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.
Oh, and for the part of “why would YA want to drive the price down”:
It would only be because they want to unload shares. So it’d be their willingness or desire to sell and lock in profits, instead of sitting back and watching retail sell under them. It’s not hypothetically that they “want” to drive the price down. It’s just that they would hypothetically be willing to do so, to ensure that this venture is a profitable one for them.
Notice how the bid support was very weak today, and CFGN accordingly lowered their asking price to the lowest they’ve done to date.
If the bid support continues to be weak, it could create an ongoing scenario like we saw today. We are still way ahead of their average cost. Anything above a penny is profit for YA, based on the numbers at hand. I’m not predicting it’ll get that low, but it’s something to be aware of.
It’s possible that my posts are entirely off base, but I’m just calling it how I see it. And based on the filings, everything supports what I’m laying out. I hold a lot of shares here (millions), and I wouldn’t be saying anything off base just in hopes of driving price down. Only trying to help other investors.
If RC can follow through with these deals that he hinted about, it’ll go a long way. Many of us still have bad tastes in our mouths from a year ago when he PR’d insight towards a deal with a big chain down south, only to have it fall through.
I can try.
It’s just to lock in some sort of profit.
They received over 100M shares for $1M investment into Kona. The average price would come out somewhere around $0.0095 per share just based on the raw math. Kona paid for most, or all, of the fees per what I read through on the filings.
So based on everything that’s being mentioned: timing of CFGN appearance, their lack of a true value on the ask, the t-trades, the block trades, the increase in OS on OTC markets equating to exactly the difference in reported shares for YA from December to January, and all other trading activity; I think it’s a safe assumption to say that YA is locking in some profits.
They’re looking at a 200%+ ROI for anything they were able to sell prior to this afternoon. It’s very possible they were able to unload 10M+ shares, and return back $300k of their investment. NOT EXACT NUMBERS!!!!! I know how certain posters here like to try to nitpick every little thing that people type. This is just an example using my own rough estimates.
To me, the question has always been ‘how much faith does YA have in KGKG?’
As myself and another poster have shared, who have done our own research on YA’s previous funding ventures, they have a history of cashing out early on some of their investments. So this isn’t anything surprising to me. Especially considering that they get discounted shares for their money. But at the same time, I’m holding out hope that they lock-in some of their shares for the long run. Nothing wrong with profit taking, while also keeping a decent allotment behind as the long term investment.
Big question is how many shares, or how much money, is YA looking to move short term.
If they’re locking in a 200% profit, then yes.
Investors lock in profits all the time.
I’ll ask this, do you think they aren’t selling any? And if you believe Yorkville is sitting on all their shares yet and not selling any, what would explain all these block trades, t-trades, and the new MM that coincided to the date with the change in said market activity for KGKG.
Yorkville Advisors
I’d think they’d want to wait also. But their average cost per share is in the $0.0090s if my math was correct. So they’re getting good returns on anything they’re skimming off at these levels.
Perhaps the best thing now for us shareholders would be if Kona could convince YA to lock up their shares after they are able to cash out a certain amount that makes them happy with their position. But I believe that’s just wishful thinking, and all evidence now shows that YA is willing to drive this lower if needed to unload however many shares it is that they’re unloading. Assuming CFGN is their exclusive MM, which appears to be so based on everything seen up to this point.
Curious what the decoy is, if you don’t mind elaborating. I think I might be following, but not sure.
Also don’t forget about CFGN. As long as they’re driving the price down, nobody knows how far down they’re willing to go. There was optimism it would be $0.03. But that didn’t hold. I show they could take it down to just below $0.01 and still be returning a profit for their investment. Fingers crossed that they don’t take it that low though!
Looks like all of us who thought this was bound to that tight range from last week were incorrect. Nasty trading day today. Pretty much throws everything positive about last week out the window from that perspective. Hopefully $0.03 doesn’t become a hard resistance moving forward.
Very frustrating. This company has so much potential, and shareholders have been waiting for 1+ YEARS now for anything significant from the company. Personally, I don’t plan on going anywhere, but shareholders expressing frustration should be 100% understandable given the circumstances here.
I’m really pulling for that delinquent tag to be removed today. If not, that makes 2 tweets already this year that come off as misleading to shareholders. Twitter and social media is an excellent way to communicate when PRs aren’t necessary, but you also don’t want to be tweeting out things that can’t be backed up (ie, faulty timelines).
One concern now is that we might get a “sell into the news” due to all of these shares coming to market via CFGN. Ugh. Really hope that isn’t the case, but needs to be considered at this point.
Looks like we lost our tight range. Bummer.
Very impressive
I know! That’s what I was thinking also.
“middleman” in a AB business distribution decision
— I never said I was the middleman in their decision. I simply introduced them.
“Quite simply speaking, if AB decided not to do business with Kona in “your area”, the reason for them not doing so could quite possibly be because of you!”
- this is not true; and if you’re honesty trying to make this assumption, then that’s on you.
“Your posts hint that Kona screwed up a distribution deal on their own!”
- and I never said that either. I even went as far as to say it was NOT NEGATIVE
————————
Tractor, I hope this helps. I really don’t get your point in being upset that I didn’t provide the PR about AB distributing for Kona. Please do your own DD.
I know you weren’t around back when Kona was signing all of these deals. Maybe it won’t hurt to go back and read the PRs.
Good luck. I won’t be responding any more. Because I honestly don’t know how else to explain anything to you. Especially if you’re going to continue to add more and more baseless conclusions, like claiming I was the middleman in their business decisions. Or claiming that I was the reason things went south. I think it’s time to draw the line. I can’t help you anymore. Sorry man.
So you’re really asking another poster on iHub to provide the link to the PR of Kona announcing that they got AB to distribute for them? No, I won’t do your dirty work. It’s not that hard. Enjoy doing it yourself. Lol. Almost comical that I even have to type this out.
Why would I need to authenticate anything? I’ve bent over backwards helping this company out on the ground level. If you’re upset because I talk with people from AB, and I don’t share all of that info with you, then that’s your issue. Not mine.
Lol. You can’t speak it into existence. I know it hurts you that people don’t answer your every question, which there are usually plenty.
CFGN dropping below $0.03 now. Looks like they don’t like retail selling ahead of them this morning
??? Not sure what there is to respond in all of that. If you want to know the public info, just go read the PRs regarding Kona and the AB distros
Dude. You cried and cried and cried for a year straight. When it went from 4 cents to 14 cents. And just kept crying. Might wanna hold off on lashing out at other posters and getting pissy at them for being honest about their views.
100% agree.
I give Clark the benefit of the doubt, and believe in the long term. But there’s been some questionable decisions lately, and rightfully pointed out by many. The tweets are looking really ill-timed. No need to fire those off, and then have nothing to show for it 2 weeks later.
Looks like a couple people on twitter calling out RC for his lack of follow-up after those tweets to start off the year. Personally, I like to see that. Shareholders voicing their opinions on public platforms in response to the CEO probably go further towards getting results than a private email asking IR about stuff.
Both responses were civil also. But yet got the concern across.
They don’t really want to buy many shares. It’s to keep price locked in a zone so they can sell however many they want to see just north of $0.03
Watch and see how they move low anytime somebody sells something into them.
It’s good they’re doing that though. Because pulling the rug out would really sting.
Glad to see he went this route. This is an easy way to use social media if you need to provide info like this to your shareholders.
TD Ameritrade showing 40k shares traded already this morning. 2 days in a row with interesting pre-market movement
They’ve got a good opportunity to use their social media accounts to explain the Delinquent tag on OTC markets. I’ve seen many OTC companies use their twitter to explain stuff like this to shareholders. Curious if Clark will do the same. It’s actually a very beneficial way to use social media, and show you can be up front right away with your supporters.
Nope. Not going to either. Was a sarcastic play on all the complaints about IR lately
I would say somebody should ask IR, but we’ve seen how that goes...
Makes me wonder if they converted a bunch of shares to yorkville, and that now represents >5% of the total OS
My other pot stocks have been absolutely crushing it over the last couple months, and especially this week. Opportunity cost is a real thing, and has to be on the mind of a lot of Kona investors right now. I don’t see how Kona could think it’s a good idea to send those tweets out and then have zero follow through (publicly) as we sit here now almost halfway through January. I do believe they announce something this week; it’ll be hard for me to comprehend the logic behind Clark’s first tweet of 2021 if they don’t. The only answer I can see would be to try to create volume for Yorkville to sell into, and I really really hope that is NOT the case.
But it still seems to me like something is coming out this week. Just hope we don’t have retail dump ahead of CFGN and drive this down to the mid to low 2s again before that announcement drops.
Bummer. Hopefully that brings volume
Premarket bids above the close yesterday. Very good sign to start the day
The set up right now is superb. No denying that. A catalyst would really help, and should do the trick. You’d have the 20/200 moving averages cross also. Would love to see this happen with YA still on the sidelines without shares being moved into the (expected) volume
Idk. Would be nice to see it soon. I’d say almost has to be something big this week considering how they teased it. Shouldnt
say you’re rolling stuff out and then not have anything the first 2 weeks after claiming such.
Further supports the thesis I laid out on Saturday.
That’s probably the thoughts for most of us. And hopefully that is how they’re playing it.
Definitely hope that’s not what they were teasing about! Although I welcome any expansion for Gold Leaf, I agree that this would be a let down if it’s one of the big new things that RC was hinting towards.
Next breakout appears very close
I’m here! Love seeing CFGN off of L2. TD Ameritrade has them completely removed this morning. Which makes sense if that math I laid out Saturday is accurate. Hopefully we will hover around $0.03 until something is released from the company. Even possibly see a move up prior. Maybe not today or tomorrow, but in time. Assuming YA’s shares are now a temporary non-factor, and it allows retail selling to dry up at this level.
The way the company teased info/PRs, you’d think we’d see something fairly soon.
Dude. We’re cool. Tractor was the one who is fabricating that I had something negative to say.
Here’s what I said that got tractor sprung and he decided to quote and infer that I’m holding back something negative:
“Kona could have really took off in this area; I know AB was very optimistic.”
Tractor is creating a straw man fallacy. All I did was state the above in regards to Kona not lasting with AB here. If tractor, yourself, or anybody else thinks I have NEGATIVE inside info about that relationship is incorrect in assuming such.