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You mean becomes a buy. Might never happen.
Tax Loss selling here, Lets see how low this can go before a buy.
8:37 AM ET 9/29/22 | GlobeNewswire
Resonate Blends Officially Launches Its Anticipated "Sleep" Cordial to California Consumers
After Months of Thorough Formulation Iteration and Testing, Sleep is Now Available in Multi-Serve Bottles
CALABASAS, Calif., Sept. 29, 2022 (GLOBE NEWSWIRE) -- Resonate Blends, Inc. (OTCQB:KOAN), a Wellness Lifestyle cannabis holding company ("Resonate" or "the Company"), is pleased to announce the Koan Sleep Cordial is now in distribution and available to the Company's retail footprint in California. Sleep features a unique blend of Linalool, Myrcene, THC, CBD and CBN and was designed and tested to guide mind and body through the entire sleep cycle.
"Our motto is 'Precision Calibrated Cannabis' and that's exactly what we've accomplished in our just released Sleep product," stated Geoff Selzer, CEO of Resonate. "We tested several formulation trajectories and then refined our final blends until we saw consistent results from nearly all of our testers. It was not only critical for us to accomplish the goal of helping people get more sleep, but also to better quality and more restful sleep. It's impossible to overstate the importance of a good night's restorative sleep and our entire team is extremely proud to launch this extraordinary product."
Sleep was created to take the guesswork out of getting a good night's rest. The product helps users fall asleep quickly and wake up feeling refreshed and ready for the day ahead -- with no lingering cannabis haziness. Testers overwhelmingly reported the Koan Sleep experience was significantly better than their typical night's sleep.
The five milligrams of fast-acting Delta-9 THC facilitated sleep quickly in the testing group. The THC provides a calming sedative effect amplified by Myrcene and complemented by the stress-relieving properties of Linalool - which relaxes both the body and mind. The 15 milligrams of CBD help to ensure healthy proportions of the different sleep stages so users wake up feeling refreshed with no "weed hangover".
Biofeedback devices worn by the tester group showed that 10 milligrams of CBN helped them sleep longer and more soundly. Less tossing, turning and waking up provides more time to recharge. More than 90% of Sleep testers reported the Sleep blend was effective overall and helped them to exceed their personal sleep goals.
Sleep is now available in "Single" samples and in cost effective 100 ml, 10 serving multi-serve bottles. Koan Cordials now come in seven experience-targeted blends providing consumers a choice on how they want to feel.
OTC needs to turn this company into a SHELL. Management needs to be replaced ASAP!!!
https://www.otcmarkets.com/filing/html?id=16087654&guid=5q--kerCXqCFABh
There's a typo in this 8k - a missing "are". Blast!
"We subject to significant liquidated damages for the failure to register, including 25% of the outstanding principal of the Note being immediately due and payable, as well the Investor may exercise the warrant using a cashless feature."
But reading the whole thing before that, it's still sexy. A late excerpt w caveat:
"We also issued a warrant to the Investor to purchase 1,000,000 shares of our common stock at an exercise price of $0.25 per share, subject to adjustments."
And to reiterate - I've written this off my book.
50% drop on news. Go ahead and waste some more money painting it up. You still have 1 minute.
Agreed , but I have been adding.
Koan $$$$$
They are drowning in debt. How long they can keep the hounds at bay is beyond me.
09.17.2022 - 09.16.2022 OS increase, Restricted increase.
Authorized Shares
200,000,000
09/16/2022
Outstanding Shares
75,412,604
09/16/2022
Restricted
52,503,321
09/16/2022
Unrestricted
22,909,283
09/16/2022
This thing has a balance sheet that would choke a horse.
09.10.22 - 09.09.22 - No changes
Outstanding Shares
69,841,175
09/09/2022
Restricted
46,931,892
09/09/2022
Unrestricted
22,909,283
09/09/2022
This stock is pretty pathetic lately. Two and a half cents today. I may grab a few shares if this falls below a penny.
Wow why would these guys file financials - what a train wreck.
09.03.2022 - 09.02.2022 - No OS changes. Truffle shuffle from res to unrest.
Authorized Shares
200,000,000
09/02/2022
Outstanding Shares
69,841,175
09/02/2022
Restricted
46,931,892
09/02/2022
Unrestricted
22,909,283
09/02/2022
I believe it was 0.0322 that sold earlier this week. SS I last posted is almost the same from 8.26.2022....some restricted to not. NGL, seeing my 1+% diluted by 30% a few weeks ago......I've written this puppy off. Not selling.
Authorized Shares
200,000,000
08/26/2022
Outstanding Shares
69,841,175
08/26/2022
Restricted
46,931,892
08/26/2022
Unrestricted
22,909,283
08/26/2022
0.038 today. It's not cartoonish - it's start-up-ish!
Still cartoonish. And it does have farther to go.
Valid question. My guess several months ago was 0.0388 - probably see that before October.
Nabis distribution network - why would a company that has engaged a distributor take on additional sales force within the same market (state)? This is befuddling.
KOANs chart is completely irrelevant.
Chart reminds me of one I saw in a cartoon once. I think it has farther to go . . .
7.23.2022 - 7.22.2022 - No changes
Authorized Shares
200,000,000
07/22/2022
Outstanding Shares
69,841,175
07/22/2022
Restricted
50,635,138
07/22/2022
Unrestricted
19,206,037
07/22/2022
Yep - that's a conversion price of 0.087.
https://www.otcmarkets.com/filing/html?id=15954561&guid=afU-kHnONOkHJth
There was also an 8k on July 1st for a loan of $125k. No worries here.
https://www.otcmarkets.com/filing/html?id=15928195&guid=afU-kHnONOkHJth
Wow! Today's news explains a thing or too about the recent activity!
"We just reduced nearly $2M in prior Note debt through a conversion into equity of $KOAN stock. This reduces our largest liability & provides financial clarity as we prepare to expand our operations & increase our presence in the #cannabis industry."
#cannabisnews #OTCQB #stocks https://t.co/hysnsrweNv
7.16.2022 - 7.15.2022 - 21,994,316 new shares, all restricted. That's over 30% outstanding increase.
Authorized Shares
200,000,000
07/15/2022
Outstanding Shares
69,841,175
07/15/2022
Restricted
55,712,028
07/15/2022
Unrestricted
14,129,147
07/15/2022
Really curious to see how KOAN goes, holding over 1%. Further research of 1800 Diagonal reveals an obfuscation between 623 and 600 1800 Diagonal Rd, demonstrating that 1800 Diagonal Lending and Sixth Street lending may be the same umbrella.
Examining suite 623, there are investments in KOAN, oncology, [advanced] plastics packaging, mining, and media. Sixth street lending is mostly at suite 600, but the crossover is on the mining investment: Liberty Star Uranium and Metals Corp.
Could just be an office shuffle, but the dated documents suggest otherwise. Would love to know how this corp made this agreement with KOAN, and if these other corps have relevant plays.
As of the last share structure update on July 1st 2022,
33,717,712 out of 47,846,859 are restricted from trading. That's a 70(restricted)/30(un) split - which means this is super-thin - not just tightly held.
It's been over 2 weeks, and there was an 8k on July 1st 2022, from June 27 2022, for a little bitty bit of fund-raising, due June 27 2023. Break it down, and what KOAN has is a 12 month loan of $125,000, that the controlling party may convert for a maximum of the underside of 2.4 million shares (4.99%) after 6 months. At todays value of just under 9 cents, that would be worth just under $203,000, disallowing whatever associated fees that wouldn't fall upon KOAN or Resonate Blends.
https://www.otcmarkets.com/filing/html?id=15928195&guid=sdU-knK33XJ3doh
That's not a bad bet for the investor, IMO. I haven't been paying attention at all to other possible conversions....Is winter coming? The recession isn't quite here yet.
1800 Diagonal Lending is diversified. This is an average or below average investment from them, upon preliminary research.
KOAN share structure is less than 25% outstanding, with only 200m shares authorized. A reverse split is neither structurally feasible or mathematically plausible.
KOAN is a tightly-held company for many reasons, not the least of which is that people believe KOAN is a valid company.
Time for another Reverse Split here..... So sad they cant get anyone to believe that they have a company here..
07.05.2022 - 07.01.2022 - No changes in SS
Authorized Shares
200,000,000
07/01/2022
Outstanding Shares
47,846,859
07/01/2022
Restricted
33,717,712
07/01/2022
Unrestricted
14,129,147
07/01/2022
06.25.2022 - 06.24.2022 - SS unchanged.
Authorized Shares
200,000,000
06/24/2022
Outstanding Shares
47,846,859
06/24/2022
Restricted
33,717,712
06/24/2022
Unrestricted
14,129,147
06/24/2022
That's funny - sorry. I guess I had multiple Qs open, and pasted the wrong one. This is the Q for period ending March 31 2022.
https://www.otcmarkets.com/filing/html?id=15837221&guid=59nwkW2sk9ECJth
Actually that is 2021
Thanks. Yup. Was only going off of this apps news and docs. Appreciate you Moose
Qrtrs have 90 days in them...?
LOL might as well have gone dark.
Were you looking for this?
10-Q 05/20/2022 03/31/2022
https://www.otcmarkets.com/filing/html?id=14969481&guid=RqpwknIzQoBTh3h
06.18.22 - 06.17.22 - Unchanged structure
Authorized Shares
200,000,000
06/17/2022
Outstanding Shares
47,846,859
06/17/2022
Restricted
33,717,712
06/17/2022
Unrestricted
14,129,147
06/17/2022
06.03.2022 - 05.27.2022 - No changes in share structure. Such a low market cap.
Market Cap Market Cap
3,593,299
06/02/2022
Authorized Shares
200,000,000
05/27/2022
Outstanding Shares
47,846,859
05/27/2022
Restricted
33,717,712
05/27/2022
Unrestricted
14,129,147
05/27/2022
I'm more intrigued with regards to how the SS update date is sometimes wonky. For instance, in late April, the SS was last updated on April 1st. The day after I observed this, it was updated to reflect having been updated to April 20th or something like that, but that update did not happen until several days after that date.
These stock transfer corps exist on and within the fringes of global money laundering, so I find these things interesting to watch.
KOAN has a great product. Looking forward to the future.
So are you guys waiting for an SS change? Expecting some old debt, or maybe some new debt? Share structure tainted? Where's Riss, KK involved here too?
5.23.2022 - 5.20.2022 - No SS changes
Authorized Shares
200,000,000
05/20/2022
Outstanding Shares
47,846,859
05/20/2022
Restricted
33,717,712
05/20/2022
Unrestricted
14,129,147
05/20/2022
Held at DTC
13,331,945
05/20/2022
5.14.2022 - 5.13.2022 - Nothing changed.
Authorized Shares
200,000,000
05/13/2022
Outstanding Shares
47,846,859
05/13/2022
Restricted
33,717,712
05/13/2022
Unrestricted
14,129,147
05/13/2022
Held at DTC
13,331,945
05/13/2022
Float
14,129,147
04/01/2022
04.30.2022 - 04.29.2022
50k shares issued, a it of motion in un/restricted.
Authorized Shares
200,000,000
04/29/2022
Outstanding Shares
47,846,859
04/29/2022
Restricted
33,717,712
04/29/2022
Unrestricted
14,129,147
04/29/2022
Held at DTC
13,331,945
04/29/2022
04.26.2022 - 04.22.2022 OS, everything: unchanged. Irrelevant.
Today is 4/26/2022, and that structure said, earlier today, 04.01.22: Worldwide Stock Transfer, LLC. It had not been updated since then.
I was here on 04.22.2022. KOAN IHUB SEC details did not reflect this at that time. Huh.
https://techcrunch.com/2022/04/18/web-scraping-legal-court/
Friday April 15th saw the drop of the annual report for 2021, OTCQB certification, and a 10-k. Today, April 18th dropped a 10-K/A.
https://www.otcmarkets.com/stock/KOAN/disclosure
Share structure has not been updated since April 1st - kind of feels like a trolling April fools joke.
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