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George Jordan was removed from position of CFO/COO months ago. Total managerial chaos
The company is on life support
Thanks for that update
I put the link up to her profile.
Jess B
George Jordan or Princella did not last long. Paul Riss may be running this now for all we know.
Expect we see a contract for the vaccine soon. $200M in debt reduction, anticipating increase sales of Narcan, this should be a booming Q4 IMO.
Is their any speculation as to what might happen with Hypur and money owed to them by BLPG? Litigation?
They are on a rapid click to maxing out this structure. Bemax is notorious for reverse splitting stock. Proceed with caution
I agree, I changed my mind about holding shares here, I took my profits and bailed. Started out with a 1B AS increase and bumped it to a 3B increase with no explanation and the CEO will not give one. He is content with pumping this every year or so, letting share price come up for air before dropping it back into the cellar. This increase coincided with this latest business update, very obvious with his intention.
Yes, some dilution. Still minimal and not unusual. Im riding few million free shares, riding this through the Fall.
I like the latest updates, think we have plenty of retail prpfit taking happening now as well. Watching for that $.002 break, jmo
In all reality the dilution here has been minimal last few months. Watch the OS count. AS increase could be for other reasons than to just bloat the OS with dilution. With this new partnership with LionHealth, maybe then need to issue more preferred but restricted shares in the future. Definitely need to keep an eye on the OS count for sure. Still good opportunity here IMO.
OS up to 4.1B now, getting closer to that reverse split IMO
https://www.otcmarkets.com/stock/KGKG/security
Nice move today! Hopefully folks continue to load. Maybe can test $.002 range soon? As long as the company doesn't dilute anytime soon, this could be a great mover, JMO
Probably going to continue to unload, dropping this down to $.0001 or close to it, then reverse split the stock
These goobers still haven't updated the share structure, lol. OS probably close to 5B by now
EMED has been a sleeper for quite some time, but it is just beginning to wake up, Hopefully, based on all the recent business updates, we see this wake up and make a significant move out of the trips soon, JMO
Sales team of 200 people and partnership with Lionheart Health should significantly boost sales/revenue for Q3 and Q4 and net profit. LionHeart Health has ordered $473K worth of the new WellnessPro Infinity which is almost the entire current MC of $587K. I believe we are extremely undervalued here at $.0009/$.001 and a correction is coming. JMO
Now increasing Authorized shares to 5B, which IMO is not alarming. Anything can happen here. Shares could be needed for more than just padding CEO bank accounts, but could be used for potential M&A, more business partnerships, etc. I am very interested in seeing how the sales team that is being put together can get this new WellnessPro Infinity out to the masses. At least the company has a solid business plan and is trying to move this new product, JMO
8K/A
Bemax Inc. ran by a bunch of fraudsters / crooks. Didn't think this could get any worse, I was wrong
Just checking in, how is KG related to Bemax?
Almost 2 months since the last share structure update. Very intentional IMO
There will be plenty of takers IMO
Maybe that is what we need. Maybe he can pump this up out of the cellar
Riss holds over 300M common shares. He shouldn't be exempt from a RS, if they decide to do one.
Hope shareholders here have strong backs. Carry all the heavy debt of this mis-management team. These morons living the life of luxury from these toxic loans at the expense of investors. JMO
No, not the first that I have ever read, I know its CYA, so when this does flop like a fish out of water, they can say, told yea so.
Here is another interesting read taken from the latest Quarterly report:
There can be no assurance that the Company will be able to achieve its business plan objectives or be able to achieve or maintain
cash-flow-positive operating results. If the Company is unable to generate adequate funds from operations or raise sufficient
additional funds, the Company may not be able to repay its existing debt, continue to operate its network, respond to competitive
pressures, or fund its operations. As a result, the Company may be required to significantly reduce, reorganize, discontinue, or
shut down its operations. Accordingly, the management of the Company has concluded that there is substantial doubt about the
Company’s ability to continue as a going concern within one year after the issuance date of these financial statements
Riss better get to pumping this, if he wants to unloads his 321M shares of common stock
Reads as if the company is looking for a way to survive IMO. Nothing mentioned in the quarterly about the theft or loss of inventory. Couldn't or shouldn't have that loss of inventory been wrote off? IMO this company is severely lacking in management and marketing expertise. I also believe that bid setters on .0002's will get filled in the near future. Unfortunately, the fork will be getting stuck in this one soon, I do not expect to see any Artizen spin off, JMO
Taken from the latest Quarterly report:
"The Company has entered into negotiations to transfer operational control of its cultivation and fulfillment operations in Oregon
to a third party. The Company will execute a brand licensing agreement with the third-party operator to continue retail sales
of the Artizen brand in the market"
I assume this would be a major costing cutting measure? No employee overhead expense?
German had to relinquish George Jordan of his CFO duties for whatever reason, he hires this Marketing director that as far as I believe, has done absolutely nothing for this company, other than smoke up their product and take their money. What a train wreck
Remember, someone(s) came in and acquired a majority of their crop. A facility growing millions of dollars worth of cannabis, with no security camera's, guards, etc.!!! That was a very convenient hit.
Jumped back in here. New product launch potentially coming soon. GLTA
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