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pretty grim.
the lesson is marketing and brand development are essential. Just putting a can on a shelf doesnt do it.
It is certain RC has his plan, but doesnt appear to align w share holders.
No one will pay up for a good tasting bev with no following... with debt...with bil's of shares, layered on shares.
oh, and musks role at X, twit, etc IS a distraction for him.
He is type of manager who is a brilliant engineer... reigned in by physics and science... doesnt do as well in social media world
sorry if it comes off that way.
i post what i see as real facts, on shares, charts, fid duties etc.
Not all who come on this board review history.
Still here for when they do their rs, merge or other.
Do like their products!
amd again has no benefit for KG.
All time RC spends on the other co is time away from fid duty to KG.
To date RC /KG has not put out any release about its moonlighting CEO.
There may very well be legal exposure to company for its negligence of care / duty to shareholders.
interesting...
and given NO marketing, ad, social media campaigns to promote the brand, micro targeting areas... why would they pay attention? LOTS of other brands fighting for space.
And now CEO is off promoting another co? Thats a great nessage.
perhaps you have not read past posts where i shared i have followed for years as one of the early investors prior to the 'run' to .14 ish... prior to split off of BLEG. Made money and was a total fan, until the 20's when the co seemed to lose its way.
fortunatly i sold most into that run, but still hold a tiny position. I follow now waiting for what i believe will be some transformative action... an RS, sale, merge etc. The current share profile/ dilution is too heavy a weight given obligations and tiny margins.
Really a slap to holders that the CEO is now putting out PRs for another company and not a word about his moonlighting from KG duties. If there is a plan how this benefits ... not a word? Fiduciary?
But as noted a tiny position, so more like reading the comics.
then beware shareholders!
he has grown KG through massive debt and dilution.
Look at 1,3,5 yr charts
well they DID rebrand but seemingly never followed through.
here is new can on their site-
https://konagoldbeverage.com/
but if you follow to purchase you are directed to kona gold hemp page and the image that comes up is the old brand. So either sloppy admin, or they never rolled out.
https://konagoldhemp.com/
this isnt slamming
but seriously, look at the chart of the last 1,2,3 years.
From a shareholders interest how does RC's 'build' stack up.
After all this time and dilution, how has RC's success benefited shareholders?
or funders with shares available
wasnt the product supppsed to be in WD stores? Used to be? Or was that in other states?
and this helps ooh la how?
does that my mean those Walmarts are out, or possibly not stocking?
look at 3 yr chart for real performance. This includes brand launch, Walmart, all sorts of news.
The issue is and has been dilution which has drowns all.
A handful here go back even longer ( including me) when the hemp craze, tight float drove the new co from sub pennies to .14+
However now the share profile has been destroyed and even 'record' revs and news will barely move the dial.
What to watch for... when the co addresses investors seriously with discussion of dilutuion and begins to clean up the layered complicated private funding commitments.
They ARE apparently growing the product footprint. But 'records' dont matter with record dilution.
look at the 3 year charts of these million dollar companies.
yes, excuse, excuse , etc etc
This is good progress.
What is missing in this and past releases is the $.
Until the co grows faster than the dilution the lasting upside is limited. Certainly we will hear about record volumes and revs, but time for the co to communicate directly to investors about shares.
It is simple... if the co can navigate a way to reduce, retire or otherwise lower OS and float this could explode.
For those not around, in the first 2 years RC often addressed shares and opportunity. One release expressly did reduce the OS.
But last years investors have not been on his radar.
like the disclosure.
fot my part i dont see the buy case. It will take actual numbers to tip the scale.
After months of Walmart, and other misc random news and years of claims, what we DO see is dilution that seems to drown any lasting share price move.
the 'record' sales are still small and despite growth still reflect and pile up losses,
News is ad hoc, and inconsistent. The funding traunches, share awards, salaries, lack of visibility make it very hard to have confidence in the shareholder standing.
i hold a legacy small position of 1.5 mm from an earlier 16mm in the old run up days so a free ride and plan to hold for fun.
my gosh... so many smart posts... you'd think this was a big board widely followed stock.
Sorry folks this is not Carvana or NVDA...this is a tiny co, very very few follow, in part because mgt does not give a 'f' about its holders... loses money, is not transparent, has a decent but 'no moat' product.
The 'swings' are with tiny $ participation.
This is not a hidden gem, sleepee about to explode... it is a stock that serves the senior owners only.
They need to do whatever they are planning ... RS, merge, sell... but at bil's in float/issued any moves are not serious
imho of course
$75 k is awful!
given dilution and op cost would suggest still sinking
remarkable no update.
No 'keeping quiet because things happening'. If material development the co is required to update, not front run, up or down, by insiders.
and the co CEO becoming CEO of another like kind co is simply bizarre. They dont have $, or any assets. They have a concept. Thats it. So as you noted will be taking all experience gained to apply to another co!
Merger talk is a dream. On their Otc filings they already are filing for another name, other efforts that will take months or years to complete.
And merge what, a concept with no revs, and a new batch of insiders gorging on shares?
Not a tweet, not a brief minimal release update to current KG holders.
And a slap to current holders that he is described as an exec that grows companys. Sure, with other peoples money and no value to retail investors over last 2-3 years.
oh yea, covid...zzzz
good points
? If RC provides all sales channels and experience to other co it does NOTHING for KG!
it is another co!
Of course it was a release for other co, but as the controlling holder and CEO of KG, and as part of fiduciary responsibilty, he needs to share to KG investors how spending whatever time away from his KG ceo responsibilities accrues to investors.
But RC did not address the divided interest concern in his release. Nor any benefit to KG.
Merge? This other co has nothing yet. They are filing for name change, symbol change, share restructure. They have to first develop brand, market, ops, web etc. A couple of years?
It is nor as if, at '002, KG is a success with nothing left to do! Or as if there is fepth at mgt. Look at KG board, or other noteable HR. Thin.
RC owes KG shareholers an explanation.
i glanced at that. I think also their AS is almost maxed out as well.
not sure what the excitement is.
From a KG point of view, the ceo is now diluted between 2 entities.
There is no rev coming to KG, just to RC.
There is no rev in this new co either. It is a start up.
Per release "We have a lot of work to do in developing the Company's websites, product production, marketing, and launching some fantastic products. I am excited for what lays ahead for the Company and to be working with some great brand ambassadors.".
All that 'work' is for the OTHER co. While KG still needs marketing, social media and promotion work.
Clearly the 'market' didnt get excited. Even on a day when you could throw a dart and get upside.
So i guess you can congratulate RC, but doesnt do anything for current KG holders.
So as i understand you suggest only positive commentary is valid?
To be clear, i am not short, or a 'basher'. I fully disclose my interest, which to repeat, is to keep an eye until the co transitions to a new co, share structure, rs or whatever to arrive at state where the co values retail investors.
I did hold mils of shares during the epic run. Did well.
Right now that is not the case. I do not seek 'pump' news or releases every other week. But when they DO release that it address obvious imvestors interests.
The dilution, and lowering default threshold are clearly NOT positive. You may remember the early days when RC did address shareholders directly. i have scores of emails from him on a wide range of shareholder issues. Now just random and inconsistent. Not even an accompanying Mgt letter when Q's come out.
The current margins per can are tiny after accounting for distributor costs, salaries, operations etc. My point is i have yet to see the presentation that drops numbers into a forward looking view leading to profits of scale.
Normally a co DOES some kind of outline that paints such a picture. In fact in the first year they did that.
But Just releasing ad hoc opening in a new state, w/o context, $ , review of other developments is not helpful.
Absent this, it is guesswork and blind. As i see it, even at 8 mm revs the co will
still need to dilute to stay afloat.
And that suggests hard to sustain higher share prices.
sad to say there is NO factual case presented by co for sustainable share price appreciation.
They have their own plans for shares for themselves. There may be a time when they RS, sell, merge and at that time they certainly will promote shares as it is in their interest.
All those who now hope for a secret release of lasting news directed at shareholders are just 'hoping'. That is not investment or even speculation.
The 'early days' of sustainsd share price back at .14, or even .03 will not, cannot, return with 10 bil authorized hanging over any advance.
Fortune CAN favor the bold, but this case is more a fool and his money are often parted.
Of course all who 'believe' have their right to do so. But there has not been a single case using numbers, visibility, marketing, independent review, independant fin interest to support the co.
i dont doubt a pump to .015 or so...but only to drag more $ our of investors.
Disclosure , i have a tiny position and follow only for the NEXT step after transformation.
20% doesnt keep up with dilution.
I thought they said 8mm, if less even worse when factoring in share growth.
all controlled by RC in other series shares
$1.6?
They forecast eoy at $8mm.
Unless they do much better...$2.5-3mm they will likely not make forecast.
This qtr should reflect a significant % of the Walmart roll out.
At rate of dilution they need to exceed eoy to grow revs to share %.
Yes could be 'record' but still track below eoy and dilution.
no... the same posting intiatives and not following up has gone on for years.
rebrand was to be completed in Jan... and allow for social media campaign.
Repeated rebrand plans, yr aftee yr... and still crickets
exactly... the math, with the share debt, the need to continue funding production operations... makes it very hard to forecast a meaningful positive share case.
Especially as there is minimal 'brand' premium development...
but who really cares. Any PR is an opportunity to promote.
Could use more detail and more.
What is anticipated $? Update Walmarts?
Update if on pace EOY$?
And why this one?
Like marketing, social media IR is random.
no budget for marketing?!
a college intern to manage a consistent social media campaign targeted to new distro areas?
monster , red bull, liquid death... all were marketing hand in hand from get go...essential
i dont see them trying to sell to another major. That assumes the BRAND is established. Not just selling in walmarts.
The co is not doing anything to promote itself and generate value.
All the deals and debt are at sub penny. If the shares were .03 then much less of the co would be dealt away.
They could easily and cheaply promote the co... awareness equals value to possible customers as well aa shareholders.
Dilution at these levels has been the worst for holders and co
unless the 'aquirers' , debtors, are part of the plan.
Sure there is a way to retain product line up.
no, actually i see a different scenario.
i see them bleeding all the current value out of this vehicle, rolling this into another entity that they control.
They are not promoting this, or doing anything to enhance share value, the cheaper it is the better for them.
this co is a rounding error for most scale venture deals, but on a small scale, a read of the layers of indecipherable debt, share deals, and insider awards show retail is not the focus.