Kona Gold Beverage Inc (KGKG)

[justhefax]

April- 
Announce intention to change name 

October - 
.."advanced discussions.." on LOI
..." progessing" w name change -NuVibe/Vibe
..." continue to nurture its subsidiary, Covert".. noting it is the prime $ income for Kona

November -
..." once finalized (name change) will pave the way..." 
Further notes all rev coming from Covert in Q

December -
... J Fisher and E Eichler (ceo/coo of KG Inc) say its in the best interest of Kona inc if they take their co back (assume they will be ceo/coo of private Covert. This to apparently clear decks for merger. So KG is left w NO subsidiaries or any earning operations. And after 6-8 mo drawing salaries and stock, they take back co w NO payment or benefit to KG, except leaving? ( lol )

Now 2 months simce last release. Next Q will likely show NO revs and a pile of debt.

No effort to show the actions discussed on web ( covert os still listed as a KG co), and no change ... except posting the news releases

No filings reported
No result on a10 mo name changr effort
Gave away Kona LLC
Gave away Covert

Shares at all time low

NO positive result in 14 mo w new mgt on any reorted effort. 2024 started at .003 , Now .0001 with 3-4 time dilution

[The_Gman]

How to Change the Name of a Delaware LLC or Corporation

https://terms.law/2023/06/30/how-to-change-the-name-of-a-delaware-llc-or-corporation/

How long does it take to change the name of a Delaware company?
Generally, the process can be completed within a week.

Typically, the effective date is the date of filing or a specific date requested by the filer. It is important to update all relevant documents, licenses, and contracts with the new name after the effective date to ensure consistency and avoid any confusion. If you have specific time-sensitive considerations or requirements, it is recommended to consult with legal professionals or the Delaware Division of Corporations for more precise information on the timing of the name change.

https://perkinscoie.com/insights/blog/7-things-do-when-you-change-companys-name-sec-otherwise

You'll make the request for this online through the EDGAR Filing Website or the OnlineForms Management Website. Your company name change must be reviewed and approved by the SEC's EDGAR Staff, which can take a few days

.

https://brinenlaw.com/casestudies/successfully-appealed-finra-decision-denying-publicly-traded-companys-name-and-symbol-change/

To change the name and symbol of a company, a corporate action must be filed with FINRA after a change of name is filed with the Secretary of State in the state in which the business is incorporated.

OK, good luck with that. It's been almost a year for something that should take a month, tops.

[qwikpik]

Thanks soo much GMan.. hearing all that just makes me buy MORE😁

[The_Gman]

Unlikely the name has been changed. Had it been changed, they would have announced that. Last communication on 10/15/24 said the name change was "progressing."
https://konagoldbeverage.com/wp/wp-content/uploads/2024/10/Kona-Gold-Beverages-Strategic-Progress-and-Corporate-Evolution.pdf

The Kona Gold website is still up and functioning with no indication of a name change. The site for NuVibe (nuvibe.co) has nothing except "nuvibe.co is parked free, courtesy of GoDaddy.com."
https://konagoldbeverage.com/
https://nuvibe.co/lander

When I contacted Schwab last week, they said, "The name comes from the issuer of the stock." They had no other info.

They can't even get their own name right, they alternately list "Kona Gold Beverage" and Kona Gold Beverages" as the company name in releases. The name in Delaware and at the SEC is singular, "Kona Gold Beverage, Inc."
https://konagoldbeverage.com/2024/11/15/kona-gold-beverage-inc-updates-multi-million-dollar-merger-and-posts-over-1-2-million-in-q3-revenues/

SEC Edgar returns a search on KGKG and Kona Gold, no results for VIBE or NuVibe
https://www.sec.gov/search-filings

State of Delaware still shows Kona Gold Beverage, Inc., no listing for NuVibe.
https://icis.corp.delaware.gov/ecorp/entitysearch/NameSearch.aspx
Entity Details
THIS IS NOT A STATEMENT OF GOOD STANDING
File Number: 3881153 Incorporation Date / Formation Date: 11/15/2004
(mm/dd/yyyy)
Entity Name: KONA GOLD BEVERAGE, INC.
Entity Kind: Corporation Entity Type: General
Residency: Domestic State: DELAWARE
REGISTERED AGENT INFORMATION
Name: A REGISTERED AGENT, INC.
Address: 8 THE GREEN, STE A
City: DOVER County: Kent
State: DE Postal Code: 19901
Phone: [phone]

[G-ManSoFla]

It is all background noise. Higher volume of bids at T1 are people looking for lotto tickets or looking for more to flip. The lower volume of offers at T2 are all people flipping what they bought at T1. The overall low trade volumes seem to back up this assertion of the Mexican stand-off. It has followed this same scenario for almost the last half year. Kind of like a fish floundering before it goes out cold or a chicken that runs around with its head cut off. All IMHO for entertainment value only.

[qwikpik]

Thanks BoF for your DD👍$$$

[teddibear]

Thanks BofF

[justhefax]

i agree the trading suggests accumulation. But if loading from an insider vantage, another issue.

[BirdsOfFire]

My info says per, "Think or Swim" via Charles Schwab, a computer system bought over from TDA when they merged says there is currently 456 million lots of shares for sale at .0002 cents a share. A lot is 100 shares KGKG shares are on the open market.

1). My synopsis is that someone is putting their shares up for sale at .0002 cents a share on the open market. 2). There is a good possibility an agreement was reached that the party to sell their shares. 3) it is possible the new company will gobble up these shares on the cheap in order to take over the company.
IMO

[justhefax]

thanks for that , i should have looked more closrely

[BirdsOfFire]

To: Tuconphil, Justafax, the presswire article you are referring to is dated April 25, 2024. This article was just posted by Teddibear. Everyone knows about the name change. I checked again with Charles Schwab, the name change is complete.

Again, Charles Schwab, says the name change is complete. We don't need incorrect or miss information. Would the three of you post some current news and facts. Thank you. IMO

[TucsonPhil]

Dead in the water. Just drifting toward the waterfall that ends the scam.

[justhefax]

Good to see alive but the sum of the release is that the 30 mm 'merge' is off the table, and we are back to mid summer August '24 searching for $ partners and doing a name change

[teddibear]

To everyone-
I'm not real savvy on the inner workings of the stock game so I am hoping someone can enlighten me.
With all the see-saw controversy I have read here why is it that KGKG 'ASK' PPS can hold steady at .0002?
Thanks in advance. -TB

[teddibear]

Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process

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

[justhefax]

I have googled several times.

When i do, i get a long list of news vibe/kg history... drawn from press releases... but not what you describe.

Not doubting, but not pulling up?

 interesting is no R Clark. 
Bauer, Wilt and Eagan are listed in past. 

[BirdsOfFire]

1. If you go to Google and type in NUVIBE, it automatically says, "NUVIBE,Inc". and on the second line underneath that it says "Kona Gold Beverage".

2. If you do a search on Nuvibe Stock, it gives an AI review.
"First line says, "NUVIBE Stock". Then says,
"NuVibe, Inc. (NUVIBE) is a holding company that develops functional and better-for-you beverages. The company's stock symbol is VIBE.
History
Kona Gold Beverages, Inc. (KGKG) announced a name change to NuVibe, Inc.
The company's board of directors and majority shareholders approved the name change
The company began the process of applying for the new ticker symbol, VIBE
Shareholders
Judith A Wilt owns 30.74% of the company
Roger A Jr Eagan owns 16.39% of the company
Steven Bauer owns 13.52% of the company
Blake Bolin owns 5.123% of the company"

This was a search done on Goggle and very easy to do!
IMO

[qwikpik]

I know nothing about stocks,but have been playing with this one...just curious, why would it be an all Buy day,of it's a loser stock?
I really am just curious about that

[justhefax]

going on 2 months w/o update after a series 1mo intervals.
No changed on sites, filings , or in any forum to show activity ( apart from the single change noted on schwab, but no others i can find)

a search for Vibe, Nuvibe shows name used by many others but no sign of KG.

Calls are not picked up ( from various callers). Emails also silent.

Assuming the mgt is truely shareholder value interested ... ???

[G-ManSoFla]

Russell Weiner founded Rockstar with $50k of his own money and alot of hard work. He later sold it for $4B. In extreme contrast, RC and Kona "executives" apparently just play(ed) a shell game with (what was) millions in OPM, lining their pockets, leaving all the "investors" holding bags.

[qwikpik]

I meant Pdm

[qwikpik]

I meant Pdm

[qwikpik]

If this is true Phil,why are you still here???

[pdmihopefull]

The kgkg train has left...it crashed...it imploded...it's just a junk... ready for a scrap yard... recycle it....and give it a proper burial... it's done!!!!

[TucsonPhil]

I am referring to SEC employees, taking the buyout, so that they become even more understaffed. With less staff, the SEC is less equipped to investigate all of the questionable dealings. As it is, I doubt the spend much time looking at penny stock companies, since the huge fines, that give them the headlines, just aren't possible.

[BirdsOfFire]

Are you referring to Covert?

[TucsonPhil]

I should have been clearer, I was referring to the ones who will take the buyout, then move into the private sector. Yes, we definitely need better people to enforce the regulations.

[BirdsOfFire]

The SEC needs to go after people like Robert Clark, former CEO of KGKG . The SEC should confiscate all those million dollar mansions, luxury cars, overseas bank accounts, four houses in France, etc. I am not accusing RC of crimes but it sure looks that way. The government is not doing enough to protect their citizens from criminals.

China is a bully government nation. But they give you the death penalty for financiallly harming it's citizens. Fraud in China versus the USA? Maybe that is why they are getting ahead in the business world because the government doesn't play with fraudsters. IMO

[Excalibur13]

Maybe its not the amount of DEI employees , but the SEC REGULATIONS with competent people enforcing some better rules.

[TucsonPhil]

The SEC will likely lose a bunch of employees, so this company, and others just as questionable, may live on for a while.

I am in no way advocating purchase of KGKG!

On the contrary, the number of swindling companies is likely to rise

[BirdsOfFire]

Yes, it is a lotto ticket. I can tell you, in the last couple weeks when I was buying more stock the Schwab Representative knew about the reverse merger! Well, someone knows more than that. IMO

I SUGGEST DOING YOUR OWN DUE DILIGENCE.
IMO

[G-ManSoFla]

It appears to be simply background noise. Like the static you used to hear when the TV station went off the air at the end of the day. Everyday 1B to 2B looking to get a T1 lotto ticket, but 300-600M looking to cash in the lotto ticket for a T2 exit. Same story for what? Last 4 months now?

[justhefax]

i will reiterate one 'positive' over last 2 mo, and that i noted before.

the trading suggests accumulation. Given the lack of hard results over a very long time, there is very limited retail interest.

Even today on the AI meltdown there is buying. Now it is not saying much since already trading valued at an empty shell (under 1 mm cap), and so even 10mm trade is only 1-2k)

But it is a sign of life.

[BirdsOfFire]

Well, anything is possible. Success or failure? That is the question But I want bulge one inch. Past history does is not indicative of the future. IMO

[TucsonPhil]

The exact same pattern happened with a little company called PULSE Beverage, quite a few years ago. The owners became persona non grata, the phones went dead, people local to the business office went to the place and took pictures of an empty parking lot and locked doors. It took the SEC at least another year to finally delist the company.

I am afraid the money is gone, but I fear they will keep milking it for as long as people keep 'investing'.

[BirdsOfFire]

I agree with you, it is a lotto ticket. But any stock you invest in is a lotto ticket. Failure or success only the future knows. I will say unlike many other OTC stocks that fail over and over again, KGKG gets back and tries again.

I remember when you were a positive happy and patient board member. My fellow board member I get beat down by the stresses of everyday life. When things don't seem to go our way, I say to stand tall, unflinching and be there to help others in our endeavors.

Be happy not angry my once positive board member. IMO

[justhefax]

woa dude!

i said i didnt see any other brokerage listing kg as nuvibe. I did do some research on filings and found nothing but the filing of STOPPING doing biz in Florida days after the last Q.
Rather than slam me, why not share a couple that do list apart from Schwab!? 

For anyone to just take this co's releases at face value after years of deciept and non performance, and destruction of value while diluting needs to reflect.

i repeat , i would be delighted to see THIS time for deal to work. I would do very well.

But do i have serious well founded reasons to be sceptical , sure! As would anyone who lost money based on their past NUMEROUS unrealized claims!

[BirdsOfFire]

Justafax, I did a search on the broker/dealers on the Internet. I came up with 80 companies providing these services: https://www.otcmarkets.com/otc-link/broker-dealer-directory

Please look this up. Did you check all 80 dealer/brokers to see if NUVIBE, Inc. was listed in these organizations? Anyone that gullible to sell their shares not based on the facts deserves to lose out when this goes back up.
IMO

[justhefax]

no, only that it was the only one.

i have a big stake, but understand it is a blind spec. 

No one can show ANY positive result from the co based on claims going back over a year.

I hold , as i have said many many times as a lotto ticket. But to make any case based on performance, transparency, results of any kind is delusion. 

[BirdsOfFire]

Do you think Schwab is "cooking the books"? Maybe, Schwab is a criminal? If you want to sell your interest by all means it is your money and prerogative to do what you want . But, I will not bulge one inch in selling my shares. Not one inch!

I am steadfast in my mental capacity to not be "wishy-washy". If I were you, I would try relaxing exercises to put the heart at ease. IMO

[justhefax]

i share the desire for success as i do have a significant stake.
Apart from Schwab i don't see any visible sign of the name change. If any see other places good to know.

I dont see the work you refer to apart from releases going back to spring ( and Schwab). The name change was proposed well before any discussion of any merger. And given they hadn't even selected a prospect at that point, curious that they seem to insist on that name prior to the candidate allowed input.

now closing on 2 months since last release seems should be due an update.

[BirdsOfFire]

Justafax, I will not call just yet. But the name change is happening. IMO. If the name change was not happening, then why does Schwab now have the new name for KGKG as NUVIBE, Inc. This change is recent.

I refuse to get bothered about something I have no control over. I too have invested large sums of money into KGKG. And yes, I want a return investment from KGKG/VIBE. What I see is a management team working to get the reverse company into VIBE. IMO, the reverse merger cannot take place until the name change is complete. IMO

[SovereignWarlock10]

The only sign of life is on this board... I am down 14K and still hopeful that the December 5th post on the Kona Gold Beverage website will go through...

[justhefax]

Understand my persistence may have annoyed. Why don't you give a call monday and see and ask how's it going, see if you get anyone to pick up and respond in even a limited way.?

i would be delighted if THIS time they do what they have said! Seriously. 

[Viewmont]

Yes, I believe I read that somewhere, stating that's what th co was doing.

[BirdsOfFire]

Justafax, you got two companies involved in doing a reverse merger. I'm pretty sure it ain't easy. I bet KGKG don't even have any staff to answer the phones. Remember, they are merging and the new company has staff but not KGKG,INC.

KGKG had to give Covert away without benefitting investors because KGKG wanted the reverse merger company and probably Covert wouldn't let them without getting the company back for free. Covert knew it and had KGKG "by the balls". There was an opportunity and KGKG wasn't going to let it pass. That is my take. IMO

This is my take. The new company is trying to save money. So, they and KGKG will lay off people. KGKG probably don't have any people. Right now, IMO, they are trying to figure out each others accounting, IT, HR systems. Some of these systems will be used by the new company and some will not. They are, in essence, creating a new company.

Question for you? First all, I mean no harm to you. But, have you or do you constantly contact them? If so, they probably know you. Sometimes, a company may not take you as a serious supporter if you pester them often. They may be ignoring you? Somehow, I believe they are working to iron out the kinks. Obviously, there will be issues not thought of in advanced.

IMO

[hbhmb]

Great information. Thanks

Time will tell

[justhefax]

i am long. Avg about .0009 , and significant.

responses -
1- yes the releases are on site. My point is no other change. Still lists products Covert and that it engages as a premium bev co abd so on, when it no longer operates as such. Lists J Strong as director when earlier release said no longer involved. And NO even tiny reflection of changed mission. No expense to update and show holders any sign of changes over last 6 mo.

2- i understand no company can divulge private info. But no one even to pick up phone? Respond one line to emails? Part of my focus is simply to assure myself that they are even there! And of course other NON private questions. 

3- Issue w offloading assets was NO benefit to shareholders. Kona llc to diaper co, and handing back Covert to founders for no $? 
They still show covert as asset on website? 

4- Filings can be searched. i found a september filing that KG no longer does any biz in Fl, signed by B White. Filings for name changes and mergers are required to be filed publicaly if goal is to be a public co. 

I am not trying to scare anyone. These are all there for any to see, or rather not see.

i invest in many co's... and all that seek to support share price and work for sharevalue WANT to engage investors , not hide.

i am also a looog time follower. Made a lot on the Kona Hemp run up. Sold almost all. Began to buy again spring 24, and watched as they did not achieve ONE objective. Avg'ed  down simply as lotto ticket... but to suggest this co has been honest, transparent, and worked for investors is impossible to support.

[BirdsOfFire]

Justafax, most all of the complaints you listed in your post have been debunked and not true. For example: 1). You say the website does not refer to the merger and no sign of a merger. On 5 Dec2024, the company put out news that is clearly posted on their website. 2). It was mentioned earlier that the company cannot give out info not privy to all. If so, this is insider trading, a felony. 3). They also had to get rid of their subsidiaries in order to receive the new company, a requirement. 4) There has to be filings of the name change somewhere. Schwab a brokerage company now has KGKG as NUVIBE,INC. Note: OTC Markets group is a private company and they will eventually get the change too. Maybe you are not looking in the right place. 5). Are you trying to garner a mutiny? Don't know the reason? Maybe you are wanting share holders to sell their interest. Justafax, you should hope the best for us, shareholders. I have been a shareholder for a very long time, maybe 11 years now. 6) Want to tell you, I picked up another 5 million shares yesterday.

I wish you well fellow board member. And you say you are a shareholder? I am staying put and will not sell. At is point, I will go down with the ship if it comes to it. I have nothing to lose. IMO

[TucsonPhil]

Maybe, with people buying shares,, throughout all of their share dilution, they realized they should go into some sort of mental health solutions company.