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Hahaha summer doldrums, love it. I remember rookies talking about it, but then it never happened.
Why do you say that?
What do you think ETA is on uplist? I saw the PR in May about the audit. So coming up on 3 months.
5. Too small still, but I like that the HQ is near Pepsi.
Sweet! Go KGKG!
Just think where we will be by Q3 fins, with the new sales team alone, not even talking about recorders or uplist, like, this is really going to explode! Just hope we have visibility. Can be the greatest start up hemp drink company ever but PPS won't move if no one knows about it. Really bothered me last month that their fins didnt hit news wires.
Same, cant get enough of all these positives. Looks like PPS to follow! I had a deadline of post Q2 fins, because I have too much tied up into KGKG, but I'm going to move some things around to be able to hold on to my shares much longer. I think in the intermediate to long term this is going to make us all alot of money.
It's going to be a glorious rest of the year! Go KGKG!
Check out KGKG guys, it's a hemp energy drink stock, similar O/S, but PPS is almost 3x what CBMJ is. A real gem. With that said, go CBMJ!
Completely agreed. I broke out the cost and ROI a few months ago when crypto was still some what strong. Now it's just not even worth it at all, especially if it's not your primary business. Glad to see RC come around on that. Shows he is not only an out of the box thinker, but can also make smart business decisions in the market.
Good morning KGKG. Looks like the PR is doing some work this morning, or did vNDM finally disappear? I guess either way, we still have the official update and fins by end of week or early next, hope it hits news wires too, and see this really take off! Then follow it up in Q3 with an uplist, then we can all laugh at rookies on our way to the bank.
Love all the new names in here the last few weeks. Good sign in and of itself. Summer is heating up! I just really hope the fins hit the news wire this time. That has been the main problem with all the positives lately, no visibility.
I bet that's the exact reason for his departure. Nice catch!
Also very smart move to sell BitHive. The ROI is just too high on that, but also as mentioned in this morning's PR, it allows them to focus on their core business. RC is always impressing. Go KGKG!
Another great PR today. Q2 fins out this month that will show record sales, new HQ is perfect timing for refilling large recorders. Hold on tight.
In my opinion the uplist will be what sends us flying. Being on a higher tier market should do 2 things imo. Bring more visibility to the stock, and validate them as a legit company instead of a stinky pinky, which some distributors require anyways. I want to believe the record sales from April and Q2 will be enough too, but their fins never seem to hit news wires so no one has a clue of its greatness.
Hemp legalized and VATE acquired a coffee/canning company, plus uplist within 30 days. Think about just that for a second how that affects KGKG. Uplist fir is soon too I'm sure! We are going to explode within the next month or 2 watch!
Anyone know how much VNDM is selling per day roughly? I figure on average must be 100k/day. So 10 business days aka 2 weeks is only 1m shares. If Thornburg is just trying to unload it all over time regardless of price, then we are looking at VNDM being around for over a year. Sure he may flash 100k extra here and there or get in on news so may be alot less but something to think about. Hopefully uplist news will come soon and kill him off for good and we all get loaded.
As I read the news today, I thought of your previous updates, especially the exponential sales part. I see 3 great updates in today's news. 1st is the new record sales and quarter, 2nd is the facility move in update, and 3rd is the uplist progress with their auditor, freaking awesome! Oh and new distributor is nice haha! Q2 fins will be glorious, but will it hit the news wire and give visibility? Let's put it this way, the uplist will definitely give visibility and PPS will skyrocket, just hope it's by end of July/August personally. :)
Good man
I really hope not. Tax write offs aren't the end of the world, but I want to make money not lose it haha! So hopefully it comes back. Also, if people knew all the variables that can cause a site outage, even in a highly redundant web host, they would be mind blown. With that said guys, the company site was not down, it could be reached via konagold.com.
Sites go down all the time, they weren't down, the main domain name was ul. The secondary www record was not. Yes that can decrease traffic especially older adults, but let's be honest here, the chances it caused any real business impact is probably 0. We are all salty about the PPS right now. We will see what Q2 fins bring with the record April sales, and new sales team. I'm out after Q2 fins either way personally, just hoping it comes back first. Cant have my money tied up much longer.
They just added a www record in their public DNS. Likely the web hosts fault, since they should have added that record when they brought up the site. No big deal. Most people just use root domain names these days anyways.
As an IT security professional I have some ideas and methods, but prefer to play fair first. I can promise you guys I can make RSPs life hell.
1 + 1 doesn't equal 3, they have nothing to do with VNDM. It's just restricted coming due and hitting the float. Simple.
It also shows that RC is mindful of the share structure and shareholder value. Always a plus in my opinion.
Not all dilution is debt. The dilution is from insiders with restricted shares coming due, that increases the float when unrestricted. If it were debt, the OS would increase along with the float, and that isn't the case here. Just bad timing with all restricted coming due, likely why they retired 160m shares, to help offset the impending restricted coming unrestricted.
I think FallingKnife was looking into that after doing that count of restricted shares left.
His comment as are very uplifting, and a good reminder of what is to come. Companies dont move into bigger HQs and hire more sales when they are having issues, I see no way that this could ever hit sub penny again. Any dips from here are loading.
April was a record sales month, bigger revs than any quarter. So Q2 should be pretty impressive. Then Q3 with new sales team. Exponential growth by then.
No visibility, no volume. The huge news fizzled because the news wires dont get Pink financials apparently. Just need more visibility, too unknown.
I suppose I am now. Very small position purchased April 17, but I loaded up in mid February, so 3 months lol. I was the 1 trading ask slaps with someone else on the board I forget who. We pushed the price up to .018, that week, haha, was so fun. Wish I had more and spread it out more to slap slap slap
Love it, go KGKG!
Completely agree, tough to give a hard deadline, but to go a year without an update, then saying, "we will provide milestones with the impending uplist as they are met" literally tells us they haven't even started yet... after an entire year!!! Very frustrating. If they were serious last year when they posted that, they would have had all their ducks in a row soon as we hit the 30 day req, but they didnt. Which is odd, since they have been so transparent with everything else. It's almost like they just wanted to boast to prop up PPS at the time, but it was more of an after thought or a stretch goal, which they should have said instead of saying 2017. It heats me up guys, sorry, I'm not a basher, I am usually a cheerleader here. Excited where this will be this year now that they seem to be more serious about the uplist.
Only because it's a big item. If crypto didnt happen, no one would care. Uplist is a super catalyst, validates the company, meets requirements for big boy distributors. I mean audited find and higher standard is huge. Like RSP said, Pink is the wild west, unlike OTCQB. The lack of progress is what's been frustrating. Comes across poorly, BUT in the scheme of things, we have plenty other positives. I just wouldnt marginalize or downplay the uplist, it is ridiculous at this point, no matter how you sell it.
KGKG must be a flippers dream. Almost to the T, every Wednesday the rise starts, then falls Monday, rinse repeat lol. Did that 450k slap kill VNDM once and for all?
It's tough to say. The intrinsic value is hard for people to see or understand. Some say the intrinsic value is really what it takes to mine a coin (i.e. electricity cost, hardware, time, etc...). Others say it's the idea of the coin itself, that you can exchange crypto for any other coin, or in BTC's case can even use to pay for drinks in a bar or convert to cash at a BTC ATM. There is definitely value there, but I just dont know if it will survive long term. All it takes is BTCs block chain to become compromised, yes decentralization helps, but I'm telling you, nothing is unhackable long term. Could you imagine if 1 of these coins were compromised, would kill the entire thing. Also I work in the IT industry, specifically with banks, and I know bankers hate the tech, anything unregulated AND used by criminals is always a concern for them. The tangibles are hard for people to see. I think we will be fine until all coins are uncovered which for BTC is by 2020 I think. Remember these alt coins are exchanged for BTC first to be able to convert to USD or EUR, which is why I like ZEC, it can be exchanged directly for USD on some exchanges. Also, ZEC is a true anonymous currency, which is its popularity. I just think it's too volatile to invest heavily in, unlike KGKG :) haha!
No problem, I can do better. Here is a breakdown for 6 high end GPUs (1080 Ti's), running ~5,000 h/s on equihash algorithm like Etherium or ZCash. I used $.13/kWh which is what I pay for electricity. I added a 1% pool fee too since you would definitely run this in a pool. Only other fee's not taken I to account would depend on the exchange you trade your mind coins from, as well as any wire transfer fees. I sold some ZEC today and Kraken charged a $5 fee for trade, plus my bank charges $20 for wire transfer. Keep in mind the 1080 Ti is selling for as much as $1,000-$1,200 since you cant get ahold of the hardware, well over its $700 value. So say $6k in just GPUs, then another $300-$500 for a base mining platform. ZEC popped today thanks to Winkelvoss twins new ZCash Exchange Gemini, so IF the $350 per coin stays constant meaning no drops or raises (highly unlikely, crypto is crazy volatile), and you do $440 a month profit, with your $6,500 in hardware, you'd have an ROI of almost 15 months. So it's worse than when I last ran the numbers.
http://whattomine.com/coins/166-zec-equihash?utf8=?&hr=5000&p=1500&fee=1&cost=0.13&hcost=0.0&commit=Calculate
It comes down to cost of hardware vs hashing rate, and if hes doing high hash, then he has a lot in hardware. I've tried scaling my own hardware to get the best ROI, but it's always around 9 months. Doesn't matter how cool your air is, and electricity is peanuts unless you have tons of hardware. I run my 1080 Ti's at 75 TDP, with a fairly aggressive fan profile to keep them under 70 C. I'm not saying those factors you mentioned won't help, but it's not a game changer to be honest with you.
The idea of an additional revenue stream is not bad but this shouldn't be hyped, feels like he was just getting on the crypto bandwagon to try and drive the PPS up. If he gets serious with it and it expands, could be a nice.
Love the DD. Do we know when RC's bulk of shares become unrestricted? Could VNDM be his shares slowly coming unrestricted?