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I posted the comment yesterday or the day before but anyone who is sitting on shares here, you really should give them until the end of the year.
If you sell now, chances are you'll collapse the share price. I personally could care less about the day to day, so that collapse is what it is, but for your own sake, if you're taking a write off, wait until December. It makes no sense to take your loss now, unless you NEED that money and selling at .20 or .25 gets you the amount you're looking for.
Why file the 2019 10K, if the plan was to go dark? Why file the NT10K if the plan was to go dark?
Seems to me they are still pushing forward, and will eventually get back to pinks.
Not sure what your average is, nor how many shares you have but my guess is you'd be better off holding. SOLI is an illiquid grey sheet, trying to sell even 100k will most likely drop it down a significant amount, especially since not as many brokers accept CEs anymore.
I'll probably give to the end of the year, gives them nearly 8.5 months and if still nothing then, I can take a loss to write of some of the gains this year.
I still think they want off the greys.
It's standard verbiage (see below). Really doesn't matter if they R/S or not. % ownership isn't going to change. If they up list to secure major funding for acquisition/expansion, then our ownership % will change, but it would happen if we up list organically too.
To think future investors will actually care about an R/S to get us on the NASD, is pretty naive, especially when the company is growing revenues, expanding markets, adding products, etc.
Now if we had to do an R/S, after R/S, after R/S, making it a habit just to keep us listed on the NASD, that's a complete different story. But that shouldn't be the case given the trajectory of the company.
HGEN:
In accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”), the Actions will not become effective until at least 20 calendar days after we send this Information Statement to our stockholders of record as of the Record Date. Furthermore, the Board retains sole discretion to implement or abandon Action No. 2 to amend Article IV of the Charter to effect a reverse stock split, based on its determination of whether effecting a reverse stock split is advisable and in the best interests of the Company and its stockholders. Therefore, a reverse stock split may not occur notwithstanding the approval provided by the Consenting Stockholders.
Some still want to hold on to hope that there isn't an R/S. I could really care less at this point.
I'm very excited for the next few weeks/months/quarters. So many catalysts.
I wonder if at this point they are saving any bombshell news for NASD. Going to be a fun summer!
Needs to break over $4 and probably be trading near $5 consistently. It's not a simple, okay we touched $4 now we can go to NASD.
Tough to keep a real company down. It's always short term supply issues, but once they are overcome it's amazing what happens.
Nice hod close.
Like I posted the other day, sometimes what is needed for a next leg is a pullback like there where all the folks who were blocking on the way up sell out of panic/impatience.
Chart looks awesome with the .05 support recovered.
As expected, the impatient sellers lose out again.
It makes sense on a per use basis in my opinion.
The model needs to be like the other guys in the industry, monthly subscription.
CHSO going to be a monster when the time comes.
I regret not buying more under .10 when I had the chance.
There is nothing stopping IALS on the chart. It can go as high as it wants :)
You also in CHSO?
Droopyeyes!
The guy that called it a pump and dump back in April 2020.
Haven't you made enough money to get your eyes checked yet?
Value is value.
OTC is not where people look for value. OTC is where people look for hype. Companies like ENZC which have higher market caps than KAVL with no revenues and lots of converted shares.
We shall see, I prefer NASD and if that means a small R/S, it doesn't bother me because this isn't an OTC type stock. Until you realize that, you'll continue to be scared by the R/S.
Would it though?
Look at HRBR. It generated $185M in revenue, nearly $40M of net profit and a $0.56 fully diluted EPS.
It's barely trading at 2x P/E, and almost a .5 book value.
Awesome financials don't move the needle as much as you want to believe on the OTCs because it's all retail. Retail would rather buy DRNK because it has hype and news coming.
You don't know that we'll get there.
OTC doesn't reward profitable/growing companies. OTC doesn't provide support/liquidity because the lack of institutional investors. So chances are, only a small percent of investors will see the actual value in the company and most retail isn't going to pony up the amount of $$ to offset the selling, like we have already seen.
Everyone got mad that shares may have been offered to get some eyes on KAVL, and now you think retail is just going to buy us up to $4.00 through word of mouth? If re-affirming $400M revenues for 2021, new distribution contracts, expansion to new markets, a new product, etc isn't going to get us the "hype" we need to get up to $4, then what will?
no r/s sets us in a much better light to future investors of all kinds
Nice buys! Going to pay off nicely in the future.
At the end of the day, the company's revenue/profit trajectory is going to tell us where the stock is going to go. Not if the o/s or float is too small.
If an institution wants to buy 10% of the float, it doesn't matter if the float is 20M or 600M, it's still 10% of the shares being bought and the price will act accordingly.
Still don't see what the concern is with a small R/S is, especially if it gets us away from the OTCs.
Should have held your shares, going to be a fun next few quarters.
Looks good to me.
I see crappypants over on stocktwits still posting and not knowing what the heck he is talking about lol. Didn't he sell all his shares at $1.00?
Where's our buddy ANTADOG? Guess when the stock goes up 60%+ in a few days you can't really spew nonsense.
I can't wait till NASD and new highs and record revenues. Maybe at that point they'll see how wrong they truly were.
Valuation is going to be limited on the OTC regardless.
Let's see what NASD thinks.
Many just need to ignore the day to day. We don't have the demand we deserve, so we'll be pretty volatile. If someone wants to buy 100k shares we'll shoot up, if someone wants to sell 100k shares, we will drop down.
Over the long run we'll be moving upwards.
FYI, the email looks to be misspelled on the OTC website. The release below is updated:
https://www.prnewswire.com/news-releases/kaival-brands-otcqbkavl-to-host-investor-call-and-provide-corporate-update-on-april-14-2021-301263531.html
Also, send them to me (If you want) and I'll include them in my questions.
Maybe the more times they see the same question the more likely they will be in answering them.
Good to see they weren't selling at all.
Some of these are pretty old so I'm assuming they are getting everything up to date for uplist to NASD!
Tough to say, highest volume day since March 3rd with buyers showing up at 3pm picking up over 400k shares.
I would think anyone who wanted to sell on that news, sold, but who knows. OTC traders are some of the dumbest traders, buying too high, selling too low, holding too long, not holding long enough, you get the idea.
Good luck getting shares, I'm sure there will be more buyers than just you at .03 and lower.
Let's be clear here, you said you'd like shares under .03, not that it's going to drop to .03 over the next 30-60 days. If you're going to hang your hat on that, then, go you I guess.
With that said, just looks like impatience to me. Volume has been light the last month or so. Sometimes what the chart needs most is a little reset, kicking out the people who were holding us back, allowing for new folks to take us back up.
At the end of the day, you just never know with these OTCs. I'll hold on to my shares.
We own shares in a top notch company.
Anyone who got spooked by a small R/S to up list to NASD doesn't know what they own.
I picked up more. As with all OTCs, they are turds until they aren't :p.
I don't flip for 20%. If I wanted 20% gains I'd trade big boards which have limited risk.
I trade OTCs for the exponential percentage gains. I hold shares up 24000%, 14000%, 12000%, 1300%, 1200%, 900%, 800%, 700% etc.
Flipping for peanuts is fine, just not my type of trading. If CNGT goes back to my average, that's fine, not all are going to go up 10-100x, but just a few of those big ones will offset any losses.
Good luck to you.
I didn't buy .10s. I bought some 6/7/8s to add to my shares under .01
How about you?
You shouldn't be. Truth might hurt, but you'll get better over time. Lots of plays been running this year.
You like to whine, I like to laugh at you whining. Too emotional to be a real trader. No wonder you never were successful.
Keep in mind, this "trader" was pumping CNGT, and now has turned to complaining everyday.
My guess is he put all of his money into it and he's stuck watching other stocks go up while we wait here.
Not the brightest strategy, but good luck to him.
I think Bidi over the next few months is going to see a large increase in interest considering Puff Bar did not file their PMTA. As of February Puff Bar was #1.
That is on top of all our new distributors. Should be fun to watch!
https://www.streetinsider.com/Globe+Newswire/PMTA+VERIFIED+RELEASES+UNVERIFIED+BRANDS+LIST/17841880.html
E-Cig vs Disposable E-Cig.
Bidi is in the disposable market.
Does Juul even compete in the Disposable ECig space? They aren't even in the top 10 for sales.
It's funny to see all those people that were complaining/bashing/buyer beware the other day, now no where to be seen. Probably cause they sold at lows and now see it's up 50%.
It's so obvious where KAVL is headed, but new traders don't know how to do DD.
If you had a basic understanding of the stock you'd see how far off you really are. Maybe you should have never bought back in if the ups and downs are too much for you.
Out of date.
Read the financials.