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Where?
?
I just posted what turned up in a simple google search.
and...
asked where, apart from website, are the products being sold?
no assumptions.
just while waiting... googled '51 Labs products'... and a lot of 51 lab hits came up... but nothing about cafi
Why choose this name, i assumed researched?
where are the products being sold? Anywhere besides website?
asking seriously, since no news of distribution.
Need serious sales for this to run for real, not news of plans
"
Robert Clark's first directive will be to process the Company's name change from Consumer Automotive Finance, Inc. to Fifty1 Labs, Inc. The Company will be submitting a stock ticker change as well. "
July 11
RC - not abour 'like'... about history of results
Link on OtcMarkets obviously needs to be updated- but that is a site to get OTC current info ( see the link i included)
Promise- could be. Any backing $ will be reflected in the last Q. This shows that dilution will likely be needed in short / mid term OR other debt funding as operations / revs wont support for considerable period even if sales ramp.
i did not make any personal characterizations of you.
i own a few shares here, no anger. RC's performance is clear, look at KG today. Nothing personal.
Shares - my point is that if AS is 800 mil and issued out ( insider and retail) is 780 mil , and the co is making virtially no revs, they have to issue more shares to support operations. Or raise operating funds through other debt. No value judgement.
Independant endorsement. The company does have labelling and claims. But given the nature of products would be good to have independant qualified evaluations/ endorsements by pharma performance folks.
Again not personal.
Website - i followed the link from OTC site
https://www.otcmarkets.com/stock/CAFI/profile
Maybe it needs to be updated?
make the case?
Where is it being sold? Reviews?
Website is down for upgrade so the only outlet is temporarily closed.
Any independant evaluation of product?
Have you tried?
im being serious and open minded.
My chief concern is share structure.
800 mm authorized / 727mm out.
So how to manage costs without dilution?
how to manage a success bev product
https://www.cnbc.com/amp/2023/11/30/how-vita-coco-founder-took-on-coca-cola-built-billion-dollar-company.html
it would be interesting to see what is happening at headquarters now given it appears a new tenant at same ? , adjacent address (CAFI). RC is the ceo of that co as well now, conveniently at same time he sold the only selling products he had at KG.
thank you.
one edit, i looked at Branded Legacy which i knew in its earlier iteration and questioned the share award. While not certain about terms, or bottom line beneficiary it is no longer the company's mgt/ co i knew from a few years back.
It appears to have broken from past with new mgt, products and vision that may be interesting, but not the failed Kona Gold or old hemp coffee team.
RC has this?
Not an endorsement given the disaster he created at the company he is running from.
727,660.385 shares out... not many?
Insiders have most, so will bleed out month by month to pay themselves.
800,000,000 authorized - so unless using insider $ for operating will need to dilute in midterm.
100,000,000 awarded in March for consulting and payments
20,000,000 issued to Branded Legacy (another bil share co with virtually no revs and years of no success)
acculated deficit $5,648,992 as of September (and growing)
assets - 26,025
Revs 164,500 , minus op cost, Gen admin, sales/ mkt = loss $18,000
weighted shares out - 692,660,385
---
SO... while hope springs eternal the co has mgt that has NEVER marketed, sold, managed a sustained profitable co... in years.
That HAS generated several companies that have benefited insiders at the expense of common retail holders.
CAFI starts now in a deep $ hole with thos mgt. At the very least caution is prudent, and a 'prove and verify' track record is needed to show this effort is different.
sorta running in place
the point is it only has a product it could not sell! For 5 years! Un the heigth of the hemp craze!
And yes nothing is wrong with debt except when grows year after year while product sales declined.
Now the co is where it was 5 years ago except diluted 2-3 times the shares, and growing...massive debt,,,and no products on shelves. Look at chart!
So invest in this ceo's mgt record and credibility?
Like what they say... repeating the same over and over and expecting different results...?
However i dont doubt that he/they can push a p+d for a quick buck...thats their expertise.
thats a rousing endorsement... there are other total productless pump shells that are worse?
Not an investment strategy i would use...
And curious, in your review of financials did you happen upon the accumulated mils of debt over 5 years w/o being able to sustain any product?
Look over the layers and layers of loans, and insider share commitments?
The dilution over same time?
The purchase and sale at loss of Ooh La while unable to sell and benching the hemp bevs... in the heigth of hemp craze?,
Now 5 years later in effect starting all over with the same tired hemp products they could not sell and lost money with?
And notice, conveniently for RC, while the company was secretly planning sale of Ooh L he took another job, and rented out offices to the other co?
STILL notes covid as excuse... while other bev co's grew and prospered?
After a read of the fin's and review of history of false reporting, insider dealing
and inability to successfully sell anything you find this is an oppprtunity?
and he likely is beginning to 'accrue' at his new CEO job at CAFI.
But seriously, take a close look at the co debt and obligations in last Q.
5+ years of accumlated debt and dilition is quite a mountain to climb.
bring back? RC was the one who drove this into the ground! And now he is only 50% CEO because jumped ship for new co.
Real products? He just sold the primary product line for a loss!
Tripled the share count, saddled with massive debt. The 'real' products ( hemp bevs remaining) are the same products they had 4 years ago... tried and failed to sell in scale... and then let die on vine.
real products? You mean the Kona Gold and HighDrate lines? Look at the revs on these products in Q. Tiny.
They sold more 4 years ago with 30% of the shares.
And now ceo is 50% working for anothet co.
of course, all free to do what works for them/you.
Just as a note there is no transparency as to what is happening. Any 'reporting' now is unreliable. So to 'invest' is blind and based on 50% ceo RC's history not shareholdet friendly.
Look at last q. Scary. And now even worse given starting over with hemp products (maybe)... so income doesnt come close to massive share count and debts piled up over 5 years.
the other note to todays trading is that many of the largest trades are swaps , large sells and buys offset.
you mean a hangman's noose swing.
To buy something that is being de-listed of their own accord, diluted to the max (rs likely), only enough $ to pay obligations for a few months, ( or yet more debt) no products meaningfully growing or evident in market.
The same position as the co was in 7 years ago...BUT... so diluted and loaded w debt , trying to 'sell' the SAME products they could not before?
Sorry other swings out there...
read the company's last release introducing new products. The PR did not get much distribtion.
a total jumble of directions with phrases like ..."and thats not all!"... like some cheap product jinsu knives deal.
Further they close with an odd repetition of shares reduction...without context, as if an investor would not know that the 'reduction' came after a MUCH larger increase dilutuon several months earlier.
They need a competent editor.
Further, while products seem interesting there is no case made why these are better than like kind products in the market.
Seems to repeat the main RC liability... he doesnt know how to sell... only produce products. Like with KG they need a real CEO, real mass market sales sales leader... and make RC the product manager.
Still have a post on website for a VP of marketing...
yes, aware of this. But given the material nature of change would expect a more detailed communication with accountibility and biz plan.
Clearly a firesale, and given
a year of 'expansion' pump pr's and cheap price paid for sale, and large layered convoluted debt and follow up delisting release the future as a 'going concern' is doubtful.
The cash on hand is much less than debt and rev stream cannot support.
The timing of RC's new employment as CEO at CAFI as well as leasing the office facility to them shows all planned for his parachute.
i would not be surprised at legal claims being brought. Very sad for any who held shares over summer.
and add to this, a ceo who has not put out one release addressing holders on sale of Ooh Lah, his taking new job at new co and putting out pump releases there, or to shed daylight on filing to stop reporting...
Incredible given the collapse of co and prospects.
trailing revs... not forward potential since jemp bevs were not a meaningful % and Gold Leaf is not a major growth vehicle.
Overlay that with liabilities and # of shares out, ....in a deep hole.
Note importantly towards end of filing-
Liquidity and Capital Resources
Going Concern
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, in the nine months ended September 30, 2023, the Company recorded a net loss of $3,645,215 and cash used in operations of $28,724 and had a stockholders’ deficit of $5,352,669 as of that date. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date of the financial statements being issued.
In addition, the Company’s independent registered public accounting firm, in its report on our December 31, 2022 financial statements, has raised substantial doubt about the Company’s ability to continue as a going concern.
The Company’s financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to raise additional funds and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
There was clearly a lack of transparency and due diligence communication about the steps leading to sale of Ooh La, delisting and ceo taking new job at another co.
Clearly now weeks after catastrophic collapse the co still has not addressed the retail investors.
It would be interesting to have scrutiny brought to insider share sales during this period.
Now? Given delisting, and the finger given to investors by RC there is no prospect for shares based on public info.
so last news for reduction of 70mm shares... follows a no-pr-release of massive increase earlier in year?
So the reduction is less than 10% of the increase in same year?
This follows RC's playbook for incomplete releases which are misleading. ( Look at what his ' multifaceted experience' leadership brought to his other co.
Not sure cause for celebration?
47 mm trade today... company liquidation...
But what happens to Kona?... still a good product
it's value will cease to exist for the most part for holders of the shares in this iteration.
He's busy at his new job...
203 mm traded and down 50%
And of course not a direct public statement
Now we wont see his + insider holdings
Wonder if they unloaded these last several mo's.
agree. And he seemed a good operator... but not ceo or sales, sadly
thanks for sharing.
No surprise... but when you line up RC's joining CAFI aa CEO, just before selling Ooh Lah, and misrepresenting intentions in that release by stating will try to focus on Kona hemp products, with now folding up shop entirely really shows his nature.
Unethical, dishonest and likely theivery... does anyone think he has not sold his shares?
2500 shares at .045?...$115?
however, what is interesting is how tight it is.... or appears to be.
remarkable, even for a sub penny stock.
Its been almost a month since the co abruptly sold , (for what 'net' is unclear), its primary product line that all year long was touted in co PR's as growing and successful.
The CEO's image with a 'Mad -Alfred E Neuman' smile is on ANOTHER co! And news from THAT co claims they have leased additional thousans of sq ft of office and warehouse space at.... you guessed it... the 'former?' Kona facility.
Downsizing? Collapsing?
The Kona Gold Bev site has Ooh Lah gone leaving only the old 2 products , but when you click on them the message states-
'It looks like nothing was found at this location. Maybe try one of the links below or a search?'
So now does the co start with more releases about new national distro's... all over again?
And no serious state of biz, real plans, shareholder fiduciary focus in 4 weeks after the surprise sale?
Seems like a job for the SEC? Or FBI?
well as this is the same location as Kona Gold, and Gold Leaf it seems the recent sale of Ooh La product line suggests Kona is ceding its space to CAFI.
No news on the KG front, so it swirls down the drain while the same ceo moves on (to CAFI).
Annual report posted on OTC.
Some quick notes
Shares out 2023 are 727,660,385 vs 2022 at 121,910,385.
Also new classes of shares out.
Total authorized now is 800,000,000 so can expect a large issued increase soon.
While clearly a start up, no presentation of path to profit. Meaning operations will need to be funded by dilution.
Lost its reporting status, now pink limited info.
Report was not audited, created by CEO.
So until the co presents a business plan for investors and restores its OTC status lots of headwinds.
well, who knows for sure, or if watch and waiting, in any case boards are not just for current holders.
And given the silence from co, before and after the sale, the absense of addressing the shareholders or public about the negative transformative changes or serious $ look into future begs for comments, questions and answers
yep, and forget the past...
who would invest in a micro market distributer? Even well run, making money, what kind of growth profile, especially with bils of shares and likely remaining big $ obligations.
the hemp drinks have very limited value. a new can wont fix. It remains a mgt issue...clearly not strong at sales and product marketing.
Circling back... yes it has badges, but that only suggests it is not toxic, not that the formula is functionally great.
I am curious how it came to be and what criteria was used to determine its claimed benefits and functionality?
Especially as no one on staff has any pharma or formal nutritional credentials.
This is not being negative. In order to gain real traction the product has to work, ideally with proven 3rd party evaluations.
At the very least, must have a grassroots following that affirms it's benefits?
This may already be in place but it's not reflected on the web site that i can see.