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More pure manipulation
The manipulators needed to cash out so they let it run up to .062 just like yesterday then they'll bring it right back down so they can load up and repeat
Amazing. Every time the ask gets hit someone swoops in and lowers the ask.
Because that makes sense.
I'm sure lots of people out there are saying "Hmmm...this sold for .059 seconds ago. I am super excited to sell my shares for less than that!"
Pure manipulation. Through and through.
This is not a stop loss hit. This is just MM's being MM's.
Go away, manipulator
We all know who and what you are
You aren't foolign anyone
Take the 39 cents you made spending all day flipping shares and go buy 1 french fry from your full time job
The fraud is painful.
It's so obvious that the MM's are conspiring to trade shares back and forth with each other to bring the price down.
The painful part is how nothing can be done about it.
You fraudsters want shares? Bump your fraud game up to .07 and you can have every single share I've got. I'm done.
Congratulations, manipulators. You screwed with KGKG so much that you've basically stopped it from being traded at all.
Great job.
Hope you are all losing money.
That is 50% down from .142
Math is hard.
Because the market makers won't let the ask move from there for reasons only they know (and likely benefit from)
There have not been 300,000,000 shares of dilution since June
There just haven't been
Either tell a factual statement you can back up or go away
I think you just have bored people who got tired of waiting for the rip
I don't suspect anything meaningful to happen to the share price until news comes out that these machines are selling, or at least have interested future buyers. That will be at least another month or three.
You were saying...?
How does that make sense?
Why would the OTC suddenly put a warning label on the company right before they were approved for uplisting?
Those are 2 very difference directions. They don't go together.
I can only think of 2 things that explain the drop in share price
Manipulation or sheer stupidity.
If the MM's are just controlling the price because that's what those vultures do, at least that explains it. There is some evidence of that when you see trades going through at the ask in bulk only to have the ask drop immediately. That doesn't make any logical sense and is usually a sign of shenanigans.
But if it's sheer stupidity the best I can figure is that the $17,000 quarter just looks like a low number to people who haven't done their background research. We all know that number represents huge growth. But if you came into this cold I can see where you'd say "All this hype over $17,000? I'm selling!"
If that's the case, then the Q3 numbers that show a bottom like of like half a million dollars should send KGKG into orbit as it will look like 3000% growth quarter over Q2 (even though it's really not that much growth in revenue, just that much growth in bottom line profits)
But the misunderstanding of what the $17000 means if the only thing that makes sense to me for why anyone would sell this. Sheer stupidity.
Thank you! I missed that entirely
Why is everyone talking about this chain store deal?
Is there any actual evidence something like this is in the works? Or is is hopes and dreams?
Did they mention it in the Q2 report? Did I just miss it?
The Q2 report isn't being distributed. It's posted on the OTC website, but it's not showing as news on any of the news outlets or trading platforms.
That explains the lack of volume after good news like that
No one's seeing it
100% in the black
I don't see a negative bottom line anywhere on that report
Good stuff!
But...don't freak out if it trades flat or even down today. Q1 was a good report but the price stayed right in the high .07's for about 10 trading days (give or take) before starting to slowly rise. It was another 5 days (or so) before it took off and flew up to .1495
This is a good report
But it takes time for a financial report of a relatively unknown company to spread around the internet and get the attention of would be investors. Be patient and don't panic if the share price doesn't hit .20 today
(Of course there is that chance that Q1 got everyone's attention and they have been waiting for Q2 and will jump in with both feet at 9:30....but I doubt it)
What kind of knuckle dragging mouth breather was so desperate to sell that he lowered his ask for 13,000 shares to .118?
That's the kind of thing you do when you owe your bookie money within the hour or he'll break your kneecaps.
There is no logical investment reason to do this
Hell it doesn't even make manipulation sense for flippers! Not at 3:45!
That's why I said
I'd venture to bet against that
If KGKG is just supporting the charity without getting any support back from the charity then it is a bad deal. And KGKG doesn't make bad deals like that.
My guess is the charity simply hasn't updated their website yet.
This isn't the American Cancer Society. This is a relatively small time charity compared to the bigger names in breast cancer (American Cancer Society, Susan G Komen, etc)
I'm not saying that's a bad thing. Some of the bigger charities exist to support the weight of the charity, not the actual cause they supposedly are fighting. The smaller charities have lower overhead and can do a lot more with the money they get for the actual cause.
But the lower overhead means fewer office staff to update the website daily.
My guess is KGKG made an early announcement of a partnership and we'll see more publicity from both KGKG and ABCF about the nature of that partnership as we get into the fall
Nothing wrong with saying "Hey, we haven't done the charity work yet. But here is who we are going to work with moving forward."
Manipulating flippers are getting desperate
they painted a .1176 fake price with an 800 share trade
So unless you believe that there was someone out there who just desperately needed $94.08 so bad they couldn't wait to sell those 800 shares for .125 in like 2 hours...then the flippers are getting desperate to try to trick people out of their shares
Retail simply isn't selling today. Retail is buying cheap. Retail is holding long.
If I see people selling on Friday for .17 or .20 I understand that. That makes sense.
But today's sub .12 trades are 100% manipulative to scare you into thinking it's going to crash and to give up your shares cheap.
What makes me happy is that right now MM's are frustrated and cursing their computers because they can't buy more for cheap.
Just putting this out there...but the American Breast Cancer Foundation doesn't have Kona Gold's logo on their site yet
https://www.abcf.org/sponsors
That may be normal. This may have just been a preliminary announcement today with some bigger fanfare later as we get to breast cancer awareness month and all.
People selling sub .12?
I understand why flippers want the price to come down. I get how the game is played. I know this dip below .12 will be short lived. I understand that it takes volume to overpower the flippers and volume requires major news like a financial report on Thursday.
I'm not in the dark here. I know what's going on.
But who is freaking stupid enough to sell this stock today...at .1197?
How dumb do you have to be to get tricked into doing that?
It wasn't even a manipulative painting low with a 500 share trade. It was nearly 30,000 shares sub .12 across 3 or 4 different trades.
You have to be a new kind of stupid to sell at those prices today.
Again with the great documentation of your claims, including sources and links...
Dynamite job.
Thank you.
That was very helpful.
Especially with all the detail and evidence you provided...
It's manipulation.
Someone sells a little at .1080 to drive the price down so they can turn around and buy a larger amount with a lower bid of .1075...which then will then in turn sell at a true market rate of .11 in 10 minutes
Either than of it's a moron who doesn't have the first clue what he's doing.
That is not unheard of in the OTC
New investors will be the buyers that run the price up.
Right now there are people who have never heard of KGKG because it's a dime penny stock.
Financials will come out showing quarter over quarter sustained growth. Over a couple weeks that news will spread. People will start noticing KGKG and think it still has further room to grow (which is does)
They will come in and buy shares at .15 and higher
Some existing shareholders who've been riding the wave since .05 will sell and cash out for a 300% profit, helping to build a new base in the .15 range (I'm making up numbers. Could be .20. could be .12. But you get the idea)
Same thing happened 3 months ago.
Just remember that the Q1 report came out on or about April 15th and the KGKG share price didn't shoot up until May 2nd
This is still a relatively unknown stock in the overall investment world.
It can take a little time for great news to disseminate to the masses who aren't watching KGKG every day.
All I'm saying is don't panic if the stock doesn't shoot straight up the day the Q2 report is released. Or even if it's still trading relatively flat for a week or two after.
It'll spread around the share price will go up eventually.
I think the 1000 people per state after just a couple months is 'dreaming big'
Plus $2 per can wholesale seems high. (No idea if I'm right)
But....
I like where you're going with the overall math.
Even at $1.50 per can and 100 new people per state every couple of months (which is probably being REALLY conservative) your equation still adds up to growth for KGKG in the relatively short term
Based on what?
And why would the company be dumb enough to sell itself undervalue right before they are well aware of a likely increase in share price?
Is it moron day?
850, 000 shares have traded in 2 lots at the 2 low points of the day
350,000 at .1065
500,000 at .107
More than 1,000,000 shares have traded at prices higher than that. (Literally every single other traded sold today)
So I ask again....is it moron day?
Is there some moron who just likes losing money?
What are Red Bulls thuggy practices?
Demanding certain shelf positioning? Requiring larger than needed orders? I'm curious what they do
I didn't say it won't get back on track.
I said it's being heavily manipulated today and that is annoying.
There is no one out there who is saying "Wow. My stock traded at .112 10 minutes ago...I can't wait to sell my shares for .107!"
That isn't a thing.
Today is a manipulated day so someone can buy more shares cheap then sell them for a meager 2% profit because they are short sighted. Days like that are irritating.
Today is typical rigged OTC BS
The 660,519 'all or nothing' at the ask of .11 is nothing but a hard block to prevent the price from rising. This chased away all the sellers despite plenty of buying support above .112
And now they are walking it back to the mid .10's
It's moronic. They want to buy low and sell high, but they prevent it from going higher. MM's aren't always real bright.
The down side of this is that retail investors will eventually get tired of playing a rigged game and move on, devaluing the stock.
Me too. There isn't enough cash changing hands for it to be dilution.
That 850,000 shares on the ask represents about $90,000 at these prices
$90,000 isn't buying a West Coast warehouse for very long.
Plus the KGKG team knows full well their stock will be much higher in a couple weeks. Possible even double for a day or two if 'panic buying' sets in on the next run up before a pullback. They aren't dumb enough to dilute now.
The 850,000 shares on the ask at .1089 is certainly...odd
That large block was at .1125 about an hour ago
Either someone is desperate for cash (and kind of stupid) or someone is putting a wall up to prevent the price from rising...which only means someone is trying to load up big for a pending large increase.
Green. Patience. It works.
Why'd things slow down and stabilize so much this afternoon?
Is it the stock flippers' company picnic today or something?
If only their Baramundi program had gone better....
I hear is tastes like maple syrup covered hockey pucks.