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Quite astonishing. We set with an unrestricted outstanding share count of 7.6M.
A lot of Nasdaq stocks are not even close to that low of an OS count.
I believe we see around $4M in annual revenue for last year. Balance sheet seems to improve each year, maybe this is the year of a buyout or merger. Okay to dream, lol.
I think it is time to give this company a shout out on social media on a daily basis. The OS alone should be enticing to folks.
MC is a joke right now.
I don't believe KG is looking to be acquired but rather to build a stronger company. Maybe after they establish proven sales and strong revenue growth and better capital structure, a significant buyer could throw out an offer that won't refused.
Key Highlights:
Strategic Credit Line: The $5 million non-dilutive credit line will be used for production growth, market share expansion, and potential acquisitions.
Preserving Shareholder Value: The credit line is structured to safeguard shareholder value by preventing conversion into shares of the company.
Transparency Commitment: Management is fully committed to transparency and will keep shareholders informed regarding the share structure and any potential conversion developments.
Responsible Financial Stewardship: The new management team is focused on eliminating conversion possibilities within its control and seeking funding sources aligned with shareholder interests.
Not an insider, lol. But I did read their update again and I can see why folks would think KG could be the acquired company here. Interesting thought for sure
KG is not being acquired. KG is looking to acquire another company.
At least your not waiting on those trip 5's
Yea think maybe they are using some of that $5M in non dilutive LOC and maybe some preferred shares to seal the deal? I do
Think positive. Cheers to positive acquisition / merger news next week 🍻
News from KG X account!
Big news! We’ve sent an acquisition agreement to a company with yearly multi-million dollar revenues and are hopeful for a positive outcome. Exciting details via press release next week! Stay tuned. $KGKG
— Kona Gold Beverage (@KGBeverage2) March 8, 2024
Management has just started using X again. Social media platforms are a very important part of marketing
Support is around $.004, could be wrong, but I do not believe we drop lower than that today and hopefully we already touched bottom for the day
This is of the highest priority at current time IMO. Some of these notes are more than likely converting now and I hope so, because this share price is holding strong and steady. Dilution is not choking us out, if it is happening and that is very positive IMO.
An update from new management concerning the status of these notes would be great. This is the big gorilla on our backs right now, once most of this is dealt with and new management can steer clear of Mast Hill or any other toxic lenders this could really fly!
Navigating Prior Investments with Strategic Foresight
"According to the company's prior filings, Mast Hill holds a substantial amount of convertible debt. We will schedule a conference call with Mast Hill to gain a deeper understanding of their intentions, keep shareholders fully informed about their holdings, holding periods, and any conversion timelines."
Taking my chances on IINN now
I am out. Will wait for a dip and jump back in later this year
I think most know, All that one has to do is read and comprehend. Share price is doing great IMO.
Just stating what I believe happens next week. If we get solid acquisition / merger or even partnership news next week, based on how this is trading now, we could easily see or get close to a $.01 break.
Schumer says. Schumer is just a wind bag, does anything that he says ever come to fruition?
I grab a very small number based on my research with my own personal criteria. I have no time to babysit stock. At least until the winter months that is.
Most cases they suck, JMO
Reducing the AS may seem insignificant, but looking at a 5.6B AS vs 10.5B, is just a confidence booster. Just shows management isn't shopping for toxic lenders to issue millions of shares to, for convertible debt, moving forward.
Maybe they link up with Sprecher Brewing? Probably not likely, but anything is possible. They are just a few tables down from them at the SE Petro show. I believe that show ends today
I agree. If these guys can work a deal out with note holders to lesson the amount of dilution on CD, along with potential acquisition news, it will get very very interesting here the next few weeks.
Could be wrong but I believe there has been debt conversion the last few days and definitely today. But is being done in a shareholder friendly way
All good Pr's, the one I am tuned into is the potential acquisition / merger news of a multi-million dollar company, with solid management team, at some point next week.
"Furthermore, Kona Gold is actively engaged in negotiations with multiple acquisition candidates. These candidates are revenue-generating and profitable multimillion-dollar companies that offer synergistic opportunities to enhance Kona Gold's portfolio and accelerate its growth trajectory. Importantly, the company anticipates signing letter of intents and acquisition agreements with these candidates as early as next week. These acquisitions will not only augment the company's product offerings but also bring onboard seasoned management teams, bolstering Kona Gold's already formidable talent pool."
Good call. Could be heading to copper town, depending on what new management could negotiate with Mast Hill on CD. JMO
Maybe we find out next week
GAITHERSBURG, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) will host a conference call on Wednesday, March 6, 2024, at 5:00 pm eastern time to discuss the financial results for the fourth quarter and full year 2023. Emergent’s newly appointed president and CEO, Joseph C. Papa, will provide remarks.
Conference Call Information
Participants can access the conference call live via webcast from the Investors page of Emergent’s website. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call.
Hope we see better than expected earnings report
Actually, new management reduced the AS by a little over 4B, AS actually around 5.4B, just has not been updated with OTCM yet
Management is working with lenders. Not sugar coating here, but yes there is debt that needs dealt with. Hopefully they can work with Mast Hill and either extend these maturity dates or can keep them from dumping all at once.
What I was thinking. Talking multi-million dollar companies, generally mean we are talking about well established and experienced companies, whatever the sector they are involved in. In this case one would assume beverage / food sector.
Same here, except I did sell a few so I could ride free shares. It is not the norm to have long term vision in penny stock but for me, KG is an exception. JMO
Yes and it is climbing nice and slow. The best way for it to move IMO
Very nice update today. Acquisition news as early as next week and potentially with a multi-mullion dollar company.
Princella, must sample all available product, before deciding on what to focus on with Marketing. By the time she is ready to put a marketing strategy in place, she will have forgotten, what products she wanted to market, and start the testing phase all over again. What a hire!!! I sure hope her annual salary isn't in the 6 digit range
I am with you. Yea, kind of odd that we are not seeing revenue growth.
Cost of Goods Sold, Payroll Expenses and taxes, wipe out all revenue generated. What we have going for us post spin out of Artizen is a much leaner share structure with minimal debt. I don't expect much change in term of Net profit, JMO
Nice close to end the week here. Have a great weekend everyone.
Maybe when the Annual report comes out, that will be disclosed. At least it should be disclosed.
From what I gather, yes. Time to move forward, we don't know if Robert Clark is involved now. We know he is no longer holding a position with this company. Saying he has his hands in this now is all speculation.
Understand folks got ripped by former management. Time to move forward, new management, fresh ideas and a new approach to how to run the business. To early to throw the new crew under the bus, give them some time to prove themselves and their worth.