Covert. Expecting the PPS to go 5X higher than the high of the past. As long a they follow through...

[G-ManSoFla]

deD mUneY

[BuccaneerPhoenix311]

Thank you for the info. I have been hanging on like ever other long waiting for this to happen.

[Viewmont]

There are contact informations on the bottom of the page if you scroll all the way down! https://konagoldbeverage.com/news/

[1jas]

Even though a reverse merger is faster than an IPO. I don't know for sure. But I think the acquisition of merger would only have to finalize on a date both parties agree too, and time limit would not matter.?

[BirdsOfFire]

This is what AI says:

A reverse takeover, also known as a reverse merger, typically takes between three to six months. This is significantly faster than a traditional Initial Public Offering (IPO), which can take nine to twelve months or longer. The process can even be completed in as little as 30 days in some cases.

Here's a more detailed look:

Speed:
Reverse takeovers are much quicker than IPOs because they bypass the extensive regulatory review process required for a new public listing.

Cost:
They are also generally less expensive than IPOs as they don't require the same level of due diligence and underwriting fees.

Process:
A private company acquires control of a publicly traded company (the "shell" company), effectively becoming public without the lengthy and expensive IPO process.

Advantages:
This method allows companies to go public quickly, which can be beneficial for businesses that need to access capital or establish a public market presence rapidly.

[Duster2]

There has been plenty of time to be taken over. Current problem is this stock is now in the "Grace Period". If nothing is done it moves to the Expert Market. Seeing nothing happen day after day is concerning!

[BuccaneerPhoenix311]

What is the average time for a company to take over a shell. If anyone has any idea, please share.

[Jcbaby1]

It seems like it just a matter of time before this stock gets shut off for good right?

[TucsonPhil]

Working them quads, zeroes that is.

[justhefax]

catalysts based on...?
Likely more dilution.
No biz, they 'sold' all for NO $ benefit to shareholders
Can't even bother to update site with new mgt. I wrote Covert and they confirmed they have nothing to do w Kg. Yet there they are.
Can't follow up to late filing.
No response to emails or phone.
Very suspect trading, possible illegal, massive blocks going off at wash price of .0001 bid and ask.
Q's are inaccurate. Rev's noted on last Q were not theirs. Kona never 'owned' Covert. 
They have outstanding notes owed THEM not listed on filings.
No filings over 1 year for new 'Nuvibe' name represented in releases most of last years pr.
So what is catalyst? ANYTHING that shows who mgt and current stakeholders are, ANY credible biz plan that is not an obvious empty forward looking pump, reliable filings, updated website and public data...
That might be a start!

[Shawonsarker84]

I will give you a summary of some catalysts over the weekend. Cheers

[BirdsOfFire]

So what if the next SS Share structure set up by the TA transfer agent is 9 may - 14 May 25. How will an update of the Share Structure update help with information to find out what is going on the stock?

[Duster2]

Better hurry up! Grace Period timer is on.

[hbhmb]

Hope your right