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.
Several reasons. The greatest cause in the current situation is CFGN. They are showing an ask size of 10,000 shares, but that is only showing the lowest bud from that MM. Many Market Makers will hide the real number of shares they are looking to offload, but placing numerous offers at the same price of the same amount of shares. Because L2 will only show the Highest bid and lowest ask of each MM, this will essentially hide the real amount of shares being offered.
“The rebrand has aided in closing deals with major chains and established partnerships with new distributors around the country, which will be announced soon. “
Looks like this waste of money is already reaping major rewards... Thanks for the laugh!
Any time. Doing some address searches, and company research, it also sounds like S&S has some in house and expandable manufacturing. That is something RC has stated in the past he was looking for, and I think we can expect additional product lines/products going forward from this acquisition.
Once Global Imports also picked up Lemin, it seemed like the writing was there. I am very happy with this acquisition.
When I pulled that thread about a month ago, it looked like a quick rebrand of the company. Harder to track down who owned Lemin, but the filings are all there.
I agree, that thought thought never entered my mind. I do like to keep as current as I can with other beverage companies and who distributes what. Interesting is all.
I think that is very inaccurate to say he was signing at least a distributor per week. Chad had the Midwest region, Chris had the East/South. We can all look where the bulk were from. Several of the distributors from the Midwest were already in talks or distributing prior to Chad coming on board, as they were mom and pop operations stemming from the FB group. I am not saying he did a bad job, as he clearly added a couple of larger distros early on, but I haven’t seen much coming out of the Midwest since then.
I am curious if this is means Bang is going to be able to break their Pepsi distribution deal after all.
Great job piecing that together.
Looking at LinkdIn, it appears Chad Webb has decided to leave KG for Bang. It never seemed like his efforts amounted to much, but interesting still.
L2 showing a ton of strength on the bid and little resistance on the ask. Looking good for a little bump in PPS.
The 2 PRs/deals has definitely baffled me. So far at least both deals seem to be of little benefit.
The dilution we are seeing is by far my biggest concern right now. That company (YAII PN or really Yorkville Advisors) has a track record of overly large returns, which is why they were targeted a few years back by the SEC before all charges being dropped. My hope has been that they see the plan that RC has and wanted in, that theory is now in question, unless they are trying to drive the price lower temporarily.
Either way, I am holding out to see what RC has up his sleeves. If it is National Distribution for one of the product lines we are looking good..... if it turns out to be for multiple product lines, then we are in for a wild run.
If any major new deals were signed prior to the S-1 being finalized, it would have to have been reported on, further delaying the S-1 going into effect.
Also, RC has stated on several occasions that the S-1 being completed is required for some of these major agreements to occur.
IMO, now that the S-1 has been deemed effective, KGB and whoever they have been in discussions with can finally put ink to paper and formalize the agreements. I don’t expect this to happen the same day, but I do expect several announcements to happen over the next several weeks up to a month or two.
I also fully expect there to be an acquisition announced once that can be finalized. (My guess is Lemin brand Lemonade, but that’s just an educated guess).
I will be concerned if we don’t hear anything by the 18th.
Sounds like today might be the last chance to load pre news. Place your bets.
Great to hear! I added some as well, but no where near the size slaps I am seeing show up.
Is some of today’s buying pressure you hitting the ask again? Curious if we have new players starting to jump back in.
Very impressive action this morning
Thanks Luho! Great outside the box way of looking for the info.
Glad to see a bit of support back for KG today.
Great work! I was forced to settle for attempted S-1 registries and larger companies going from private to public. Not to steal your hard work and DD, but if you would share that company I would greatly appreciate having the chance to focus my digging.
The length of time KGKG has wrapped up into getting the past financials audited the S-1 filed with amendments has been immense. Lawyers and CPAs are expensive and I would love to know just how much they have invested to get this far.
Unfortunately for us, successful S-1 roadmaps from the OTC are difficult to come by. Comparing recent IPOs, I was expecting the S-1 to go into effect within a day or two of becoming registered. That obviously did not happen and will be delayed until further review of the latest amendment.
I have been trying to figure out why they would need the additional 100k, and your guess is as good as any I could come up with and probably better.
It seems glaringly obvious that they have a lot going on behind the scenes, hopefully they fill us in before too much longer.
Maybe that is why they filed their S-1 in February and still have no amendments, a registered offering and not in effect?
RC has previously eluded to large deals being dependent on S-1 being completed. If that is in fact true, I don’t see there being much to report on anyway until it is complete.
I just don’t see a company spending this much time, money and energy into becoming SEC reporting unless they had massive upside benefits that were to come from it.
Definitely frustrating, but I have used the past few months to rebuild my position and am ok to sit back and wait for the plan to be shared.
This is purely speculation on my part, but the S-1 is just one piece of a large puzzle. If you go back a couple of years RC made a CFO hire to complete the audits in order to move from OTC Pink to OTC QB. She was not the right person for the job and he had to make the decision to let that person go and find someone new. This took much longer than anticipated as well.
Getting the financial books in a place that they could even file the S-1 has taken a tremendous amount of time, money and effort. RC has been talking about deals in the works for quite some time now, but it was always dependent on getting the S-1 registered.
It looks like the time is near to finally hear what the company has been moving towards for over a year now. If RC was still confident of hitting the 6-8M numbers in early June, he was anticipating at least 1M in revenue per month from whatever deal he had lined up. If the deal really is of that size, then this will turn into quite the play.
I agree with your overall sentiment Frank, but just to clarify, KG does not produce their own beverages. The company that manufactures the Kona Gold line has been around for a long time and has ample production capabilities.
The company that produces Highdrate and Storm are much more in the start up stage in their own right but appear to be growing themselves to keep up with increased demand.
RC did state in the past that he would like an in house production for rapid product development, but I did not take that to mean he would bring all of their production in house. This was also one of the reasons they were interested in acquiring Likuid
As someone who distributes the drinks, I can tell you that they are selling in low income area convenience stores, high end smoke/vape shops, gas station convenience stores, pizzeria stores, sandwich shops and many places in between. Demand has definitely slowed down the past few months, but talking with the big Coca Cola distributors, their demand has fallen way off as well.
Product may not be selling as quickly as it was pre Covid, but people are absolutely still buying/consuming.
S1/A is posted
This stemming from the international contract was my thought/hope as well. I have added the past 2 days but only an additional 250k shares.
Optimistic that we are nearing the bottom, but I have been fooled here before.
Anyone know when KG started selling into the Canadian market?
https://canada.desertcart.com/brands/kona-gold
Bids being reloaded and increased fairly often today. I hate calling tops or bottoms, but the recent strength has been very encouraging
Purely a speculative guess here, but I have a gut feeling the are considering the Lemin brand for an acquisition. Gold Leaf has been distributing the brand for a while now, and the Lemin brand was also picked up by Global Imports the same time as they picked up KG. Global Imports now has Kona Gold, HighDrate, Storm and Lemin as the only beverage lines it exports.
Mind if I ask where and what store?
“pleased to announce it recorded its highest gross revenue for 2020 in the month of June.”
For 2020.... not ever, for 2020.
My point is that it doesn’t matter if the S-1 has been filed or not. Apparently you didn’t read the link I provided that linked to the SEC. Here is an excerpt and KG is currently an alternative reporting company, so most applicable is the 3rd bullet.
On June 29, 2005, the Commission voted to adopt modifications to the registration, communications, and offering processes under the Securities Act of 1933. Among many other provisions, the rules update and liberalize permitted offering activity and communications to allow more information to reach investors by revising the "gun-jumping" provisions under the Securities Act. The cumulative effects of these rules are as follows:
Well-known seasoned issuers are permitted to engage at any time in oral and written communications, including use at any time of a new type of written communication called a "free writing prospectus," subject to enumerated conditions (including, in some cases, filing with the Commission).
All reporting issuers are, at any time, permitted to continue to publish regularly released factual business information and forward-looking information.
Non-reporting issuers are, at any time, permitted to continue to publish factual business information that is regularly released and intended for use by persons other than in their capacity as investors or potential investors.
Communications by issuers more than 30 days before filing a registration statement will be permitted so long as they do not reference a securities offering that is the subject of a registration statement.
All issuers and other offering participants will be permitted to use a free writing prospectus after the filing of the registration statement, subject to enumerated conditions (including, in some cases, filing with the Commission).
Offering participants, other than the issuer, will be liable for a free writing prospectus only if they use, refer to, or participate in the planning and use of the free writing prospectus by another offering participant who uses it. Issuers will have liability for any issuer information contained in any other offering participant's free writing prospectus as well as any free writing prospectus they prepare, use, or refer to.
The exclusions from the definition of prospectus are expanded to allow a broader category of routine communications regarding issuers, offerings, and procedural matters, such as communications about the schedule for an offering or about account-opening procedures.
The exemptions for research reports are expanded.
That is false per the SEC rules. These rules have been posted on this forum previously as well. Also, if the quiet period restrictions permitted that, then why did RC release the PR 5 weeks ago, long after stating the initial S-1 application was submitted?
Here is the link to the SEC rules:
https://www.sec.gov/fast-answers/answersquiethtm.html
We expect cost occasional price increases. Over 22% on a product 1 year old is absurd.
Yes, I am a distributor. Not sure his reasoning, but we are questioning whether or not it is a viable product to keep.
I am getting more and more convinced that new Distro or large chain news has been leaked. This run up in share price on such heavy volume is becoming more than a simple over sold rebound. Come on RC, drop the news already!
Alkame bottles Highdrate and Storm for Kona Gold. They do not can the Kona Gold Hemp Energy drinks.
Sutherland CBD also reported receiving a $10k order last week... so at least a 20+ thousand week for KG from two mom and pop distros.
Not big or earth shattering, but we received another $10.5k order from Kona last week. Replenished all existing products and added a pallet of Storm water.
Other members from that group buy directly from the distributors. One member in particular buys regularly and has me ship it half way across the country for him. Another member makes an hour drive to meet me and takes 5-10 cases regularly. Several others live nearby and meet locally to buy by the case.
The post was plain absurd.
Still pending. KGKG is still listed as Pink on OTC, but they did file the QB form.