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Is it just me, or does it seem like everyone is ignoring the CEO letter released less than 2 weeks ago?
https://www.otcmarkets.com/stock/KGKG/news/Kona-Gold-Beverage-Inc---CEO-Letter?id=298565
Kinda like all the rhetoric about dilution earlier in the year, and then the OTCQB certification shows that Yorkville did not sell any shares?
https://backend.otcmarkets.com/otcapi/company/financial-report/278761/content
Also, the no response from IR is most likely due to attempting to register more shares with the SEC, as required for the $600k debenture to be sold.
https://www.otcmarkets.com/filing/conv_pdf?id=14723385&guid=j4RnU6W9xE6yZth
Post is my opinion, so please read the filings for yourselves.
ETrade is not showing L2, tried to enter a sell order well out of money and got a rejection, said I had to call to place any orders.
Never forget...
If you are going to refer to one of my posts, please also refer to the post where I clarified that the page mentioned is using fully-diluted common, not float, as you have inserted (post 105142)
I am not a fan of mis-information, no matter how it is used. So if you want to cherry-pick, leave me the F--- out of it.
Wow - that is an extremely old article with today's date...I wish the float was still 60M
Why?
Yes it is...
7/10/20 Float = 1,603,346
8/10/20 Float = 4,718,553
An increase of over 190% in one month
But the OS is just an indication of future float....
6/12/20 OS = 1,895,789
8/7/20 OS = 44,974,330
Merely a 2,270+% increase in two months....math is hard
I was digging some more this morning, and that excerpt is a bit misleading, so I do not want it stickied...
That quote was taken from the S-1 describing the entire class of stock (pg 19 of S-1.)
I found a lower table today (pg 59) that shows the 49% figure is assuming full conversion of all preferred classes and payment of all "accrued but not issued" common to Clark. So, management owns a little less than 5.5% of the current outstanding, but 49+% of fully-diluted (which will reduce to 45% after this SPA is completed.)
Also, I ball-parked the cash received in another post at somewhere around $3M, reading the SPA agreement the company is only receiving $1M...I would like clarification whether the 100M share is a maximum amount, or the financier gets all the shares regardless of conversion price. Also a maturity time-table would be extremely useful, but I can't find any info from the S-1 on that front, just that they mature 1 year after issuance.
The last thing I think I got wrong, is they do not have to report an SEC 10-Q until 1Q21. There was some language somewhere which said that they can stay alternative reporting through the fiscal year in which the registration is deemed effective...So if they somehow drag out the process until 1/1/21, then the first report due would be 1Q22
Again, I am human and get shit wrong, please correct me - I appreciate learning. Anything not copied from the filings is just my opinion, please do your own research.
Here's a minor detail from the filing I did not know...
As a follow-up, Clark's accrued compensation includes
Big picture is our shares are registered and next report will be on a 10Q, correct?
What I see for this offering is close to 106 millions shares as collateral for a loan...which is already on the books, so details should be in second quarter report. The lender is
Does anyone have insight into the AS raise that was posted via TA upadate this week? I sent an email to IR yesterday, but have not gotten a response, which to me is more damning than the raise itself.
The is the place everywhere else gets their info:
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001309323&owner=exclude&action=getcompany&Find=Search
Once filing is public, it will show up here (and update company name with SEC at that point?) first, then other sites will update on their own schedules.
I think its a good sign that they are not talking. They way I understand S-1 quiet period, is they do not talk about it from 30 days before filing until accepted by SEC.
Our former (thankfully) sister company shit the bed on that timing this week, so am interested in what happens there. If SEC allows their PR, then I do not understand S-1 quiet period...
I am basing my assumptions from this page
https://www.sec.gov/fast-answers/answersquiethtm.html
I think the key is the timing....RM dug his own grave here...
Per his PR, the "shareholder approval" occurred on 4/14/20
Both annual and quarterly did not have a peep in the "subsequent events" section about it. I'm no lawyer, but at this point, if the S-1 is not accompanied by an SEC approval to keep the R/S secret he's screwed.
Of course, if there was never an S-1, there can never be confidential approval.
Let's try some real math...
before split, there were 568,586,217 Shares outstanding.
Closing price before surprise R/S was $0.0084
Multiply those together, and you get the market cap, $4,776,124
Right now, there are 41,895,789 shares outstanding.
Closing price yesterday was $0.585
multiply those together and the current market cap is $24,509,036
The only thing that changed is that the most profitable subsidiary walked away mysteriously, and without any visible compensation to the company (really seems a repeat of O2Breathe, doesn't it?)
So, if someone is actually looking to buy this they will see they are paying a 6x premium for less company. If RM wants his free money ATM to function, he needs to justify the higher market cap with REAL action
P.S.
T/A updated share structure, CEO letter was not a typo.
https://www.otcmarkets.com/stock/VATED/security
Holy shit, am I reading the letter right???? If, so we all got seriously shafted.
Transfer agent most recent pre-RS update 5/8/20 = 568,586,217
divided by 300 is 1,895,297
OS as of yesterday, per CEO, and post-RS = 41,895,789
Who the fuck got those 40M shares?!?!??!?!??!
Yes, we have been VATED
P.S. -
being below 1 cent was not the reason for R/S, just an excuse. OTC Markets already stated that they were deferring minimum bid tests for tiers during COVID BS
Sounds like they created a subsidiary for the purpose of doing what they were supposed to be doing all along?
https://www.otcmarkets.com/stock/ALKM/news/Alkame-Holdings-Inc-Continues-Expansion-with-Launch-of-its-New-Wholly-Owned-Specialty-Manufacturing-Subsidiary-West-Coas?id=263105
Doesn't make sense to me...
Also, Dumbass apparently doesn't remember that promoting stock without being current is what got the CE in the first place. IMO, this should not have been posted without the Q
That is a horrendously simple PR given the severity of the actions taken
No R/S,
The AS was just raised to 10B on NVSOS
search here -
https://esos.nv.gov/EntitySearch/OnlineEntitySearch
The S-1 form requires the company to NOT MENTION IT for 30 days prior to submission. I personally hate it when he mentions since it basically pushes out the submission for at least another 30 days...
https://www.sec.gov/fast-answers/answersquiethtm.html
VATE took about 8 weeks from QB application to approval. I thought Clark was being overly optimistic when he said it should only take 4 weeks...Wish he would have said "minimum 4 weeks."
As far as updates, unless they land a new, massive distributor, or close on the flo deal there is no need for news. Putting out a PR for the sake of saying something just makes us look like any other pink sheet scam... Factual news, not overloaded with forward looking and/or conditional statements is what sets this company apart from all those other stocks.
Thank you for posting...
Now everyone doing research can see in bold letters that the OS is currently 100K LESS than reported on the q3 report.
Someone please correct me if I'm wrong, (I'm no expert, but I can read the financials.)
IF quantum held over 5% (or is it 10%?) of the float they would have to file a form every time they sold, correct? Even though KGKG is not registered with SEC, that does not absolve the financiers of their responsibilities.
Second, the timer for the 12-month restriction on new shares started when Quantum was issued the Preferred C's, not when they convert.
Looking at conversion dates/amounts (including converting the DAY AFTER the T/A updated OTCMarkets; dick-head move but not nefarious) they seemed to be converting chunks that got bigger as time went on.
This suggests to me that they (quantum) are no longer holding a large amount of common, and we know they don't have any more C's
All of this has been very out in the open....even when posters sell at $0.02 (BOOOM!)
VATE News:
https://www.otcmarkets.com/stock/VATE/news/story?e&id=1490598
sounds like we are selling all preferreds for a 10-year promissory note at $0.0091 per common...
on the surface, sounds like a shitty deal for us...
Any (intelligence-based) thoughts on this deal?
18 months ago same amount of posts, but on the positive side.
Guess someone shouldn't have sold everything at $0.02
So, they are establishing distribution networks in states that do not allow CBD...They are getting their product (HEMP infused energy drinks, which have 100% legal ingredients) all over these states. What happens to HighDrate sales when these distributors are legally able to sell them? But, seems like you are saying FDA clarity will do nothing.
Only worry I have is whether or not manufacturers will be able to keep up with KGKG's demand.
They cleared them all last year.
https://www.otcmarkets.com/stock/KGKG/disclosure
Bid/Ask numbers are not accurate while the markets are closed.
Common theme for the three you tried is fake sugar...I feel the same, something seems off but my wife loves it. Doesn't matter because I really only like the flavored ones as mixers anyway.
Try the platinum. Real sugar and a unique taste. That's my go-to when no alcohol is involved
TA updated the share structure finally, no new shares since last update. https://www.otcmarkets.com/stock/KGKG/security
For those attempting to spread FUD by screaming dilution, look at my previous posts. I laid out the structure earlier this year (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146798056), and not much has changed since then, except for the preferred being redeemed for common and some new employment agreements.
And for those that scream they don't know where the money is going, learn to read a financial statement. Those are the primary source for information when researching a company. There's a line item on the balance sheet:
Additional Paid in Capital 953,473
This is the money the company received for the stock sales, which went to the company start-up, product development, etc.
They first got convertible notes, cleared those in favor of preferred C. Now the convertible C's are not being sold (as far as fins show) and costs are supported by revenue and a more traditional line of credit. As the business grows, the cost of borrowing should go down, just like all other overhead.
And yes, the people who bought series C made out...but they are the bankers, not the company. If you think its that lucrative, go be a banker. But remember KGKG is one of their success stories also. How many $100K investments do they lose for every one that hits?
IMO, I also agree that they are not current on purpose...
Just speculation, but I think Eakle might be afraid of the Feds seizing his business. Promises of "getting current" seemed to coinncide with anticipation of FDA policy changes.
If you don't think the FDA can be complete douchebags if they want, just remember that they sent SWAT style teams to raid the Amish for selling raw dairy
https://reason.com/2011/05/16/raw-milk-raid-on-amish-farmer/
If they (FDA) are going to "crack down" to enforce their CBD policy (which is directly against congress' wishes as codified in the recent farm bill) they are going to go after manufacturers, not distributors or retailers.
Hemp has been "generally recognized as safe" by the FDA since the 90s...
Its CBD (a checmical derived from hemp) that we need the clarification from FDA on.
Doesn't make sense, but the same thing happened to VATE when they moved to QB
And I thought providing a link to the original source would prevent any "Apprentice Securities Selectors" from twisting the facts.
Keep wanting to block some, but then again information can be gained from others' lies... as long as the truth is independently known.
AS reduction is official...
OS only went up 6M in July
https://www.otcmarkets.com/stock/KGKG/security
Just noticed new highdrate flavors are available via website...
anyone know when that changed? TIA
https://highdrateme.com/
Well, can you tell me at 4:30PM what I should have "known" at 10AM???
I tried to find such a crystal ball and only came up with this
I make no assupmtions...By stating that a trade is one-sided (buy/sell) the assumption is that AONs do not exist