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The positive is Artizen generated avg of around $16.4M in revenue. About the only positive I see from the posted financials. Hopefully post spin off Artizen financials start looking much better
Maybe or they are clueless as to what they potentially own. Not a lot of sellers currently, eventually that wall will get absorbed, JMO
Someone has $25K worth of shares setting on the ask @ .0025, that is there for a reason.
BS, So why does a 10M share block set on the ask every day?
I am just stating the obvious. I stay informed by management, I could care less who buys or sells
Yep, there's that loading wall again today.
They should have 10K posted by March 31st. Not sure why Dan Allen continues to pay the fees for SEC reporting with audited fins. Does not give this company any more credibility. He has lost that already. Zero shareholder value or interest and for whatever the reason he seems very content with that.
Management is unbelievably puzzling. Is this a money laundering scheme, tax write off scheme, just what gives here?
Noted a 10M share wall on the ask @ $.0027. Someone wants to load up
Key to that success story you posted was that they steered clear from toxic debt. Exactly what Kona Gold management team needs to do moving forward.
They said to expect a "dynamic marketing blitz" across social media Amazon and Walmart Marketplace. They more than likely have someone there with marketing expertise to run this blitz, JMO
Thinking big or go home is a good mind set to have, but you better have the funding / resources in place when doing so.
Logical moves. Hiring a social media company is a good move. Hopefully a few more good business moves coming. Very first thing is to get OTC Markets off their backs. I don't believe they were ready from an administrative standpoint, with this move to Alternative reporting.
Management told me they were in the process of getting this issue resolved.
I suggest sending any questions / suggestions to management. They are willing to respond, which is a rarity from many Pink Sheet companies.
investorrelations@konagoldbeverage.com
Received an email from management that stated their intention is to consolidate all websites into one Domain for Kona / Hydrate. They also are in the process of hiring a social media company. Excellent move IMO.
I noticed that commercial last night and thought about Kona Gold Beverage. I think we will have a strong marketing blitz once that aspect of the business gets rolling.
Also received this response from management concerning Alternative reporting:
" Thank you for your email. The previous management had invested a substantial amount of money trying to get the company on the Nasdaq, which really took a toll. The move to alternative reporting is being done to help keep the costs down which allows us to fully invest back into the business. Invest in inventory and marketing - that's where our dollars are going right now. "
"Fully reporting is always an option in the future."
"Thank you for your continued support and questions. "
KG
No worries. Doesn't matter for me, as I am not day trading this anyway. Just holding into spin off and see where we end up when the smoke clears.
4 zeros? I'm going out on a limb and saying "I doubt that"
Many alternative reporting companies do just fine, just like Kona Gold will do. Financials are still audited, which still gives the company credibility. Me personally, am not reading into that decision much, but have reached out to the company with a question about it.
Not understanding the logic behind that move. Appears that RC filed that one. I agree with you, but also know of many successful Pink sheet companies doing very well as an Alternative reporting company.
What is ELTP?
How much money, if any, does the company save by moving from SEC to an alternative reporting company? The company still has audited financials according to OTCM.
KGKG Company profile
Excellent, 2023 financials should not be to far behind with being posted.
Throw charts out the window here, lol
Reads as if the former CEO just gave up on it. New management apparently was long overdue, former CEO just made all the wrong business decisions, suffering from "burn out"?, I have no clue, I didn't even know about this company when it was booming, in its better years.
I am certain they will. My thought of bringing other product to market was for a couple years down the road at minimum. From all the feedback I have received, their drinks are outstanding. If they get them on Amazon, I will definitely order a try one and give the rest to friends that like energy drinks.
I know management is currently concentrating on the energy drinks and getting all those various products moving again, but I am sure they will be looking into other opportunities in the beverage sector. Various ice tea / coffee flavors, would be a great addition if financially feasible, at some point IMO.
They are going to "tweek" the ingredients, adding more caffeine to levels in comaprison to Red Bull and Monster drinks. That's what folks want. Not a big energy drink fan or fan of sodas in general, but I do like my coffee for my caffeine fix. Maybe one day they will come up with their own, unique coffee blend.
Excellent point. Email that suggestion to BW
Email the suggestions to BW. I think this is great news today. Moving in the right direction. We are rolling through February. end of Q1 will be here soon.
Yep, I will never bring that topic up here again.
Excellent update. Not a RS lover and why I brought the subject up. Managements clarification, is all I asked for and they delivered. We get that reassuring update and folks dump into the bid. Surely retail isn't that stupid.
Thanks, I think 😂
Might have got him a hamburger and an order of fries, maybe a coke 🤣
Lets see what happens when the financials are released. If they hit their sales target with the OTC Narcan, should be nice net profits, JMO
A realistic target I agree with.
$.004 could come as well
Holding .0002/.0003 range a few days now. I grabbed some shares, what the heck. CEO doesn't have the greatest track record, but still an ok share structure, and have seen a much worse balance sheet. GLTA
Sure, there is uncertainty, I wasn't in this years ago when everyone was riding high along with the PPS. I get being overly cautious. We will just have to see how this all plays out. Hopefully new management can deliver.
Agree. I am just waiting to see action from the new management team that is in alignment with their PR's. Unless some major red flags from management arise here, I see no reason to sell, regardless of how low folks might take the PPS down.
Most of these micro's are very short term holdings. No worries at all. It is those very few, that I choose to accumulate and hold long term, which are very few and PVSP being in that very few list. It is the ratio and what happens post split, when these do, especially if there is toxic debt floating around. So, for me, without clarification, is a bit concerning. That is all that gives.
German has had an open line of communication with me for months. All I am looking for is a simple maybe, yes or no, to my that particular question. He can call me an idiot, moron, clueless, anything he wants, just answer the question.
I understand the spin off, but a RS prior to spin off does matter. You will hold a significantly smaller number of shares going into spin off, hoping that the share price immediately stabilizes or moves forward. All just a calculated risk. Wish the company would just reach out to share holders squashing the thought a RS could happen prior to spin off. It would be a big boost to shareholder confidence here, JMO
How many of you think a RS will happen prior to the Artizen spin off? I am sure I will create a shit storm with his question, but I don't care. Not like I am trying to create a sell off, we have been at or near bottom last few weeks anyway. I have had German respond to all of my questions via email in the past, but this question I ask, the only feedback I get is the sound of crickets.
If you don't think it will happen, can you explain your reasoning, other than the company said they would be a 5 year window, prior to contemplating a RS.
Not defending Jermain Strong, but he took over as CEO there July 2020, company already had been spiraling out of control, after sifting through various CEO's. Share price then was already down to around $.40 PPS
Robert Clark and his fixation on toxic lending brought this company to its knees, aiding in taking PPS from a high of $.13 to a low of $.0004, Just a 50% turn around here would be outstanding, Lets see if new management can deliver. JMO