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another good sign...
no wants to buy or sell at these levels....hope there is some $ pending to break out...
They are moving promptly - good sign
shares...no action ...no one knows....both good and bad....
but if the team is prepared...then when time is right we may see a real push forward
It would be terrific if they could get enough support to go larger exchanges, but they have quite a bit of work to do first.
The benefits are more investors, higher visibility, credibility and raising more money for the company. The requirements include deeper reliable reporting, higher share price and total cap values.
Good move - I'll get real excited if we begin to see steady interest , steady increase in bid, and steady flow of smart news.
I can't really buy in unless we see commitments coming in at .03+ , real break outs with volume.
My guess is they don't retire all of those, but some may be transferred, restricted or retired.
I am hoping it is close to the figures reported and we wind up with float under 15mm and OS under 50mm
sort of random - but they need to keep this tight or will be unable to create value for them and holders
like the last push...dont think there are lots of shares under .03++
we are in new world....
great to see the tightness...but blind as to the underlying biz and where they position the shares...but the current suggest they want to keep it tight...
Agree
Just hoping they set a great foundation for them AND for current holders
With good biz plan and support $ could be a gem
Well a good start / but
Leaves 680mm that was claimed in the PLAD release to be additionally retired?
Now maybe they restrict - retire some more ?
I guess this leaves 750mm out?
Still not great for a company with no rev.
Float will likely explode.
Can be managed and still good...but needs either tight shares and /or serious business with backing ....
If lots of shares and a business that will be ' in the future' ... all forward looking .... then a huge hill to climb
I did reach out to old mgt...
and was directed to the releases - which claimed the retirement of shares. There was a comment of 'pending close details' which i took to mean some small latitude but that the bulk of shares would be retired.
I don't have a clue if anything is binding on new co or what final arrangements finally came down.
Key things to look for
Share integrity - the releases commit to retiring the bulk of shares (800mm+80mm) leaving a great foundation. The Kona CEO comment about awarding shares to kona holders is an open faucet. If mgt monkeys around , and self awards mm's of shares or gets into position needing another RS then this is just another PS loser.
If it keeps shares tight, commits to shares tight and minimal dilution then an investor friendly situation
Biz plan - if biz plan includes real markets , goals and short term ball in the hoop accomplishments / scale to attract growth investor interest then great. If a concept without practical attainable steps that show meaningful rev it won't matter since it will be to small or too far off ( like Plad was)
Resources - do they have means to survive and grow without killing the shares or stalling growth
Mgt / board - do they have an experience team and are they connected to experience and chosen market
IR - is mgt committed as stakeholders to current common shares? Do they have connections and experience to manage the market value to really grow
Ethics - honesty, transparency and reporting - needed to really succeed
A tall order .... but if they are clicking on most of these then we may see a real return
Correcto....
Most at .01-.015 pre split , then averaged down after.,. Grabbed quite a few under .01 post split
Still in HUGE hole...
Too many!!! 325k plus a cert for 50k
Well let's hope you can be rewarded for 30 years of rough sailing !
Not quite as long, but lots of pain here... not sure abort this new adventure but keeping hopes up
The key for me is shares - will most those shares be retired? If so a path forward
Mikko
i hear you ...but dont get your interest. You only post negatives, wonder why you didnt sell on last run up.
I agree there are holes here - but it is too soon to make judgements (imho)
They can produce niche products with outlets and grow quickly....but yes very competitive space.
we shall see.....should be clearer in a week or two
But yes....be nice if a clear solid path to a growing co and $
OTC UPDATE
at least confirms it is happening
Now changed on OTC >
Business Description
Elev8 Hemp LLC is a newly formed company that plans to bring to market a new premium hemp seed coffee blend. Sipp Industries will be exclusively providing to Elev8 Hemp "proprietary hemp ingredients" for the development of their new hemp coffee brand. Elev8 Hemp Seed Coffee will be the result of the blending of roasted, organic hemp seeds with roasted, organic, Fair-trade Mexican coffee beans that produces a premium, delicious, full-flavored hemp seed coffee that does not leave a bitter after-taste. Elev8 is also working on Hemp Water products as well as supplements that will focus on the Health and Fitness markets. The Company is in the process of requesting a name and symbol change.
from news release - new ceo
...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."
One week following...we are down 50%...not one item updated on OTC, on the elev8 web site...nt evem a post on the news?
Really open and holding ....but hope they are serious and know how to execute...and have an eye on current share value...
be nice to see some publc follow up....
the web sites have not changed, no news posted on either site about development...OTC officer and contact info not updated...phone number is message of old plad mgt for listing devices...this is simple stuff....
Shares tilted to sell's....seems some support but not till under a penny...not a sign of enthusiasm from insiders and mgt or any..
Too many unknowns to feel this is going somewhere.....hopeful and holding....but wish they had a fast moving PR plan in place....
closed down 25% today on a single sale at close....
any light at end of tunnel....
seems the asks are growing?
I'll feel a little more comfortable to see selling dry up and new $ come in , as well as thesis for market and operation
He was the CFO of previous co.
I am more interested in products and market experience and plan
To anyone
Looking at this some questions
Elev8 handle is used by many. I seed elev8 kids, seeds, marketing and more. Why would the company use an already in use name if goal is to stand out.
Products - everything seems to be 'will be'... is there anything in market?
Market study, supply chain, beverage market experience - how to get in stores fast?
Is water a part of this - this seems easier then the coffee? The nutrients are great - seems even simpler then coffee?
Kona does beverages - why not combine all? Why break out coffee and maybe water ( no mention of water in release).
What dies membership interest mean- is that all this is?
Hopeful but need a lot of background to see this soar
New CEO
was CFO of Kona hird in March 2016
Charleston, SC March 31, 2016 /PRNewswire-FirstCall/ -- Kona Gold Solutions, Inc. (OTC Pink:
KGKG), a premier lifestyle brand of exclusivity and status, has been actively searching to fill the position
of Chief Financial Officer (CFO) and is happy to announce the Company has hired Mr. Ryan Medico as
its new CFO who will join its management team immediately.
Mr. Ryan Medico started his financial career with Rosen Hotel and Resorts and has been working with
public and private companies for the past eight years. Mr. Medico’s responsibilities as CFO will include
preparing the companies quarterly reports and annual reports, implementing operations and internal
controls for Kona Gold as well as managing all of the Company’s financial book keeping.
“It is with great honor that I can announce that Ryan Medico has accepted our offer to join Kona Gold as
our CFO," stated Robert Clark, CEO of Kona Gold Solutions, Inc., “Mr. Medico brings to us over 8 years
of high level financial experience and we feel he is the right fit to assist us in taking Kona Gold to the
next level.”
Robert Clark continued, “Mr. Medico gives us the ability to manage our finances properly and
professionally. He will make sure that our financials align with Sarbanes-Oxley requirements so if we
Well mikko we are just along for the ride now .... hard to be more burned than a bio-char company that never existed ...
Lots of questions here... for my part hopeful and wanting to here from mgt....
Bid kept strong at about .013 today...
I'm hoping we get back moving again next week... that new co has plans
Patience
Need to hear from company - about shares, products and plans.
Web site is good - sales unknown , how raw are they , how advanced is advanced planning, how strong a beverages product marketing team do they have.
How will they manage shares. They comment on getting to larger exchanges, need to get a lot higher then we are now.
Lot of trader dumping from last days....may regret !
web site
http://elev8hemp.com/
From release -
"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 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."
just depends on their plans and real situation
well ...not what i was hoping for....
this looks like a to be developed product which Plad owns the marketing to?
The source of hemp comes from elsewhere , and coffee is purchased elsewhere, manufactured by?
Not sure i get it
It says deal for premiere hemp company in its filings
Hemp may not be a pure MJ play but related and also a hot field and may be both
186000 shares traded
This is about 7% of float
Keeping an eye on real vs reported out
I can't see bids - but the drop to .016 and continued pop up volume sitting on lower ask seems off
i saw some offers in the mid/upper .03's yesterday that did not fill....
some shares to blow through....may need news and volume $ to push through...
Big spread...the bid at .0225, and no sellers....something needs to give
The mgt seems to be south east / NC, SC, FL etc
There are a couple of active companies in the area
Great news is part of this insane election is an expanding hemp / mj legal status
A recent poll - 60 % of the population supports legal mj
The opportunity is a real mgt, with resources , and experience .... this could be .50 or .05
Exciting !
Looks like we don't break out today....
But bid has moved up day to day
looks like we see shares dangling in the .04,s - .06's
may jump....still no one selling
what's interesting is how tight this remains
been bidding for a few days no fills...the .04's and .05's may wind up being cheap soon....cant see level 2 volume....but clear no one selling even in .02's ....only moves on asks
I do believe the DD
But have seen all sorts of evolutions in all sorts of plans both big boards and even more in PS.
So I plan for what I can figure and then account for latitude and ''contingencies' .
The DD - if they drop a thriving premiere hemp co, that is making money, w plan and market and execution savvy would suggest a cap on relative near term of 3-5mm and could be much higher
Based on that assumption of total effective OS of 10mm then we look at .30/.50 value. If twice the OS then still incredible upside.
All a total speculation until we see company, closing numbers and projected biz - but potential is huge.
.05 seems very reasonable prior to filings next week
All imho
Sobek
My back up protection calculation includes a large margin for share 'adjustments' as the deal finally unfolds - including considering if the verbal agreement with 'Ian' of 80mm does not happen
Let's look at
OS of 100mm
Float of 15mm ( totally random)
.05 x 100mm = cap of 5mm ( still tiny for real premiere co
Again this is NOT based on anything other than a what-if scenario, but goes to how amazing the opportunity is....
in either case retail or inside - doesn't look like any coming free.
As mentioned I focus on cap (since many times a gazillion or a few shares in PS)...
IF they do all they report to do
total OS of est 8-10mm out - then .04 is only 400,000.
We could see this and 5x10 times that if the company is real....and then STILL have a ways to go
These guys have set up a great situation....again IF....