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It looks like someone is trying to entice some selling to me. I don't know why they would keep chasing the ask "down" like they are unless they are also on the other side (bid) waiting to catch a big sell order from someone that gets spooked.
Imo, someone would have to be 100% asleep at the wheel with today's uplist, recent earnings and lots of possibilities going forward to sell here in any kind of panic. But, you never know. Frustrating to watch, but if a juicy PR hits that 100k will disappear in seconds!
GLTA and AIMO,
TG
IT'S OFFICIAL! OTCQB on OTC Markets. No idea why it updated after hours, but it's there, check it out:
KAVL is Now OTCQB
TG
Thanks Manti. You helped me save face:) I thought they only got the certification once everything had been submitted, not necessarily reviewed yet, but submitted and ready for review. Therefore, 3 days seemed reasonable with what I'd remembered in past uplist plays.
I'll do the same if some money frees up, I think we could (based on potential future earnings and lots of possible news angles) go significantly higher from here.
Just have a feeling this next update is going to be something the market, on a much larger scale, is going to take notice of. We'll see soon enough I suppose.
GLTY and AIMO,
TG
I agree on the PR, I feel like we're due for one. Like one is going to hit the wires any minute. Maybe the silence is a good thing...bit of quiet period before the storm. Could be closing a M&A deal and gone kind of dark until the details are ironed out...hmmm...who knows.
I am very confident we're golden here though, just eager to know. Get too used to the pump and dumps where they fill you up with news every couple of days until the dump is done, but this is legit here (VERY legit:) and I guess we have to wait until something legitimate gets finalized before we get an update.
GLTY and AIMO,
TG
Sorry about the 3 day approximation on the uplist. Could have sworn that was about what it had been in the past, but it's been awhile. Might of got it crossed up with a pink yield to pink current. Didn't mean to mislead anyone. At this point, whenever it happens (it will happen that I'm quite confident of) I'm just hoping we get a PR along with it and that should get this ball rolling again.
In the meantime I'll just continue to wait 'im'patiently:)
GLTA and AIMO,
TG
Agree with you on the targets! Mine went waaaay higher than I was originally planning.
Regarding news, I'd like to think that if we didn't get some sort of update soon, especially if the update happens in the next few days, then I'd have to start wondering if we were in some sort of quiet period.
I'm quite confident there is a lot going on behind the scenes and if an uplist (which is not as blockbuster as their earnings were, but still PR worthy) doesn't get us a PR, then I'm thinking there is something much bigger in the works.
Hard to say what they'll do or have done, but I'm feeling we get some shock and awe when they do decide to release the next update.
GLTA and AIMO,
TG
I'm pretty sure we'll be hearing about something along these lines in the not too distant future. They have to know what that would do to boost the share price. I suspect we'd make a really nice move soon after. I think July is going to be a great month for some updates and I think (fingers crossed) they start rolling out next week.
TG
Yes, the 33 million is low, but the 572 mil OS is the problem. It gives a distorted view of our current market cap when in reality it was simply the control block so that the CEO took complete control of the shell (at the time) and the shell couldn't be the target of a hostile takeover.
If the 500mil control block can be restructured in a way as to not effect the market cap it would give a more realistic market cap calculation.
Of course, in a buyout scenario (which imo is not a short term factor) it would potentially come into play, but for new investors coming in (especially those unwilling to dive deep into 10Q's and 10K's) the market cap serves as a "quick glance" indication of whether the company is over valued or not.
I think all of us on this board are in agreement we are currently not over valued by any stretch of the imagination...I mean 22 million in revenues for one quarter of the years business is in and of itself a relatively unheard of accomplishment on the OTC, but to do it in the first 2 months of operations...well, that's just stellar!
Currently we sit at 572,364,574 x .413 a share = $236,386,569 market cap. Take out the 500mil and we look like this = 72,364,574 x .413 = $29,886,569 market cap. Needless to say that is a HUMONGOUS difference!
Now, divide the 236,386,569 by the 29,886,569 and you've got close to 8. Now take 8 times our current share price of .413 and you come to the magical, smile inducing :) share price of $3.30!
My guess is a restructure of the OS brings us to a minimum of $1.50 per share, which still induces large smiles, at least for this shareholder:)
GLTA and AIMO,
TG
Definite possibility and I would agree from the liability standpoint. Could also acquire something else none of us know of at the moment. It's fun to see what these guys come up with.
TG
The audited financials is usually the biggest hold up for the uplist and typically never happens (with your traditional Stinky Pinky anyway).
Fortunately with KAVL, mgmt had the foresight to audit them with last years 10K. These guys have a plan, are working it to perfection and I feel extremely fortunate to ride their coattails for as long as possible.
TG
Yes sir! They've hinted at multiple different things they are working on or towards and any one of them could send us north bound in a hurry. July should be a great month for updates and developments. Eager to see what these guys made the highest priority and accomplished first.
Personally I think their sights have been on the Nasdaq from day one and the Pink Sheets was sort of a fall back to raise money in the event their plan didn't kick off as fast as it has. Obviously they far exceeded any expectation I, and many others, could have ever had with their blockbuster earnings.
So to go Nasdaq, since they don't have 2 years of qualifying financials, KAVL would have to acquire BIDI and just the value of the "asset" that is the BIDI Stick, they would qualify.
Not saying this happens soon, but early next year is a possibility...Just thinking out loud here. Lots of cool scenarios here, but no matter which it turns out to be, a much higher price comes with just about any of them!
This OTCQB uplisting is imo a huge step in the right direction which further validates the legitimacy of the company and supports their expansion plans going forward.
GLTY and AIMO,
TG
Will probably update in about 2-3 days. Assuming all was submitted correctly and with these guys I'd have to assume it was. Monday, maybe Tuesday and we should be QB status. Hoping for a PR to announce that and anything else they feel like sharing...fingers crossed for that share restructure.
TG
Awesome, this is one of the things I've been waiting for (in fact, even checked them last night...good find). Next will hopefully be the share restructure. Take the 500mil control block and move that to a different class and lower the AS to 300-500 and this stock by default is $1.50 minimum. Not necessarily that it happens automatically, but it gets there fairly soon after imo.
The QB uplist attracts a different kind of investor as well (more money, more patience, more savvy), so with the next PR we'll have new money coming in with deeper pockets and usually higher time frames for investing.
All coming together...I'd hope for a PR next week showcasing the uplist and any other updates they've got for us.
GLTA and AIMO,
TG
You're charts are so much nicer looking than mine:) Used to be a fan of TOS, but now not so much. Once I started using NinjaTrader8 for futures I got spoiled by their platform.
You're chart looks like we're ready to pop the top anytime now. I'm definitely feeling good from a technical standpoint going into next week. I think we move with news or not. Although, as you say it will be fun to say the least with some...
GLTY and AIMO,
TG
It was just a test of the 38 Fib on the weekly. Not a big deal. It will probably rocket from here next week. Recover today and tomorrow and off to the races going into July.
Not very big volume, so not much concern...Just a little guy relying on his/her discount broker to sell shares for them.
As you've mentioned though, if we get news/8k with some exciting developments we're off to the races at any moment...charts or no charts:)
GLTY and AIMO,
TG
Great call!
Extremely relevant fact:
With still one day left to trade this week we have the 2nd highest volume week of all time (at least back to 10/2018...furthest TOS will let me look back)!
Our highest week of volume (which we will may very well break tomorrow) was 3.87 million shares and - drum roll please...our share price was only .018-.038...
Seeing as how our current price is roughly 20x higher (up to 27x higher), I'd say that is extremely relevant and a sign of what is to come.
Sell if you'd like, but volume almost always precedes price, so do with that information what you like.
Have a nice day:)
TG
They will when they run out of shares...lol No big deal, they'll run out of shares and we'll move to the next higher level! Last two Fridays we've gotten a bump and a Monday run, so let's see if that trend continues.
This stock trades best off the weekly chart and it looks great, so nothing to worry about:)
GLTY and AIMO,
TG
Agreed. I also think a PR for the FDA approval would go a long way too. That FDA approval is enormous and probably the reason they are able to get these big wholesale contracts so quickly, because 90% of their competitors products just became, not only obsolete, but illegal to retail.
Lots coming our way...
GLTY and AIMO,
TG
22 million in revenues, 2 million net (cash in the bank), upcoming Q2 revenues - with now 8 distributors (vs only 2 before) - and...AND...an FDA approved device!!!
I am in no way concerned about what is happening today...up, down, sideways -> Doesn't Matter! This company has sooooo much going for it and there is a list of expected events that could come at any time, which leads to, as you said:
KABOOOOOOM!
GLTA and AIMO,
TG
We have 8 distributors now! We did 22 million with a measly two, but we have 8 now and they are spread out along the east, south and midwest...They are growing this quickly and apparently aren't going to PR every time they contract with a new distributor...Why would they??? We should just expect they are growing by leaps and bounds...lol
I wonder what next 10Q shows for revenues:)
Check it out:
BIDI Vapor Distributors
GLTA and AIMO,
TG
Awesome! I appreciate that.
GLTY,
TG
Unfortunately, I can't PM and sharing them here would be "off topic"...Maybe Berdboy can PM them to you, he has a premium account, so he can PM.
Thanks. Appreciate it!
I don't recall there being 2 others. If you have a minute, can you PM me those tickers?
Thanks,
TG
There are many things I'm expecting that can and will effect the timeline going forward. This could go to a dollar on Monday if it gets promoted by some group that's been accumulating this whole time, or it could take until next earnings, or possibly the end of year.
That said, some of the things I'm expecting to see in the near future could launch us to a dollar in an instant. Here's my list (in no particular order):
1. Share Restructure (retire, maybe some bought open market, restructure control block, lower AS, etc.)
2. Uplist to OTCQB
3. Bigwig added to the board (tobacco or cannabis with ties to other major companies)
4. Cannabis acquisition/partnership/dist agreement
5. New product (from Mr. Patel)
6. Kaival acquires BIDI (if this happens, it will probably be down the road)
7. More wholesale agreements for KAVL/BIDI
8. Potentially a big name retailer announced (7/11, Circle K, Walgreens, CVS, etc.). This may not happen though, because their wholesale agreements may "secretly" already be stocking these types of stores.
I'm sure there is something I'm forgetting here, but that's my quick take on it. I think anyone of these could send us to $1+ and I'm looking for some of these by months end and a majority (not all) of them to happen by end of July.
I'm shooting for #1 and #2 this month; although, these guys don't seem to rush anything - which is a good thing- and won't be disappointed if it goes a bit longer.
I do think 1 and 2 are VERY important for real BIG money to roll in here. Not Nasdaq style money of course, but some big hitters as far as the OTC is concerned
Anyway, that's my two cents...
GLTY and AIMO,
TG
This will go well over a dollar barring any major negative events...Good news is there doesn't seem to be any major negatives on the horizon. There will probably be some decent resistance at a dollar, but it will chop down a dollar and move higher from there!:)
GLTY and AIMO,
TG
Not unless you work for the company and/or are a consultant. But it does tell me, indirectly, they are expecting revenues to head north of $50,000,000. So, to what degree that skyrockets the price, that will be our payday.
I'm totally cool with them having an incentive plan like they've structured here. Also makes me wonder if they have a big hire announcement coming up. Get a former Big Tobacco exec or something like that to come on board...Maybe a cannabis guru or something to that effect.
Anyway, I think this was put out now, because there will be some follow up news in the not too distant future that made it necessary to offer an incentive (also, the CEO and COO that have made this all happen want to partake with some shares of their own...totally understandable and absolutely deserved). Was hoping it included something about share restructure, but I'm sure that will be something coming down the road.
GLTY and AIMO,
TG
Range has tightened significantly along with the still decent volume...Tells me we're getting ready for lift off. Sellers aren't eager to dump into the bid and are willing to wait to get taken out at the ask. Even the sellers know this is still undervalued at these levels.
Expecting a solid break of .20 tomorrow or Friday and then as BB said, next stop in the .30 range. Company throws us a bone with an exciting update and we're .50+ bound.
GLTA and AIMO,
TG
I think it's great that happened at these levels. What if he/she waited until we were making a push for a dollar and did that at .80...Talk about screwing us up!
Anyone with a large chunk of shares that wants to sell them all at these levels makes it better, in my opinion, for remaining shareholders. Get them out of the way and let 3, 5, 10 other shareholders absorb those and it increases our likelihood of running higher when it's time to move to the next level.
I think today was an awesome consolidation day and makes us stronger going into next week where I think we make a really nice move. Possibly to .50 or higher.
This .20 level, although short term (very short term) it's a psychologically important area, with the AMAZING financials they just put out, is simply pocket change.
My confidence is at a whole other level for this company/stock. A month ago, I thought .12 to .20 might be a good exit range, but now my sights are much, much higher and I'm willing to hold this much longer than I originally planned to once it started to move.
Really looking forward to next week!
GLTY and AIMO,
TG
Thanks! I've been here a long time myself and thought this could be something, but am honestly pleasantly surprised at what and how quickly it is becoming.
Unbelievable revenues for a startup.
Keep in mind their annual fins have already been audited too, so an uplist can happen quickly! I'm sure they've got lots more to come. Very happy with how well management planned this out. Excellent job!
TG
Just doing some real quick and, in my opinion, extremely conservative math based on the fins they released and it looks like on a fully diluted basis we have a nearly .02 per share annual net earnings. Times a 30 PE that values this stock at .58.
That said, this would be for an established company that's growing, but this is an extreme growth startup and this is simply their first two months of ops, DURING a pandemic! That's why I consider .58 conservative. Extremely conservative.
Now that things are opening up, what happens to these revenue and profit numbers? How about as they simply grow organically? What if BIDI does fill that vacuum created when JUUL stopped selling flavored vapes (Even just 10, 20, maybe 30% of it)? What about when they introduce new products? M&A with another co? Cannabis? New distribution agreements? And on and on and on...
This has the potential to be SOOOOO BIG if these are the early numbers they've produced -> So Big!
Gonna get fun 'round here!!!
GLTA and AIMO,
TG
Creeping up the "Most Read" board and with the limited number of posters we have here, that tells me there is LOTS of sideline money watching this. Whether it's tomorrow or, imo, for sure by next week that sideline money starts to flow in and the FOMO kicks in, then the top blows off this in a hurry!
AIMO,
TG
.16 is up, .20 on the horizon!
With the numbers they put out yesterday it's absolutely possible. I mean, here's a company with essentially no debt, 22.5 million in revenues for 2 months worth of work, 2.8 million Net and 2 million in cash on hand. It's absolutely got multi dollar potential...Especially with only a 23'ish million float. Annnd, they're just getting started! Absolute rock star stock here!
TG
Could be end of day if the right people have been waiting for power hour:) More realistic tomorrow, but you never know. Someone with some dough gets some FOMO before the bell and poof we're at .20 I'd think for sure we're .20+ next week...seems like a no brainer.
I'm also expecting more news next week. You don't release fins like that and not follow it up with a, "by the way" PR. By the way, we've also done/doing/will do_________(fill in the blank).
GLTA and AIMO,
TG
Love it and fully agree with it! I've been around the OTC for 20 years now and I've got to admit I'm a bit shocked by their financials! This is beyond an amazing accomplishment for an OTC company, let alone ANY start up...
For all those new to the OTC, this is what the ground floor looks like!!! Not giving a buy reco, but how much more proof does one need???
Amazing!
GLTY and AIMO,
TG
About the same for me...it looks like it will have well been worth the wait.
Keep in mind that they audited their 10k as well, so an uplist will not be a long drawn out process. It should happen fairly soon. I'm still expecting that cannabis news to hit soon too (hopefully in June), but I can tell these guys know what they are doing and what they are going after, so I'm good with trusting them to not only move the company forward, but to launch it forward!
I don't usually call for $'s on penny stocks, because it just sounds so fake most of the time, but I easily see this over a dollar in the not too distant future! Or to use the companies famous word..."soon"!
GLTA and AIMO,
TG