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I have to agree with you Dr Lowenstein, that is a good post.
The patience of the shareholders are wearing thin. Look at all the asks under .40. So much money can be made elsewhere. Why would you invest in a company that failed to launch. Definitely not the time to buy this one.
I have learned that people get very jealous of the people that make money, especially when they don't know how. The problem is, you have to learn from those people if you want to be successful as they are. KOAN management has not learned that as they are executing the worst product launch in history.
Why is the sky blue? Who cares, launch a product the way they said they would.
I blame management for not launching the product when they said they would.
I don't care about any of that. They have said they were launching a product for months and they haven't. End of story.
Not an attack at all. So, I am guessing that not everyone made the money I did trading KOAN. Well, rather than arguing maybe more people should listen so I am not the only one making money. Watch and learn. Management failed the shareholders when they failed to launch the product. They missed their forecast. And if feelings are hurt, then the stock market is definitely a bad place. As Gordon Gekko said, "don't get emotional about stocks, clouds your judgement". I would be happy to teach anyone on this board how to make money like I do. First step, listen to what I say and don't argue.
You can censor someone for stating facts. Management failed the launch, we are almost a month and a half past the date that was another delay. Even though I made more money that anyone else would like to verify like I did, I can still push management. I am doing everyone a favor. If no one was saying anything, they would just sit around issuing more shares and living off dilution.
I am not complaining about the money I made, just managements failure which is fact.
Doesn't matter. No product, no product, no product. That is what matters. They failed, they lied, they cost the shareholders a lot of value. They will not attract good longer term shareholders with money that know what they are doing, just the dreamers that have nothing and will always have nothing
No buyers. That is what happens when you have no product. Keep your word and launch a product and you will attract smart money. Unfortunately all they have are the lottery traders. Basically the investors that have not money so they put everything into one stock and have to hope that it makes them an instant millionaire and when they fail miserably they will still defend management because they have no choice due to all their eggs being in one basket Sad.
Rather than responding to the crazy number of replies, I will do one. KOAN did not launch a product when they said they would. This caused dilution to the shareholders and makes the C Suite look bad because they missed their forecast. They wasted shareholder money they raised because they are putting money to events and marketing before they even have a product. THAT IS CALLED PUTTING THE CHARIOT BEFORE THE HORSE. They have a horrible business plan and have executed it poorly. So many shares bought when it made it's run due to people believing what management was saying was true rather than lies to get a good run in the stock price so they could sucker in investors to impress PPM's. As long as it is over .20, PPM's make money. They could care less about this stock as to the executives that pay themselves off of dilution.
Better to make money by selling a product rather than selling shares.
KOAN is now listed on the OTC as a Shell Risk. This is due to the fact that they have no product for sale with no revenues. They have now diluted shareholders by 20 million shares issued to cover their costs. Way to drive away new investors KOAN. Get your product on the market now!!!
Wow, a record breaking 8 views. Yes, they really now how to market.
I will buy shares when I know I will make money like I always do with this company. I don't think anyone has pulled the profits I have pulled so I will wait until management has their product pricing together.
Wrong, there are two types of investors, those who make money and then those who don't and have an ax to grind with the ones that make money. This is a tough game that takes a lot of mental toughness. One thing is for sure, when management does not follow through the way KOAN did, they get called out. The reason, the traders that make money know how this will hurt them in the long run. The traders that lose money are the ones that support management no matter how many times they fail because they have all their money married to one stock and they can't afford to call out management. They just sit and hope. I am not going to sit and hope on KOAN I am holding managements feet to the fire for missing their launch date by a longshot.
There are 2 types of investors in KOAN. My type is the kind that calls out management when they don't do what they tell the shareholders they are going to do. That is the responsibility of being an owner of a company. Everyone has be be held accountable. IF they do not launch a product when they said they would, their feet have to be held to the fire. Unfortunately there are also "lottery ticket shareholders". Those are shareholders that have no money, they invest everything they have in a stock, then they keep praying that one day it will be 100 times their initial investment and they will have easy money. Unfortunately because that is all they have and it is tied up in one holding, no matter what management does they always praise them because they have no pull. I have already cashed out all my original investment. Everyone knows I do not invest more than 10% of my portfolio in penny stocks. When I get a big hit, I pull my principle and invest it in another opportunity. That is how money is made. Not taking what little someone may have and betting it all on one horse.
Paint jobs aren't an issue when they have buyers interested in their product.
Absolutely not. There are several sound investors voicing their concern over management missing their projections horribly without any explanation. I definitely support those that voice their concerns as hitting goals and projections are the most important thing in business. If you can't achieve the goals and projections you state to potential shareholders as well as current shareholders, the value of your company and it's reputation go south quickly. This is the position KOAN is in right now. Still not product, still no pricing.
Interesting, ignorance, lack of due diligence and naivete in investing is exactly what I was referring to yesterday. One can not gamble with money when they do not know what they are doing, they will lose!!
A lot of problems with Koan, Mgt is is missing forecasts and obviously does not communicate their issues with shareholders and have been making horrible operating decisions to negatively impact the bottom line and long term shareholder value.
My fear is that he did not explain the switch to "The Galley". On the January 26 podcast he specifically stated that they had product being shipped from China at about 120,000 units. What happened to those? Why would you tell us that, then not tell the shareholders on the Galley announcement that the product shipment they spoke about fell through. This is what disturbs me. So they announced a product launch, obviously something fell through that delayed it, they decide not to tell anyone of this change of plans. That is just poor. Announce a launch date and then when it comes and goes say nothing. Did he tell you when they would have a physical product ready to sell to a consumer? This is getting ridiculous. They are going to be 2 months late on an already delayed launch.
Okay, KOAN has no problems...nothing to see here
https://giphy.com/gifs/trump-press-conference-joV1k1sNOT5xC
Okay so no one can answer those questions so no it is not great. Everyone should pricing and product placement by now. I have fired many people in my time for missing deadlines. You don't pay people to miss their forecasts or deadlines you pay them to get the job done which they are not doing.
I guess they are right when it comes to "wishful thinking". So, if everything is so great, what is the price of the product they launched in March as they said the launch was going to be. How many dispensaries are they in? How many sales so far after their big, publicized, confirmed by the CEO, launch.
No you weren't, I told you there were tons of shares looking to be sold at .40. Yesterday 70,000 shares sold in the last 25 minutes of the day. Today, 50,000 shares sold and 65,000 waiting to be sold. I love how people think that level 2 is showing thin when in reality the sellers don't want to post how much they want to sell because it will drive down the price. Very good strategic selling so it does not crash the price, much more selling to go, level 2 proves it. That is why I am retired.
Wrong again. My point I made in my message yesterday is holding true today. There was a 50,000 share sell at .40 and now another 65,000 shares sitting on the ask at .40. As I mentioned, there are a lot of people trying to get out because they do not see anything happening until we know a product is being sold and a what price it is being sold for. There are way more sellers than buyers right now...as I said yesterday. I guess that is why I am retired, I have always been able to spot these things.
Here's where that is completely wrong. So because there are not a lot of buyers right now, those wanting to sell at a good price cannot put all their shares up on the ask. If they truly did want to put 100,000 shares at .40, the bid would drop below .30. This is why CDEL and OTCX has shown up on the bid with the same amount even though there are so many buys at the same price. When I have been selling this stock, I always sell 5000 to 10,000 shares at a time, not my full boat. Several times I have sold shares and level 2 ask does not change. If there were buyers, this would be a .50 right now and going up, not in the 30's. Stock prices do not drop when there are several buyers. Wow
Two things in business, excuses and results. The best stocks to be in are the companies that bring results.
oh wow! No that is a purchase! Some whale just invested $1000 at .38. Man this is going to the moon. Can't believe how much big money wants to buy up all the shares.
Well how about telling me the price of their product. How much for their Cordials? How much for a pack of 3? How much for Calm? How much for Wonder? If they are doing such a great job on this product launch, fill me in with the price of the product. I'll wait.
It was not my timeline, it was theirs. You may want to familiarize yourself with the interviews from the CEO that gave their timelines. Due Diligence is important when you analyze the future potential of a company. When the CEO gives you a timeline and they fail to deliver, that is really bad.
If you read my comment I did not say the lockdown ended in January. There were no new restrictions that would not have allowed them to do business. You have to remember something very important. In the business world there are only 2 things, excuses and results. I follow the results, not the excuses.
only 25 share are willing to buy at that price
No they are not. You don't give a launch date 6 weeks out from the launch and they miss the launch by months. They knew what they were doing. Pumping and then when the launch was missed, came the dumping.
They made these announcements at the end of January this year. There have been no new government or Covid regulations. Also, CEO stated the last week of January and early March launch. 6 weeks from launch you should know if it is legit. They were obviously saying that to sucker in buyers and pump the price. It collapsed from the high because management didn't deliver
I don't need a play by play. Doesn't matter what happens during the day, it is the market close. There will be fluctuations all day. Problem is they have not product so volume is down and they have no buyers because there is no reason to buy a company that claimed they had a product, now they do not.
The way they have turned the launch into a complete failure, I now see why they no longer work for Disney or Pixar. I worked for Disney decades ago and I can tell you they do not deal with excuses, just results.
What does that have to do with missing their product launch?
Well, anyone can create conspiracy theories, KOAN is going down because they missed the product lanuch.