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Ha. Even with the heads up, it still make my heart drop a little when I saw TDA had over 6 figures in dollar value removed from my account early this morning. It resolved once I refreshed though.
It was this (as shared by Renee earlier this week):
KGKG: effective April 23,2021 Kona Gold Solutions Inc. will change to
Kona Gold Beverage Inc.:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
I can do both now. But it removed all my standing orders that were GTC status. So I had to re-submit those
Good call
High five to that. That’s a great email from a loyal shareholder. You expressed concern, while not saying anything that should be found offensive.
IR should be able to answer most those questions reasonably. Hopefully they don’t ghost you; that’d reflect poorly on Kona.
Sums it up very well. To me, it seems like the Lemin acquisition was the only thing Clark had ready back when he was saying there’d be a lot of updates coming for KGKG in 2021. Need some muscle to back up that hype
Very reasonable. Got to spend money to make money.
Thanks for the conference call updates everyone. Was too busy with the 9 to 5 to be able to log on
That’s amazing!
Wouldn’t 350% from $189k be $850k? Since you have to multiply by 4.5 (not 3.5)? Or am I doing math wrong here?
Either way, that’s extremely impressive. Especially if they can maintain that monthly number and grow from there.
Nailed it Frank
Bid support broke down again. Sub $0.02 starting to become more of a realistic possibility
I hear you. I can’t even get investors relations to respond anymore. Asked about their relation with one of their companies that they PR’d about, and why the local stores of that company quit carrying Highdrate. After 3 weeks and a couple emails, still nothing. I know they get a lot of emails, but it shouldn’t take more than a couple days to respond.
Very disappointed with what’s happened with Kona since spring of 2019. Shareholders have taken a brutal beating to add to it.
Bitter truth
Hit $0.0275 exactly. Where for you the person who called that? If so, excellent call
AB was advertising up here via signs. Those are gone now though.
Pretty sure one of the Chicago distros had a billboard on the interstate. But that distro doesn’t do Kona anymore from what I’ve gathered.
I did notice Kona has a twitch user promoting Kona. She has over 10k followers. Nothing crazy, but reaches a bigger audience than the bass angler. So I assume that’s a move forward.
I like seeing L2 with a tighter gap as well. Bid side and sell side both have plenty of MMs. This equates to more interest. Could be a sign of consistent volume incoming.
You don’t want to rely on it though
Do work. The clarity provided in the filing last week showed a pretty good roadmap for investors. Going to be a fun year for BZWR
Agree. Pretty sure trade shows are the archery/shooting tournaments. Which probably doesn’t reach too many people
If my numbers are correct, Friday was the highest dollar volume for BZWR in one trading day.
They don’t even advertise to begin with. Need to start there. Only promotions I’ve seen them do is from their social media accounts, which simply don’t have enough followers. And also, the archery shoots or bass fishing tourneys they did. But once again, a very very small audience.
This is amazing. I think BZWR has a solid rest of 2021. The financial report provided a lot of clarity with the shares, and now they can continue to ramp up business.
Another great thing about the share details is seeing how many different sources were used. Have a lot of holders is better than one or two giant financing partners who could control share price by themselves.
I’m a huge fan of this set up.
** and I hope other members of the board don’t confuse myself searching for clarity on details as being bearish. I’m fully bullish. But that doesn’t prevent this investor from doing research :)
This is what I was referring to. The financial report that was released on 4/15/21 goes to show that indeed the shares were not reg1a shares. And they were issued in the $0.01 to $0.04 range. Not the $0.1325 range as was suggested previously.
When you say “company profile” are you referring to AGP’s company website? There’s a lot of services they offer there. I checked it out last night. Impossible to know what exact service Kona could have used.
As far as the OTCQB Certificate, it clearly says to “Please describe the services provided by each third party provider listed below.” And for the life of me, I cannot find the description of those services anywhere in the filings.
Some may not care, but I do. Giving this company 1/3 our annual revenue is significant to me. Is this going to be a recurring theme? What did they do for Kona? Knowing where the money goes, especially in times like this when we got knocked on our butts... well, it’s something important. Especially if the certificate requests those details, but yet Kona did not provide them.
His pricing was different from the other, so it seemed slightly odd to me. He only accounted for the last 250,000 block. And it came at a price of $0.02 vs the others for $0.0259
But at the same time, I think they included him as a vendor for this particular instance because if you do the math (2,993,243 X $0.0259) + (250,000 X $0.02) = $82,525
And that’s exactly the amount of money that was converted from accounts payable into the exact number of total shares (3,243,243) as stated in this report.
There are “cash” conversions on 1/21, 2/5, 2/16, 2/17, 2/19, 2/22, and 2/24 that are for the exact same amount (250k shares) and price ($0.02). But those are cash conversions, not debt settlement.
So I’m assuming Keehn’s block of 250k shares in this report are considered part of that vendor settlement. The math and share issuance description add up perfectly.
You said that. Not me. And it was incorrect
Either they’re withholding some information there that they clearly are supposed to disclose, or they accidentally left it off and will have to re-file that certificate. Either way, not ideal to me as a shareholder.
They were converted at the end of 2020 and prior to the first trading day of 2021. The share price as of closing on 12/31/20 was $0.0259
They were converted at $0.0259
So it was exactly the price of the stock. Just for clarity.
To follow up on this:
I’m not a fan of section 7 of the OTCBQ Certification not being fully complete.
At the end of the instructions for section 7 it clearly states in the last sentence to “Please describe the services provided by each third party provider listed below.”
All they list is the company name (Alliance Global Partners) and address.
No description of services provided.
So this OTCQB Certification finally answers the question of who AGP is.
AGP = Alliance Global Partners. Investment Banking. 590 Madison Avenue. New York, NY
They were listed in the S1 Use Of Proceeds, as receiving $100k of the $1M raised from the S1 shares. It’s under disclosure schedule 4b. Search for “alliance” and you’ll find it. They received $100k then for a consulting agreement.
I guess they consulted Kona to pay them another $60k in February and another $200k in March. Curious what all they’re actually doing that deserves $360k. That’s over 1/3 of Kona’s revenue from 2020
If my math is correct, only ~12M shares lose their restriction status and become unrestricted from now until New Years Eve. So that’s very reasonable.
Kinda like what I’m seeing for this year. Could be a lot of fun, even if there is any sort of short term pullback. Still looks very bullish long term to me.
Looks like the random $0.03 example was actually pretty spot on for that set of shares.
And to note, the rest of the shares added last quarter were issued at $0.04 or lower.
At least they’re restricted.
They almost always do after hours for financials. Been that way since 2016, based on my memory. PRs in the morning, financials in the evenings.
Curious if that 1.75M on the bid at $0.0300 will move up with the share price, or if that bidder only wanted that particular price
Very true. And not just cause of Covid though, but simply because anybody that wants to can easily piece together most the revenues based on what’s already been released. So nothing “bad” should be surprising on any level, imo.
The down side should be baked in already.
Very true. That’s a large money long term investor. Which I don’t think anybody doubts.
Any downwards (short term) price movement is not due to those shares directly. It’s a combination of things like the previous run simply cooling off, the additional financing details yet to be delivered (imo a reason for lack of bid support), any pump being completed, etc. All pieces of the puzzle.
If you’re on the sidelines and contemplating investing anything significant into BZWR at the moment, I’d believe you’d want to see all unknown details involving recent financing. But maybe that’s just me.
Huge fan of BZWR. It’s been a breath of fresh air for OTC stocks. I fully expect everything to look fine and dandy when they release the details.
Recent history would make me guess tomorrow after hours. Hoping that isn’t the case though.
Who said they’re screwing shareholders? Details to these agreements could have been made prior to the run.
Sorry if any of you took my questions as me implying Rhett is screwing anybody over. The entire premise was following up from what Diana initially brought up a couple weeks ago, in relation to the new shares issued. Trying to determine details around these new shares, and get a better understanding of the situation. Diana raised a valid point, and it’ll be nice when we see the information behind these shares. Whether an investor intends to buy/sell/hold based on those details is their own choice. I simply know that I’ve had great success playing the trading game around share issuance details; regardless of my long term outlook on a company. Done it with both OTC and big boards without much of an issue. Just have to know the details first.
Do we know for sure that they raised it at $0.13? Based on what I’ve read, we don’t know yet. Pretty sure Diana was the first here to mention how it didn’t add up, and then the correspondence back from the company said they’d address it publicly later this month.
If we know the share price and the amount of total $$$ raised, it’d put this conversation to bed.
Tbh, I’m concerned with all of it. If prioritizing for start ups though, I tend to focus more on how shares are handled. Because that usually has bigger implications on share price until revenue can take off.
If it does, it could get ugly for a moment