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.
How is this a pump? Should the Co not share news with shareholders? Legitimate news is not a pump, it’s informing shareholders.
If you put in an alert for “Kona Gold” you’ll never get an alert. You’d have to put in an alert for “Ooh La Lemin”, “Kona Gold” isn’t going into any stores, their lemonades are.
I agree with you 100% and am in the same boat. If they continue on the track of double revenue every year, this will be a great long term investment.
Great volume for a Friday. We’ve consistently have had green closes over the last couple of weeks. Hopefully this upward momentum will continue into next week. If the Co drops some strong news soon, it looks like we’d get back over a penny pretty easily.
IMHO, I think the sparkling lemonades have the best chance of becoming a big brand because there’s very little competition in the sparkling lemonade category. I think that’s why they are so focused on it and keep signing new distributors. I see it growing into a brand like LaCroix. Energy drinks is a crowded category, so that’ll be tough, but even a small slice of market share would equate to big revenue. I think Highdrate is a fairly niche product too and could do very well, but without regulations on CBD, that brand may take some time to build.
1.5 million share buy just went through. Someone hit that ask and knocked out that wall. Nice buy!
Would love to see this get back over a penny again.
100% correct!
Can you explain how? There’s no numbers or amounts, so how did you come to this conclusion?
Great summary, that’s how I’m viewing it as well.
Looks like we are uplisting to NASDAQ!! This could be big for the company and shareholders if they execute it properly.
“Our Board has effected such Reverse Split at a ratio of [?] (the “Specific Reverse Split”) in connection with this offering and our intended listing of our shares of Common Stock on the Nasdaq Capital Market (“Nasdaq”); however, we cannot guarantee that the Specific Reverse Split will be sufficient for Nasdaq to approve our initial listing application.”
I just found it on SEC’s website. Yes, no dates or amounts.
“The information in this preliminary Prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This preliminary Prospectus is subject to completion, is not an offer to sell securities, and it is not soliciting an offer to buy these securities, in any state where offers or sales are not permitted.”
Again, you’re company KG to KDP, which did over $11B in 2020 and Bang who did around $750M in 2021. KG did, what, $2.5m in 2021? You really need to stop with these comparisons.
KG isn’t even in the same stratosphere as the companies you mentioned.
I’ve already said it before, find companies with comparable market caps and compare it to KG, otherwise everything you write is moot
Looks like they’re moving some product and Clark mentions the new distributors:
Excited to be shipping truckloads of Ooh La Lemin to our new distribution partners, Saccani in CA, Great Basin in NV, and Lifestyle in IL! Our KGBEV team is killing it!! $KGKG
— Robert Clark (@RobertClarkCEO) August 16, 2022
And many food and beverage companies have struggled or gone out of business during the same time. Your argument is completely one sided.
Also, you should stop comparing KG to Coke/Pepsi and other Billion dollar brands. That’s like comparing apples to oranges. KG is not in the same league as those companies, doesn’t not have the same resources or capital.
Compare them to companies with similar market caps, that would be useful.
Speak for yourself. Not sure what company you’re following, but a company that is on the path to doubling their revenue from the previous year, is hiring, signing new distributors, and getting products in national chains…I and many others believe in. They just have to get the dilution under control.
Let me ask you this, if we were at $.05-.10 right now, would you be saying the same thing with the current progress they’ve made this year? My guess is no, you wouldn’t be, you’d be championing the company.
The company is executing when it comes to growing revenue, this is apparent by their numbers, the share structure is just bloated, this is the issue, which is killing the stock price
Alkame and Rocky Mountain High aren’t even comparable beverage brands or comparable companies. They have no proven sales.
Clark did mention why the Walmart rollout was delayed, states it right in the PR, delayed until their store sets are completed. I have a buddy that works in beverage and he mentioned stores create plans on where all the beverages go in the store and for a bunch of retailers these plans have been delayed, so it sounds like a Walmart issue, not a Kona issue.
If I recall correctly, the Co hit their projections last year and had their best year. You may be referring to 2020 with your COVID statement, which has been their only down year. May want to proof your statements prior to posting false info
They are a fully reporting Co with the SEC, so you can see exactly what he’s made. Everything is in the 10Qs
Why would they update the Kona website with the new design when they are still selling the current design. That would be even more confusing and upset customers.
You seem like you nit pick everything about this company and if I recall, you mentioned you’re no longer a shareholder, so why care so much?
They’re rebranding Kona, so they may have sold out of those flavors. Wouldn’t make sense to produce more, but hopefully they get the rebranding done soon
Why is that an Ouch? Looks like he’s up from today’s close.
That’s false. They are SEC reporting and have been filing 10Qs and 10Ks with the SEC, they no longer file quarterly’s with the OTC.
You may want to educated yourself on the Co and how reporting works before spreading fake news
Well said B0B0, agree 100%!
Justhefax, out of curiosity, why do you still hang around then if you’re so down on the CO’s shareholder focus?
What’s so great about this, is they make money on both sides. Kona sells to Gold Leaf, Gold Leaf sells to Walmart.
Curious if Gold Leaf can cover the whole state of SC. If so, this could be huge for the Co.
Thanks for the heads up, more buying opportunities!
Fax, hypothetically speaking, if they hit their projections of $10 million this year and the majority of beverage sales come from the lemonades, will you still have the same stance?
Did you ever think it my be a barrier into retail chains and landing bigger distributors. Hemp is still confused for Marijuana and hasn’t been accepted mainstream. I think it’s a smart move by them and will increase sales NOT having a giant leaf on the can, IMHO
With last years revenue being $2.5 million the market cap should be around $25 million, 10 times revenue. Shows you the stock price is being depressed by the dilution. Once the dilution stops this thing should slingshot, IMHO
Good eye and I agree, love the bump in caffeine to 200mg. Glad they are getting away from the leaf design
Thanks Cabocat, voted B too!
They’re going all natural with their new sparkling lemonade, so curious if they go that route with the energy drinks too
Nice to see PAUL off the ask
Can you point me to where he said they hired a marketing team, I can’t seem to find this
I’m in the same boat as you Squeezer.
I don’t see an RS happening anytime soon. Guaranteed they can’t do one anyways until the investment company gets through all their shares, which who know how long could take
You may want to read the latest press release or reread it. Clark mentioned they already hit the 2021 forecast.
I’ve said it before, why does it matter what biz the revenue comes from. If gold leaf does $15 million next year and Kona does $2 million, are you still going to be complaining about the beverage side. Revenue is revenue
Stock price is in the toilet and shares are being dumped, I won’t argue that, but I’m sticking around through next year and playing the long game and averaging down is a smart play IMHO. No need to sell now unless you need the tax deduction…
What do you want the company to say. We know they raised a bunch of capital and the firm they raised the money from is recouping their investment. Pretty cut and dry. That’s not toxic dilution, that’s funding growth.
If revenue doesn’t matter, what fundamentals do you go by when investing in a company?
If revenue continues to increase, then once the firm recouping its investment is done, we’ll see a big price correction. Now will that be 2, 3, 4, 5 months from now, your guess is as good as mine, but when it does happen, if you’re positioned correctly, you’ll make out big, IMHO
B0B0, we have the same mentality. I’ve heard others on the boards complain about revenue coming from the distribution company and not hemp drinks as well, I don’t get it, revenue is revenue. The fact that they are diversified is a good thing, don’t want all eggs in one basket
Speak for yourself, if it drives revenue, then I’m all for it. If they land a big deal with the lemonade, will you still be sick of it?
Fax, I’ve been here almost as long as you and if there’s any silver lining, it sounds like the distribution co is almost profitable, but I agree, there needs to be a big increase in sales on the beverage side in order to slow the burning through cash