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Stop cherry picking data and look at the bigger picture. $28.6k is gross revenue which is as much as they did their entire 2017. Clearly they are growing exponentially. Retiring shares, owning large amount of VATEs shares, real products, new distributors, audit for uplist almost complete. It's tough to find any negatives actually.
It's not about moving PPS, its about getting the latest info from the company to the board. Any potential investor will enjoy reading the latest info so they can make their own observations and do their own DD. Could you imagine if a new investor came in and just saw posts about stinky pinks, and management fees, and VNDM. If said potential investor saw such things from rookies, they may not even do DD and just move on.
I love how our stock seems to have reacted to VATE uplist news today. Makes sense though since KGKG owns 148m VATE shares!!! Keep it going KGKG!
Incorrect. KGKG had 160% increase in revenue over previous quarter. In fact gross profits were $28.6k compared to the $3-5k they had been doing during the start up phase. Clearly explosive growth, and with all the new distributors, we can definitely see where this company is headed, and it's going to be green for investors. :)
It's been out since late Friday, so not even 2 full business days. Definitely sticky worthy with tons of great details potential investors should know.
Hmmmmmmm... only a rookie would read the KGKG CEO Letter and say there is no transparency that or a blind person. Go KGKG! Keep up the transparency and increasing shareholder value!
Kona Gold Solutions has been undergoing an audit by a PCAOB independent public accountant, which
we anticipate to be completed this quarter. We will continue to update our shareholders as we move
forward with our audit and continue to meet all requirements in our efforts to uplist to the OTCQB
market tier.
We are hiring at Kona Gold and I’m excited to announce we are very close to hiring a new V.P. of Sales
for the company. The Company has been seeking a seasoned veteran in the beverage industry with
more than 10 years of experience and a proven track record that will take sales to the next level. We
plan to make an announcement on filling this position toward the end of this month or early September.
The Company is also interviewing for an outside sales position in Orlando, FL and are looking to have this
position filled very soon.
The Company has seen huge demand for its HighDrate CBD Energy Waters and has begun another
production run after selling more than 10,000 units from launching in late December. Demand from
distributors and retailers around the country continues to grow
at a rapid pace and we do not anticipate this to slow down. We
continue to focus on our CBD products as demand continues to
increase in this exciting growth market.
Kona Gold is in the process of formulating its new hemp infused energy drink
that will have the same great taste that consumers love, but with healthier
ingredients. Our new hemp infused energy drinks will not only have healthier
premium ingredients, but will have more organic hemp, a little more caffeine,
and best of all, will come in a bigger 12 oz. slim line printed can. Production will begin soon on the
company’s popular original and sugar free flavors, with plans to add some exciting flavors to Kona Gold’s
Hemp Energy Drink line up in the near future.
Kona Gold had record sales during the second quarter of 2018, increasing revenue by over 160% from
the previous quarter. The increase in sales was driven by the culmination of bringing on new
distribution partners, sales from new and existing retailers, Amazon sales, and direct website sales. The
Company continues to see record growth to date and will be ramping up production of our Kona Gold
Hemp Energy Drinks and HighDrate CBD Energy Waters in the coming weeks.
Late on sticky, but better late than never. Especially for good news!
They are a certifying board. They have accountants that handle the audits. VATE used a private party to do theirs. KGKG is using the PCAOB. Not that it matters because the uplist will be done by end of quarter.
I can make it easier. Public Company Accounting Oversight Board
Also KGKG is the most transparent Pink sheet I've ever seen. RC has been forward on everything, in fact he has raised shareholder value through the retiring of shares. On top of that, this company until now has been a start up. Imagine starting a company and able to do everything they have done, while being publicly listed, most wouldnt last a day. Not to mention, the only undeliverable hes had had been uplist which we now have a progress update of end of quarter.
For the 5th time, PCAOB.
Huge news guys, congrats! Enjoy the PPS bump.
PCAOB auditor. Audit to be done by end of quarter. I cant be any more clear on this.
They just announced their uplist 15 Min ago too!
Exactly why I'm still in it, find an undervalued gem like this, you hold on to it.
Well said sir. Basic security too, no need to announce the name of the actual auditor, and it will be finished in 6 weeks time anyways, uplist soon! Hang on tight!
Great points, but also, the CEO letter said by end of quarter, so in 6 weeks or so, we should have a completed audit. :)
Looking at OTCQB requirements, once the audit is complete this quarter, they should be in the clear to uplist!!! So we definitely want .01 to hold.
Funny how a PPS dip scares people. If you are committed and know the stock is undervalued, dont worry about the temporary mountains and valleys. PPS will correct, as sales keep churning, and uplist gains us exposure, all will be well. This isnt a get rich quick flipper stock.l, in fact it just finished its 3 year start up phase. Needs more time, though we should see a healthy PPS bump soon from the uplist as the audit will be completed this quarter according to Friday's PR!
They are in final negotiations with a sales vet in the industry, plus 1 of the 2 employees is the VP of sales, who I'm sure is assisting with building the sales team. They've been wanting to build a sales team for awhile and were waiting for additional space of the new HQ to do so. Its listed in a few PRs including the latest 1.
It wasnt RC it was Thornburg, previous managment. He should be almost done or done.
Every company has restricted shares come due, that is not dilution, and is normal.
There is no dilution ot manipulation, in fact they retired 160m shares and gained 160m VATE shares. Plus with the new HQ, sales team, and record sales, nothing but positives here. Cant wait for the uplist and to see what comes in Q3.
160% increase not enough for you lol? April sales were all of 2017 combined. Not bad for a growing startup. More stores added by distributors every day, watch for exponential growth
When is uplist due here?
It cant close below a penny, or 30 day resets.
Low volume isnt a sell off. You've also been claiming a death cross for over a month now, then we bounce back up. If you look at stockta.com you can see candles with bearish names but then days or bullish names of candles, its meaningless unless sustained, it just means that type of candle is a possible start of a trend. You do realize we haven't been under a penny in like a year right?
My personal prediction of when uplist will be completed is by EOY, hoping Q3, but you just dont know. The good news is it's back on track according to recent PRs, so we will see, all about prioritizing. Would love to see an update soon.
Once we uplist, for sure. Until then, it's been proven quarter over quarter that quarterly has no impact on PPS because the reports do not hit newswires. That or some other catalyst like an acquisition or major retailer could do it too.
Still, it's 1 person on a low volume day. Doesnt really mean anything.
It's funny you say that, the business cards I made have the gold and black colors with a white stock, so it looks like the Kona Gold cans.
So I made my first retailer order of KGKG. I'm not sure how much I can really say price wise, but I do know the MOQ for distributors is 1 pallet or 160 cases. Keep this in mind every time you see a new distributor PR. The profit margins are very good for distributors, hence my goal. I've got my inventory management system in place for product/sales/invoice management, that is going to give me an edge up on other distributors whol are still using pen and paper or excel spreadsheets. Literally can add a customer, create a quote, purchase order, and email an invoice on the fly. I have been list of potential customers, ive memorized my margins, and reaching out to potential leads. Next up is bringing sell sheets, promo items, and ice cold product for sampling. Not bad for a few hours of work for an IT guy.
Getting super pumped for some old fashioned grass roots sales work guys! If things go well, I'll definitely be placing an MOQ, so we can be the first distributor in WI. With that said, I'll be going quite on the progress of that stretch goal to be safe, plus you will know how I make out if you see a PR for the first distributor in WI. Wish me luck! :)
fantastic.
We know, I brought that up last week when rookies were talking trash.