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look at their web site
pretty slick and nicely laid out...now as head of marketing great for VATE
My guess is no
But we do have brand challenges , LOTS of elevate and related names out
Agree - fairly even trading, bias to sales
Support in .04.06 area is terrific if we can hold, set the stage for next leg up.
lol....Mikko your still here!!
Glad to see you but you don't think just goes in one direction? This is a start up, very promising for a change, but it will have ups and downs. This is likely folks trading, profit taking...you and I were here when this was .002!! so a huge move (not counting the tragic reversal prior)
I sold a little on the huge run up above .10, and looking to buy more soon. Holding a large core position for the long run. I see us at between .25-.40 in the next 18 months (could be sooner)
I still look for mgt to execute on some key points, share control, roll out, new product, show they can manage a national roll out. But all signs look good
Happy few know it now....
They need to put big pieces in place...
Marketing / brand / web (multi product)
Production and fulfillment
Operations day to day
Sales
IR / share mgt
They have this working on all cylinders but takes time...better to have time to make solid so not overwhelmed...
Right now the co and its first investors have supported the co to .05-.10 from .01....a big move....fine to consolidate as long as we can hold it above .05 (rough).
A price of .05 and cap above 25mm will help set foundation for other exchanges when time.
The run to .14 on tiny $ shows where this can go.
Buying small lots here
Agree we need to get some coffee reviews and sense of their plan to market to fully get this going.
The water should not be a huge challenge either especially if a health water and branded well....I hate the Hemp this and that....sounds like ditch weed and always tied to pot even as it is known to have great health non THC properties.
This is a marketing challenge and opportunity - if they have team to really see that it will soar. But they need to define and own the space....and fast. Low barriers to entry.
Hoping we hold .04 and set up for next explosion....
Vate , very long
Nerd away...
Just didn't understand ....hit again today....hope we find the base and start the next move...
and your point is?
I think the focus is fast thorough work on core product (coffee/water),. We should see some progress soon
Other noted products are within scope, but to follow
The same company infrastructure (sales, marketing, operations) will serve all.
Looking for share retirements, final transfer, build out of mgt and board, as well as roll out...lots under the surface
I own shares in both and building shares in KGKG on weakness.
Dont like the share set up in KGKG, but it has a product and committed real mgt and undervalued.
I bought it on its own terms - any VATE shares would be gravy.
I am not counting on a huge VATE payday from KGKG, each stands on its own. PLAD bought VATE for 200k for shares and cash. hard to say what this means in terms of shares - but we will see soon in coming filings.
Possible other cross ownership of restricted but still unclear.
In the short of it , both good co's with big prospects
Circling back to share retirements ...
The current evaluation $ is based on 600mm OS.... giving an aggressive cap value. However with float tight there are few shares out, and a great structure to support the cap and company value.
However IF the company follows through on the retirements outlined in the last filings... which could mean up to 500mm more retired ... then we may be set for huge gains in near future.
My feeling is we might not see the full amount retired , or if so retired and reauthorized , but still meaningful further tightening.
Speculation - if co reduces OS to under 250 mm and keeps float under 15mm , then a value of .20 is in the cards near term ( assuming successful product launch)
I would like to see third party reviews of the product and the sales and marketing steps that show mgt has the resources, contacts and ability to launch a national product, but every sign to date shows this happening .
Thank you - i did miss the middle para which outlined the first discussions of a potential sale.
The Company has begun discussions with another public entity for the proposed sale of Elev8 Hemp LLC. Kona Gold is in very early stages of negotiations in regards to the sale of its subsidiary but the end result would give Elv8 Hemp its own public company while Kona Gold Solutions, Inc. would still remain a minority owner. The management team for Elev8 feels this will give the company more exposure, potential funding and the ability to expand more rapidly.
Don't get your negativity - been asking sincerely - I DONT see this anywhere , sorry. I did look at Aug 5, and don't see release about this or any related language ( note again news on acquisition did not happen till later)
But you are right , this is meaningless / 'minority owner' is a term anyone could use who even owns one share.
In this case the number of shares has not been released - but what HAS been released is the terms of $200,000 k cash and shares ( total combined) outlined in the PLAD acquisition release. So assuming (just as guess) 75% shares would be $150,000 in shares - key will be at what assessed share value.
I don't see this - and don't find any release from Aug that touches on this.
The deal didn't happen and acquisition terms weren't released until October , as far as I can see.
I posted those on this thread. It is noted a dividend will be given by KG ( per joint release in October), but terms between the two co's are the 200k cash and stock (combined) for all interest in VATE.
Please just cut and paste the release or excerpt you refer to. Thanks
I am sorry - I just don't see that term used in any release
Can you copy the exact language with date and post?
Thanks
Not sure what release you refer to
Plad didn't acquire VATE till October
Terms -
ROCKLEDGE, Fla., Oct. 21, 2016 /PRNewswire/ -- PLAD, Inc. (OTC Pink: PLAD) announces it has acquired all of the membership interest in Elev8 Hemp LLC from Kona Gold Solutions, Inc. (OTC.PK:KGKG) in exchange for Two Hundred Thousand Dollars ($200,000), to be paid in a combination of stock and cash. As part of the transaction
-----
So a mix of stock and cash / we don't know the mix or value assigned to any share (at .006 or .12?) or other.
Woa - chill - NO argument ... just s VATE supporter 1st.
This is a VATE board. VATE is not KGKG. KGKG is a fine co, but its value and mgt stand apart from how shares may or not be authorized
from another company.
The VATE pr outlined the potential about product and development. VATE mgt is executing on all past commitments - gives credibility for future.
Coffee potential in Keurig, amazon, and national distribution is the reason for value, along w share structure.... as well as other products in the works.
I'm sure a dividend as well as cash is being paid out as part of acquisition... just sayin from VATE perspective good to keep as tight as possible
Nothing wrong with the dividend at all
Just want VATE protects the share floats and OS ( still many to be retired if in line with last filing ).
I have bought KGKG.... think it is undervalued. But it's share structure is not as tight so needs more revs and scale as well as product expansion to really pop
Wesley
not arguing - just stating facts - 'consulting' with partners on sales and distribution and synergies is very different from minority owner.
This will come out on the Q's and K's where we see the disposition of shares for Plad buying Vate, and the reported dividend for KGKG.
From a Vate holder point of view issuing the least amount of shares, or rather shares valued now vs when in the trips serves Vate shareholders - mgts first priority.
I have taken a position on KGKG as well - it is very undervalued, but from Vate point of view want to keep tight as possible and give up as few shares as possible
I don't think minority owner is quite right.
They sold VATE for cash and shares, and are giving some or all shares as dividend to kg shareholders.
The amount is unknown but given the amount vate was purchased for last spring and that they owned it for all of 6-8 mo I would hope not too many shares.
Key will be value of shares awarded. If awarded at today's value will be much fewer shares.
No still here, holding and strong , waiting to see follow ups but the support and trading is encouraging.
If they manage news with real accomplishments , keep shares tight, and work to get a clear growth plan to $ new eyes this will continue forward.
always seems to stall here....
you are welcome....
VATE has and is doing an exceptional job of methodically building its value. This before any product news and real roll out. The contrast with KGKG is striking. At .05 this trades for about 30 mm, and KGKG trades at 1mm (and it has product in hand).
Clearly a gap. Rather than a dividend VATE could buy KGKG !
But the key is the share structure - if VATE retires oer last filing (another 500+mm shares) and holds it float tight then this will right size. Both companies have pretty good prospects.
I only know what has been reported by both KGKG, Plad (formerly), now VATE.
PLAD purchased VATE from KGKG for a mix of cash and shares. KGKG also noted in a release a VATE shares dividend to paid its shareholders.
All this is in the releases about the acquisition.
It should be noted Elevate was purchased by KGKG within a year before...so not a long term part of KGKG. The CEO of VATE held a role with KGKG for a term as CFO.
It seems clear he has a strong and well formed vision for the company, and the execution has been rapid, and thorough.
I think the last steps are being finalized, I hope we will see more shares retired per the last filing, and the new staff , and board are fully installed. I say this as the previous COB is still listed along with the new CEO/COB.
KGKG dividend
need to get an understanding of how many shares this might represent. Also what value is associated.
This could range from where it began about .004, or to current levels?
Restricted or free?
Already reflected in the current - or to be newly authorized?
Current structure
Market Value1 $34,274,326 a/o Jan 06, 2017
Authorized Shares 900,000,000 a/o Dec 30, 2016
Outstanding Shares 646,685,396 a/o Dec 30, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 3,972,190 a/o Dec 14, 2016
The OS is confirmed by the transfer agent
The OS has been adjusted downwards to reflect the 200 and ?100mm retirement. There seemed to be an adjustment at the initial OS number from 886mm at the outset. Given the background of PLAD not surprising. Not sure if the last 100mm retirement is reflected in the listed OS.
Also there is still the pending resolution that per the last filing that as part of the Plad transaction that another 580mm may be retired. I hope they are able to.
The company would be in an amazing position to acquire another company.
The company is also is getting closer to being able to move to larger exchanges - need to keep or raise the .05 base and keep cap above 25mm. Not sure all the requirements - that was from a few years back.
In any case all moving in the right direction.
But no bidders....
Need some $ and volume ... to break through that level
Quiet, huge spread....
previous owner co kgkg seems to be on the move....wonder how much they are sharing resources...opportunities
any thoughts on how far along they are with products and team.
a lot to do and a huge market to penetrate...
Please provide back up to your claims.
You imply that some guys had dealings with the predecessor of kgkg, and kgkg which went on and is now methodically building a brand, sold its interest in VATE to again another unrelated mgt group ... and somehow this is tied together?
There are only two listed directors of VATE.... and your guys aren't it.
Seems maybe you were burned a while back ?
Thanks -
i do think this new mgt is serious and has big plans.
Hope they can manage the full retirement of shares (the 800mm+80mm) or something close.
That would set the company up in an amazing way.
In any case all moving ib a very positive way.
Happy New Year!
Penny
While moving in the right direction, the numbers as reported do not seem to line up.
Using the last filing OS (860mm OS) and subtracting 200mm plus 100mm in releases should have us at in low 600/ upper 500 mm shares OS (not 740mm).
Maybe some of the retired shares have not yet been adjusted into the report?
I have assumed there will be some adjustments between companies as all is settled but hope not 100mm's!
We are moving in the right direction, to really break out would be good for as much transparency as possible on values.
That represents about 15k of purchase...
seems we still have a few players selling from the run up, but still seems we have good support at about .032
Al in all a pretty good few weeks. The real action is coming, with new year releases and the company roll out.
Need new blood, market attention for the $ to go to break through and set a new floor.
Looks like all up and running today
Groove
great post - but wonder where the info re revenue etc comes from. Not negative - and happy to see - if the co is ready to launch out of the gate with channels, product and these projections then we will see us bust through the old highs...
The web site states
Elev8 Hemp Seed Coffee will be the result of ...
Elev8 Hemp Flavored Water will blend the ...
Elev8 Hemp edibles will be made with ...
If we come out with lots of 'will be's' this could stall....
of course if the OS is reduced as described then this alone could be the catalyst....right now the OTC doesn't show the last reduction (100mm)...and we need another 400mm to go (in addition to the already released reductions of 200 plus 100, plus 100mm)...
I hope mgt directly addresses all....
On the bid and holding!
Likewise and agree
Some weak hands coming out...
The huge full will happen when they retire the balance of shares....
OR come out with huge biz
But we won't sustain a cap of 40-50mm without one or both over time ...
But for early speculation this looks like a good entry after a little shake out
scenario
One way to consider what may be in store
IF they keep this tight , and drive the shares up to .10+, and a cap value of 25mm-40mm (assuming more retirements ) this puts the company in a great position to fill out the hollow value space with an acquisition.
We dont have to grow products to 10mm sales - we can acquire them and , again assuming the shares well managed, walk up both company value and shares.
I think those looking at this may want to think creatively on the paths to growth with a situation like this
My guess (assuming they retire all as detailed) is that there will be some issuance from what would then be 8-10mm OS - but this would be newly restricted for operating or acquisition by our new mgt.
But it looks like the float will remain very tight
From September filing
Item 4 - Issuance History
The Company issued 80,000,000 Free Trading Common Shares to Ian Reed DBA Investor Development. The Company has a verbal agreement from Mr. Reed that the shares will be returned to treasury.
The Company issued 800,000,000 Restricted Common Shares to one Individual. The Company is in the final stages of an acquisition and has entered a Letter of Intent (LOI). As part of the terms of the Agreement these restricted shares will be returned to treasury.
LATER IN THE SAME FILING...
C. Beneficial Shareholders
Persons owning more than five percent (5%) of the issuer’s securities as of the
date issued:
James Gaspard 500,000 restricted common shares
Scott Forsythe: 802,000,000 restricted common shares
Ian Reed DBA Investor Development 80,000,000 Free Trading Shares
Private Placement Memorandum
PLAD, Inc. will be offering a Private Placement Memorandum to Accredited Investors to raise funds for the Company. Management feels this is the best way to raise funds so its shareholders will not be diluted.
The Company has no current plans to raise funds using Free Trading Shares. The Company will use funds raised to develop additional products, acquire additional subsidiaries and help grow the Company to increase value.
The Company has entered into a Letter of Internet (LOI) with a premier Hemp Company. Once the fifteen (15) day due diligence period is up there will be a final Agreement put in place that will include a name and symbol change to better reflect the Company’s new direction. Also, Mr. Scott Forsythe will resign from all positions with the Company and return all shares to treasury.
IF THEY DO ANYTHING CLOSE TO THIS, (AND THEY HAVE TAKEN STEPS WE CAN ALL SEE ),- AND, ASSUMING GOOD BIZ AS WELL, WILL BE A GREAT VEHICLE FOR THE FUTURE
Does anyone know how developed their products are, supply chain contact, ability to scale , distribution or any deals?
They were acquired by Kona only a year ago... now splitting off.
Excited about prospects - but looking for cap value to align with actual business in some real plan
They seem to be doing everything right