Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What I am curious to see, is if those $60K and $70K ask walls pop up again, if and when we do begin a climb back up.
I would not object to this dropping back down to trips again as I am certain many here wouldn't either.
Mast Hill unloading shares IMO. Maybe even RC, retail panic selling and normal profit taking. I for one will wait to see if we dip below $.003 before buying more.
That's a good question. I don't believe they will want to go delinquent with filing, so at the least we see the Annual report this year. Spin off is up in the air.
I'm going out on a limb and saying congrats to all here that were able to load up in the .003 range today. GLTA
Have some patience here folks. Geesh. Rebrand and fresh stock of KG beverage coming in March according to previous PR. Still 18 days left in March. Capital structure is being improved on, starting with the reduction in AS, now mentioning a share buyback. Ink on the acquisition paperwork hasn't even dried yet, give them some time to get leadership structure, bio's etc in order. Based on this share price, it is obvious that plenty of folks are holding their shares and accumulating form the weak hands and day flippers.
I personally look forward to seeing how this all unfolds the next few months. I will visit here occasionally, enjoy reading all the conspiracy theories and other BS
Lets see what happens in April / May. Maybe that ZEN dust will sprinkle over the long term shareholders.
and that is why I think their beverage line will still be a big part of their portfolio moving forward
Anyone have input on this management share buyback? We really don't know who currently owns what, in terms of common and restricted shares with this current management team. RC is not considered management anymore? Seems the bulk of the issued and outstanding had belonged to RC and Mast Hill, prior to new management taking over.
"In addition, I am pleased to announce that management is in discussions to execute a management share buyback"
You have tried the product? Were you a distributor?
Exactly. The 9M and 11M share blocks @ .006 and .0063 were put there fro a reason. news today was legit, folks can spin it however they want. I believe we see a bounce back toward .006 before close. JMO
I believe they are smart enough to know they need to broaden their portfolio, beyond just the Cannabis market. JMO
"This acquisition is just the beginning of Kona Gold's ambitious plan for the year, with several more strategic acquisitions in the pipeline."
They mentioned a share buyback in the PR as well. That would be a solid move IMO
Covert LLC has quite a variety of Cannabis related products to offer. Looks like KG has dove into the Cannabis industry head first. Hopefully these guys know what they are doing. $5M per in year in sales is good, but hopefully they can at the least double / triple moving forward. Be interesting to read their financial statement.
Covert LLC
Also looks like we will have a managerial change according to PR, unless a typo:
Our shared vision for innovation and excellence in the cannabis industry sets the stage for a future where we not only meet but surpass our ambitious goals. I look forward to what we will achieve together, creating unparalleled value for our customers and stakeholders alike." Stated Jared Fischer, Chief Executive Officer of Kona Gold Beverages, Inc.
Lets see a 11M share slap on that ask. Then I might think they were, lol. That 11M share block will get absorbed eventually, JMO
11M shares thrown up on the Ask @ .0063
Acquisition has been executed!
Covert LLC Acquisition news
Key statements IMO:
The Company, boasting multiple facilities in North Carolina, South Carolina, and Florida, has consistently generated annual sales of over $5 Million Dollars for multiple years, with ambitions to reach $1 Million a month in sales this year. With a presence in 18 states and ambitious plans to double this reach, Covert LLC has consistently demonstrated its potential for exponential growth
In addition, I am pleased to announce that management is in discussions to execute a management share buyback, further demonstrating our commitment to shareholders and the continued growth of the company,"" Stated Brandon White, Chairman of Kona Gold Beverages, Inc.
Folks just aren't willing to unload 3's. Looks like 4's are the sweet spot
Nice close today. Looks like it could be a long waiting game for those that were looking to load those 003's and especially those trip 5's
Sure. Just throw your bid out there. I think 3's will get dumped into bags sooner than later.
Seems most everyone already knows about this company's past history. New management, new ideas, new business strategy, I could care less what you do, I am willing to give these guys a chance, before I make that kind of judgement.
You just keep waiting on those trip 5's
I agree. I believe KG is the acquiring company and they are not selling the business to anyone, at least not at this time. Another party might be interested after all the carnage from RC is cleaned up
He will have a lingering effect here to a certain extent. I have not been involved in KG that long, but I have read enough on RC to agree with you. Seems he has doubled dipped on KG for quite some time, by getting paid these ridiculous salaries and loaning that money to the company with sick interest rates.
Quite astonishing. We set with an unrestricted outstanding share count of 7.6M.
A lot of Nasdaq stocks are not even close to that low of an OS count.
I believe we see around $4M in annual revenue for last year. Balance sheet seems to improve each year, maybe this is the year of a buyout or merger. Okay to dream, lol.
I think it is time to give this company a shout out on social media on a daily basis. The OS alone should be enticing to folks.
MC is a joke right now.
I don't believe KG is looking to be acquired but rather to build a stronger company. Maybe after they establish proven sales and strong revenue growth and better capital structure, a significant buyer could throw out an offer that won't refused.
Key Highlights:
Strategic Credit Line: The $5 million non-dilutive credit line will be used for production growth, market share expansion, and potential acquisitions.
Preserving Shareholder Value: The credit line is structured to safeguard shareholder value by preventing conversion into shares of the company.
Transparency Commitment: Management is fully committed to transparency and will keep shareholders informed regarding the share structure and any potential conversion developments.
Responsible Financial Stewardship: The new management team is focused on eliminating conversion possibilities within its control and seeking funding sources aligned with shareholder interests.
Not an insider, lol. But I did read their update again and I can see why folks would think KG could be the acquired company here. Interesting thought for sure
KG is not being acquired. KG is looking to acquire another company.
At least your not waiting on those trip 5's
Yea think maybe they are using some of that $5M in non dilutive LOC and maybe some preferred shares to seal the deal? I do
Think positive. Cheers to positive acquisition / merger news next week 🍻
News from KG X account!
Big news! We’ve sent an acquisition agreement to a company with yearly multi-million dollar revenues and are hopeful for a positive outcome. Exciting details via press release next week! Stay tuned. $KGKG
— Kona Gold Beverage (@KGBeverage2) March 8, 2024
Management has just started using X again. Social media platforms are a very important part of marketing
Support is around $.004, could be wrong, but I do not believe we drop lower than that today and hopefully we already touched bottom for the day
This is of the highest priority at current time IMO. Some of these notes are more than likely converting now and I hope so, because this share price is holding strong and steady. Dilution is not choking us out, if it is happening and that is very positive IMO.
An update from new management concerning the status of these notes would be great. This is the big gorilla on our backs right now, once most of this is dealt with and new management can steer clear of Mast Hill or any other toxic lenders this could really fly!
Navigating Prior Investments with Strategic Foresight
"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."
Taking my chances on IINN now
I am out. Will wait for a dip and jump back in later this year
I think most know, All that one has to do is read and comprehend. Share price is doing great IMO.
Just stating what I believe happens next week. If we get solid acquisition / merger or even partnership news next week, based on how this is trading now, we could easily see or get close to a $.01 break.
Schumer says. Schumer is just a wind bag, does anything that he says ever come to fruition?