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Completely wrong again. When you go into a purchase agreement with a third party, you have deliverables bound by a contract. If they fall short or ard delayed, that is a breech of contract. SO, they should ether be suing them or cutting losses and finding another manufacturer. Either way, they need to let everyone know what is going on. They have been stalling and stalling, it is nothing but people that are not doing their jobs and in the real corporate world would be fired.
or they could have paid them off with cash if they had released the product when they said they would.
Wrong, they failed. I will try to put this into terms anyone can understand. They set expectations for when they would have a product on the shelves. They missed that date by a long shot. EXAMPLE: When I was in the work force, I had employees that were assigned tasks...guess what I did to the employees that didn't get the tasks completed...I fired them. I don't want people working for me that can't get the job done. Shareholders are part owners. When management says they are going to do something, then get it done. End of story.
I am going to actually say something positive. I would venture to guess that by sponsoring this event, they will already be in dispensaries by that point. No use in sponsoring an event like that without having product. Although I still think they should wait for revenues before spending ANY more money.
Yes that is a little too small. They really need to add. If you want to buy shares, you can get a good run, but trying to sell would be challenging. My entry on this one is going to be when their float is incrased.
It would be up much more if management had followed through with what they said they were going to do. They either lied or failed. Either of which is a big disappointment. With the caliber of the C suite, you would think they could hit their deadlines.
I don't do any social media, everyone knows that. All their twitter posts I google by putting in $koan twitter. I am not a fan of Jack Dorsey and refuse to create an account on his stupid platform. I find that it is a cheap way for companies to pump their stocks without having to worry about paying for it or creating an 8k. I don't trust the posters as well. Paid basher and pumpers. Anyone can create an account. Being retired, I follow my stocks and that is all the news I need.
Not after today. WAAAYYYYYYYYY DOWNNNNNNN
They owe any shareholder
You find anything on those restricted shares please post it. If they are going to be restricted for the next 12 months, this will be a serious runner. If there is going to be millions hitting the market next quarter, we really need to see some worthwhile revs to support their effort. Everyone is correct, by giving 120 million shares, we all know who is in charge now. Definitely looking better.
it would be up 2000% if management did their job.
Then Management needs to turn in their shares for not figuring it out. Billions has been made in California alone, by companies that knew how to get the job done. I give management no excuses. You don't get excuses when you get millions in bonus money.
Please listen to the podcast below with the CEO
https://podcasts.apple.com/us/podcast/resonate-blends-inc/id1193668018?i=1000506685652
He specifically states an early March launch as they were having 100.000 units shipped from China.
Also, go to the BigBizShow interview from October. The CEO said that there was a January launch and by NOW they would be in 50 high end dispensaries.
Sorry, no excuses, they have millions in easy money shares so earn your dam money. Get Sh*t done when you say it is getting done.
do you still own 10% of the float
EVERYONE should be complaining about management failing to deliver. That is what gets them going. If the shareholders don't complain, they have no motivation to follow through. It is the responsibility shareholder.
LOLOL SMH whatever
I know, I figured this one had potential. But until we see a picture of their Cordial on a shelf or available for purchase on their website instead of "Get Notified", this is dead and most likely going down from here. The 10K is going to show nothing positive at all. This is really disappointing. Management had failed miserably on this one.
These cordials are like Bigfoot and the Lochness Monster, people have claimed sightings, but they are nothing but a hoax.
It's the only news.
No, they lied. They said they had 100,000 units for an early March launch on their January podcast. Well, they do not have any product and they are not selling anything. They were lying the whole time.
Yes, the buyers are waiting at .001
LOL not they don't. If there is good news the technicals mean nothing
when the K comes out, any price
an experienced trader would realize that if management hadn't lied, they would be at $1.50 by now. SMH
I sold some, okay I will try this one more time. BECAUSE MANAGEMENT SAID THE LAUNCH WOULD BE IN MARCH. THEY LIED. IF I HAD KNOWN THEY WERE LYING TO THE SHAREHOLDERS, EVERYONE WOULD HAVE SOLD.
Wrong, they got buyers because the CEO said that by January they would launch and by March they would be in 50 high end dispensaries. Then in January they changed the launch to early March and said they would have 100,000 units ready for the shelves. They just gave fluff news of a group that would be making the cordials BY HAND. if you look at that facility, it is not high capacity. That is why there is no buyers. They failed. When an employee fails, you fire them. Geoff has failed and it is costing the shareholders he made promises to. The problem is there are several "lottery ticket" holders. The people that defend them constantly because all their savings is tied up in one stock and they have no choice but to ride it out. Believe me, there are several shareholders looking for an exit strategy right now. This will take 3 years to get over a dollar.
It only took 250 shares to keep it flat for the day. If they had a product for sale and actual buyers for the stock, that would not happen. Now that buyers have dried up, this will go south quickly if management does not do something soon.
it will be .11 if they don't do something soon.
Because they said they were launching a product. So I guess because that is not happening we should expect it to go down 400%. You see, when management says they will do something, it tends to move EVERY stock higher. However, they lied and did not deliver. Right now everyone is trying to figure out their exit strategy. This is going nowhere because as soon as any good news gets out, shareholders will leave and never come back. Real leaders do what they say they are going to do.
December 17, 2020 Resonate Blends, Inc. (OTCQB:KOAN), a cannabis-based holding company ("Resonate" or "the Company"), today provides an update to shareholders on several topics relating to the launch of its first value-added Cannabis Brand with the industry’s first line of THC-based Koan Cordials.
Dear Shareholders,
We are pleased to announce we have begun the process of executing on the launch of our innovative Koan Cordials (www.koan.life), which will ship in first quarter of next year. KOAN® is the brand name for our first family of cannabis products targeting the Wellness Lifestyle market.
Our tagline is "Mastering the Art of Experience," which is our goal across our entire line of products starting with our first 6 cannabis experience-based Cordial products. Cordials are uniquely formulated, single serving precisely targeted experiences that are directly ingested or mixed with a drink of your choice for use in social or private settings. We were always looking for a product like this, and we could never find it - so we made it.
Everything from ordering inventory, opening up distribution channels and final preparation for our marketing efforts are now underway. We believe value-added brands focused on experience targets represent the greatest market opportunity in the maturing cannabis market. Our mission is to demystify and normalize cannabis use through innovative products built around the healing powers of plant medicine. Cordials are the first in a family of products designed around our unique Resonate System---the heart of our product development process.
We are in early discussions to license our products in two other cannabis friendly states, and we hope to have further updates on this new potential revenue stream once we launch our Cordials in California.
I think we are up to 2000 now
I had a big profit. At this point I do not have any of my original investment invested. Just all the gains
They made all those decisions a year ago. They had a year to launch their cordials and it is still not done
Actually it is all about making money which is what the flippers do.
I would suggest you do some more due diligence. The CEO stated in October of 2020 that they would launch in January of 2021 and be in 50 high end dispensaries by the end of 1st quarter. Then in January 2021 the CEO said they had 100,000 units being shipped for the launch in early March 2021. Now we are at the end of the 1st quarter and there is no product on the shelves. No revenues. Broken promises by the CEO. This is bad.
Management said they were launching a product 1st quarter, it is now 2nd quarter and no product. ANOTHER delay. Yes, I am calling them out. IF all the other shareholders would do the same thing maybe they would get their bu77 in gear and start producing revenues. The waiting game is over.
Its 8,300 square feet. Like I say, the restaurant on the corner is the same size. This is not a manufacturing plant by any means. In Detroit they just broke ground on a 44,000 square foot manufacturing plant for 1 cannabis company. This will not have the capability to product $10 million in revs per year like they expect for their stock bonus.
Joiant made the decision for them by having a MANGEMENT TEAM NOT FOLLOW THROUGH WITH WHAT THEY SAID THEY WERE GOING TO DO. Like the KOAN team
It really never even started. There was only 2 people in the whole company. Dispensaries have more employees than they did. Looking at the new company that will manufacture their product, their space is the size of the diner on the corner where I live. I cannot imagine millions in production. I don't think they have any contacts with the "top 50 dispensaries" like they said.
They went out of business before they could close. Jon never even added it to his linkedin page. We now know it was fluff PR to be working with the "Co-Founder" of Pandora...which he was only with for less than 3 years of his life