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Lots of shares to sell. Robert flooded the market with them
I don’t assume dilution is close to over. But wouldn’t it be nice if these last major sells, are near the end?
However, it’s gonna take some work to dig out if this hole. Will need buying pressure attacking all the shares on the ask.
#breakoutyear
Want to fill me in on the 004 meaning? I’ve apparently been a little less up to speed with Kona lately
Any details about the Maine situation with Kona? Did they get a distributor there
Really impressive 3 month chart going on for KGKG
/sarcasm/
Not gonna lie, seeing an alert that Panzer replied to me always puts a smile on my face before I even open the message. Need stuff like that during times like these! Lol
The way our nation is falling apart, might be time to liquidate and move out anyhow. Kinda joking, and kinda serious.
I think RSP is going to be correct. This is looking like it’ll go sub penny.
I was referring to the way the companies split off from each other; nothing to do with revenue.
My big concern with changing hands is that RC is owed ~600M shares if they convert all of them.
Theoretically, Kona could go the way of VATE. They could allow RC to convert and sell those shares if ownership changes hands; and then they would do the reverse split after that.
That’s what I’m hoping to avoid. But it’s got to be a possibility. Especially knowing how the VATE situation was handled.
Yep. Lemin and Distribution are the primary focuses. For better or worse.
With continued dilution sticking it to the loyal shareholders. Very sad to see the direction things went. I’m still expecting RC to hand over the company to Stineman sometime in 2022. Just not seeing the drive by RC and crew to push any Kona products seriously.
Too many shares to sell
Look at how they financed all of this. The share price was over $0.05, but yet they did funding below a penny per share.
Everybody who invests in the market should know that publicly traded companies use shares at times to raise funding. But it’s HOW they do it. And Kona is doing it without regards to their shareholders whatsoever
Probably a safe guess at that. Good call on that previous top, by the way.
Kinda sad thinking how the shareholders worked so hard to help Kona succeed, and now they’re returned with a cold shoulder and constant dilution. Can’t believe the decisions Kona has made to deceive and stick it to their shareholders. That “breakout year” tweet was one for the ages.
Appreciate it. Was an interesting journey. The product was there. Never got the execution needed
What could have been
Does anybody know how exactly Robert Clark is paying himself back for these lines of credit he’s personally fronting Kona and Gold Leaf?
Per the 10-Q on 8/17/21, he’s owed $67,142 in interest from these Lines of Credit. Is the company going to sell stock just to pay RC interest on his own Line of Credit? If so, he’s basically just collecting free interest and money from the shareholders.
If anybody has any better details on how this is being paid back, I’d appreciate it.
This is getting gross. Why spend money on a brand overhaul when Kona didn’t even commit to maintain their own products in stores they had already successfully secured? The sector is doing well, but KGKG is a stick in the mud.
Where is the progress? Has Menards reordered? What about Hucks and Vapor Maven? No updates whatsoever from Kona.
Thanks fax! That seems fair.
I’d be tempted to move a lot of funds into KGKG if they would chill on the dilution and publicly show legitimate progress being made on the business side of things
IDK. This has been a major disappointment lately. Management can’t quit diluting shareholders. Minimal updates. Not enough progress from the company
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23M shares added to the O/S in the last 2 months, per OTCMarkets
You nailed it. Maybe they should hire you as a consultant! Because if they can figure it out (marketing), there’s a ton of market share waiting for Kona.
I don’t believe so. He had a lot of negative things to say on that Facebook group regarding Kona and their relationship. The dude busted his behind to make Kona successful in Chicago. Really wish Kona would have ensured it worked out.
He also had a UK Instagram influencer he was sending Kona products to. And she was showing them on her IG account. Something Kona could easily do. She had more followers than Kona’s bass fisher and ski jumper combined. Easy way to reach an audience. And probably cheaper, considering this distributor did it on his own. Doesn’t cost share dilution either.
It was the distributor. I actually sent him money to help pull it off. That distributor had Kona rolling in Chicago. Really wish Kona would have been able to capitalize there. But pretty sure there was a falling out with distributor and Kona
PR not on all platforms. Not sure why they aren’t able to get their news out everywhere when they have something
We aren’t waiting on Congress. Kona is a business that can sell products now. Winning companies find a way. Kona has a path, with or without full congressional clarity.
This one makes you look smart
Float only 56M?
Yessir. Premarket L2 looking nice and fun already
You might get it by lunch time. Amazing morning
Got that big volume
Nice close :)
If it expanded the business at the correct cost, of course you do it. What kind of question is that?
Was it a free deal? Does Kona get all lost costs back now that it’s been 1 year with zero product movement?