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Agreed, If KAYS truly was producing marijuana in 6000 sq ft competently we'd see MILLIONS in sales or inventory, not thousands.
Ummm, W. David Jones is a repeat offender over decades, I don't really see him as someone who has changed life direction and neither do most as evidenced by the downward trend that this POS ticker has taken since he was outed by another user on this board back in February I believe.
If KAYS was really serious about being perceived as anything besides a P & D SCAM they would've cut him loose shortly after his outing.
Interestingly, however is the fact that CEO Craig Frank did not perform his duties of disclosure and illegally decided not to tell us about his past and then ferociously defended Dirtbag Jones position as a key advisor in the company once outed. [as W. Dave directive I wonder]
Fire the Dirtbag maybe and hire someone who actually will help the company "Grow" maybe?
And still no cultivation permit while over 200 KAYS competitors have been approved. hmmmm.....
http://www.oregon.gov/olcc/marijuana/Documents/MarijuanaLicenses_approved.pdf
That W. David Jones is also a defendant in a case that alleges securities fraud even though he is only a consultant to KAYS should make most people pause for a moment and ponder the possibilities of this being another Dirtbag Jones SCAM.
I honestly don't understand how anyone could so easily dismiss the idea that this is a Very bad sign.
The similarities in KAYS "gold mine grow house" and other KAYS ploys to W.David Jones repeated past shenanigans are just too great to pass this lawsuit off as baseless.
re:"this is a GOLD MINE"-Thats the problem maybe. The "gold mine" is in the production yet we still haven't seen the Millions that most warehouse grows produce in nearly two years. Smells like a n empty mine or maybe W. Dave Jones is up to his old tricks again.
Great perspective Sierra! KAYS is like the boy who cried wolf, no-one believes the hyped up plans anymore without seeing results.
Do something already.
Well go for it champ, I wouldn't touch this POS in this condition with your dirty pennies though.
Better you than me.
GLTY
$KAYS Management-Licensed Marijuana Distributors, until the state puts the kibosh on recreational depending on outcome of lawsuit for state securities fraud and racketeering.
re:"DOLLAR LAND"-ROTFLMAO!!! Not likely, But if its any consolation I hear theres a Dollar store across the street from Kaya Shack Salem.
Dream on! Trend is clearly downward with this POS. No real news or improvements to move on. The PPS is moving back down to .06s and no amount of pumped up blind optimism is gonna bring it to a dime.
Maybe open a store or two or actually show an increase in revenue.
Expansion hasn't happened in other states that are already legal and KAYS has made the same statement in every financial since inception.
As a matter of fact for 8 financial statements Washington and Colorado are both on the list of states listed in KAYS forward looking statement of growth with no action in either direction.
Vancouver Washington is 10 minutes from Portland and half of Portlands workforce lives there, yet still no attempts have been made to open Kaya Shacks there.
Don't really see the election as the thing that will let them fulfill their pumped up statements.
GLTY sir.
Keeping dilution smaller for one quarter of the last 8 as the only good thing on the last financial is not all that exciting. next...
Indeed, Like store #3 details last year that held up the lease as you've stated for an entire year and now KAYS can move forward huh? And with building permits taking 5 months or longer to issue, at this rate new stores will be open in what, another 2 years. What a joke. Should we expect the buidout to be 10 months or more also?
Btw, its nonsense to argue with oneself. Maybe address my post or answer my questions instead of saying the same thing over and again about nothing in my post.
Are or aren't isn't the point of the post. Read it again maybe? Why have you predicted October or later when KAYS says stores will open this summer when summer isn't over yet. Do you have special information or ?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124824864
Indeed, $1.7+million lawsuit against KAYS is in the filing in the smallest font allowable in part ll about page 37.
Pretty serious amounts and allegations to dismiss as frivolous or baseless I'd say. Breach of contract, state securities fraud and state racketeering claims. And considering that William David Jones is also a party in the suit, you'd think that the allegations of securities fraud and racketeering might have some merit as Dirtbag Dave Jones has multiple felony convictions and violations of securities fraud.
Must be costing the Goldin's a pretty penny. To file this suit against a company with so few assets and revenue suggests that there is at least some basis for the allegations.
Most likely not, October is when the public at large was first legally allowed to buy limited amounts of marijuana recreationally.
I seem to remember that photo from a KAYS PR that showed that being the first day it was legal in the state with lines out the door of all shops in Oregon.
Indeed, even the KAYS devotees have given up early on the idea that KAYS statements will come to fruition as promised! With less than four weeks till Summer is gone along with the possibility for KAYS to live up to their stated goals yet again, the KAYS devotees are looking into an imaginary new deadline of October or by "by 2017" to open new stores.
Funny how even before summer is over however, the staunchest KAYS supporters on this board are already predicting KAYS inability to live up to its words and are predicting sometime later this year.
Maybe they know something the rest of us don't.... or maybe they just know exactly what some of us already think; that KAYS words mean less than the .03 TP shares they doled out like candy last year.
Keep in mind, Just like last years promise for store #3, when it didn't happen, there followed a long campaign of posts that promised "just wait, it'll happen" until enough time had passed that new investors eventually forgot.
Wash, Rinse, Repeat
I agree! If KAYS looked like a winner instead of the POS it keeps presenting itself as in the financials and unmet PR goals that resemble a sloppy P&D then we'd all be on board.
Indeed, awareness of KAYS as a bad investment has been growing.
Do you mean the "real' reviews that were posted by Emiliano Brock and other KAYS employees that I've pointed out before.LOL
The funny thing is I'm fairly certain that there's nearly as many reviews in total as there are employees and family of KAYS and Kaya Shacks after over two years in business and 2 stores, yet somehow there is still a relatively high proportion of negative reviews.
Btw, when a business that has been open for over two years has so few reviews, it usually indicates that there isn't anything special going on or worse. Most customers with negative experiences don't write reviews unless their experience was memorably horrible, usually they just don't go back again.
Case in point:
ROTFLMAO!!! You go right ahead, LOL, I live 30 minutes from Salem and know the areas quite well.
I'm certain you won't be shocking us anytime soon with proof of affluence.
Btw, fast food joints and laundromats are not usually the signs of an upscale neighborhood. LMAO!!!
I believe you posted that picture on this board AND others at least a dozen times before you decided to repeatedly post a picture of a grow room that no longer exists instead.
" but the quality of the buds is indeed impressive.." LMAO! Not according to the high percentage of bad reviews.
" A photo is a secret of a secret. The more it tells you the less you know"
Anonymous
BTW... Your earlier post about Salem locations being in "affluent" areas is nonsense. For its size and population Salem has the least median income of any large city in Oregon, ranked at #71 in the state there are many tiny towns in Oregon that have more discretionary income.
https://en.wikipedia.org/wiki/List_of_Oregon_locations_by_per_capita_income
I find it amazing how some will give themselves credit for being right ALL the time, but have nothing to say in response when proven wrong.
You gotta love how the same picture of the grow from April 2015 [which has allegedly been moved and improved] is shown over and over again in its ambiguity of size while the newer single-wide trailer photo of the relocated/improved grow is now laughed at by all who see it.
6000 sq ft? Gimme a break! Sheesh....
Permits still in review, no building can happen till permits are approved and issued, so "being built as we speak" is Nonsense! Last time [store#2] this process took all of 1 day for city to approve and issue building permits.
For some reason this time it took KAYS three months since "leases were signed" to even apply for bldg. permits and still no permits issued for 2 months, smells like problems to me.
LMAO, Store #3 did not open in October 2015. Store 2 opened in October while store three was announced in late summer of 2015 as 'opening soon' and never happened. Still no store #3, just more promises off TWO stores this time to be opened IN summer of 2016 which has exactly 26 days togo while building permits have still not been issued.
Agreed, KAYS has dropped the ball on production! And the financials tell the story as the percentage of cost of goods has more than doubled since KAYS first started production activities.
Indeed, KAYS inventory depleted over last 3 quarters.!!! While sales remained flat .
Not a sign of a productive Grow, if any at all!!
2015 q4 inventory $80,000
2016 q1 inventory $50,000
2016 q2 inventory $44,000
These end of quarter "snapshots" tell a story that doesn't lie.
And as far as cost of goods go maybe you should take another longer term look before tooting the horn of KAYS competence.
KAYS best performance for cost of goods was achieved in the first 6 months of 2015 and since then has never been as good.
These two quarters cost of sales % reflect what might look like a Grow supplying the shops.
2015 q1 cost of sales as percentage 26% during which time KAYS states25 lbs. harvested since Jan.
2015 q2 cost of sales as percentage 18% as inventory and sales decreased and KAYS announces increased production.
After June of 2015 a different looking story starts to emerge right after KAYS announces an increase in production. Looks to me like somebody dropped the ball and is making up stories about success.
2015 q3 cost of sales as percentage 101% !! as inventory drops by half and sales remain flat.
[odd considering there is supposedly an increase in production?!]
2015 q4 cost of sales as percentage 44% as second store comes online inventory peaks at 80k.
2016 q1 cost of sales as percentage 73% another huge percentage for a company that supposedly grows its own!!
2016 q2 cost of sales as percentage 52% Not what I'd call an improvement in reducing cost of sales or increased gross profits especially as inventory dropped in nearly equal proportion.
Considering the first two quarters that the store was operating before KAYS announced 'Growing their own' the reported cost of sales were an average percentage of 60 % . It doesn't appear that Production is KAYS strength, if it is in fact happening at all anymore.
From the looks of these numbers in relation to production, I'd guess that KAYS has forgotten to announce the calamity of what is actually transpiring at that 6000 sq ft warehouse.
Thanks Sierra, next lesson- how to deconstruct the possible yields from the single wide trailer grow room from inventory and revenue numbers... coming soon!
I don't know when you called but that is not the same situation as reported to me by Budtendwrs at both stores a couple days ago. Don't believe me call again and ask yourself and then maybe you can report back with a list of Kaya farms produces and sells because when I called no one working in the stores could say.
I wasn't suggesting poor customer service.
That's like saying a micro brewery shouldn't be selling its own beer more than Budweiser.
Clearly the profits of a vertically operating company are best achieved by ACTIVELY selling your own product. That's the point!
The only 3 reasons you wouldn't are that you don't have your own product to sell, your own products quality is so low that you don't want to identify it so as to avoid comparisons,or you're costs are so high making that product that the profit is the same or less to sell your own as opposed to others, in which case you'd be better off just selling others.
Business 101. LOL
Did you ask what was grown in house? If not who cares.
Couldn't tell you which or how many strains are Kaya farms grown though huh?
Helpful or not wasn't the point. Point is if KAYS is growing their own product, shouldn't the " budtenders" be able to tell you which strains come from the alleged grow and not just the information from the lab test results.
If KAYS was really growing a high quality product wouldn't it make sense to SELL that product , o mean isn't that the point of being "vertical".
This POS company is neither truly vertical, recreational, or competitive. It looks to me and others as a very hollow shell of a couple barebones storefronts, maybe a single -wide trailer full of subpar marijuana(maybe not), and a ton of promotions spinning tales of future wealth and success as the engine of a very sloppy Scam.
Land use compatibility statements that cost $100ish from the city and applications for building permits submitted to the city months after 'leases were signed' and which also cost nothing are NOT recreational OLCC licenses.
Funny also how CEO in the last 10q has yet again changed the date for when the grow was started. Maybe you can explain to me and others how Kaya farms was able to produce 25 pounds of marijuana between january2015 and the April 9th release of the 25 pound announcement. Especially since SHADY Craig Frank states in the most recent 10q that KAYS Commenced<started> with grow operations in April 2015.