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Agreed, A RED FLAG is A RED FLAG. Sometimes green its just a color painted on by insiders, nothing more, nothing less.
!!!!NVESTORS BEWARE!!!!.
Whose turn was it to paint today? W. Dave or Craig? Tossed a coin perhaps since it didn't cost much. $350 spent when no-one else will buy this POS is a sure fire way to keep that crumbling shack GREEN.
Agreed, Bullocks to Bollocks, especially with this easy to manipulate low volume POS.
When it costs only $350 to paint this up today not even the PPS is an accurate gauge of whats going on here.
INVESTORS BEWARE!!!!
Not only have taxes gone unpaid they're HUGE!!!
Even though you could not provide proof of any taxes paid or unpaid in the financials, it's in there.
Provision for tax liability in 10k from 2014 shows a tax liability of $234,323 [column on left] on revenues of 75,000.
Net (loss) before Income Taxes (1,414,520 ) (417,090 )
Provision for Income Taxes (234,323) —
Net (loss) (1,180,197 ) (417,090 )
Net Income (loss) before Income Taxes (3,327,64) (2,544,208)
Provision for Income Taxes — —
Net Income(loss) (3,327,645) (2,544,208)
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Taxes paid — —
Interest paid — —
Show where in any filing taxes have been paid or accounted for then, if you can.
Funny to you perhaps, but profits that aren't enough to pay past and current taxes ARE meaningless.
re:"I really agree with You."Which statement exactly?
that KAYS has a commercial kitchen and is making their own edibles as Drugdoctor previously posted or that KAYS sells edibles like all the shops in Oregon do.
Agreed, filings to date show no taxes paid by KAYS or amounts owed. Profit numbers are meaningless without understanding what comes out of them.
KAYS unpaid taxes are so large there is no money left for shareholders.
Prove otherwise in any past financial, if you can.
Where are taxes Due or Paid then? Show me where in any financial report from KAYS taxes are referenced at all, if you can.
No tax figures in any financial from KAYS ever has been shown. 2 years in and no taxes paid. Without Tax numbers the gross profit is meaningless.
This isn't a convenience store, The Feds are giving dispensaries no write-offs except for the cost of the MJ itself. All salaries including the $180,000 CEO salary, the hundreds of thousands in consulting fees, all advertising, leases, all business expenses, all equipment, and all packaging NO WRITE OFFS except for cost of goods which will leave all investors with nothing but a big bill from the IRS. No profits to be had, which is why it IS such a big deal that KAYS revenues are 50% less than the average Oregon competitor. Margins are so thin in the business of selling MJ because of the extra tax burden and only the strongest shops will survive.
With 50% less revenues than average shops in Oregon, KAYS is nowhere close to being on that list.
IMHO
re:"GROSS PROFIT MARGINS.. about 33% "Without TAXES being paid or reflected in the financials! Which for a dispensary that can't right off its business expenses, employee wages, or any expense associated with the sales of MJ is HUGE $. Nobody really knows what the Net Profit will be But I would wager it will be non-existent.
Just another example of how KAYS tries to hide the numbers that would show how poorly it performs.
re:"Yes, the quote says they produce and sell cannabis products" Not quite, although that would be easier to misinterpret. You've stated "Nowhere does it say they produce all the products they sell..."
The statement from KAYS that keeps showing up on this board seems to imply just that, and actually reads:
""KAYA Holdings (OTCQB: KAYS) owns and operates brands that produce, distribute and sell premium cannabis products, including flower, concentrates, and cannabis-infused baked goods and candies."
They don't produce edibles or concentrates never have and probably won't by the looks of things.
Considering the only thing that they might be producing is the flower, this statement that keeps getting repeated since 2014 is mostly misleading and untruthful as are the majority of KAYS statements and PRs.
KAYS= LIES!!! INVESTORS BEWARE!!!
JMHO
Agreed then, KAYS has been misrepresenting its edibles as products that they make themselves.
Thanks for verifying that.
Because they run a store. Stores BUY and SELL products that other people make. 7-11 sells baked goods and candy , doesn't mean they make them. This conversation is boring and you have proven nothing.
The point was and is that KAYS has claimed to be MAKING their own edible products since 2014 and they quite simply do not. In bold are the statements that are untrue and unsubstantiated:
KAYA Holdings (OTCQB: KAYS) owns and operates brands that produce, distribute and sell premium cannabis products, including flower, concentrates, and cannabis-infused baked goods and candies.
We are the first fully reporting U.S. public company to actually own and operate a vertically integrated seed-to-sale legal marijuana enterprise in the United States. Our operations include medical marijuana dispensaries ("MMDs"), medical marijuana grow operations ("Grows"), the manufacturing of proprietary cannabis products and the research and development of medical grade cannabis strains and extracts for pain relief and treatment of serious illnesses.
We may disagree on KAYS as a good investment, but bravo on your fun music post that took me back to high school again.
re:"You have confirmed my P/R stating that KAYS sells Baked Goods and Edibles."
I have done no such thing, and KAYS P/R doesn't state that they only sell them, it states that KAYS PRODUCES them also. Completely UNTRUE as they haven't and don't!
In FACT KAYS has stated many times that they produce their own baked goods and edibles.
Quote:
"KAYA Holdings (OTCQB: KAYS) owns and operates brands that produce, distribute and sell premium cannabis products, including flower, concentrates, and cannabis-infused baked goods and candies."
http://www.kayaholdings.com
Straight up lie from KAYS. Call the store and ask them yourselves, KAYS does not make any baked goods or candies nor do they own licenses to process edibles or extracts. No baked goods no candies no extracts made by KAYS no debate! Next....
The only time this POS shows any amount of volume is when it approaches .06.
I could imagine heavy volume on this ticker as PPS approaches .05s but we'll have to wait and see.
re:"As early as February 2015 KAYS was selling Baked Goods and Candies:" Actually KAYS has been SELLING cookies and baked goods that other companies have made and distributed to them and most of the other shops in Oregon since they opened. Nothing special there.
Nothing was mentioned that they produce them.
KAYA Holdings (OTCQB: KAYS) owns and operates brands that produce, distribute and sell premium cannabis products, including flower, concentrates, and cannabis-infused baked goods and candies.
Who cares as long as the Oregon FDA approves of their products.
and..this is really a very old Article
re:"Volume(Heavy Day)13,540" Another 1000($70)shares bought. Excitement building!!! LMAO
Volume(Heavy Day)13,540
yep, 10,000 shares sold ($700)
3,540 bot ($250)
Looks like a buying frenzy to me.
Compared to T**C, KAYS is like a childs lemonade stand where the sticky little children can't stop watering down the lemonade and buying candy with the proceeds, and I think you and I both know that.
wink...wink....[whatever that is supposed to imply]
Thank you baomike, always appreciate your objective perspective on ihub boards when I see it.
I know I might come across a little rough sometimes but please, I'm a 'she' not a 'he' as my name is Penny and my favorite quote is:
"He’s the strongest man in the world.’
‘Man, yes,’ said Pippi, ‘but I am the strongest girl in the world, remember that.
And now back to my regularly scheduled public service announcements:
The POS formerly known as AFAI, currently known as KAYS is a SCAM!
JM[ladylike]O<insert giggles here>
!!!INVESTORS BEWARE!!!
Agreed, Its funny how sloppy this scam is considering how much supportive news there is out there for the emerging MJ industry.
re:"$KAYS setting up nicely " LMAO!!! Investor SCAMS are the only thing KAYS is setting up! And NICELY is not how I would describe it!
IMHO
KAYS NEWS UPDATE: KAYS is a SLOPPY SCAM! Investors know at this point that KAYS needs to show RESULTS of what they say they are going to do with investors $ instead of more NEWS or unproven updates.
It doesn't take much reading between the lines of hastily crayoned words to see that something is amiss with this POS.
Like waiting to build out for provisional MEDICAL licensing from the OMMP. Any Marijuana play in a state that has legalized RECREATIONAL that isn't focused on RECREATIONAL Licensing isn't worth the papers that roll up all the old SCHWAG that their selling as pre-rolls.
JMO
re:"So you are saying " I am saying KAYS is not MAKING or BAKING their own edibles for sale, which is what your posts and their PR from 2 years ago stated. KAYS LIES!
Agreed wholeheartedly, KAYS=LIES! INVESTORS BEWARE!!!
I dunno, KAYS may also run from unpaid vendors, disgruntled employees, the US justice dept, and the investors left holding the numerous.03 shares when this finally bases out at its true worthless value.
Jmho
This POS has scam written all over it.
William David Jones aka Dave Jones aka W. David Jones aka Slick Willy aka Conman extraordinaire is by CEO Craig Frank's own defensive admission responsible for the 'idea' of dropping the biofuel scam via reverse merger shaking of the riff raff investors of that successful scam run in favor of this highly excitable constant news stream SCAM. IMHO
INVESTORS BEWARE!!!!!
Straight up lie from KAYS. Call the store and ask them yourselves, KAYS does not make any baked goods or candies nor do they own licenses to process edibles or extracts. No baked goods no candies no extracts made by KAYS no debate! Next....
re:" $KAYS under HEAVY ACCUMULATION here" LMAO with under 1000$/day traded on average over the last week I would hardly call that heavy anything. I would say smart investors aren't touching this POS at all and the neophytes who are taking the bait will have trouble finding anyone to buy their worthless shares once they see through KAYS LIES.
I just talked to Salem's Kaya Shack "Courtney" and they aren't making their own baked goods or processing their own extracts.
503-990-6755
Store Hours: 9:00 am – 8:00 pm Every Day
next...
Agreed, Grow pictures look like 200 not 6000 sf!
Link works fine, look a good read!
https://www.securitieslawyer101.com/2016/bermuda-short-in-retrospect/
re:"Looking real good. "LOL ! Not really. Sounds good in theory, but KAYS has failed to show any sign of all the supposed increased productivity reflected in the numerous statements made in past PRs about the grow for the past year and a half.
Even with all this time and alleged improvements, KAYS own grow isn't even supplying their two underperforming stores with all of their own product as is evidenced by the numerous disgruntled vendors of flower on Kaya Shacks own Facebook page who KAYS hasn't paid properly of late.
Add to that the lack of potency as reflected on Kaya Shack menus, and understand that no other store would be caught dead putting subpar low THC schwas on their shelves.
And we all know Craig reads this board. He used to post here, and still may for all anyone knows, right Goodbuddy?
Indeed, 2nd-quarter-should-be-interesting-as-taxes-haven't-been-reflected-on-any-financial-to-date, and the lack of profitability of this POS combined with past taxes due to be paid spells disaster.
Should be nice to have all that GROW OPERATION weed and the resulting sales.... Really profitable stuff...
3rd quarter hasn't even happened yet. 2nd quarter financials should be interesting as no taxes have been reflected on any financial to date, and the lack of profitability of this POS combined with past taxes due spells disaster.
I wouldn't hold your breath for a timely release of financials though as the 10k was over 45 days late and all other filings are also historically late as well.
$KAYS - the 'Starbux of weed'!
re:"Really nice to see all the interest here for $KAYS" LOL Do you mean the 6 people left here after the exodus of KAYS investors trying to break even.