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Lol no worries man. It's an exciting time!
Haha, getting close to go time, anyone selling here is going to kick themselves for sure. We've held up very well considering the last 3 weeks in the market have been pretty red.
Page 9 of the below; I think we check off every requirement :D
https://listingcenter.nasdaq.com/assets/initialguide.pdf
KAVL got their OTCQB Certification today.
https://backend.otcmarkets.com/otcapi/company/financial-report/274017/content
Within the filing it states they have 2,270 shareholders!
Nasdaq bound!!!
Silly traders, green days ahead!
Who's the idiot that sold into the bid literally with no time left in the day. What's the point of doing that lol, could have left a sale at the ask and it would have been taken out.
Thanks for the link, good interview.
Another week closer to filings, NASD, additional distributors, etc.
Have a good weekend all
It makes up a large percent of my portfolio only because it's up almost 2000% haha.
I hate short term timelines cause they rarely work out, but long term this is a great one to hold.
Good luck to us!
I didn't realize 3/15 was a deadline, so thank you for bringing that up.
I think we are waiting on Q1 results, this patent deadline, and we're supposed to complete the NASD application in March, so it's going to be a hell of a month. It's pretty exciting and I think the chart showing consolidation at this point in time fits well with the narrative. All aboard!!
I think you're looking at it the wrong way and a very short term focused viewpoint. This is a company growing, they are claiming $400M+ in revenue this year, they are signing huge distribution deals, getting MMs to market our stock on the NASD and added a new product to our lineup within 8 months of being active.
The synthetic nicotine could be a home run for KAVL since it would be OUR product. If it's a one of a kind product then 50%, 60%, 70% margins are possible, so who cares about a 15% royalty. It's an investment, just like investments we take, there is risk, but the upside reward would have a huge impact on our stock, vs a $3M one time loss.
At the end of the day if you feel it's a risky hold here, then you trim your holdings or sell all. If you think we get slammed with dilution and the price goes down with it, then you bail. I haven't sold, and I don't plan on selling any due to all the future catalysts coming to the plate in the next month or so.
QuikfillRx is definitely an interesting agreement.
I remember looking closer at it after the first or second quarterly was posted. In the agreement they were allowed to get like 1% of revenue generated. When I did the math it turned out their share compensation matched almost directly to the ALL the revenue generated for the quarter.
My guess is QuikFillRx provided KAVL the initial distributors. There is no other explanation for it since it matched so closely to 100% of the revenue.
I sent IR a pretty angry email in September after the stock was beaten down for so long and this is the reply...
We did not approve those conversions to unrestricted stock earlier - nor have we issued any stock that is unrestricted
QRX is very important to KAVL and is paid per their contract - doubtful it will be that many shares again
The subsidiary Kaival Labs, Inc. is 100% owned by all stockholders of Kaival Brands Innovations Group, Inc. (you included) - not any one person
The cessation patents are far more valuable than you may realize - we know what we own and what are doing with it you will see
We still have all the financial tools at our disposable to take the company where we all want to be.
We are not a pump-and-dump company - we are building a profitable and growing business
We have solid business practices and we are adding assets and increasing our brand awareness for more new stockholders now
This is a marathon not a sprint and we only just got started less than 7 months ago
Our fundamentals will win out and we believe we have a very bright future ahead
You'll be able to find the details in the recent 10K.
Damn, was hoping we got rid of you by now.
What's funny is at a $10 share price, we're still under $3Billion market cap.
For a company that is expecting $400M-$1B in revenue their second year in business, that is very undervalued if you ask me.
RLX has been slipping lately but still valued over $24B or just about 50x KAVL's value.
Where's the mountain man. We have a green day and he's no where to be found? Hopefully that was him that bailed all his shares yesterday.
A 300 share sell with less than a minute left in the day lol. Some are really going to be crying when they see where KAVL goes in the next few months/quarters.
Not worried, it's all in the recent filing.
KAVL should get a response sooner than most due to the market share per Goldman's report.
"The agency also stated that the likelihood of the FDA reviewing all the applications by Sept. 9, 2021, is low. Because of the sheer number of applications, the agency has set aside the products with the greatest market share and will push those products through the process more quickly. “[We will] focus resources on products where scientific review will have the greatest public health impact, based on their market share, while also committing to providing an opportunity for review to all companies,” Zeller wrote."
https://tobaccoreporter.com/2021/02/17/fda-4-8-million-marketing-applications-processed-to-date/
They already said last quarter will be around 40M. Should start to see some strong growth this quarter with the new distributor and Bidi Pouch sales starting up.
Exactly. KAVL is such a rare OTC stock. You don't get chances like this very often, especially with a company that generates $40M+ a quarter, and estimates over $400M for the year, with Nasdaq uplisting coming, new distribution deals on the horizon, new products, FDA approval, etc.
To me, this looks like the big boys are being patient, waiting for people to sell to them. For the first 6 weeks of the year we averaged 3.5M shares traded each week. The last 3 weeks we've seen less than 1.5M shares trade and yet we're holding up pretty well. That tells me, next 3.5M share week sends this up to new highs.
Probably something about impatience.
Why don't you just sell?
What's your timeline on this? Great theories just wondering when we'll get the next puzzle piece or the completed puzzle.
I thought to myself HCMC would never get above .0002 with that insane O/S and float.
Needless to say I was completely wrong, and that's why I never say never lol.
Nice find. Same article with big boys like Altria and Coca Cola.
Lol, fair enough. I don't want people to dig up old posts of me saying something so I try to keep it middle of the road. I won't use the word never or guaranteed.
HRBR does look mighty fine though :p
Take it easy!
Please tell me you sold today.
Agreed.
Gaps don't necessarily need to fill same day, same week, same month. Someday it might fill, but I wouldn't bet my reputation on trying to time it.
Lol, yeah, you should sell man, you can't seem to handle the pressures of the OTC
Let's get back over .06!
If we can close mid 6s or even low 7s, next week should be a very good week for us.
It's just providing us information to keep us apart of the journey.
They are ticking off all the right boxes, and maybe they aren't material events, but I sure like being kept in the loop.
I can't believe we still have impatient folks here. What has the company done wrong in the last year? The company went from $0 to expecting $400M this year.
Some people are so ungrateful when a great opportunity falls in their lap. Everything is now now now.
Damn, was hoping you sold your impatient shares.
Sheesh, my 150k bid got filled instantly. Someone whacking like mad out there
Unless you've been following the story since sub-penny, nothing embarrassing about that.
The whole OTC got crushed today. We have catalysts here and we're pink current.
I can't tell you what to do, your bad decisions might affect the stock in the short term, but long term this isn't a $2.70 stock. Good luck with whatever you choose to do.
Why don't you sell then? You clearly don't see the company's trajectory. This isn't a short term or tick by tick stock.
Almost all time frames show that bottom is in for the next leg up. I'd be pretty concerned if we touch .03 or under at this point.
I personally don't think we'll back track, but who knows, really depends how many whackers/idiots we have here lol.
Just like no one is talking about how we traded under .50 for all of December. We knew it was undervalued, we knew in time it would change.
Just like now. $2.70-$3.00 is holding up great. Consolidating perfectly.
It was a very interesting gap, I have no complaints haha