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It would be nice to think so.... but all under wraps at the moment
Leading up to the acquisition we traded over .03 easily.... much higher volume.... my hope is this quietly retraces and then explodes from there...
But need
> cap aligned with opportunity
> share retirement and disclosures all transparent - a clean foundation
> a real product with means and resources to launch
I think they are working on all.... seems a good bet right here
Not yet...
The OTC still shows 750 mm OS, but does show a VERY tight float of 4mm.
How much restricted and for how long? Who knows?
The key item for update is what they do with filing claim to retire 800mm + 80mm shares as part of acquisition transaction.
Hoping they can do something close to that when dust settles... and then we could be very well positioned for company launch ... could easily touch the recent .03 and more.
Yes,
i also gauge by the total cap....if they can get the OS under 25mm or a cap at .01 of 250k then we can really build.
Of course if you drop in real products, revenue and acquisitions along with board or notable HR resources that give substance right away then a new picture.
Excited to see what the real picture is when they are ready to release and launch
Interesting - the shares are updated and include float
Share Structure
Market Value1 $4,928,124 a/o Dec 16, 2016
Authorized Shares 900,000,000 a/o Dec 13, 2016
Outstanding Shares 746,685,396 a/o Dec 13, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 3,972,190 a/o Dec 14, 2016
Par Value Not Available
This is a good sign....if it remains this tight and they retire - this will again explode up on product, new list sign and other news
Mikko
i thought you said you sold out?
The transfer of Director CEO roles seems to be happening. I note this on steps on OTC. You can now see Mr Medico's name listed.
I am not sure how to judge who owns stock -but the filing stated that as part of the transaction that 800mm (in Scott's control) would be retired, and 80mm retired (the 80 had the verbal commitment by another individual noted). Still in process....we shall see.
I dont think listing what has NOT been announced is constructive at this point...still 8 weeks into transfer and new company formation.
My feeling is we will see some daylight in the next few weeks - certainly into the new year. There is lots of financial work to be done and hope they get this done once and for all....looking for them to retire the shares indicated in filing, transparency for investors, and the roll out of business plan and products.
For me there is possible very big upside....and think good to give team some room to work ....then assess.
Happy Holidays :)
Agree - feel good about team
Just hope they are able to get share structure in control and cleaned up (and retired as much as prudent and possible ).
And hope the product is in hand - too much future 'to be' contingent stuff will drag.
But we could see this explode up if team can manage
Looking forward !!
Phineas, I don't have private emails here....thanks for your input
500k plus all sells
Not sure what to think ... the reported float WAS 2-3mm.... but clearly many more out.
This was SUPPOSED to be cleaned up by former mgt... but clearly not.
Unless shares retired this will be hard to support
Hanging in....
While frustrating to see weakness in value and signs of the share retirements as well as roll out of launch actions w plans ....could also be huge opportunity .
If the company acts on all key value items then we might very well see this back well into .02-.03 pennies and more.
Now asking .0075... bid .0055
Way to go Elev8/PLAD ..... announce the acquisition .... then walk away
Where is CEO...? Anyone home?
Lesson on how to take a small group of excited shareholders and drive them away ...
What happened to fast moving, share retirement , moving to larger exchanges?
OTC is not updated
Really such a wasted opportunity time , easily managed with just a little IR
This will keep going south unless they step up.... what a shame and waste
mikko
dont agree...been following Kona as well...and they are making progress.
I dont see this being de-listed at all. The mgts invest $ to list and report, and think they would not have taken these steps if no plan in place.
That said I am concerned about the shares...this will determine the value...we have yet to see a filing post acquisition news. This will show the real structure and potential
RECENT SHARE - DILUTION?
The current is the current listing for elev8 on OTC
Share Structure
Market Value1 $7,840,197 a/o Nov 30, 2016
Authorized Shares 900,000,000 a/o Nov 30, 2016
Outstanding Shares 746,685,396 a/o Nov 30, 2016
NOTE - end of October after retirement of 200mm there were 686,685,396.
This is a 60mm or almost 8% added shares with no notice/
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 2,154,029 a/o May 24, 2016 - This is not likely going to hold one the filings come out
Par Value Not Available
It seems they have ALREADY diluted after retiring shares?? The last PR showed a reduction of 200mm shares. If the company does not honor the first basic claim in the PR of the acquisition, and already dilutes then we will be very very hard pressed to move forward. Kona trades at .003...and has a similar structure (unless we retire shares)....and Elev8 has not even started biz yet.
I hold lots - eager to be positive...but was surprised by this...thoughts anyone?
RECENT HISTORY
PLAD 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.
>>> THIS IS KEY AND PART OF FILING DETAIL ABOUT ACQUISITION
RELEASES
"We are extremely excited about the sale of Elev8 and feel this could be a great opportunity for our shareholders to be vested in two fantastic companies," stated Robert Clark, CEO of Kona Gold Solutions, Inc. "Elev8 has a tremendous business plan in place and is ready to implement that plan. Following the transaction, we plan to issue our shareholders a dividend from the shares of the purchasing company used to purchase Elev8. Furthermore, this may help Elev8 obtain the funding necessary for its projected growth and launch of multiple exciting products."
THIS WAS A STATEMENT BY CEO OF KONA - UNCLEAR WHY HE MAKES THE STATEMENT IN LAST LINE (RATHER THEN CEO OF ELEV8)
"This is a huge step forward for Elev8. I would like to personally thank Kona Gold Solutions for all of their help and look forward to our continued partnership," stated Ryan Medico, CEO of PLAD, Inc. "Now that we are officially our own company, we hope to attract investors that can help with our rapid growth projections. We know that there is still a lot of work to be done but we hope to continue our growth to larger exchanges and use this momentum to propel us at a fast rate."
FAST RATE...LARGER EXCHANGES - IF THEY RETIRE THE SHARES AND HAVE SOLID PLAN TO MARKET COULD BE HUGE. IF...
ROCKLEDGE, Fla., Nov. 1, 2016 /PRNewswire/ -- PLAD, Inc. (OTC Pink: PLAD), a newly formed company that plans to bring to market a new premium hemp seed coffee blend, Hemp water products and supplements that will focus on the Health and Fitness markets, announces it has retired Two Hundred Million (200,000,000) shares of its Common Stock.
UNCLEAR HOW THIS FITS WITH THE TOTAL SHARE RETIREMENT STATEMENT IN FILING - PERHAPS THIS IS JUST FOR THE DIVIDEND AND THE REST OF THE RETIREMENT TO FOLLOW?
No way to know....could be great....or if they don't retire shares....another PS stuck in trips...
I really dont know....my perspective is and was based on the filings and share structure...
my cost average is even higher from past...no word and have no contact with current mgt....and they are being silent.....too silent
also looking for guidance , updates, biz plan, word from new mgt/ceo....
can still be good , but clock is ticking
well that was interesting...100,000 at .003?
thoughts?
Now .009 by .01
Hoping the team steps up here soon....
Since so few posters and not sure who is being referred to with amateurs who complain and dump while wanting it to go up....
I have held a long time and looking for a real company with real progress and a PPS much higher then this. No interest in selling down here.
My points as stated before are reasonable - and while i am patient, that we have not even gotten one statement from CEO, who is not listed, is a concern.
I get small co growth, but transparency is key. It takes very little to keep holders informed , via web, short welcome statements, etc etc.
But not a seller
Mikko
I share the concern but disagree on some points.
I don't know kgkg is having issues, the yellow flag may be due to the dividend or other changes. Elsewhere the CEO has been clear that transparency is a commitment. My point is I hope to understand why this sale given similar business , and the value / share comparison
I also don't agree that the named appointment of CEO to Elev8 is necessarily inexperienced. His resume seems to be heavy in finance. Unclear as to experience in managing a new start up. But can have good team and be fine - just no word.
My note is that he is not listed in OTC (previous CEO from Plad remains). Perhaps due to waiting till all aspects of acquisition are done
My note / observation about businesses is they seem to be almost in SAME business...and want to understand the rational for splitting off.
Also looking for the share retirement. If there is significant dilution on the float then public share value will be stuck .
As just posted it is only 3.5 weeks. But it is now 3.5 weeks without a introduction, clarification on points and statement by an independent CEO however brief.
The 200 mm retire was great... but it won't matter if the rest doesn't follow.
The slide in pps rather than higher in anticipation of new symbol,news, biz plan, company launch and share retirement puts a cloud over this (for me). Should be building strength not only seeing suspect mm'ers on bid and ask.
Sobek...what do you know about kgkg...
I looked at it...it shows a yield sign...and its share structure is
Market Value1 $1,328,273 a/o Nov 15, 2016
Authorized Shares 1,000,000,000 a/o Jun 30, 2016
Outstanding Shares 359,965,449 a/o Jun 30, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 62,031,197 a/o Jun 30, 2016
A little scary as the language about products is about the exact same as Plad/Elev8....we trade at 8mm value and they 20% of that. They show less OS then us UNLESS mgt follows on the retirement of shares.
I am uncomfortable now with the too close association. Do we have an independent mgt? Who?
Do we have a product, or an idea. Why did they break off water and coffee since they are also a bev company?
I have a large legacy stake here...and want and hope this to succeed, but its time for some independant mgt to speak up and clarify the statements on filings and current plans, resources and abilities.
Hoping so
The set up is great.... IF ... shares are managed well, the company expresses a shareholder friendly policy ( non dilutive w/o real biz net plus plans).... real now biz plan to scale, and transparent
Too many PS get lost messing this up... I am eager to hear from CEO, and remain positive
The old CEO is still listed
Don't have private messages here - only public
Still see selling , but organized when you look at amount... lot size etc
Still have huge opportunity with name change and product roll out... but worry about share structure .... kills so many companies
Watch the MM Participation on the L2
Specific market makers are often utilized by certain dilutors. Here are some common retail dilutors that traders have identified :
ACAP, AGIS, BAMM, BMIC, CHIG, CLYP, FANC, FRAN, JIMK, MAYF, NATL, PERT, SACM, UCAP, VERT, VFIN, VNDM
Seeing mm'ers on the ask buying shares with no positive action is a bad sign
Need company input!!!
dreary....not great action...more shares hitting bid...,
I think time for a follow up...We have not heard from CEO. In fact the old PLAD contact is listed as acting CEO as well as COB, no one new......possible Issues with acquisition,,,,with new CEO,,,,?
No notice of filing for new symbol, and no follow up on retirement of shares or status of products or just letter of intro to shareholders about future and prospects (and fundamentals such as shares)
Hopeful , but this can still go either way...not great to shareholders guessing 3-4 weeks after a release about acquisition.
Digging further into this
prior to securing the LOI with Elev8 Plad had about 8-10mm out and 2.5mm float.
Leading up to the acquisition they issued 800mm plus 80mm.
The 80mm were free trading. The 800 were restricted.
Then when acquisition happened that also included the following statement
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.
The full dilution at that point (pre retire)
Common Shares outstanding: 886,685,396 (as of 9/30/16) - NOTE the retirement applies to these shares - leaving the compnay where it started with about 8-9mm out
*FLOAT 82,154,029 (as of 10/10/16) NOTE - if you see that they issued 80mm to Ian (above) with the commitment these would be retired - leaving the 2mm + float
It is confusing - but the simple way ti look at it is that they issued those shares with the plan to retire them. The 80 mm might be some sort of floating leverage - but agin the note indicates these will be retired
If you follow it carefully you see where it winds up with the tight situation. Of course new co and thr two PLAD mgt mentioned need to execute their statements. As of now 200mm have been retired
we shall see!!
Because no one really knows enough...
The shares are very tight... very little interest or available at this level.
Caution about moving up the bid until the value picture is more certain.
Foremost is the statement in the acquisition filings to retire 800mm shares and 80mm shares from two Plad officer holders. This leaves a share structure of about 8-10mm out with float of 2-3mm.
Right now we show 690mm out ( after retiring 200mm). Float 'apparently' still 2-3mm. This feels true based on very tight trading and spreads, but...until all settles hard to know.
Why important ? Are we a company with cap value of $200,000 with 10mm shares out @.02? Or are we a company with 690mm out with cap of $13-14,000,000.?
Additionally is an evaluation of how far along and realistic the business and operating plan is? We don't know. What is the real experience , ethics, and resources of mgt? We don't know.
Also Kona , the parent of Elev8 , has an outstanding statement to give its shareholders a share dividend from transaction, which given the above would likely come from re-issued shares.
New CEO has yet to speak apart from brief comment in the acquisition release. Interestingly he states there the desire to move to stronger NASD exchanges.
So why bid low? Caution with too many unknowns. Also premature given releases and pending.
The current tight float will likely remain tight - but again likely they will use shares for operating and will issue. How many ? Hard to say. If a strong ethical serious team ( we have all experienced PS bs) would make the company stronger to implement plans ( hopefully not just line pockets).
My speculation ... if they honor the stated share retirement , and let's say reissue 50mm or even 100mm for dividend and operating, would set the stage for company value at 2mm (100mm @.02). Then roll out a realistic biz plan of scale, with aggressive growth in hot market you can easily see this 5-10x higher.
All just idle speculation , but reasonable risk for huge upside IMHO.
The next filings and releases will begin to paint the real picture.
looks like a few shares to be picked off at .024.....my guess is there may be quite a few from last run that could come free between .02 and .035...
on last run i did a couple of test market buys and filled significantly lower than ask
but think it may be tighter now
so maybe another 10k buy makes it .08 lol
need to see volume to really get a sense to where this is....seems all selling has dried up at the current bid levels...
In todays Times
an article about a company that is selling MJ products and beverages
Todays NYT's
nytimes article
...'Dixie Brands wants to navigate complex
laws in multiple states to sell its marijuana-infused
drinks and edibles beyond Colorado.'...
...'The company makes Dixie Elixirs, bottled beverages infused with THC, the psychoactive ingredient in marijuana. It also makes THC-infused chocolates, drops and topical lotions. All are sold at licensed recreational pot shops and medical marijuana dispensaries. Low-dose “awakening” and “relaxing” mints containing five milligrams of THC (half a serving) are among the company’s top sellers. Most of the company’s revenue comes from Colorado.'...
http://dixieelixirs.com/
Sobek
I agree and have written this basic assumption based on the company's filings and statements
Good to share thoughts with company even if minimal response
Looking for insight into mgt and board, real status of products, biz plan, new symbol, share retirement , etc
Lots upcoming - and if smart group and really retire shares, we could see huge moves in near and mid term
Now that the legalization trend is speeding up certainly!
But that is what the website says. Hard to know potential without knowing if they have team or savvy to ramp up and market, manage a biz of scale
I think IR is in process as they only just added tab to website. Right now only email address - no name
The website says they have 3 focus for business, health waters, coffees and health supplements or products
All 'to be'.... so hope they clarify where they are in plan.... idea , or soon to market etc.
Small but consistent signs...
The elev8 web site now has an IR email. There have been other small edits.
One concern for me - or hope - is that with respect to planned products that all the 'will be' language quickly evolves to actual offerings with respect to products.
Well ... guess I spoke too soon
Zzzzz
really a lot of attention for a company that hasn't even launched yet....that is a great sign
yes , but not moving up yet....
my theory is that old holders need at least .03-.04 to motivate (really even more),,,,even new buyers on run up need .025+ for a flip....
the RS last year put old holders averages way above this and unless they averged down or unless just looking to bail will need higher prices.
The trading over the last 12 months shook out most who wanted to bail....so ready for a new group to step in
Yes , got a brief email response , no details just a refer to release and that busy with tasks at hand ( without detail)
Still looking for some basics
Websites still don't reflect 'news'
OTC still lists past mgt as board/CEO
Looking for an introductory ground floor road map from new CEO, next step shares, and updated site
Agree
Need to give a few weeks for this to unfold... but would feel stronger with more visible $$ support and interest out there...
16 shares today....not quite the mo tha suggests others looking at this....
but early...still name change,learn about business, and retire more shares (at least per PR)....
Like to hear from the CEO and team.....
I agree, but an open question is how market focused and savvy the group is... the previous co, Plad, had no visibility , no investor interest for a year.... just stuck.
The situation needs to be marketed , hope they have the team/ experience