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Don't flatter yourself thinking I am following you. I was in Kgkg long before you and stumbled on this yesterday. Again you avoided the question because you don't want to admit the answer but that's ok.
You and I both know the answer is no. Most likely they are diluting and you have no idea if it's 250k or 250 million.
However you are completely right, this easily could be .10 by tomorrow morning. The news was good news. It just depends on how much capital they are raising by selling these new shares
Again, that's not what I asked so I will ask again. Being honest and straightforward for all of us on here that you are here to help, do you see very many companies pay to promote their news if there isn't diluting involved? Simple yes or no.
Remember, we are being honest here right?
I didn't mention you. i post what I see as truths. So let's talk truths. Do you know
many companies down this low that pay for promotion of their news that aren't dumping shares?
Here is a statement from their previous 10-q. Makes me believe we saw dilution yesterday through a promoted PR:
[NOTE 3 – GOING CONCERN
The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $ 2,119,054 , an accumulated deficit of $ 2,675,326 and net loss from operations since inception of $ 2,675,326 . The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merging with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern.
The Company is funding its initial operations by way of issuing common shares.
The officers and directors have committed to advancing certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs.
The average volume is 9,000 shares per day? I almost jumped in but that is scary low. How would you ever sell your shares?
I must admit that I thought this might happen yesterday so I sold off 200k shares at .0078. Definitely want to buy them back but didn't want to miss the profits. It just seemed to me that the real news and take off will come with the share count being correctly shown and a distribution agreement. I think this waffles back and forth until those happen though. It certainly seems to be a good structured company with good intentions and anyone should be happy to buy in.
Well there has been every opportunity to go below .005 and no one has bitten so maybe this is the floor. Time will tell. Go KGKG
This is one of the oddest trading days I have seen. Selling at .005 and a turnaround buy at .008? That is sill on both sides
What the heck? .005? Seriously?
So am I to understand that people are actually purchasing this right now knowing that they might get R/S tomorrow morning? That is obsurd.
Can you explain to me what has happened here? Newbie trying to understand what happend? Looks like they did a reverse split and then issued a ton of new shares right after?
So I am lost here. Did this just go through a reverse split?
I hope you are right. This gap from the bid to the ask though is quite odd. At least no one is jumping down there in the bottom to get out. Bid should rise if everyone holds the line. It is an odd gap though. Go KGKG
WOW someone is dumping. That is ridiculous
I was afraid of the PPS resetting itself today. Afraid it might be red today but the financials should help us recover and move back up. Most important thing is that the company is doing it right
Why is there no volume here? That is what concerns me the most. I am thinking about taking a position but volume scares me
Why is the news not up on here yet? What is taking so long?
I get taking profits but this is dumb to do this. Why on earth would you drop the ask during a run?
What idiot is dropping the ask?
KGKG will be about .02 in a week is my guess
HERE WE GO BOYS! Time to fly!
BIG WHACK! .065 GOING DOWN!!!
Newbies look at the float. This isn't a stock with a a billion shares out there trading. This WILL RUN SOON. The float should tell you that along with the previous trading numbers. This block at .0065 is temporary
Haven't heard from lifeisagamble lately. Wonder what he moved on to?
It would help if they would put the news up here. Especially on the breakout board showing the news icon. This ask is going away very soon. People need to buy it up or either chase later
KGKG will be above .01 in the next couple of days. I would expect SIPC to start rising as well considering the companies are closely related.
The standoff is on. I wouldn't expect ANYONE to drop below the ask for any sale. THIS HAS NO BUSINESS staying at .0065. We should easily reach .01 in the next couple of days.
.0065 is nothing. This was over .01 two months ago and is going to be there soon enough.
An idiot is who. If that were 100k on the ask it would be gobbled up and moved up higher already
.0065 is a steal. .01-.03 is pretty reasonable
Starting out hot. Going to be a good day I think
This has certainly been an excellent day for the PPS. Hope this continues next week. Congrats to everyone who bought in.
Whoever that was at .0052 walking down the ask is a moron. Wish they would sell that 100k and never come back. So stupid walking it down trying to hop the others to sell first. Just hurting the PPS
Dead honesty here, I completely get taking profits when they are there to take but if you are selling right now you are crazy. Holding the shares and letting it run makes everyone a pile more money. Snatch the orders off the ask and let the demand build up. You can sell at .0075.
Glad to see us cross that .0054 hump. We had been stuck there for a few days. Let's get it over .006 and we should move pretty quick up to .01
I am honestly confused right now. No idea why this is happening. It has to be MM's collecting shares. We can't buy at .00498 so I know that was a MM purchase but sure the rest is too?
Either way if you want shares you need to be buying right this minute before it goes higher.
Wow. This started out hot.
I couldn't agree with this more. My biggest problem is the lack of transparancy about the dilution. I honestly feel like this issue leaves it hard to trust him.
That's simply my view though. Doesn't mean he isn't going to do good things and make this a successful company, but it just gives me a reason to doubt he is on the up and up at all times.
You just cannot send out a PR making claims about reducing ANY share structure knowing full well you are adding shares as well. That is shady plain and simple. Even if it was a mistake and he meant OS vs. float he is still playing games by talking about reducing shares while adding shares at the same time and not mentioning those.
I will agree with that. They must be confident about what is coming out in that quarterly or they would delay it as long as possible. I just am dying to know how they explain this share structure. I don't really care about the money right now. They can be negative with no sales as far as I am concerned. But the share structure is the most crucial thing to me
Well it sounded to me from the PR that they were selling it and not branching it off. It's certainly possible but it's just not how I read it. Would have expected them to word the PR differently. But hey, they also reduced the float by 30 million in a PR (yeah right).
:)
Go KGKG.