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And we're going to be there soon ourselves. There is a reason I came back now. I've been lurking in the shadows this whole time...lol And just reloaded and have almost the same amount of shares I had last trip to $2.00. This time we go higher though and we stay in the dollars...No more Asefi collapses here!
We have got a real winner here and will all be rewarded handsomely in the not too distant future! This has buyout written all over it. That will take a bit of time, but there is a reason they structured their bonus the way they did and that is so they get PAID when the company is raking in the revenues and some behemoth comes along and buys them out for stupid money:)!!!
GLTY and AIMO,
TG
Well, that was easy! Didn't expect it would be hard to raise millions for this. And this isn't even the funding we're expecting if I'm reading all that right...What a confusing 8k...Just when I thought I understood what the heck they were saying I started second guessing myself.
All in all, it looks like we've got 2 mil to get this ball rolling!
GLTA and AIMO,
TG
Looks like the review process for the FDA is 180 from date of submission of application and all applicable samples. So we are looking at February or March for a decision. This is great as I thought this might be like a 2021 year end type of thing being that it is the FDA (didn't figure anything would happen quickly with them).
One more catalyst to look forward to:)
I'm trying to stay ultra conservative and shoot for 35+...I figure this way I have many millions of ways to be pleasantly shock and awed!
200 million and screw a dollar, we might test $10:)
TG
Rolling Havoc and I have been looking for one of those for awhile now...lol. Actually quite surprised they didnt PR the sales manager. I thought his hire was extremely news worthy.
Dont get me wrong, I'm hoping for a PR, but I dont "expect" them anymore...let's hope their plan is to let the revenues do the talking if PR's aren't their thing:)
TG
Landing on that page just shows you the marketing genius behind this team! "What Feelings Taste Like" is a brilliant slogan and really ties the product to emotion. Brilliant!!!
I have nearly 20 years experience running car dealerships (full time trader now) and the key ingredient to car sales, or I should say profitable car sales, is getting the customers emotions aroused. The more emotionally charged the customer is the easier it is to close the deal and hold more profit.
In today's environment with so many people now "in touch" with their emotions and their willingness to alter their state chemically, I think this is, for lack of a better word, "brilliant" to target emotions, feelings and experience (a consistent one at that).
We have a winner here as long as there aren't any pitfalls with the funding (can't see any) and they can get the products to the shelves! We have some beautiful minds at work here:)
Very exciting things coming our way going into years end!
GLTA and AIMO,
TG
Agreed. Although I may have let on in a previous post that I'm upset with the pace, that's simply impatience at work...I'm very eager and in fact, excited to see how they market this!
I truly believe with their skill set and the product they have developed this could go viral and be the beginning of a new trend with them potentially leading the pack. If not leading, then I'd think they'd be pushing the pack.
I love these types of setups in the OTC, wherein you have a start up company with a fresh, innovative product/solution and the launch is just around the corner. Typically it is management and poor decisions that kill the dream, either due to incompetence or that it was a pipe dream from the beginning with the sole intention being to sell shares to unsuspecting OTC speculators...
In this case however, the record of accomplishment for management here is undeniable! You don't get to the highest levels of Disney or Pixar without having some serious skills!!!
IMO, we are in for a stellar finish to the year and as someone with a bit of a marketing background I'm excited to see how and where they market this.
I'm actually thinking that their 10 million annualized revenue run rate and 100 million market cap goals were set, because they feel they will easily reach those milestones and it will be payday for them...and in my case, payday for me:)
GLTY and AIMO,
TG
Well, we'll never see eye to eye on Corona, there's a reason even they advertise them with a lime in every commercial:)
As for the company, the short version which pretty much sums everything up is:
*Solid management with a highly successful track record working for some of the worlds largest entertainment companies
*What appears to be an amazing product with a unique selling proposition
*In a very hot, emerging sector with billions in potential upside
*A very tight share structure that will pop with funding and/or product launch news
*Aggressive milestones for management to get some large bonuses...one of which is a 100 million market cap, putting us at levels about 25x current
*Start up company with all the above (speculation leads to large, parabolic moves)
GLTA and AIMO,
TG
100% Agreed! They have hyped the product and you can really see their marketing expertise in how they put the website together. They make it an experience more than simply a drink that will get you high...
I could easily see this being, if/when legal, being sold as a "mixed drink" with no alcohol (or maybe with it...not sure) at bars and of age college kids exploding its popularity.
However they get it done I can see this becoming the new trend and sales exploding out the gate. This is why I am so excited about the teams marketing backgrounds.
Take Corona beer for example...It is an absolutely disgusting beer, but Corona has done such an excellent job with their marketing that they have stimulated people to associate Corona with beaches, lakes, hangin' by the pool, in general a good time and popping a lime and some salt into your tropical like beer to enhance your experience (really to mask the taste:).
Only difference, I hope, is that Resonate has a much better product! Their marketing is top notch and marketing is what makes even an inferior product outsell a superior product.
But, put a superior product together with exceptional marketing and you've got the perfect storm!!!
Time will tell, but I'm quite confident we have dollars in our not too distant future.
GLTY and AIMO,
TG
Just saw that! I think that should clear up some of the concerns RMD had. Either way, once the funding is in I think we move pretty fast to get product to market and things turn quickly.
I'm not concerned about the notes, because I think they'll be settled soon enough. Management has too much incentive to get this to a 100 million market cap to let those get in the way.
I'm confident once this funding round is done that we will not be monkeying around with any more of this convertible notes nonsense! Any new investors aren't going to allow some Mickey Mouse penny stock toxic lender to have that kind of control over their investment here.
Raise 10+ million'ish dollars, which I'd think would be easy to do with the team in place and the product they are looking to sell, and those notes go away and leaves behind a nice chunk to get some product together and kick start their marketing plan.
We'll see what they are able to raise and I look forward to the ride north ahead!
GLTY and AIMO,
TG
Looks like the new notes don't convert for another 6 months and appears they can be prepaid, i.e. the funding they are looking for through Boustead will probably cover these, at least to some degree.
This is period end June 30 and the transaction with Textmunication didn't happen until the end of July, so I wouldn't expect the share adjustment to be reflected here.
If they can use that 20 million debt towards write offs for future earnings, then that's a good thing. If they can't, then so be it.
I agree with you these guys need to get it in gear though, talk is cheap and a fancy website is great and all, but without a product to sell it doesn't equate to jack!
I'm buying in anticipation of the upcoming funding and with the thinking that things will start to move quite quickly once the money is in. Looks like they've got their ducks in a row for product launch just need the capital to do it. My guess is they've already been in talks and had to handle some housekeeping before they could move forward.
Going back to the notes, there is a significant bonus for the CEO and COO if this hits a $100 million market cap and I'm positive they will do everything in their power to reach that milestone! Obviously, multiple convertible notes converting all at once will not allow that to happen. To me these are a non issue if the company raises enough with Boustead.
As for the funding...Right product, right time, right state (CA) and a kick ass management with a highly successful background at the highest levels of some of the largest entertainment companies in existence...I think we'll do just fine raising money:)
GLTA and AIMO,
TG
We seem to get a bump end of week before each move to a new higher level and then breakout early the following week. It would be consistent to close in the mid 90's dollar'ish tomorrow and have a much bigger move next week! I'll be pretty bullish for Monday/Tuesday if we do close in that range tomorrow. Excited to see what tomorrow brings!
GLTA and AIMO,
TG
45 days from quarter end for 10Q and 60 days for 10K.
TG
That is an awesome look at this beast! Last time we pulled back to the 50dma we made our largest price move off of it for .50+...Just reinforces what I was figuring and we're heading to $1.50+ soon!
TG
Doing some charting tonight and if we break our recent high with some strength (i.e. some strong volume), then our next level is $1.25 to $1.70.
I figured we'd land in the $1.25 to $1.50 range a couple weeks ago with our pre earnings run and if we follow up todays action to finish out the week it looks like that will pan out.
We have another level around $2.20 that we could also reach. I think we will get to this level at some point in the near future, but will probably come after earnings. Never know though, we may run right to it if there is limited resistance past a dollar and I suspect resistance might be just that...limited.
Anyway, I think there is a strong likelihood we are back over $1 by weeks end (maybe Monday/Tuesday of next week) and thinking we, at a minimum, test the upper end of my previously expected range of $1.50 by the end of next week (give or take some days)...
However you look at it, I'm feeling we're in for a pretty exciting and very profitable couple of weeks!
GLTA and AIMO,
TG
Anyone happen to notice they are renaming all their flavors? Interesting...and it looks like the packaging is changing some as well. It looks like they did this to make the "names less appealing to minors" (per a pop up on their website).
Check it out: New BIDI stick flavors
TG
Notice how he lists the location for the company:
National Sales Director
Company Name Kaival Brands: The BIDI Stick Full-time
Dates Employed Jun 2020 – Present
Employment Duration 3 mos
Location Global
Also interesting to note he was with Reynolds American for 16 years only leaving in April of this year (could have been a separation due to Corona Virus) and started his own consulting business.
Basically, his connections with the company would still be quite relevant and I'm sure with that amount of time there as the Senior Division Manager Trade Marketing he probably knows some of the higher ups that could lead to a partnership or investment down the road. Very, very, very good hire...for multiple reasons!
He could also be the reason for the small increase in Restricted Shares you'd pointed out. Bit of a hiring bonus and well worth it imo.
Again, great find!!!
TG
Nice find!!! There's some of the tie to big tobacco I was hoping for. Awesome man!!!
TG
LMAO! They've been real hush hush of late and I'm hoping that's because they are still counting all the money from sales. If what a previous poster had mentioned about the FDA filing fees is correct, then I have to imagine they are doing quite well if they can fork over $11 million for all 11 applications.
Being a QB stock now, they can't just make some sort of financing arrangement without issuing an 8k, so I'm guessing/hoping it's profit from this quarters sales.
Hard to say, but so far these guys have shown me that they may not give many updates, but they know what they're doing and have a solid plan...I guess they'll just let the numbers speak for themselves.
GLTY and AIMO,
TG
Might have to "force stop" the app and try again. I get issues regularly with the ihub app. I don't recall ever having that problem on my laptop...seems to just be an app issue.
TG
Oh damn! It's a million an application??? Wow! That in and of itself will wipe out some competitors! Do you have any idea how long the FDA will take to finalize applications? I know the deadline to submit is 9/9, but I figure it's the FDA, so the approval could take awhile. I'm hoping they can get these apps approved by years end.
TG
Lol...my real dream come true is this coming in with 100 million revenues, a share restructure and price over $3.00! And soon we'll know if that is going to happen! I think you, I and many others would be much happier with that dream than the one we're working through right now.
My other dream come true would be a well connected tobacco or cannabis heavyweight sitting on the board, announcement of expansion into other countries and heck, we'll throw in one more... a cannabis acquisition! Now that's one heck of a dream:)
Rather confident we'll be back over a dollar pretty soon!
GLTY and AIMO,
TG
Also wicked right off the 76 Fib on the weekly chart and with a quick recovery over the 61 is very bullish to go back up quick (it's already recovered over that). The weekly chart for KAVL has been extremely reliable for this stock!
The 50 fib is at .71 and I'm confident we close right near there or higher.
GLTA and AIMO,
TG
Yeah, we had too much resistance at 50 a couple weeks ago and I figured we would test it (didn't want to, but just happens so often).
Huge positive is we tested it on very low volume and it wasn't any kind of massive selloff. Should recover real quick and get this going north again. Whoever programs these algos really likes those retests!
TG
Let's hope that is the quick move I was hoping for (not that I was hoping for it to get here, but hoping "if" it got here it would be a quick move) and now we can move on back into the 80's to consolidate and make our pre earnings run shortly after.
Based on how the bid and ask are moving it certainly looks like the move I was talking about. Currently a 4 digit bid is always a first sign it might be an algo messin' with price.
Let's see if that bid keeps creeping up if nobody is hitting it...my bet...it will and we'll close over 70, maybe up near and/or over 80 today.
GLTA and AIMO,
TG
The FDA is starting to regulate the vape industry more and vape manufacturers need to submit applications to register their products by 9/9/20 to comply. Here is a link:
Submit Tobacco Product Applications for Deemed Tobacco Products
Hope this helps,
TG
I agree, it does look like the real deal. I'm thinking more short term in my price projections. I think people will initially be disappointed with "only" another 22 million, especially with the shares structured the way they currently are.
Once it settles in and people really think about the fact that this brand new company is on pace to make 88 million annually (again, this is "if" they were to "only" hit 22 million), then the accumulation begins and up we go. Imo, it just takes longer to get where we want to go. Just initially there is a selloff that eventually recovers.
I have to admit I was absolutely floored by their last earnings and am hoping they can bring the same level of shock and awe to my senses this quarter:) I'm all for $3+ per share here and nobody will be smiling larger than me!
GLTA and AIMO,
TG
We are forming a beautiful cup and handle on the weekly. Thought .40 was coming this week, but it looks like we ran into some overhead money and sellers that were able to buy in the single digits. If this cup formation holds true, then we'll be in for that 40 cent run very soon. If so it will start next week and either get to the 40's by Friday or may need to carry over into the following week. Either way 40's are coming soon!
GLTA and AIMO,
TG
And there is probably lots of others thinking the same thing...Lickin' their chops for a shot to buy more lower and that's why, if (I stress if) we get back to that 50 cent range I don't think it lasts long. Too many people will consider that a huge discount and jump at the opp to buy with earnings only a few weeks away.
My very rough earnings estimates and price:
1) Similar to last quarter at 22 million = We find a solid home in the 40-60 cent range.
2) 35 million+ = we find a home in this range of .70 to $1.00
3) 50 million+ = We find a home north of $1.00 and land in a $1.25 to $1.50 range
4) 100 million+ = We break $2.00 fairly easy and may make a run for the $3.00+ mark. Obviously this is my favorite option:)
If we are going to retest the 50'ish cent range it would be nice to have a real quick move tomorrow and get all the negative crap out of the way this week and hopefully start to ramp up for a pre earnings run next week.
I personally don't think earnings are coming out until closer to months end and I know some others think it will be about mid month. Either way, we have a minimum of a week to get all this technical price stuff out of the way and eventually rocket higher!
GLTA and AIMO,
TG
Also a backside test of our previous resistance zone. The two (50 and test) should offer some real strong support now and as you said I think we'd bounce hard and move north again in a hurry. That said, I'm not sure we even get there, but also am not surprised if we do.
TG
I'm confused...Are you saying you're going to dump your "million" shares (that you claim to have bought at a penny) into the bid? Or do you think we'll be going that low and you'll be adding to your large position?
If it is option A, then why not do it now? Do you have some sort of restriction on your "million" shares? What would stop you from offloading right now at .70? Do you enjoy losing money? Again, confused.
Sounds a little fishy to me, but hey...whatever! To each his own.
GLTA and AIMO,
TG
<30 is considered oversold <20 extreme oversold and 70+ overbought and 80+ extreme overbought. That said, many people consider the range between 70 and 80 to be the boom zone.
Hope this helps,
TG
I had mentioned a little while back that I thought we'd hit this 70'ish to 85 cent range before we got to a dollar and we'd tread water here for a bit and that's what it looks like it wants to do now...Only difference is we raced to a dollar before settling back down to this range vs initially hitting some resistance here.
IMO, there is nothing to worry about here...Been awhile since an update and with little bid support even the smallest sells take this down. Get these weaker hands out here however and next time we move up we smash through a dollar much easier.
Key support levels I'm looking at are around .72, .63 and .51. I'd also mentioned before that we may come back and retest the previous .50 resistance and we still might...I hope not, but it's a possibility.
That said, we should find A LOT of buyers in that range if we get there and I wouldn't expect a move that far south would last long at all.
So, all I can say to longs is to know what you own and don't get spooked by a short term correction that is 100% expected when a stock makes a move as big as KAVL has in such a relatively short time.
Actually held up really well considering no updates. We should have an earnings run that will get us back to the dollar range and with stellar earnings we sail past it...Really want to see a share restructure announced prior to and/or at the same time. Would help a lot imo.
GLTA and AIMO,
TG
The ask there looks about like what I'm estimating we look like by weeks end or early next week. Wipe out whatever is left at 1.07'ish and it will be a quick hop, skip and a jump up to that 1.30 range.
Every week closer to earnings we get, there will be building anticipation and fewer and fewer shares available to buy cheap. I think we are in for a real nice POP soon!
GLTY and AIMO,
TG
Pros loading up for the next leg imo
TG
No. Never said that. One might come, but this is going to the targets I've outlined with or without one and it is going to happen soon!
If it's promoted, might help it get there faster, but doesn't need one. The company putting out product launch news also helps, but this goes with or without either.
Some TA and anticipation/speculation is all it will take to get this beast roaring again. 40's will be here in the blink of an eye, then soon after 70's and then we make a run at the All Time Highs!
GLTY and AIMO,
TG
Well, it's hard to argue when your projections are higher than mine...lol
That said, there was about 8 weeks of resistance in the low 70's and was a major turning point when the cup formed and the handle broke down, so I'm suspecting we'll have more resistance there than in the 40's.
I like your plan better though:)
GLTY and AIMO,
TG
Agreed. The company might beat the promo guys to it however, because it looks like they're ready to launch soon. A nice, juicy PR with a promotion, now that could send us soaring in a hurry!:)
TG
And 50 will be crossing soon! Like I said, 40'ish really soon (probably next week), .75 soon after and then make a run for the All Time High!
The chart is screaming for it and with product launch coming soon, in a hot sector, with a unique selling proposition and a top notch/high level management team, well boys and girls, I think we're on to something here:)
GLTY and AIMO,
TG
My guess is we go over it and come back to close there...Just a guesstimate, nothing really backing that up:) Just to think $1.10 is going to be cheap soon!
It's all a guesstimate at this point...I only know .005 stinky pinky stocks, what's with all this dollar nonsense??? It's all Greek to me:) LOL
TG