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Thanks, although I didn't even include the fact new management has already secured a $5M NON-Dilutive LOC to put back into and grow the business.
Just alot of positive moves, that hints to these guys having big ambitions for the company, which in turn should mean much higher valuations and share pricing. I believe we can expect more significant business updates sooner than later. JMO
This is way bigger than just this IHUB board. New management will be taking this to much higher highs within the weeks to months to come. I have recoup my initial investment and tucked shares away. I suggest folks on the fence here do some thorough DD. Just for starters in 2024, new management, reduction of AS by 4.386B. Left room within the SS for potential acquisitions, partnerships, etc. Removed $1.3M of debt from balance sheet. I wouldn't doubt if some debt was unloaded yesterday and today, without stifling the PPS move Northward. Seeking Alpha put this news out yesterday, 20M viewers per month on Seeking Alpha. Beginning of much bigger moves here IMO.
Brandon White has the business experience and Jermain Strong has the much needed connections:
"Brandon White is a seasoned sales and business development professional with over fifteen years of industry expertise. With a proven track record, he has successfully collaborated with both large corporations and startups to enhance operational efficiencies, cultivate robust relationships, drive sales growth, and expand market share."
Jermain Strong, according to his bio has significant connections within the sports world!
"Mr. Strong brings a wealth of experience, including a background in collegiate and professional football, to his role as CEO and Director. His vision for the company involves expanding its reach, leveraging a network of professional athletes to propel Kona Gold Beverage to the forefront of the beverage industry."
What do you mean? I could be wrong, but I do not think this management team is lying:
"is proud to announce the company has successfully secured a $5 million line of credit that will be dedicated to driving production growth, expanding market share, and exploring potential acquisitions."
They have the $5M NON-dilutive LOC, lets just see how wise they are with the use of the funds. According to the PR they have a good plan in place.
"We understand the importance of responsible expansion, and this credit line will play a pivotal role in driving our production capabilities, expanding our market presence, and exploring potential acquisitions that align with our vision."
Copper for sure, but I think this new team has even bigger ambitions than that. In due time obviously.
This is one you just might want to tuck shares away in and forget about for a few months.
Up 86% on 68M in volume is sweet!
We should see an 8K released, based on today's news.
Someone has some serious confidence in this new management team. $5M secured and NON-Dilutive line of credit. Watch these guys/gals create a much leaner balance sheet and start turning some serious profits here.
I see that 26M share block on the Ask, that was there last week, is gone this morning. More than likely got their fills last Friday. L2 remains very thin here
I agree. Great start to the new year here.
New management, New marketing, a fresh start in 2024. Become profitable and avoid S1 registrations, fund the business with profits, instead of taking out more debt. Cancellation of 4.9B in the AS / removing $1.3 of debt from balance sheet is a good indicator that new management is taking steps in that direction. Selling the Ooh La Lemin brand probably was a good move, if it was bleeding cash from the company. Curious to know how much they received from the sale and how the $$$ from sale of the brand was used.
Loading wall still sat at $.0015 at close. Watch it get taken out next week. Profit takers out, lets see this roll next week! A Monday morning PR would be just right. Have a great weekend all, stay warm
Exactly! No reason, unless I am just missing something, to sell at these levels. The loading wall at $.0015 is very telling IMO.
Well time to go do some snow removal.
GLTA, including myself, that has decided to hold position here.
Many of these do bounce back eventually. Kona has the potential for a significant bounce without dilution. Solid news today IMO
$.0014's up and L2 is really thin here!
$.0013's hanging by a thread, maybe a $.0014/$.0015 close?
These guys already have their website updated with new management. They are on it! Nice to see. The details / credibility are important IMO
Just beginning to gain traction here. Trading great so far.
Folks stacking them up and taking profits. I think this is a good read. Company making changes to take a bigger bite out of the retail beverage market.
KGKG Business update
Basically all new management. Probably change in marketing strategy soon as well. Reducing the AS and eliminating convertible debt is a great start with new management. Looking promising
Congrats to them, I loaded up today. Not to late, based on the news today IMO. Good to see you here
Folks just a bit hesitant to jump in here, with the dilution gone wild with many OTC tickers, I believe with the news just received, we are safe here for now, lol
Jumped in here. Like the recent developments here. New hires with solid credentials, eliminating convertible debt, reducing the AS, looking good IMO. GLTA
Shareholders / investors pay for everything. JDF just pads his bank account and pockets with shareholder $$$$
Looking back a few months, don't see a lot of insider selling here. Last 10K shows CEO is still holding 215M shares, and is buying common shares. Bought 6.6M in June 2023 and 1.5M back in Aug 2023.
Not saying he isn't making money here, but from the DD I have done, he is not getting rich here like some of these other Pink sheets CEO are right now. JMO
Although I wouldn't object, I don't see that ever happening. They seem to have a stranglehold and it is locked in tight.
Did anyone ever come up with good conclusion as to why this still trades on the public market? My only guess is they are waiting for the right offer on a merger/acquisition, one that will stuff the pockets of Dan Allen / Doyle Knudson full enough, to where they can ride off into the sunset, fully retire and live the life of luxury. I don't believe they are doing that now, they sure aren't living a life of luxury from selling shares of company stock, which is a positive I guess. 😂
A solid business update is all this needs. Don't see much at all in terms of convertible debt, unless I am just overlooking it
Is this the website that was suppose to have launched last Fall?
Powerdyne
Grabbed a position here today. AS almost maxed, no history of RS, SEC reporting, generating revenue, CEO buying common shares on open market, has really good potential, just needs that solid catalyst to give it a good push. GLTA
So, Canouse has Q1 financials released last November, why stop there? How about Quarters ending June, Sept and the Annual filing for 2023. If he took the time to file Q1, my guess is other filings will come soon, Canouse will want to sell shares again this year, watching for filings and pump machine to fully activate
Hey, got that message, appreciate it.
Solid volume today, close watch next week
On watch, if they turn the faucet off, could make for a good run. See how the bid holds up. It is slowly increasing
They updating share structure here monthly?
What are your thoughts on the Reg A shares purchased at $.00064? I believe there were about 1B or so shares purchased after the Aug 31 reporting period. Strange thing is that there were only 1.2B shares set aside for the offering, according to the Reg A filing, but there were closer to 2.2B shares purchased.
That is another issue. He only has this updated with the actual share count about once a week. Apparently the data is sent into the TA and the clown has it updated when he is ready to have it updated, so it seems.
I would not be surprised at all to see that he has been tapping into the Series A preferred share cookie jar
I don't see where there is any restriction on JDF 1,00,000 Series A preferred shares convertible to 10B shares of common stock. All the Reg A shares sold after Aug 31st totaled around 1.2B and were sold at $.00064 so they are not selling now for a loss. Shares from the "family loan" starting with $350K tranche, can't convert until Sept 20 2024, so where are these shares coming from? Could it be from his Series A Preferred?
Regardless of what happens here, ya'll have a great New Year!
So, $327K for the 3 months ending Aug 31 2023, is not meaningful revenue? That is more revenue than probably more than 50% of these Pink sheet companies generate in a 3 month period
CBIA Financials