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S1 Approved, here comes the reverse.
https://sec.report/Document/0001493152-22-028494/
Nice PR with 3 distribution partners plus Walmart update.
https://www.otcmarkets.com/stock/KGKG/news/Kona-Gold-Beverage-Inc-Signs-Three-Distribution-Partners-in-Oregon-Washington-and-Alaska?id=373097
Form 4 filed with SEC by a number of key people with TLSS. SHOWING SHARES ACQUIRED!
Something could definitely be up.
Up to a 1 for 1500 reverse split.
The SEC notice is dilution with additional stock being sold. From what I am seeing so far over $6 million has been sold with another $4 million to go.
To me a big key in this PR is. "With these new executive management team appointments, the Company believes it is well-positioned to execute on its strategic plans."
I think as sharp as John may still be, some investors and lenders had concerns about his age and this shows executive strength and depth to keep the company going and growing. Just my opinion though.
New PR released. New CFO.
TLSS Hires New Chief Financial Officer
January 07, 2022
Industry Veteran Brings Extensive Operational Experience
JUPITER, FL / ACCESSWIRE / January 7, 2022 / Transportation and Logistics Systems, Inc. (OTCQB:TLSS), ("TLSS", or the "Company"), a growing logistics provider, announced today that, effective as of January 3, 2022, Mr. James Giordano (who bears no relation to the Company's new Executive Chairman and Chief Executive Officer Sebastian Giordano) has joined the Company as its new Chief Financial Officer ("CFO") replacing Mr. John Mercadante, who, in addition to his previous roles as Chairman and CEO, also held the CFO title. Mr. Mercadante will continue as a valued member of the Company's Board of Directors. With these new executive management team appointments, the Company believes it is well-positioned to execute on its strategic plans.
According to Mr. Sebastian Giordano, "Given the Company's plans for 2022 and beyond, it is essential that the Company have an experienced, seasoned executive management team in place to execute on its growth strategy and a highly-capable CFO is an absolute imperative. In addition to his proven financial, accounting, and organizational strengths, James has the level of detailed, operational industry experience and ‘roll-up your sleeves' attitude that is really needed for the Company to be successful."
A Certified Public Accountant, Mr. James Giordano has a BS degree in Accounting from Seton Hall University and an MBA in Finance from New York University, Leonard N. Stern Graduate School of Business. After starting his career with Price Waterhouse, working with such clients as Ingersoll Rand, Hartz Mountain, Curtis Wright, and MRC (division of Sony), he joined UBS, the 4th largest private client firm in the US providing asset management, brokerage, and investment banking services, in 1995. Starting in the External Reporting Group and taking roles in Equity Research and Municipal Securities, he quickly progressed with several promotions to Corporate Vice President before leaving in 2001. In 2001, he took a Manager, Finance role at Daiichi Sankyo, Inc., a US subsidiary of Daiichi Sankyo Co. Ltd., a Japan-based pharmaceutical and medicine manufacturing company, and proceeded to grow professionally, rapidly being promoted to Executed Director, Finance, as he supported the business growth from $90M to $2.6B over these same 12 years.
Since 2013, James has been Vice President of Finance for Key Food Stores, a $1.3 billion retail supermarket cooperative with 150 locations in the Tri-State area; Chief Financial Officer of Farren International, a $140 million provider of transportation and rigging services; and Chief Financial Officer of Freight Connections, a privately held provider of LTL and line haul transportation services and warehousing.
One of my concerns with this company was the age of John Mercadante and to me this change signifies that others are now in position to follow through on his legacy should something happen to him. I would be surprised if he isn't still very involved and, to me, this shows investors and potential investors that the company has strong leadership and the ability to move forward should something happen to John.
Anyone see this PR that came out a few minutes ago?
Company Preparing to Expand Board and Bolster its Management Team
JUPITER, FL / ACCESSWIRE / January 5, 2022 / Transportation and Logistics Systems, Inc. (OTCQB:TLSS), ("TLSS", or the "Company"), a growing logistics provider, announced today that, effective as of January 4, 2022, Mr. Sebastian Giordano, who has been acting as a restructuring consultant to the Company through his C-level business advisory firm, Ascentaur LLC ("Ascentaur") since February 2020, became the Company's Executive Chairman and Chief Executive Officer as well as a member of the Board of Directors. The move is anticipated to be the first of several upcoming enhancements to the Company's Board of Directors and executive management team.
Mr. John Mercadante, former Chairman and CEO of TLSS, who will stay on as a member of the Board of Directors, stated "since the Company engaged Ascentaur in 2020, Sebastian has done an outstanding job of advising the Board on its restructuring initiatives and then successfully executing them, as well as simultaneously helping to identify potential acquisition opportunities. The Board strongly believes that the Company will benefit greatly from Sebastian's proven leadership skills, as well as his extensive strategic, financial and operational acumen, that the Company believes, are ideally suited to guide the Company on a growth trajectory."
Mr. Giordano's experience as a corporate executive, consultant, and entrepreneur, includes serving as Chief Executive Officer, Chief Financial Officer, Chief Restructuring Officer and Board Member of OTC and NASDAQ-listed companies and encompasses extensive M&A and capital raising transaction experience.
Mr. Giordano added, "I am honored by the Board's invitation to assume these roles within the organization and very appreciative of the Company's support. The opportunities in the transportation and logistics industry today are significant and the Company has every intention of pursuing them aggressively, but prudently. The overriding priority is clear - to build a sustainable, profitable business to enhance shareholder value."
While I agree with you about having more revenue streams, we do have to recognize that it also requires more product inventory on hand which also means more warehouse space required. Perhaps that at least partially explains why they needed to raise all that extra cash.
The additional products and rebranding does at least ease my concern about Kona trying to become more of a distributor and abandoning the drink manufacturing lines. There is also still potential, in my mind, of them spinning off Gold Leaf as a separate company. Remember a while back Gold Leaf did acquire a shell company and there had to be a reason for that.
Finally, I believe that while RC is trying to provide some insight about where the company is trying to go, he has to be gun-shy from when this downhill slide started and there was big talk about Winn Dixie. There has not been any real talk of that lately but perhaps the rebranding of Kona products is the final piece of the puzzle to jump start that one among other potential deals and RC is just now being more cautious and not wanting to announce anything until the deals are done.
While I am down considerably, I have lost so much that it makes no sense to sell and I have actually been accumulating a little here and there to try and lower my cost basis and try to have faith in RC and his management team.
Best of luck to all of you for the New Year wherever you are invested!
Anyone notice this in the Fins? First I was aware of it.
Exhibit 4.4a a new convertible debenture on November 1, by Kona borrowing another $1.5 million from YA II PN.
Why did they need to raise almost $5 million over the past several months?
Quarterly Financials due out today. I will be interested to see the makeup of the assets at this point relative to all that they raised during the third quarter. Perhaps seeing how much has already been spent and hopefully a good breakdown on inventory of different drink lines, increases in unused can and bottle inventory, etc. might provide a little insight about the direction they are going since RC is being so tight lipped. Should also be a significant increase in cash for the ongoing operating expenses going into the fourth quarter of this year and first quarter of next year.
Hope they are filed early in the day and accompanied by some insightful and detailed commentary by RC.
New SEC S-1 Filing out
Think it is just an amendment to the previous recent offering. Over 100 pages long.
News out, cleaning up liabilities
http://irdirect.net/prviewer/release_only/id/4839955
TLSS filed an 8K this morning. Looks like they are buying another trucking company, Salson.
http://archive.fast-edgar.com/20210621/AA2Z362CZC2RCZTD222T2ZY2EFA6ZZ22ZL32/
I will question whomever I want when proper confirmation of something as significant at the passing of a key corporate employee is not also provided.
Additionally, should I find that someone is posting unfounded information to manipulate a security price, I will not hesitate to forward that information to my contacts with the SEC and any other regulators I see fit.
I was only asking for some substantiation and if the poster refuses to provide it, that information becomes suspect!
If substantiation is not provided then it becomes suspect for being either false information or insider information, both of which are illegal.
Let me also say that I am invested in TLSS and also believe in the potential of this company.
Proof with a link to his obituary would be helpful as I understand it was a false rumor that was started. A Google search I made as of this morning shows nothing about the death of Doug Cerny.
If you are so all knowing, try doing a little reading of tweets and PRs. Time to use the block feature, this one is over.
Another reminder that I guess some here know everything so I'll just keep future thoughts away from this forum.
Right now they are having severe growing pains due to the Lemin orders, in my opinion. As of the first quarterly, they had over $800k in inventory but only about $160k of that was Lemin. Total empty cans, sleeves, etc was only $100k and cash and receivables of $150k.
They recently alluded to the largest order they have ever received of $250k which is needed immediately and it is all Lemin. On top of that, they have continuing orders from Wawa for Lemin that are apparently coming in quickly.
Where does everyone expect the Lemin needed, not only for existing orders but also for inventory to keep these places in stock. I'd be surprised if they don't need to beef up Lemin inventory alone to at least $500k and be able to maintain that until the receivables cash flow begins to catch up.
None of this even considers them continuing to add more retailers for Lemin.
To me the only sad part is that they cut off all of those small hungry distributors that were moving the Kona product before having replacements in hand. That is probably over $500k in product that could also be moving and helping the cash flow.
I am at least hoping that eventually some of the new Lemin customers will prove to be a foot in the door for the Kona Energy and other lines.
I am far from an expert at looking at financials but in my view, the above is pretty basic and once they get a track record showing this is not just a flash in the pan so to speak, they should be able to get better terms with their suppliers as well as better financing options for continued growth.
For anyone thinking about Kona relative to AB Distributors, consider it history. I recently made an inquiry to Investor Relations about the current status with the AB Distributors. After non-response frustrations, I finally received an email back. Although not saying it directly it appears that they are not even making efforts relative to AB Distributors.
"Over the last few years, the Company has learned that Anheuser Busch Distributors tend to focus primarily on beer sales and their salesmen are not trained, nor want to open up new accounts with new products. As we grow and bring on new distribution partners in new markets, we specifically search for regional distribution partners that we know will provide focus on non-alcoholic beverages."
It would be interesting to see just how much of our revenue is being generated by the early Kona product line and if there is even much of an effort to market them any longer. To me it appears our new direction will be Lemin. Hopefully that continues to grow rapidly.
All of this is just my opinion and I am somewhat frustrated as I personally really like the Kona drinks.
Who is in the mood for more DILUTION!!!!
New SEC Filing this morning. That is what it looks like to me at least.
https://sec.report/Document/0001731122-21-000714/
SEC just notified Kona report filed
https://sec.report/Document/0001731122-21-000613/
Need to clarify that Frank as it is not for Kona Gold but for the Ohh La Lemin. Not saying it in a bad way but to me, Kona Gold drinks might be on the back burner for now while they use Lemin to open the store doors and then work at adding the Kona drinks once Lemin is established.
Lemin products do seem to be gaining traction quickly and could prove to be the real current catalyst for company revenue.
SEC just sent me another notification of an 8K being filed.
https://sec.report/Document/0001493152-21-006570/
Also hoping what happened to OCMillionaire helps clean these boards up to be more healthy and helpful to those interested in sharing information and honest opinions.
I am just saying there are many others on ihub and other boards that pump with misinformation for their own benefit and then disappear. Not pointing specific fingers.
Maybe he is in hiding after what happened to OCMillionaire.
Sounds like a word of warning to others like him as he is quite possibly the first of several more to come.
What happened to the 6's??? Looks to me that we are at $8.50, lol
Frank, I think it would not make sense to do a PR tomorrow as it will more than likely lose a lot of punch going into a long weekend. To me it would make more sense to do a release Tuesday morning. Just my opinion though.
So right subs, and with just a little more patience it could go substantially higher than that. Right products and right time.
Timberrrrrr. UHHHHHH. Regrowwwwwttttthhhh, lol
Bubblr receives Notice of Allowance for US Patent Application
https://www.globenewswire.com/news-release/2021/02/03/2169106/0/en/Bubblr-Receives-Notice-of-Allowance-for-U-S-Patent-Application-Covering-Internet-Based-Search-Mechanism.html
I have been holding this stock for quite a while and a year or two ago I posted a possible theme somewhere for an advertising campaign which I still believe might have merit.
Start out by flashing scenes of people in creeks panning for gold. Suddenly someone yells out "Eureka" and the camera pans over to him and in his pan are several cans of Kona Gold with the cold stream water dripping off of them. At that point the announcer simply states something like "Go for the gold, Kona Gold Energy Drinks"