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Mine should be here tomorrow. Excited to try the sugar free this time. The waters are really good too, they ha e this dryness to them, kind of unique, likely the CBD.
Looking at VATEs chart, the 200m release on 3/13 triggered a jump in PPS before plummeting again almost right away... then it ran all the way to 7 cents last week. So if this reacts the similarity to our sister company, then in the next week or 2 we will start to see the crazy rise in PPS. The rise for VATE seemed to be with the financials showing the retired shares. So we may need to wait for next find to release before we see the meteoric rise.
I was overthinking it, like I was thinking the PPS should go up once the retired shares have settled, since there are less shares available to trade, increasing PPS. But realized the bid/ask always determines the price, so it's up to sellers to increase the price by selling at a much higher PPS since there are less shares, but of course no rule to enforce that since free market trading.
So in theory, tomorrow is 3 business days since 4/19 retired shares transaction, assuming they were purchased and retired on the same day, which we would have seen in volume at some point? Or is 4/19 just when they finished the last of the 160m shares for retirement? I guess, will we see a 30% increase tomorrow since 30% of shares were retired, since everything will be settled, or will it be a non event, like PPS right now won't change tomorrow outside of the normal trading ofc.
I'm confused, why is this red today? Explosive news late last week. I get lack of volume, but red? Are people insane?
Completely agree on everything you mentioned. I want an uplist so bad not just because its always a PPS raiser, but also it should get KGKG in front of more eyes, and in turn more volume. It'd be nice to see the uplist by end of Q2, which seems very possible, or even likely, based on justhefax's timeline he posted last week.
I've done some more research on VNDM and market makers in general. Some may already know this, but just because an mm has been associated with dilution in the past, does not mean all of the markets they are making, they are diluting... Apparently this is a common misunderstanding of market makers. Most stocks have multiple market makers, and uplisting requirements for something like the NASDAQ require at least 3 market makers to even uplist. So seeing VNDM on the ask is nothing special from my understanding. Looking at their site, they are ranked #3 in market share on OTC markets, so they've probably been on L2 before at some point. As long as they don't have endless 10k blocks up on the ask, we should be OK. :)
Yeah but not surprised after seeing VATEs reaction after share retirement. Once these shares settle, PPS should jump up. So what, like Monday or Tuesday? Just need more volume, more eyes on this thing, still so new. Uplist would help with that I would think.
I didn't say I was holding for 2 years. I'm saying the company is a start up and in their 2nd year. Original docs I found was a 3 year phase for start up of KGKG.
Likely to do with the retired shares I'm sure.
It'll come, remember this is in year 2 of a 3 year start up. Keep making headlines like this week, and volume will come. Uplist is still in pipeline which should gain tons of interest. I'm fine watching this steadily climb before the explosion.
Yeah I just noticed that. I was able to get it going with the code. Interesting the invoice email still has the link to, "pay online" even if you already paid with Amazon Pay, kind of goofy. Oh well, I'm sure RC knows how to tell if something's been paid or not.
The code only worked for the hemp drinks. didn't take for CBD waters for some reason.
It was a small position then, but in February I jumped back in much bigger, which was great, as it started a run to 18's at the time haha. So much fun slapping the ask day after day. Glad to see things moving again with all of these catalysts. It will only go higher and higher from here. These levels may be gone forever once shares settle from retirment, but also, when fins have those 148mm VATE shares, its gone from these levels. I do believe RC on the uplist, but without any sort of time frame, tough to say when that will be. I know he said this year, so we will see. That would be the cherry on the top, really push us higher. Meanwhile, company sales increase etc.... Very exciting!
Thanks for the heads up. My wife wants me to order more of those tasty waters. I also wouldn't mind getting another pack of the hemp energy, maybe i'll try the sugar free this time though.
I bought in last April at .007. I've done well already and looking like this thing is destined for .03+ in the near future, and maybe even .05+ by end of year imo. Being conservative in my estimate. Many here would tell you 10 cents+ by end of year, really comes down to sales and expansion. Now that they have a sales team in place in the new HQ (which is next to Pepsi btw, coincidence?).
Speaking of VATE. When the 200mm shares news released, I remember how soft it was for awhile, then just suddenly it kept creeping up, and up, slowly but surely it hit 7 cents. Only recently it started to really ramp up. We can't expect 100% per day with the news we received, but it's going to keep going. Still have VATE shares to hit fins and really help PPS. Also, uplist should be cherry on the top.
You notice the header they used on news today? New logo? Kinda cool.
I'm fine with 18% per day until uplist;)
I remember watching VATE when 200 mm share retire hit. Was shocked it was red, but where is it now? I'm telling you man. Give it time, it will skyrocket. Run into other catalysts on the way up. Completely revitalized this stock. Even if tomorrow were to be a red day. Drop in the bucket at this point.
Calm before the storm brother.
People need to slap the ask and get on board. Also anyone selling right now is nuts.
Holy $h1t!!! Here we go baby! Ride this until uplist hopefully.
Im not so sure. The same ticker across other hemp stocks. Likely computer, and you and I don't necessarily think of KGKG as a hemp stock, but to a computer...
Good luck proving an MM is manipulating stock prices. That's like their job lol. I know what you mean though, frustrating, holding a stock/stocks down like that.
VATE board had OTCX too today. I saw something on their boards today that said that OTCX is just a mm, and that mm's are holding down the entire hemp/mj sector this week, likely going to let it run when senate passes the hemp bill.
In fairness it has been a year since uplisting news, otherwise, completely agree.
Any VATE shareholders have an opinion? I know what KGKG shareholders think. Curious what our VATE brethren think.
I still think positives outweigh the negatives on this one. I just don't like where the PPS is right now, and lack of progress updates on things promised a year ago. Hopefully get some good news on the Q1. I mean if those VATE shares are on the Q1, this thing goes to the moon. If not, then we are stuck for the summer until Q2 comes out, then they have to have on the balance sheet I would assume. Either way, I see this only going up, just haven't figured out the timing.
Agree with you, but RSP's question is still valid, where did the 25 mil come from. I just assume to pay for expenses for the quarter, since 25 mil at lets say, 1 cent, is like $250k, which should run them for a quarter. My guess they tapped those shares early Q4, so just seeing it now.
What is everyone's take on the 148m shares of VATE that KGKG owns unrestricted now? I know 41m of those shares went to KGKG investors, but I wonder if the ~100m left could have been part of the retired shares that were announced last month? Though how would that benefit Robert Clark, unless VATE is lining up a buy out of KGKG? Curious what VATE shareholders think of all of this.
I hope so, could be pretty awesome.
I don't think KGKG as a hemp stock though personally, I think of it as an energy drink stock. I mean they add hemp protein powder like what you find at GNC to the drink. I know when it comes to the stock market though, it's trying to guess what the public thinks, and they may think of it as a hemp stock. Guess we will find out.
Yeah, the future looks good, just hope some of our frustrations are at least addressed soon. Also, looks like maybe the MM's are letting this run a little? Bid's moved up and someone tapped 129's. Like Luho was saying, someone's trying to load, problem is not enough volume at 11's 12's to load haha.
A typical SEC audit for uplist is 3-6 weeks, depending on bookkeeping, so 1 year is pushing that just a tad. Even if we go by the 30 day bid price mark in December, we are still talking over 90 days, it is becoming laughable, no matter how you look at it. I do think it will eventually happen though. Who knows maybe they were waiting for the unrestricted shares to come through.
Also remember, the exec date was 4/5. I literally bought KGKG on that day, but would have had to been completed before the date. I think 3 days, something like that.
I'm usually one of the cheerleaders, but I'm starting to get pretty frustrated. I need to look at pulling at least a portion of my position out for now. I don't want to sit through the next quarter and a half in sub penny's waiting for news. I do think this will be profitable later this year, but I can't wait that long unfortunately. I'll still have a position in KGKG, I just can't keep the entire position the way things are right now. Funny how naive I was in February to think we'd have audited fins and an uplist by now. I seriously remember thinking, "yes 30 day mark! the company will probably have everything ready to go now that they met that last requirement, any day we should see the fins and uplist, lets do this!!!". I see 2 months later in that CEO letter just how wrong I was. Very frustrating.
If we hit sub penny and that resistance breaks, this stock is doomed. May even hit triple 0's because uplist is off the table at that point, at a minimum of 30 days, but then you have to think. Without a catalyst, there is nothing to raise it back over the penny bid at that point. Could be catastrophic. If we touch 11's again, I'm out, too risky at that point. RC has really disappointed recently. Absolutely no reason he can't share where in the uplist process they are, instead, he gives a vague "uplist in 2018" response. Yes, I know he won't give specific dates, I get that, but he could say, "we are in the middle of an audit", or "we will be starting the audit soon". It's literally been a full year since they announced the uplist, yes I understand requirements have changed, but as our buddy RSP has mentioned, they should have their ducks in a row by now, but instead looks like he's going to let this drop to sub penny.
Also no news about the 148m VATE shares, like that should be a massive catalyst for him to push, unless he likes his stock hitting sub penny. He can do more to add share holder value here, instead of posting fluff news about his hobby's. What a blunder, I mean a positive CEO letter, followed up with how his hobby is going, come on, any public CEO should know better.
Meanwhile VATE takes off, almost makes you wonder if KGKG is just a side hobby like his mining. Sorry, needed to vent guys, getting fed up with this one.
How does L2 look?