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A close read of then last release stated the sale of OL was in part for the good of the brand to gain nationwide success.
Meaning under new mgt the brand might flourish !
Would be nice to have some testimonials, and a known sports doc on board
Looking at site.
Does anyone know how they came up with these formulas? How tested?
Not a doctor , or pharma person anywhere.
2 staff, a part time ceo and B Spikes.
Hiring a marketing guy online like this?
Typo in the my team section.
and this is the reason the current situation offers little prospect outside of pumping prs.
This ceo is an operations person, not a sales person. He can make a decent product but cant sell. Obvious examples over years include no social media and brand confusion, no 'reason' to buy, launch and flop w no follow up on one iniative after another.
Gold Leaf does ok, because it is much more quantifiable. But GL is a local low margin biz, not a sexy fast growing product.
Now kickstart a dated hype product (hemp/cbd), after failing to sell it at crazed hype peak? After multiple unfocused uncompleted rebrand efforts?
With same ceo now part time?
agree
and while Gold Leaf is a good local biz, it is not an investment worthy exciting growth vehicle.
They let Kona atrophy, and now billions of shares out, and this track record, raising funds will be very difficult.
Ooh La sold at a loss.
This ceo has been a disaster for the co.
3 years wasted.
thanks.
I am not sure an example of the ceo expertise ( written by the ceo) in the pr at his moonlighting job
Any detail on amounts or which liabilities?
How much debt and obligations remain?
The issue is now they have a less rev and earning potential, and much slower growtt prospects, and very diluted share structure.
i forget, what did they pay for Ooh Lah to begin with?
That wont work... no way to push the bil's of shares with the tiny prospects of mismanaged hemp drinks and a regional niche distributor.
They still are losing money. Cant successfully dilute more in trips.
i assume they did not get much cash from sale of Ooh La, more debt/ obligation.
The other is to fold it into yet a new shell, Gold Leaf... ?
But at this point cant aquire anything and cant manage debt without further harm to shares
And of course CEO is mia to shareholders and still splits time with another co.
the entire thesis and mission of the co has changed.
The hemp brands were left to languish as all co investment went to Ooh La. So now hard to find and back to square one. They did a bad job with development, marketing and promotion before, why would any expect a change?
Gold Leaf is fine, but regional and a niche distributor.
The shares and goals , and debt, were all based on a fast growing, high margin range of products. Gold leaf and hemp bevs wont fill that hole.
They have to reduce shares. An aggressive RS to wash out and create a new base would allow them to try again.
pictures? i can print a label and slap it on an empty can.... need to see on shelves for real.
yes, lets bet on hopes and belief in some sports guys...
i took a position for fun.
Looking for real news... products on shelves...
sadly , the ceo has a habit of pumping, and running.
actually if you REALLY did your research you would see how positive and a fan i was for about 2 years... running from .006 to .14.
Many many emails direct from RC i still have.
But when dilution, faux news, and the long slide ( see chart), lost faith in mgt.
Now pumping at .008 it is you that seems a tool for RC.
Look at chart
Look at unfulfilled news
Look at Q's
just fax
investment here is ambulance chasing... OH ! .0065 to .01 is amazing
Serious growth and success in the overall bev business through this period.
This is a specific issue witt mgt.
As to current admin exclusive responsibility for inflation ( and Kona lol)... dont agree, but this isnt the place.
my guess it assumption of debt and obligations. It is a distress sale.
his silence has been deafening as shareholders have lost most of their $.
No comment on taking a new job as ceo of ANOTHER company based on his ? performance? here. No comment on missed rev targets following Q.
No comment on the namesake hemp product lines now unavailable anywhere.
Or that even Ooh Lah appears to be disappearing.
Given the complex loan and share obligations hard to make any case for shares or company... especially with a part time ceo who appears to have left Dodge.
Is it time to ask what the part time ceo is doing?
Looking at the collapse of his other ceo KG company, shares at all time low, flagship Kona products virtually unavailable (Kona, Highdrate), many Ooh Lah flavors mia, missed revenue Q with no comment ( and no covid to blame) he does not appear to be the successful ceo described ( and authored by?) in the PR.
Is this the expertise needed here?
the other purpose of an RS is the rinse/ repeat... tighten shares to once again dilute.
But i think the cafi association via split ceo likely suggests some merger. They moved into adjacent offices.
wont be bankruptcy... some Rs into another entity, maybe a 'merger' with cafi.
and its shell 'loud beverage' is out of compliance with no filings for two Q's.
went on the web site, no links to buy Kona Gold or HighDrate. Amazon... nothing.
The namesake product gone?
My guess is Ooh Lah also fading... several flavors out of stock and limited on Amazon.
No news for 2 months despite Q and taking new job?
not sure i get that one.
i dont have lots in the food sector. Have a small posituon in celh, mdlz, khc and kdp.
Mostly hunkering down till congress gets through budget process, fed decision etc. General headwinds...
both are great stocks. i own aehr. i invest in themes that i research... and hold several in space.
The electrical and power transformation taking place is funded, global and has legs.
i also own a variety of copper miners with same focus. Even if recession the supply over the next 2-5 years is going to be very tight.
I also like companys in air purification and cooling (mod, carr).
Am a believer in bit coin and block chain.
Auto and electrical equip is another. Borg
why? Just because price is low?
own 5-6 of these.
i use Market Chameleon which does deep parsing of activity with focus on options.
in the interest of truce i bought a tiny position in this today.
I do stand by concerns, drawn in fact from fax :) , but will await next Q's in the interest of progress space.
i do not personally disparage you or your experience in my posts, as you direct at me. Revealing in itself.
a look at the Q's of BLEG, KG, CAFI show connections that show some familiar names and interests.
VCOR to PLAD to BLEG , and KG / CAFI ...interesting intersects
i do agree ( and well aware) that new ventures require start up funds and runways. However the key is source, structure and ownership of debt and issued shares as well as business plan.
Would be good to see a biz plan with diligence?
Mgt matters as well. The CEO of CAFI runs another co that has destroyed shareholder value with dilution and debt while taking in a good income. BTW, that is not grievance but fact.
You seem to feel these are walled off entities. i believe we will see these co's merge or directly share interests.
not feelings... a tiny position. But dont accept unsubstantiated pump from affiliated posters.... review Q's, and releases and performance.
business... its just business :)
investing their money? Please share details.
are products on shelves? seriois question dont see website or related info.
yes i did very very well when RC was putting out reliable info sime years back. Lost a much smaller amount on paper at this point as the shares were diluted and declined over 3 years.
Two Q's without a word, taking a job with another start up that clearly needs funding and marketing among other needs.
Just reading the Q's , releases ( or lack) and reviewing sales and growth ( way off forecast).
CAFI is going to change name and listing... clearly entwined w KG. So follow.
a director and a retired low draft nfl player?
This is credibility? Did they present hard $ news or more we are 'going to' type dreams?
They might add their mechanic and mom.
Now its ceo who cant get a Q out of his other co without his accounting bailing is the acclained ceo if this co as well?
When does 1+1 not equal 2?. when neither 1 is a whole.
Where is funding coming from? How is CAFI paying rent at KG's building?
So based on a possible product yet to be marketed and branded with an office space in an office building as its only listed 'facility' there is nothing here.
Not sure the letter helps.
The referenced item below seems to state the last 10-Q was NOT reviewed by the accountant and was put out as 'deficient' as a Q ( except using alternate standards).
Item 8.01 Other Events.
On August 21, 2023, the Company filed its Quarterly Report on Form 10-Q for its fiscal quarter ended June 30, 2023, which Report was not reviewed by the Company’s registered public accounting firm prior to its resignation. Although that Report meets the Alternative Reporting Standards of the OTC Markets Group Inc., it is deficient as a quarterly report filed under Section 13 of the Securities Exchange Act of 1934. None of the columns of the financial statements set forth therein was reviewed by the Company’s then-engaged registered public accounting firm. As of the date of this Current Report, the Company does not have a plan as to how it will remedy this deficiency; but, when so reviewed, the Company will file an amended Report.
and funny why? That the interest many holders of KG have here as to why the ceo is moonlighting, putting out releases at cafi but even after 2 KG qtrs missing goals, accountant that jumped ship, and taking a new job not a word to kg holders?
But a close read of the cafi releases show they really were just pump fluff...
add that to the accountant getting out of Dodge, an mia CEO whose only pr release is from another co, death spiral dilution and i guess ok for shareholders to be concerned?
indirectly, ceo (kg) is ceo here.
a year and a half ago it had 60% of thr shares out.... so picking them up now is not such a deal relatively speaking
maybe reverse the entire co into the already reversed CAFI... ? and maybe reverse the combined into Loud Beverages?
very bizarre trading, lot after lot at 10k, large 1mm blocks bought and sold, offsetting
desperation...
that is another nail in the coffin.
i mean really.... a ceo whose only announcement is for another co, random states w new distros, walgreen roll out, but no reflection in numbers.
now this? Numbers that are unreliable or worse, and a resigning acct?
meanwhile the co is losing $, no new loans likely ( as is), dilution is only route, but approaching death spiral levels
the product is good... but brand never established... so not much leverage.
i mean, do a search... look at the 'state of the art'... and who makes a release about moving into an office.