Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That’s it? Not a good sign. That could be taken out way too easily. Hopefully it won’t, but that’s not that much considering it’s about a decent sized discount from prices we saw just a couple weeks ago.
In the last 12 months, there’s only been TWO (2) updates about Kona products expanding their footprint.
One of those companies took Kona off their website already.
Compare this to the progress that was being made in 2018 and 2019, and it’s not a pretty picture. The sales were dropping big pre-Covid also. And the company decided to move on from its focus with independent distributors pre-Covid as well. So when people mention management; yes, management is definitely part of the reason why things unfolded the way they did. After all, it is their company that they’re running. Why wouldn’t they be held responsible?
They can always improve, but they have to show it. Shareholders have given Kona months and months of patience. Where is all this great news that was supposed to be hitting in 2021? Already 3 months in, and a rebranded lemonade product that isn’t even rebranded yet is the only highlight
People can hate on you all the want, but you nailed this call spot on
To be able to retire those shares, they’d have to be issued to him first. I believe only 17M are in his current possession. The rest are what he’s accrued via his employment agreement, or what he would get from converting preferred. He needs those preferred to keep control of voting majority within Kona.
The most realistic, but unlikely, path towards share retirement is YA. It’d have to be a scenario where they retire a portion of the commons they (have/will) received from the S1. And that’s extremely unlikely also.
Best case for shares would be if YA just came out and agreed to add a multi year restriction to whatever they have remaining in commons (but not the warrants) that haven’t been sold yet on the market. This has happened before with companies. The note holder makes back their investment, and then shows their respect for the company and note holders by locking up their remaining shares. Which in turn, would most likely increase the value of their shares when they finally do sell them down the road. But that’s also unlikely.
Wouldn’t mind seeing it get dropped down a little more on this light volume
Either way, selling seems to have stopped. So went ahead and added some here with the price under $0.13
Is this good or bad? It’s awesome seeing BZWR flourish, but you also don’t want them unable to handle potential clients.
The KGKG iHub message board can be such a beautiful place sometimes
I didn’t say any of that. All I said is that you’re fine with it if interested in buying shares. Like I mentioned earlier, personally I’ve got 3 growth stocks I absolutely LOVE right now. And KGKG is one of them. If it, or any of the other 2, hit the “buy here” marks I have for them, I’m doing it. And not with just a small chunk of change either. None of it happened today. But I’ll be patient. Because even if KGKG doesn’t drop to my buy zone, I’m fine rolling with my 4M+ current holdings
Thanks Frank. Not too bad at all!
And Cab, you nailed it spot on regarding the monetary situation. Cost of living is going up, but annual pay raises won’t match it. Not even close.
Fully agree with that. And I do believe the small businesses have been a bigger focus lately.
Speaking of which, is there any way to know if Kona applied again? We know they got ~$90k last year if memory serves correct.
Meh. Not if you’re interested in acquiring more shares
You know what I do for a living. I’ve been in the middle of Covid the entire time. And even had a personal friend die from covid. So it’s not lost on me. But that doesn’t justify the extent that we saw the handouts. Simple as that. The future generations will be paying for it. And to be clear, it’s the corporate freebies that did most the damage, not the stimulus checks to individuals. Just check the ratio of money, and where most of that corporate money went last year. We had hospitals give it back (!!!) because they didn’t even need it. Just one tiny tiny example.
Right on! I’ve got a low end target on each of my 3 favorite start-up / young companies. Whichever one drops to the target first is probably where i go with most of my excess funds now. Since I feel comfortably invested in each already.
Covid was the excuse. But not justification for the extent of what we have seen; and yes, both administrative parties are guilty, along with the fed.
I’m a fan of doing well in the markets, but not because of excess inflationary purposes.
I actually really like this small cap pullback. Cashed out a good chunk of a different play before it dropped, and now looking to use that to reinvest here in kgkg and two others I like.
Cant wait until the markets start acting normal again. All this excess money that’s flooded the economies over the last 12 months has really messed things up from my perspective.
It was the Form 3s. We knew of all those ownerships already from previous filings.
Nice to see the Form 3s filed on EDGAR.
Everything looks spot on with what was already in the filings, but not sure why Paul O’Renick doesn’t have shares filed. Didn’t he get shares as part of his employment? Or is he no longer with Kona?
Follow up on the otcmarkets site not having March security details updated for KGKG:
The transfer agent, action stock transfer corporation, doesn’t have March security details updated for any of their clients the way it looks. You can see all the companies they service, and the first 3 I checked at random all had most recent update being 2/5/21
Could also be why they tweeted the following in response to a comment yesterday:
“Unfortunately, we do not have any openings at the moment. We post openings on Indeed when they become available.”
Via BZWR twitter today:
We have facilitated over 3,000 PPP loans so far! 1,000 of those are small businesses that are a perfect fit for our Scout product. They will be receiving Scout prepaid by the banks & SBA for 6 months! Great for small business & great for BZWR revenues! Lots more to come! $BZWR
Seems pretty important. I believe Fax mentioned this also on the board.
Side note:
I contacted HR regarding OTC Markets not being updated for the KGKG share structure this month. Konas investor department is aware, and they have opened up an inquiry into why this information hasn’t been updated in March (the numbers are sent to OTCMarkets via the transfer agent; not Kona)
I’m not too concerned about this morning. The entire move has been low volume and susceptible to a quick drop intraday. If we see 5M+ sell off, then it’ll get my attention. But for now, this just seems standard penny stock trading that you get quite frequently. Nothing changes here in my eyes
I’ve been very impressed with how this has traded since last week’s intraday spike. Could be in for a very nice spring
Any idea when the new site will be up and running? It’s one of the first hits on Google when searching Ooh La Lemin. Would be nice if it was functional for consumers
Which site did you have to order from? The new site didn’t have anything but the homepage when I checked yesterday
I’m going to order some online, but wanted to wait until the new website is working and new cans are being delivered.
I’ve been kinda skeptical of the Lemin transition, but it’s growing on me. Could be much more profitable. Definitely looking forward to seeing it help the company expand. As it already has.
Has anybody bought or received the new Lemin cans?
It’s the old Lemin company also. That’s odd.
I’m with you. Would like to see how it trades tomorrow without any sort of influence. A close above 4 cents without a PR would be ideal.
Lol. Well put. Much more for quite a few of us.
If anybody is part of a day trading community, they should post that video for them. Not only could they make a lot of money potentially by using BZWR services for PPP loans, but they could possibly invest in the company as well
That’s a solid interview. He hinted at a lot of good stuff. And interesting pitch to the day traders to help them get PPP money
I’d imagine they’d target Reddit before iHub. But would seem dumb and anti free speech either way. Highly doubt the SEC shuts down message boards. They’d probably have to eventually present their case in court if they do so.
Highest volume day since May of 2019. And it’s not even 2 hours into the trading day yet.
To further this, if dilution is going to continue to be a major concern, I’d sell at 4 cents and be done. But I fully believe the purpose of the notes are to expand the company. Which they’re doing. And once the hemp and CBD products get on these shelves, it’s only up from there.
I can’t see that happening, myself. But crazier things do occur.
The volume is a 10/10 level of impressiveness since the PR went national. If we can keep it up throughout the day, i don’t have any concerns myself.
And if Yorkville decides to cash in on some of those shares, that’s just less for the future to worry about.
It’ll be hard for me to be negative today now that they released the info to more than just iHub and their own website. That was my concern, and they addressed it.
Bill Stineman said in his initial comment (from the PR when he was hired / bought out) that he’s hoping to utilize lemins connections to boost Konas other products. We haven’t seen it yet, but eventually we will.
Personally, I expect that to really make things get going for the share price. Hope it comes during a time when people are focused on Kona and considering investing already. Today’s volume could provide a good set up for that...