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Very helpful, further question though...
Say an insider gets the shares, and then the company goes under and the ticker becomes a shell and bought a few times in the next 8-10 years, does the ex-insider need to get anyone's approval before converting, since technically the new owners didn't issue the shares.
Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restrictive legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and permit execution of the trade in the marketplace.
Can someone help me understand how shares go from restricted to unrestricted?
If a company is an SEC registrant, can someone convert their restricted shares to unrestricted without filing a form 3 or form 4?
Does the owner of the restricted shares have to reach out to the company before converting?
Increase of 64k since Mid July.
Unrestricted History: (NO CHANGE)
49,087,000 - 02/26/2019
36,480,500 - 07/09/2019
36,906,672 - 01/07/2020
37,283,803 - 02/25/2020
37,377,581 - 04/08/2020
37,272,038 - 08/25/2020
37,272,038 - 09/14/2020
All good, but yeah, TDOC is paying like 50x 2020 Revenue estimate.
We just need to get back onto a normal exchange and start posting financials. I'm not saying we'll be worth 50x our annual revenue, but it goes to show how hot the sector is.
Even a super conservative number like $1M revenue per quarter, would put us at $200M or nearly $1/share. Keep in mind, 1 year ago when we were just starting up from scratch we did nearly $600k of revenue.
You talking about TDOC and Livongo?
Yup, just need to figure out what the plan is for the new owner.
Bidders coming back, but nothing too exciting. Seems the seller might have just taken a break waiting for the bids to grow. Time will tell.
Agreed. I've been buying more today, as I think they'll be worth more in the future.
Better bounce on air too! Or vape that is :p
Buckle in boys! Who knows what idiot is running these games, but I am buying some more here. I am freeing up more powder too.
The company generated $55M in 2Q, with net profits, positive cash flow, and expansion into new stores/markets/continents and down 50% from highs.
I can see how that would be difficult to hold through. On the flip side I was down more than 20-30% BEFORE KAVL was even the KAVL we know today. Before there was any glimmer of hope I held a seemingly dead shell with no revenues.
If anyone has been trading in the OTCs, whether it's a few years or 15+ years then they know a company like KAVL, falling into our laps, and allowing us to buy this early in the game is a gift.
Find me another company similar to KAVL with the growth prospects we have AND net profits. Not judging you, just sharing the rare opportunity we have here while others would rather chase the next triple 0 stock, or pump and dump. Don't get me wrong, KAVL isn't my only stock, so I do play others, but I also recognize the difference between KAVL, and the next "hot" play.
I can't speak for everyone, but I'm a sub $0.05 holder and I am not selling here. Too much upside potential, and I don't care what anyone says about the "same things being posted" because at some point people will stop looking at this as a quick overnight stinky pink and start realizing it's a real company.
Some of the posting here complaining about the selling don't seem to understand it really doesn't matter. We have a company generating revenues and net profits which at some point will show it's true valuation in the share price and anyone who sold here or lower can deal with that then.
It was officially released today. I saw it on Etrade, but it was the same as yesterday's news.
Any payments in shares will dilute the current shareholders, even if those shares aren't sold in the market.
Just need to remember we are generating revenue and growing.
This isn't a stinky pink with lies and $0 revenues. In time we'll be golden!
Our day will come, we just need to ignore the price for now.
I think if we were a mature company generating $30M revenue a quarter our price is probably a little undervalued still, but the fact is, we're just starting, and this price is way undervalued for the potential over the next few quarters/years.
I don't see any loading.
Seems to me new shares are hitting the market and we don't have enough interest to balance it out.
Yeah. Hopefully they learned their lesson.
I truly believe this lull is due to the shares hitting the market on top of retail disappointed with the revenue numbers.
But like I said prior, there is only a finite amount of shares available, and when they are gone, then it's just retail we need to worry about.
The company should realize that giving shares out affects the share price and should utilize their cash position rather than offering shares, unless there is a lock up period, especially when it's in the millions since the market can't handle that currently.
The 300M O/S reduction aside, the O/S only increased 4,918,056 since February of this year.
Honestly, I think the shares that have entered the market is the reason for us slowly dropping. It's not many shares, but we're pretty illiquid and the pressure overwhelms buyers.
On top of that, we probably don't have many eyes on us for whatever reason. Someday we'll start floating upwards on air and we'll say why did we just jump 20%, and the answer will be, there isn't any selling pressure.
O/S increased 70M from June to August, not sure how many of those shares will hit the market.
After .602 it might go straight to .69. Wouldn't that be nice.
So per the quarterly, shares were given out for services, and that could be what we're seeing here but it is a finite amount of shares. I checked with the T/A and the O/S has not changed for 2 weeks so if we can hold this area, the next move should bring us to new highs, eventually.
I grabbed more today. Only 5k, but doing what I can to help absorb the sold shares.
Lol what?
Your logic doesn't make any sense.
You're kidding right?
Seems like you have an issue with your timeline and no actual gripes with KAVL.
Most companies put out earnings right at the last minute. Did you read through the filing, do you think something like that can be put together in a few hours?
Did you forget Bidi Vapor, which although isn't KAVL is still a related party, just submitted a PMTA with over 200,000 pages of information. You think that was turned around in a few minutes?
Cut the guys some slack. They generated 55M in 2 quarters.
Great news, yet we still have whacktards selling every chance they get.
It's tough to say to be honest. This is our first full 3 month quarter, so some of the metrics I'm looking at might not be accurate and we'll have to wait till the next few Qs to really start analyzing trends.
I think this next Q will definitely show growth, how much though I have no idea.
If we look at the accounts receivable, and knowing that distributors need to pay within 7 days of invoice (at least the major one like Favs who makes up 70% of the A/R), maybe we can establish a run rate based on the values.
In Q2 we saw $3.2M which ended up being a 10th of the Q3 revenue.
In Q3 we see $7M which, if we multiply by 10 that would put us at $70M revenue.
I think the biggest issue right now is awareness. Assume we're a big board company and we just announced growth in revenue, profit and also expansion to Guam as well as other continents. Outside of the OTC world, that would mean share price appreciation. Because OTC is all about those quick gainers, people shrugged it off and sold. Our day will come!
You aren't making sense.
Does SOLI own CareClix Inc, the company that was awarded the contract with San Diego or not?
OTC stocks rarely work out on our timelines, so you need to broaden your horizon and look at what we currently have.
Trust me, I'm disappointed with the share price, but I don't need KAVL shares to increase to pay bills, or support my life style, so I can wait it out. At some point it will pay off especially as the numbers continue to trend higher and catch some new eyes.
Access to funds is usually a big reason to go public.
Maybe they didn't expect such stellar performance out of the gate and might have needed to tap into capital markets to help build distribution channels.
We are all allowed to have our opinions.
As far as tempering our talk, agree to disagree.
A company that has been in business since March, has already generated $55,000,000 in revenue, $3,700,000 in net profit, reduced the O/S by 300,000,000 with the inability to convert back to common until 2023, anticipated to add thousands more retailers in the coming month, a new Guam distribution network and starting a brand awareness campaign, is far from not exciting in my opinion.
Yes Favs accounted for 56%, but this data is 45 days old. We started seeing more distributors in the middle of June, so they might have only been active for a month or 1.5 months. Even still, that means 44% or nearly $15,000,000 of revenue came from other distributors. You act like that is insignificant. Additionally, there is no risk to us adding on distributors. Even if the first 10 don't do anything, that 11th could be another Favs.
What I also see is at the end of April we had $3M accounts receivable. Now, at the end of July we are at $7M. Based on the terms (below) we've seen with distributors, it tells me there was nearly $7M of revenue generated in the last week or two of July. I anticipate another quarter of strong growth.
"All undisputed amounts on each invoice are due and payable within seven (7) calendar days from the date of Sub-Distributor’s receipt of the invoice."
Huh?
You just said the San Diego contract was for CareClix Inc and not SOLI, now you're saying it's CareClix Network?
Good thing SOLI = CareClix Inc.
Selling here is short sighted, no offense.
Company reported higher revenue and higher profits from just 3 months ago. We also know the company moved 300M to preferreds lowering our O/S and increasing our EPS.
We are trading at around 15x annualized earnings. Pretty low for a company growing.