Kona Gold Beverage Inc (KGKG)

[TucsonPhil]

Maybe they should include a share of stock with every can sold LOL

[The_Gman]

What sales? As of today, Nuvibe doesn't exist.

I refer you back to my previous comment:

There are no drinks being verifiably produced (or sold) anywhere that anyone is aware of.

[zeusgodmd]

Thought nuvibe was rebranding the drinks where are the sales monthly coming from if you don’t think they are selling drinks

[The_Gman]

Oh, and they are a holding company - whatever they're calling themselves these days - "that specializes in innovative product development."

MELBOURNE, Fla., April 25, 2024 /PRNewswire/ -- Kona Gold Beverages, Inc. (OTCPK: KGKG), a leading holding company specializing in innovative product development within the better-for-you and functional beverage sector, today announced that its board of directors and majority shareholders have approved a name change for the company. The process to change the company's name to NuVibe, Inc. and apply for the new ticker symbol VIBE has commenced following approval by the board of directors and majority of shareholders.

The decision to rebrand reflects NuVibe's strategic evolution into a diversified holding company, positioning itself for substantial growth and success across multiple sectors. This change marks a significant milestone for the company as it aims to reshape its identity and distance itself from prior associations and outdated affiliations.

https://www.prnewswire.com/news-releases/kona-gold-beverages-inc-announces-name-change-to-nuvibe-inc-and-initiation-of-ticker-symbol-application-process-302127549.html

[The_Gman]

I find it hard to believe you've been following this company and don't know that!
Go to the website and try to find some. Here, I'll help get you started...

https://konagoldbeverage.com/

Report back with what you find.

And the last answer is yes. And BS.

[zeusgodmd]

I find that hard to believe since they are a beverage company. What do you think they are selling just shares

[The_Gman]

There are no drinks being verifiably produced (or sold) anywhere that anyone is aware of.

[zeusgodmd]

Kona at one point was using alkm a company that specialized in purification and drinks for some bottling of there different gold drinks in the past. I would think these guys would keep up with supply didn’t know if anyone knows any thing about that. I have watched both companies for years.

[The_Gman]

What drinks? 🤣

[zeusgodmd]

Are they still using alkm for some of there drinks?

[pdmihopefull]

I see 7ssss today..,

[loanshark007]

Hows that kona kool aid taste?

[qwikpik]

So then,just why are you here???

[Serge521]

Wow! Kona drinks proving to be one more time one hell of a big SCAM
Shame on you for holding this stinky turd

[Nelson2]

Thank for your input
They can’t seem to even find a competent source to supply their product
Good grief!
GLTA

[TucsonPhil]

In the past, they have eliminated some debt through issuance of warrants, or by giving debt holders a lot of shares, resulting in further dilution of the stock. In one instance they promised a debt holder a huge portion of profits from future sales of product. I bet that one is pissed.

In any case, I do not believe it will be good for current shareholders.

[grande_cebolla]

So is management worse than RC now? I think they just stopped making drinks, unless I'm missing something.

[Nelson2]

WTF does this mean?

“Kona Gold Beverages is pleased to announce that its management team has initiated discussions with its largest debt holder to negotiate the purchase and complete removal of the debt from the company's financial statements. This strategic move aims to eliminate the need for any future debt conversions, providing a stronger financial foundation for the company's growth and development.

The management team has conducted thorough research and data analysis, demonstrating that the past conversions and sales associated with its largest debt holder having yielded substantial returns. With this solid groundwork, Kona Gold Beverages is confident that a mutually beneficial agreement can be reached, enabling the company to retire the debt completely.

[TucsonPhil]

Close the doors, declare bankruptcy, screw the investors over one last time.

RC and his crew can turn off the lights on the way out.

[justhefax]

They should just drop missions, products that are not in market, and all reference to being an active bev or other co until ready to be in market.

Pull down website - 'under construction'

Rewrite mission. Post real mgt and board.
Revise all forecasts to real... not hope.
No overstatements about being an innovative co in anything until they PROVE it.

Dont bother with name change as a 'holding' co managing various brands... just manage / sell ONE thing well!

At this price it is a shell.

Better to start from sctatch with REAL new team, mission, product etc.

[TucsonPhil]

5s are not far behind IMO.

[pdmihopefull]

Hey Tucson...do I see,8ssssss!!!!!

[TucsonPhil]

I would rely on historical trends to choose between those two explanations. Enough said?

[Excalibur13]

I know that the Joint Venture was announced back then , what I'm saying is, Kona Gold says they got a production run and then no response from the manufacturer. BUT THE MANUFACTURER IS SAYING THEY ARE GOING TO BOOST PRODUCTION BY 5X from there PR just a few days ago.
So either they took on much more business from someone else or Kona is pulling our leg about the reason for delays in production.

[The_Gman]

The "high demand" is probably a large number of unhappy shareholders demanding they stop getting high and actually put out some product.

[TucsonPhil]

"High demand" would indicate there are sales. Has anyone here seen it for sale anywhere?

[The_Gman]

The joint venture agreement between Apple Rush and KG was announced 4/11/2024.

From your Apple Rush PR link:

This is the second phase of our planned expansion that we undertook in 2023 and will be followed up with additional expansion over the coming months.

From the KG PR 7/17/2024

Kona Gold Beverages is pleased to announce the successful initiation of a production run for its HighDrate drinks. The initial production runs were smooth, with the cans boasting a striking appearance and the taste receiving positive feedback. However, subsequent to these runs, the manufacturer has been unresponsive and has proven unable to meet Kona Gold's large order demands. Consequently, Kona Gold Beverages is actively collaborating with several other manufacturers to ensure the timely and efficient production of HighDrate drinks, aiming to bring them back on track and to market as soon as possible.

[TucsonPhil]

Five times zero, still equals zero.

[justhefax]

Todays PR said to go to Kona Bev website for additional information.

i called the number from there and got RM mgt.

I asked to speak to a Kona rep and went to vm of a woman.

Called the number on Surge website (which has no mention of Kona aquisition) thinking it is a Kona company, and again, RM mgt. Note - CEO of Surge is CEO of Kona but OTC has Covert mgt as the CEO/CFO

Researched RM mgt ... it is an LLC in Fla managed by Robert Clark.

Of course all could have some 'reasons' but in seeking to find out ...can not get a response.

[m_m007]

Looks like dilution machine

[Excalibur13]

The joint venture with Kona Gold and Apple Rush must be in tact, they are gearing up for 5x production, this news out yesterday from them.
https://www.otcmarkets.com/stock/APRU/news/Apple-Rush-Company-anounces-expansion-of-Lena-Brewing-to-increas-capacity-5-fold?id=446525

[TucsonPhil]

This company does have a history of trading stock and warrants for financing, so good point.

[barmarty]

da, it seems i think that the major reason a brand can't get a packer to produce is because they didn't get paid, so now they want to negotiate a settlement. probably one that incudes their and our stock, a give away' if they can't even pay for materials and production how can this company exists? well they'll just blame the packer

[ChrisMc75]

Look out. Seems like they are setting up for another blitz.

[qwikpik]

The one that looks foolish is you,why would you even be HERE????????

[pdmihopefull]

That's no good news today... all BS NEWS...KEEP ON BUYING... YOU WILL GO BROKE... LMAO

[justhefax]

and the producer was perhaps the subject of a previous release about producer APRU.

Another 'partnership' / 'aquisition' lost in dust

[The_Gman]

There's only one line of actual "news" in this "news."

However, subsequent to these runs, the manufacturer has been unresponsive and has proven unable to meet Kona Gold's large order demands.

The rest is all the normal, "We're working on it" word salad. The veep would be proud!

[justhefax]

It would be good if they spent 30 minutes and update the most basic info on the site they refer PR readers to.

OTC has Covert mgt as CEO/CFO. Web site has Brandon Spikes.

No sign of Surge/Covert 'aquisitions' via links or information.

Dead links, dated emails

---

The release makes the following statement

'The management team has conducted thorough research and data analysis, demonstrating that the past conversions and sales associated with its largest debt holder having yielded substantial returns.'

I assume this means substantial returns to the debt holders. Clearly the value of the company expressed in its capitalization, ongoing dilution, and share value for common holders has been terrible. So the phrasing seems to indicate that the priority is the opportunity for debt holders and those awarded options/convertibles and not common holders?

---

It would be nice to assume common investors are supposed to be encouraged with this, but not clear.

Assume EOY forecast will be restated, given no products on market.

Love to see web updates and clarity w clear statements of common holders as real priority.

'Next few weeks' looks like we are into August/Sept before any news, launch or next steps, miss summer sales.

[The_Gman]

[Excalibur13]

News Out several topics, CEO should go back to ALKM for highdrate production, Unless the old CEO burned that bridge.
https://www.otcmarkets.com/stock/KGKG/news/Kona-Gold-Beverages-Reaches-Out-to-Largest-Debt-Holder-for-Debt-Purchase-Negotiation?id=447025

[TucsonPhil]

We will see 5 again

[pdmihopefull]

Hello Tuscon...did I see 7.5 ???!!!.. lmao

[pdmihopefull]

Hey Tuscon.... from 63 down to 9999sss...

[TucsonPhil]

Sssshhhhhhhh

Sound of the air running out of this bubble.

[justhefax]

following...12 mm picked up in a single trade/lot at .001

Then mil + buys follow.

No news. No one knows wtf is going on.

But .... money talks

[justhefax]

as usual you muss the point...

They were purchased. Someone/ entity is buying all that is dumped

I said we are all blind right now given no updates and past due on stated goals...

The support is interesting

I note that , of course, you are silent w any uptick. You interests clearly alinged w dumpers

[pdmihopefull]

Hey JUSTTHEFAX...THE 10SSS JUST SOLD A SHIZ LOAD...20 MILLION OF 10SSSS.... HAHAHA 😂....DID I SEE 9,SSSSSD....TODAY....!!??!!!...

[justhefax]

No daylight ..but support / careful accumulation seems real.

[justhefax]

in rearview?