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Thank you, moving steadily toward bottom, just a matter of where that may be, but buys from trip 1 to 4 are excellent IMO.
They lower the AS to 5.6B and now start the gradual increase back toward 10B AS?
I see they just increased AS TO 5.9B
If they dilute it down a couple more ticks, I will buy in here again. GLTA
No pity from me. Many of those companies are in the OTC and have fleeced shareholders / investors for millions.
Their sugar daddy, Mast Hill, has been putting the hammer down here with dilution IMO. Maybe even RC. JMO
It has been very obvious that dilution is running wild. I believe they will dilute this back to low trips. At that point I am a buyer again. JMO
Management says they were aware of burglaries in the surrounding area, yet did nothing to prevent their own facility from being burglarized? no security guards, no monitoring system? alarms? to protect a multi million dollar grow operation? Wreaks of a strong smell of bullshit IMO.
I did not sell my shares prior to this upcoming split and more than likely a terrible move on my part. What will the share price be at Tuesday morning market open? I am hoping I can break close to even or bail at a small loss here. TIA
The outstanding share count now at 3.1B, I will be watching for the June update. Probably be at least 3.6B, if not higher, JMO
After digging deeper into the filings, and looking at all the insider connections, the only thing I see these folks selling is shares. They have an endless supply of those to sell. Financials are terrible. JMO
Definitely not proactive more like reactive. Top notch security should have been top priority.
So, I read from a post on X that one of Artizen's grow facilities had been burglarized, this company has nothing but setbacks.
https://twitter.com/papamurf_1/status/1790477752837017848/photo/1
One big heaping pile of smoldering cow dung is all this is.
Insiders warrants/options have a strike price of $.21, correct?
Just checked in and what a pleasant spike we had today. What is going on? Do not see any business updates today, but sure plenty of interest
Yea, trading stock with extreme caution. As the OS inches closer to the AS, I would expect to see a RS announcement. JMO
Mast Hill is unloading shares, among other lenders to the company. I am really surprised this didn't see trips last week, patience. If minimal buying on the Ask continues, then the buys will come from the bid next week, driving this down to trips. Over 3B OS now and rising, last update was Apr 9, expect to see that OS move a bit higher on next update, JMO
I agree. I have been watching long enough now, without really digging into the past history here. They are mired in a boatload of toxic debt and RC finger prints are all over this. He has and still is fleecing shareholders, just going about it a different way now.
Not impressed at all with this new management team. I would not be surprised to see a RS announcement that goes along with this new business entity they are putting together. JMO and GLTA
I believe you are correct. Trips incoming here soon.
I am looking for more dilution that takes this back down into the trips. I see the OS now sets over 3B. Watch it slowly climb toward 5.6B, A boat load of convertible debt still remains.
To me, not knowing the history here well, looked promising in the beginning with this management change. I later began connecting the dots of this operation. I took my profits and bailed, GLTA
Its like management is weaving a big spider web and waiting on investors to get caught up in it.
They did: "Addressing Shareholder Concerns: No Reverse Stock Split in the Immediate Future"
The questions is, What is their definition of immediate future?
This is what we are currently dealing with IMO:
"According to the company's prior filings, Mast Hill holds a substantial amount of convertible debt. We will schedule a conference call with Mast Hill to gain a deeper understanding of their intentions, keep shareholders fully informed about their holdings, holding periods, and any conversion timelines."
They failed to mention all of RC notes. They both are more than likely the reason for the significant drop in share price, JMO
I might, but will wait and see if they dilute this back to the trips before I do. GLTA
Yes they do, its shares. Full dilution mode at this point.
For some reason they sent the PR just using IHNW? Why not other media outlets?
Expecting another acquisition announcement from KG by EOM according to the latest PR. New management has been active since taking over. Biggest move they have made to date is this Joint venture and hopefully getting the manufacturing of their KG product rolling. JMO
So do you know much about Lena Brewing? Looks like they will be the manufacturer of KG product
They are in a rebuilding phase currently
New management, new business strategy
Who in here is familiar with Apple Rush (APRU) and Lena Brewing? Looks like a joint venture has been established. Maybe they get this manufacturing of KG beverage rolling now?
Joint venture with APRU Apple Rush and Lena Brewing
Can you explain what was nasty about that 8K filing? The dilution may be coming, but it wont be until December of this year and Sept of 2025 from what I read. Maybe I am misinterpreting.
I took a profit and am riding free shares, but I will not ride these shares back to the trips. I will only reload there if these toxic lenders, yes including you RC, take this back down to trip 1 and 2.
"Addressing Shareholder Concerns: No Reverse Stock Split in the Immediate Future" I guess we need to know their definition of "immediate future"
I agree that no company is going to acquire KG. At least until they flush these toxic notes and steer clear of future toxic notes and start strengthening the balance sheet with actual net profit.
I want to see the financials on Covert LLC. How much debt they have acquired and how much net profit, if any, they are generating. Same with any other copmpany they actually do acquire.
A lot of "Gray" area to sift through here.
"We are currently in negotiations with a company that is experiencing solid growth, has a great revenue stream, and an experienced team in their market." Any guesses as to what market this company is in? Maybe: Beer / wine / liquor? Food?
Working to close the transaction by EOM. Interesting
DILUTION
Get the notes out of the way and hopefully steer clear of toxic debt moving forward
Dilution gone wild
Exactly. Talk is cheap, we will see that reflected in the share price eventually, JMO
The company paid almost $1M in interest. I dont think the debt holders care that much about the share price. Insiders should, especially RC. He may not be listed as an insider, but with all the shares he still holds he unofficially is a big part of this operation IMO.
I hope this new management team aren't just RC puppets.
I am holding. I bought a few million shares while at a premium discount.
I am learning about this company from you all that have been around KG a few years now, respect and appreciate the input.