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Looks like someone stole those shares!
Yup, these games are really easy on minimal volume stocks.
BUT, they are playing with fire in my opinion. What if Niraj wants to kick start buying again and throws $200-$300k at it? Unless that sell wall is an MM, it's going to get taken out before he even realizes what is going on, and poof, good luck getting all that back at the same price.
My account closed green despite KAVL being red, so I guess I am getting richer haha. Diversification is key in OTC land.
Not sure where or when you bought but what were your reasons for buying?
I would say pretty confidently you're not a chart trader, otherwise you would have sold when your pattern broke down.
So I would have to think there is a fundamental reason you bought, and my question to you would be what happened fundamentally that caused the price to drop? As of right now, there is no reason, so will the next Q be bad, or do we just have impatient hands with sellers chasing sellers lower?
The unknown definitely is difficult to hold through, but I also know with a lot of new traders, they have no patience. They do market sells, they don't know how to value a company, they can't see the obvious signs, so all they rely on is the price action. When you trade $100k a day, if not less, it's hard to gauge the true story. Look at the volume actual scams/non-revenue producing company's get. It's sad KAVL doesn't see even a fraction of that.
I will keep buying! Hard to believe it's trading here again.
EDIT: Grabbed more 84s and have bids in the 70s.
Haha yes, there is one, but even that has been slow and steady :p.
Just proves the point though that there are gems hidden in the OTC and traders ignore them because they 1) don't understand financials and 2) don't have patience to hold however long it takes.
For me, I try not to give myself a timeline, but rather let the business do it's thing and let the financials speak for itself.
Great buys in my opinion. I had a bid at .89 but then some big bidder came in at .90 and .91.
I bought a lot this week, and obviously have all my shares from lower and higher.
Just hoping no curveballs in this quarterly to beat us up anymore than we already are.
You either believe the company is moving and making great strides or you don't.
I don't put all my eggs in one basket, so taking profits on things that are currently moving in the right direction and putting them into plays that aren't moving in the right direction is a strategy I often deploy.
There is no other OTC company you can compare to KAVL. It is undervalued compared to every single one I've looked at.
SB_EV just did a small R/S and is valued at $261M. It's down roughly 50% from pre-split due to a round of funding as soon as they landed on AMEX (bad timing in my opinion), so it was valued closer to $520M a week ago. They generated $2.4M in revenue for Q1 2021, and a $4.5M loss.
How is KAVL, who generated 15x the revenue in Q1, and turned a net profit, trading at the same valuation (and a week ago 50% lower) then this example?
The interest is just not here from penny stock players as seen by the daily volume and as seen by company PRs being met with almost no volume. It's sad really, but when I see this, I buy more.
HR_BR is a good example of a play being undervalued for long periods of time. It took the investing world 3 months before they realized the financial valuation of the company. That whole 3 months many of us who read the filings were loading up. Today, 7ish months later it sits up 1200% from my entry.
KAVL is a year old. They started out very hot! Out of no where they generated twenty something million in revenue. The next quarter they grew about 45%. Q4 they only generated $12M or so due to repackaging of their product to be overly acceptable for the FDA. Q1 2021 they were right back at it generating $37M in revenue.
Around the end of Q1 we heard about multiple new distributors, some major, some minor, we know about the new product and we also know they are going to start distributing internationally. We also know of another major distributor we signed up very recently which won't be seen in the financials until next Q and future Qs if all goes well. Management anticipates $400M in revenues for the year which is 4x from last year (technically the last 12months).
It's a shame people can't see the positive from this. Rome wasn't built in a day is a great quote that fits well with KAVL, because you can very clearly see the formation of a bigger company, but you need the patience to stick around and see it come together. A lot of folks don't have that patience, because OTC stocks mean instant gains and holding a few weeks or months is just way too long to tie up your money.
The company has cash in the bank, their only liabilities are accounts payment so no debt, they have a positive cash flow and positive stock holder equity and they are growing. If you see another OTC company that checks off all those boxes please let me know because I will hold these companies as long as I need for them to payoff.
You do realize that if this goes to .10 it'll be worth less than $30M right? If you truly believe this drops to .10, then shouldn't you sell at .90?
You're talking from an emotional standpoint, which I completely understand, but it's way out of line. Keep those emotions in check, and take advantage of the share price IF you believe it to be undervalued.
Also this "mob of shareholders" probably doesn't own many shares. The individuals who own a large quantity of shares know that this is a short term blip and aren't going to sell, especially if it drops to .50, .40, .30 or like you claim, .10.
Don't stare at it lol. Go do something else otherwise you'll just rip your hair out watching this stock.
It can happen to anyone, but with the influx of rookie traders, I feel like I've seen more market sells dragging a stock straight down in a short time frame than before.
Looks like one impatient trader gave up their position or had a stop loss.
In this new era of traders, I don't think many of them know what limit/market orders are, so we could have just seen someone market order sell.
It happened so fast that unless you were staring at it you wouldn't have sold too.
I got some more lol. I thought I was done, but I guess not.
I think they are due end of day today. 45 days from 4/30 would be today.
I picked up 10k shares today.
Management has been pretty quiet lately and I have a hard time believing they aren't working towards a bigger/better future.
Right in time for next quarterly earnings.
I honestly think the company can't go wrong if we show quarter over quarter growth.
It just depends on how impatient investors are. I will not be selling, I know that much.
I have to hold my shares regardless, but was hoping for some sort of info regarding GNCC/BGC.
Again, I don't see why Lynn's ownership of GNCC is going to matter with BGC.
Could be, I did ask if John Stockwell was still involved and told him what was told to us about GNCC/BGC and all he said was:
More specifically to your question, Lynn Stockwell is a shareholder of Bright Green Corporation, which is a new company incorporated in April 2019. John Stockwell is neither a shareholder nor an executive of Bright Green Corporation.
I think we all had to re-evaluate expectations. It's crazy to see things popping like wild on custodianships, and KAVL can't move a few cents on millions in additional revenue.
Our time will come.
I will look into that, thank you for the heads up!
I heard back from Ed Robinson...
Bright Green Corporation has been developing a robust business proposition that brings many new alternatives to bear. That said, while open to relationships, we are not actively pursuing GNCC at this time.
Our focus is providing supply and manufacturing to federally licensed researchers and big pharma. To be clear, Bright Green Corporation has no interests in certain segments of the cannabis industry that may be at conflict with the DEA. We enjoy a strong relationship with our federal and state colleagues and will act in a manner that continues to build on that foundation.
Thank you for your inquiry as we look forward to presenting our position with the public while building on the relationships we enjoy.
Does GNCC own anything that BGC needs/wants?
I'm not sure if Lynn being a majority stockholder of GNCC matters if BGC is a separate entity.
Even if she has money tied up into GNCC, what's the benefit if there is no asset/patent/etc.
Found a website and an email; info@brightgreen.us
I sent a note, we'll see if I get a response.
Hey just an FYI, I let my ihub subscription lapse so I can't PM you anymore.
As for what we're seeing now, who knows. It does seem that the $1 level is being protected... for now.
We did see a rather large conversion from restricted to unrestricted in February (which I don't think is because of KAVL management but prior management), but since then it really hasn't been much. Are we still chewing through that increase? Maybe.
Also, it would seem that there is no urgency to up list. Maybe management is waiting for some bombshell news so they can time an up list with a funding deal to sell some of their ownership for top dollar?
They do seem to be quiet, but they just signed a $22M test order, so I have a hard time believing they are sitting on their asses watching the stock. I'm sure they are firing on all cylinders and in time the stock price will show that.
Let's hope Bright Green can take GNCC shareholders with them. I'm not sure exactly how it would work though.
I let my subscription to Ihub lapse, so no more PMs for me. I think you have my email though.
Have you seen any contact information for anyone lately?
I don't know, and honestly, I don't care. The business is growing and everything found in the filings and press releases gives me what I need to feel confident in the investment.
I'm sorry you bought too high, or can't handle the lack of appreciation in the short term, but if you want to make money you need to have realistic expectations.
Failed last Q? Failed NASD uplisting?
What are you talking about lol? This website can be of great help to new traders like yourself, but I'm seriously not sure where you are making up these things.
KAVL can get on the NASD whenever they want. They have all the necessary fundamental requirements like assets, cash flow, equity, market cap, shareholders, etc. They just haven't pulled the trigger on an R/S, so how is that a fail?
Just curious what you're doing here if you think filing on due date is a bad thing. It seems to me you have minimal experience investing so I had questions for you which obviously you didn't answer for whatever reason.
I will wait it out. Check my posts, been here a long time and I'm not selling here.
What? Is that even English buddy?
The filings are due mid June, and they can file whenever they want. Outside of Q2 2020, they have filed every quarter on the day they were due or within the extension deadline, so by your theory, every quarter outside of Q2 2020 was bad? If that's what you think, then why would you buy? If you can't even follow your own investment strategy, why should anyone listen to your opinion?
For me, it's crystal clear the company is growing. When a company grows it sometimes takes time to see the share price catch up to the business's fundamentals especially on an exchange like the OTC where hype/spam/pumps lead the charge and other companies fall to the wayside.
KAVL is going to start distributing on an international level in the next few quarters. That means higher revenue.
The company is the fastest growing ENDs disposable product in the US, that means it has a competitive advantage and is better than all other products in the same category in growth.
The company just signed a new deal worth $22.4M in revenue for a test order, that means it's revenue in ADDITION to their repeat business. What happens if the inventory sells quick and the stores want more? Is it too hard to believe that the order won't become $30M, $40M, $50M over time?
The company has re-affirmed $400M+ for the full year, so show me why we shouldn't trust them to hit that. If they land in the $75M range, that's double what it was in Q1. That means they only need roughly a 50% growth in Q3 and Q4 to hit $400M.
If you're blind to the strides the company is making, then maybe you should read through their filings and PRs.
Frustration is normal, but if you believe in the company it's best to just put some bids in and stop watching.
I have a lot of other plays right now so KAVL is on the backburner until it wakes back up. Company is growing, and it'll be worth more in the future in my opinion.
You can't be serious. How new are you to investing?
I was holding it due to how thin it was and I think at one point a custodian took it over but did nothing with it.
With the recent SEC/OTC rulings it's probably not something worth owning unless someone comes in at the last moment to scoop it up and make it current.
Kind of risky in my opinion. Good luck though!
I hold a few shares, but nothing much.
Ugh mine too!
Yeah I have more orders, hoping they stay there haha.
Only was able to fill 5k at .10, lame!
Action Quantity Price Time & Date (ET)
Bought 5,000 $0.10 11:26 AM 05/25/2021
Looks like someone is selling a few shares in this 1.90 area. Consolidating nicely and looking forward to the next leg up!
Predictions are meaningless unless you somehow benefit from it. You have no consequence for being wrong and no reward for being right. So what's the point?
Unless you're just patting yourself on the back for taking a loss on SOLI a year or more ago.
No worries, I think we all agree this one is undervalued. Pre custodianship granted, BABL/BDCM etc were all much higher than LPHM.
Heck, even ALKN which the judge rejected Synergy on is trading at $2M market cap.
BABL is Florida. I don't think they've done a California before so that could be the reason it's not moving.