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Nice buying volume today = Bullish
Solid buying at the .014 level today. The worst might be behind us, announcement could come any day that takes us back to .04
#fakenews
25k share at a time, keep building that stake!
Happy Holidays!
In the eye of the storm...
Quiet day today, can't catch a bid or ask. Seems like everyone has gotten their positions locked in now, next is for Peng to drop the hammer (figuratively & OTC literally)!!!
I'm guessing they don't want to have to. They want K Brim to give up on his frivolous suit so they can quickly get this merger down. Getting the courts/government involved will always take longer.
Trade Deal Failing, Merger Expediting...
IMO, I would think Peng and Gerpang want to wrap this merger up before all trade talks completely disintegrate into full on trade war, especially given the Hong Kong vote by the senate.
They want this merger done to access US markets and financing, and need to do it before a new round of tariffs or regulations block it.
Big news is coming at any moment now!
Yeah I'm confused by this as well. Did they file it with the SEC but not OTC somehow?
Based on $6-8 million in revenue next year, that puts us right around a 7 price to sales ratio right now. Monster is selling at 7.8 Price to Sales right now.
KGKG stock is fairly valued here and I'm looking at anything at 6 cents as a great buying opportunity. This industry is just starting to take shape and Kona is setting themselves as leader. More distribution coming, More sales coming, Regulatory will continue to pave the way for massive growth, the share price will reflect that soon.
Those shares will be eaten up soon!
Gerpang posting merger news on their website has to point that this is serious and a done deal IMO.
Looking bullish!! Share price has held up well through this dispute and now we're seeing the light at the end of the tunnel.
New Highs beget New Highs!
Hold on tight
Keeping Current for a reason...
Our fearless leader Peng isn't playing around here. This is a mega merger in the making. 10-Q keeping the stock current and verifying who is the rightful owner. Only a matter of time before KB crawls back into his hermit hole of shame and this dispute is resolved.
If Gerpang is $140 million revenue a year, Outstanding Shares of 136.8 million... Well I don't have to explain that even without growth premium, this is a $1 Stock!
Requesting regulators to do their jobs!
Q3 was unfortunate given the credit card processor issue. I'd estimate that was $200-400k in revenue lost. It was a setback in many ways, but this is a one time special cause and not part of the norm.
FDA is feeling the pressure from senators who know hemp is a boon to their state economies and those senators will get these regulators to give guidance. Just a little reassurance to resellers and you will see Kona Gold's on the shelves at all your local supermarkets.
Sure is quiet around here...
With you, holding long and strong. Looks like we're turning the corner with perfect timing for Q3 results and Q4 projections to be released. Company is set up for long term trajectory higher. We will never revisit 6 cents again after earnings release.
Keep at it Konanites!
$33 million accumulated deficit...
Peng and Gerpang won't walk away from that easily. That is straight tax free cash to the bottom line.
Let's learn from SBES...
Read this first: https://www.otcmarkets.com/filing/html?id=13357860&guid=c4tSUnejEdzusyh
I'm sure Xu followed the same method in acquiring HDII. I imagine Daniel Sobolewski purchased HDII from Robert Brimmer on May 24th. This company was dead with no activity for the past 4 years. Sobolewski waited the 90 day period which I'm assuming any disputes over ownership must be filed before he sold his ownership to our fearless leader Peng. The filings start flying and Peng has this merger pretty much buttoned up with a bow on it, until Brimmer the obvious scoundrel his record shows decides he wants more money. He attempts to claim ownership by filing with the OTC Markets and State of Minnesota that he is CEO. Hence, here we are today.
But the main difference here, in the SBES case, Xu made the mistake of having bought the company while the past owner was still considered a director. (Look at the dates in the 8K filing above). This is what led to the lengthy time to resolve. KEY THING HERE, it was resolved! Much trickier situation than HDII and he still proved that he was rightful owner.
This HDII dispute is so frivolous and the fact that Xu just went through this same situation with SBES 2 months before acquiring HDII. They learned how to do it right this time around.
Hold on tight folks, it is only a matter of time before you are a proud shareholder of a multi million dollar company that is improving peoples lives around the world through state of the art medical advances!!
Quiet today...
Hope we get something official from management soon.
Lemmi, you cover LV? I frequent Roy's Liquor to stock up on my Kona's. Cheers!
100% Agree. Cheers.
No honor among Thieves.
I'm still holding for PR for real direction.
I want what's best for HDII and Gerpang as well.
But let's be honest, why the stock dumped today is because if this thing goes to a lawsuit, we're now on government time which means years to resolve! Xu has a better chance at finding a different shell to merge with Gerpang if that's the case.
There is no public record of a lawsuit. There has been no PR suggesting anything has changed.
Look at the records, Kenneth Brimmer...
http://pa.courts.state.mn.us/Search.aspx?ID=200
All quiet on the Western front.
Not many deals taking place this morning, everyone knows news could drop any minute now. Still holding long and strong, I think we have a bright future ahead here.
The silence is a killer, but know that we will hear something within 2 weeks.
Good times ahead, just hold long and strong, Konanites!
425 million shares traded in last 100 days.
Any coincidence that we've traded right around the same amount of shares owned by Quantum Capital? And that we've lost nearly 50% of value?
Nope. This decline has been purely a short term investment fund that cashed out from .00001 at .06-.14 and moving on. This is how the business works and good for them to help RC get here. But, getting Quantum Capital out of the way is the most bullish thing possible for KGKG.
Long term thinking is in place now. Preferred shares out of the way. Building an impressive corporate core of leaders. Distribution booming with larger and larger deals being signed each month. Don't forget the connection to Anheuser Busch and Kroger, just one news release away from multi-million dollar deals.
Sounds like a winner to me!!!
Just like the dumpers said...
Market must be shrinking like they say. Competitors releasing new products in a scam market. Market is definitely not growing based on this news. We should sell our shares like the dumpers say.
Riiiiiiigggghhhhhttttt. Market growing and Kona has a great foothold. Hold long and strong.
Buyout? Merger? Acquisition?
Something very uncharacteristic about the silence from KG since the end of September. I believe something big is in the works...
No volume pushing prices.
Weak action today. Big shares waiting on the news. Hold on tight.
CBD is one of the very few topics that has bipartisan support. Politicians see the potential benefits for their states and their pushing on the FDA will continue.
FDA has to answer soon and it better be positive, otherwise FDA officials will find themselves being questioned hard on capital Hill. CBD is a cash cow.
Ice, 50% moves is just part of the daily noise in the penny stock world. If you can't handle it, best you go buy KO.
1.3 Million Shares Bought...
In the last hour of trading today. Get ready folks!
Here is Quantum Capital Group:
Kona Gold is registered as a Delaware company. So, Let's start with a Delaware Company Search of Quantum Capital Group. We find that it's registered agent is Rocket Corporate Services.
Who is Rocket Corporate Services? Let's do another search to find it's registered agent is Paracorp Incorporated located at 2140 S Dupont Hwy, Camden, DE.
After a quick Google search, we find this website:
https://www.parasec.com/
Paracorp or Parasec helps set up new businesses. My guess is RC used their services to form the original company and stock. Payment was in the form of preferred shares as a new company is cash strapped. Now that the stock finally broke out, Quantum Group converted and took their exit.
Their exit is a blessing! Quantum Group is for penny pushers and they filled their role. Kona Gold is on track for dollars. The runway is clear now for lift off!
VictoriaK & stockvaper thinking like future millionaires! Agree 100!
Preferred Shares Sold Out.
Since our August high and subsequent fall, the preferred shares that were converted have been cashed in. It was painful but we've reached the bottom.
Management is incentivized the same as us, the shareholders. They are shareholders themselves. They have left well tenured and established positions to join this company and accepted stock as incentive to do so. Why? Because they know the potential that is here for something amazing.
No early stage company is hiring new executives because reorders are cratering and the trough is drying up. This spring is just starting to bubble up with a gusher coming soon. Hold on tight, 6 cents will be a tenth of where we are a year from now.
Your response proves you have no idea what you are talking about and that you are just a naked short about to get fried... Extra Crispy!!
FDA Guidance on CBD just around the corner, this is the catalyst to engage for liftoff...
https://www.marijuanamoment.net/hemp-regulations-will-be-issued-within-weeks-top-usda-official-says/
Q3 Sales Report hasn't come out yet, everyone getting impatient and worried... Good numbers will cause this baby to run big... Bad numbers, well, it's already falling off a cliff
Exactly... Buy and Hold on this one