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I was just throwing an example out there. I’m not trying to speculate either way what the actual price was, just stating what I view as the reason why there’s essentially no buying pressure lately. We’ve seen a consistent slow drop with minimal volume for weeks now. And this would be the top of my list as to “why”.
I could have used $0.01, $0.05, $0.10, $0.20, etc (instead of $0.03), and the same logic would apply. Just to varying degrees.
And that’s why I like to use the entire picture with the shares. Because there’s no way those 46M shares have changed hands yet. And if it turns out they’re financed at, let’s say, $0.03, then it would be of no surprise to me if buyers held off and allowed the share price to lower towards that number. I’ve seen it time and time again with publicly traded companies. And I’ve had a really good success rate trading stocks accordingly when stuff like this happens.
Hopefully they’re at a higher average. But if this is at a 2020 share price level, then it’ll paint the picture as to why this has slowly bled down over the last month+ without any buying pressure to hold the price up
Either way, I’d assume that’s the hang up. After all, it’s a pretty important factor from an investment stand point.
My personal opinion based on what’s been shared on the board is that there is a big unknown regarding the details of these new shares to market. That’s supposed to be addressed on the call, but until then, it’s an overhang. If those were financed at a lower price, then I’d expect the share price to test that. On the opposite, if they’re financed above a dime, then all is well.
My assumption is they’re financed lower, or else the company probably would have announced it already, since it’d be viewed as an immediate positive.
Which numbers with Lemin? They’ve been releasing Lemin’s monthly revenue in Q1, so it should be a given range already.
I had issues with my most recent purchase. But it wasn’t through Amazon.
Well then, wouldn’t comparisons to hemp companies be off as well??? It goes both ways. And I added the smiley face to show that I was being cute. Just FYI.
We’re a lemonade company now :)
And I didn’t predict anything whatsoever. So don’t want to get it twisted. All I said is that it (sub $0.02) is possible if we don’t see the ramp up in growth and Wawa doesn’t reorder.
More shares though
If they hit $4M in sales this year, I’ll be very excited. Looks like only ~$300 to $400k for Q1 based on their PRs, and that’s including Lemin - which made $900k on its own in 2019. We need to see $1M+ per quarter, but it just isn’t happening yet. And that’s using the press releases Kona put out.
My scenario is NOT the company collapsing. It was simply sales not ramping up (which has yet to happen) and Wawa not reordering. A collapse doesn’t have to be the cause of those things to happen; instead, simply more the same from what we’ve seen since 2nd half of 2019
I’d hope not. But if we don’t get the revenues ramping up, and if Wawa doesn’t reorder, it’s definitely possible.
Definitely like what I have seen here. Interested in how they outline the new shares. Would be nice if that’s funding above $0.10 per share
Thanks Diana!
Any response yet? If they’re avoiding a question like this, it’s not the best of signs to me
I’m very surprised they didn’t respond also. Especially considering I didn’t receive the entire amount that I paid for. One package was damaged and missing a Highdrate. My assumption is the USPS repackaged it, due to it not being a Kona/Highdrate box (like the other package from the order that was received without issue).
I also noticed they’re semi-short dated Highdrate. They expire this September already. Their drinks are 2 year shelf lives, so that means they’re still trying to move product that was produced in 2019... back when Kona was allowing the independent distros to ramp up movement of product.
As an investor, I’m not too pleased with any of this. Big reason why I like to purchase my product in person at local stores. But now, none of these stores are restocking Kona products, and the regional distributor mentioned they would “reach out to Chad”, who no longer works for Kona. So that points towards the likelihood that Kona has not been following up at all with Anheuser out here. Sad to see it fall off like that.
I can’t get a response from IR anymore either. Haven’t responded to either of my last 2 emails regarding damaged products and whether or not vapor maven still does business with them. Not a good look
How long does it normally take them to reply? This could be a pretty significant answer.
It spiked to just under $0.05 intraday on the day we dropped a PR that didn’t get released to news outlets until mid morning, and Timothy Sykes also pumped KGKG stock at the exact same time to his followers. Take it as you will. But those are the 2 things that happened that morning when the spike occurred
Any response?
Well played. Hopefully the sellers go get the 50% off items that are still on the shelves, and take themselves a break later this week.
At least we have somewhat decent (but yet still low) volume today. Plenty of shares being sold into the bid, but also plenty of restacking of the bid.
Plenty home on the sell side. Lol.
They launched it in January. It’s separate from the Kona, Highdrate, Storm, Gold Leaf, and Lemin sites; which all have their own.
There was a PR about it 1/26/21.
I check it daily; it’s where they announce PRs first. They still have the old Lemin logo and cans on it. Been hoping they update it to show the new ones.
Side note: Lemin has 2 websites. http://www.oohlalemin.com is the one we want to see being functional. Per Kona’s IR, we will be able to order rebranded Lemin cans once that site is running. They claimed it’d be up in February in an old PR, but that obviously got delayed. So I try to check it daily also.
Hmm. I’m not seeing anything different
Which website? Lemin, Kona, and Kona investor sure all look the same on my end
Rough and dirty numbers: I was thinking an overall monthly of revenue of $1M with O/S under 1B would put the share price moving up nicely (no specific goal for price). The large OS hurts, and must be acknowledged. And with RC only owning 17M of those shares in the OS, any dreams of a substantial share retirement from management is out the window. Therefore it’ll be hard to get a really big move again unless the float somehow gets locked up by retail (doubtful), or sales numbers really get moving up (very possible). That’s why PRs like today’s are so important, even if they don’t pop on the release.
And of course, like you pointed out at the end of today’s PR, any new and significant expansions/contracts for moving product will be a massive boost.
Still not sure why TD Ameritrade isn’t getting news from KGKG, but oh well.
Great to hear on the garden. Had a freeze here last night.
Also this, from Stineman in January:
“I look forward to helping expand Kona Gold's current Brands through LEMIN's national chain and direct store delivery ("DSD") customers”
Once we see this come to fruition, it’ll have add a huge boost for shareholders. We haven’t seen it yet, but I would imagine we should very soon.
Regarding revenues, if emphasis continues on gold leaf and Lemin, I think we need to see $500k+ per month. And then the potential $1M+ monthly revenue PR will really be fun.
Today’s was nice, but they need to unleash a full attack. Beverage companies are going bananas where I’m at. They popped up all over town during the pandemic. Zero issues. Hopefully new stand alone stores like that don’t kill convenience and gas station store sales. I don’t see it happening, but we definitely had a massive influx of stand alone beverage stores open up since Covid hit. And with great success.
What rumor?
Looks clean
Thanks for posting that. It’s a valid reason at least.
Good luck to you
Cant believe I have to do this, but here we go...
*** this post is for no other reason but to outline the math/numbers between last Friday and today’s volume and moves because it was requested by a poster ***
Background:
On last Friday, 3/26, we saw a low of $0.0321 on 1.67M shares traded. The previous close was $0.0336
Today, 3/30, we saw a low of $0.0300 on 6.63M shares traded so far. The previous close was $0.0345.
The volume difference speaks for itself.
The math follows. Note how I didn’t use the word “sell off” last week on the light volume.
For last Friday:
336 (prior close) - 321 (low of day) = 15
15/336 = .0446
That results in the lowest tick only being 4.46% below prior close.
For today:
345 (prior close) - 300 (low of day) = 45
45/345 = .1304
That results in the lowest tick being 13.04% below prior close.
13.04% is significantly higher than 4.46% regarding intraday moves. That’s the math behind it. I hope this honestly helps. Assuming there was actual confusion to begin with.
Thanks Teslonian. Your updates are beneficial. I’m very glad distributors are getting the rebranded product.
Also, on a side note:
IR was extremely fast to respond to me last week. And even sent a follow up email that wasn’t necessary; but very thoughtful and courteous.
Quick and honest responses are always nice to see. I didn’t like hearing that I still have to wait (an unknown amount of time) to get the rebranded cans and use the new website; but I took it as a positive that they were responsive and honest.
Correct! Today’s volume is over three times the volume we had last Friday. That was very light volume last week. And that’s a huge reason why I made sure to specify that I wanted to see the drop on the light volume. Glad you picked up on that ;)
Large gap light volume drops are completely different than sell offs with volume.
I was told by IR the new branded cans would launch with their new website when it becomes active, and for Amazon. Which has not happened yet. So I’m just going straight from them. I’m glad they’re getting the new brands out to distributors though. Would be nice to be able to order new cans via the new website anywhere. Especially since they initially stated it’d be launched in February
Why would I want to? I’ve stated time and time again about how I invest and trade around this stock. I’ve got zero desire to make this conversation one of those “why don’t you sell/buy” convos. Not my cup of tea. Seeing longs hate on other posters when they point out relevant items is sad. Leave that for politics.
I was referring to the one I was responding to. Every single person who has been here long enough to be considered a “long” has made their fair share of incorrect predictions. Myself included (easily).
Relax man. The board is for discussion. You talked up a 1.3M bid at $0.03. I said that it’s not that big of a size given the factors I mentioned. Not sure why you get so defensive when people disagree with you. It’s a message board, not a diary
Ummm. Don’t worry about what I’m doing as an individual trader or investor. This is why I try to avoid convos with you. If you’d keep it about the actual company and stock, instead of always changing the convo to be about when people buy or sell their shares, you’d find it that a lot more people would ENJOY engaging with you