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KEGS news. Guess we now know where all the money being raised is going.
Upon the execution of this MOU, pursuant to Terms and Conditions to be agreed upon, KEGS shall merge EVERMIND into a wholly-owned private subsidiary of KEGS that KEGS has held for not less than two years. Based on a $4,000,000 pre-money valuation of EVERMIND, KEGS shall invest a minimum of Four Hundred Thousand Dollars ($400,000 USD) into the wholly-owned subsidiary, now operating as EVERMIND.
I've heard debt is held by 3 individuals. Two are related to Tom and the other is a billionaire. IMO.
Ask them who owns the debt. Obviously it's not a concern for the time being. Company is expanding. Not contracting.
I've read they have 2 acquisitions about to close. They've raised at least 300 grand if you look at the amount of shares added multiplied by .0004/.0005. I'd put 50K of that towards Canadian distribution. The rest should be used for at least one of the acquisitions. Let's see what happens. I think news is very close.
If the company is finally laying off of selling shares, that means news is about to hit. Let's see if they drop something this morning.
Great day today. No big sells. The time to buy is now. News very soon. IMO.
The time to buy is now. Selling is done for the time being. IMO.
Time to load the boat guys. They are done raising cash. Now we take off.
It's a positive sign. They're allowing retail to buy and the PPS to finally recover. IMO. Now if they just raise the offering price up, buys should start coming in.
I believe it's time to start loading again. Looks like they're finally laying off sells. About damn time.
Only of they dump more big blocks. And they usually do it early in the trading session. If they leave it alone today, it could be a sign that they're finally done with the bank of KEGS shareholders.
No big sells today. Might be the time to start loading again. Maybe they wised up finally and realized that the bank of KEGS shareholders should be closed.
That's a good thing considering the 60 million share block dumps of the past week or so. Means they might finally have gotten word to stop it.
Sure they'll buy. But management needs to stop coming to the bank of KEGS shareholders first. No reason to buy if there's a 50/50 chance you can get in at .0004 or less. That's the situation that management needs to correct ASAP.
It's not Reg A either. Sells are going through at .0004. .0001 under the offering price.
They can bully because as long as 60+ million share blocks get dumped, who can say otherwise?
Exactly. To be at trip 5 is obscene.
So all of KEGS is a made up story?
It'll be harder and harder now. Especially with the OS growing.
Exactly. If you want to sell shares do it in small batches on the open market as way to ensure the PPS can go up. Get it out of the trips at least. And you can exert some control on the PPS from going down. Not so with the Reg A. Dumb.
It would be better to straight up dilute at this point instead of having that Reg A. At least with dilution the PPS can fluctuate and go up. Not so with the Reg A. Management is literally advertising the upper limit of the PPS. And is willing to add 3.8 billion shares at the fire sale price of .0005. Dumb. Really dumb.
The only thing management needs to do is get that Reg A straightened out. That's a boat anchor on the PPS for the most part. And the stock price reflects it.
I totally agree about the Reg A priced at .0005. If that's what management thinks it's worth, then it's reflected in the PPS. Why pay more? But the fact remains that retail crooks are the cause of it being here in the first place.
700 million shares in the grand scheme of things aren't that much. But combined with crooked scumbags does its damage.
Like I said, you can wish for lower prices to get more shares all you want but in reality you should be wanting the PPS to rise so others are buying in higher. It shows they have confidence in it. And you can end up with tens of millions of shares bought at .0002 but they aren't doing you any good if the OS shares are maxed. And the PPS sits at .0003.
Stock is not going up on anticipation. Crooked clowns just flip it at every chance then sound off on how crooked management is. Then what does management do? Add to the OS when they drop a PR. It's a cycle that keeps repeating. At some point management needs to do something different if they want the stock value to rise. It's not going to as it stands. Even on good news. I've never seen a stock not establish new PPS levels as the company released good news. There should at least some gains made as people buy in and hold. Not here though. It goes up 2-3 tics and then has it's legs cut off from underneath it. Rinse and repeat. They just opened a cannery, distribute in NY state, look to distribute to Canada, and have some acquisitions in the pipeline and where is the PPS? .0005 LOL. It turns people off to the stock in general because no one is going to buy if it takes a year to establish a new base at .0006. Especially when you compare it to other SILENT plays out there that aren't even in the trips.
If management is so desperate to raise funds and values their own stock at .0005, why should anyone else not do the same? Get rid of that Reg A. Period.
That reg a has got to go. Period.
Wrong. The OS shares are being added to by the company in order to finance its business. Period.
Ignore that crap. Bottom line is deep pockets here manipulated the hell out of it. Now we got management adding fuel to fire by diluting it. All of that needs to end in order to get this thing out of the trips. Otherwise I don't care what news they put out, it won't do anything.
You just might get your .0002s. Problem is the OS will be 6 billion and you'll be lucky to see .0004. They still have time to turn it around though.
No shares have been sold out of the offering. The dilution is management directly selling shares to raise capital. Problem is they're also killing momo at the same time by doing it. The PR yesterday was good insofar as informing investors. But did nothing to push the PPS up. And those two huge sell blocks from them defeated any chance of even a one tic gain. They should be mindful of it because when they do release some actual real news, they might turn off people to the point that the PPS doesn't recover at all. Especially if some big players are simply flipping it. They should really just focus on Canada for now and get the PPS up and out of the trips. Start advertising their product. And also do something about the offering and AS. The latter is especially critical TO GET CONFIDENCE BACK. Because it's quickly eroding here. IMO.
That might be pushing it. Let's see what acquisitions they've closed on first.
Nice PR. Canada is a go. One thing about KEGS is they aren't vague. And lay out actual names with whomever they do business with.
Bid size goes up at the same time. Now up to 206 mil.
It's set up for a huge run. Bid now at 205 mil. Ask still at 30 mil. A PR would send this up huge.
Rumor is acquisitions are about to close.
Ask now down to 29 mil shares.
11 mil taken off the ask. Now down to 38 mil from 49.
Take it to .0001 for all I care. What do the greedy sacks of shit get out of it?
Greedy sacks of shit still aren't getting .0002.