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Our Gold Leaf Distribution team continues to kill it month-after-month! That's what you call growth!! $kgkg pic.twitter.com/EKOzn3LARR
— Robert Clark (@RobertClarkCEO) May 26, 2021
Dilution could be ended, or near the end. Today was a good sign. No trades that resembled such on the trade log. And no CFGN on the ask, when I checked periodically today.
If it’s over, then it’s time for the share price to start bumping again
Right on man. Appreciate your efforts for Kona. I’m sure a lot of people do
I like what I’m seeing. This is the first time in over a year that I’ve recommended to someone I know personally that it’s a good time to buy. We dodged any big sell offs on that quarterly. With the loss being the only thing it seems anybody is complaining about; which can be summarized/justified as a previous poster just laid out. The interest from warrants was the bulk of it. Which should be the warrants from financing recently. Lemin purchase is now on the sheets in all of its forms. More of the convertible shares than I expected are already converted. Very good thing. And there’s a gamble that investing now will give you 2nd half of 2021 to see share price grow without dilution, or at least minimal once the remaining part from third 2020 allotment is completed.
I personally didn’t care too much about revenue for this quarterly since we were teased the amounts for 2/3 the quarter. But the rest of what I’ve been able to go over has been more positive than negative.
My take. Good luck
Well this part is a fact, straight from the quarterly, and it’s the entire basis of the rest of the info:
As of March 31st, they had $300k principal balancing remaining from the third debenture of 2020. And then $1.5M from the two 2021 debentures.
Aka: the first and second 2020 debentures are paid in full. With $200k of the third 2020 debenture paid ($300k remaining).
I hate dilution as much as the next person. But you have to always be able to adapt. And this information regarding how much of the 2020 S1 financing is already paid in full is very good to see. I highly doubted anybody here thought 70% was already paid in full prior to the 1 year anniversary of the SPA even being first announced
This is a copy/paste I sent somebody privately. But it has some info I pieced together that should be accurate for the most part. It’s regarding the dilution aspect.
As of March 31st, they had $300k principal balancing remaining from the third debenture of 2020. And then $1.5M from the two 2021 debentures.
There was about 9M out of the 60M added shares (since December 1, 2020) that I couldn't find. But I was doing a quick search adding these. Easily could have missed
However, I'm assuming (hoping) those 9M would have been used to pay part of the $300k. They could have realistically covered $150k-$200k of that. Along with what was diluted last week, the entire 2020 SPA could be paid off! Which would be huge. Especially if they don't finance anymore, and the 2021 repayments wait until January 2022
That's a massive IF tho
And the warrants come into play also, but that’s more of a variable due to pricing requirements.
Surprised no PR this morning. Easy headline available with that 128% increase in revenue for 2021 Q1 compared to 2020 Q1
Granted, Lemin wasn’t around in 2020 (and that’s the reason for the increase). But still, an easy PR to put out and make things look good on that front
Looks like as of March 31st, we had $300k principal balancing remaining from the third debenture of 2020. And then $1.5M from the two 2021 debentures.
Hopefully the OS increase we saw in April/May along with the past week’s dilutive activity, that will take care of most (if not all) of the remaining $300k from the 2020 SPA.
Robert Clark extended his maturity date on his $1.5M line of credit back a full year to April of 2022. Expected, but very nice to see.
There’s more that’s worth mentioning, but I’ll just point these 2 things out this morning. Overall, this is doable. Need to see the progression PRs pile in now.
Robert’s gotten burnt trading deals too soon. The big regional chain store he teased 18 months ago never happened. The international deal he teased just recently got held up.
The international stuff confuses me. Why join with this company in the middle of Covid (2nd half of 2020), just to have the only potential international deal halted? They’ve done nothing for Kona since that PR. Zero deals. Covid can’t be the excuse if we made the business partnership in the middle of Covid. It was a known issue at that point. Would have been better off waiting until post-Covid if they can’t get anything going while Covid is going on. I’m assuming Kona Gold is responsible for paying up their end of the deal. With zero results to show for it.
Lot of head scratchers, and this is just one example.
They could have just sold the shares direct to the market and it would have been better than the financing deal they took out with YAII PN
The share structure issue isn’t a growing pain though. That’s a forever issue unless they do a reverse split or start making A LOT of revenue for buybacks (would probably be multiple years away even if this happened)
Biden/Harris don’t help much in that regard either. Perhaps the most anti-marijuana options we had out of the Democratic Party. So they won’t be in any rush to help out the sector. Need Congress to come together and just pass something. But they’ll probably get hung up over the social justice aspect of the bill(s)
Hopefully so. I’ve got quite a few concerns. But yet here I am. Based on the different boards, the interest for KGKG stock seems to be nearly at all time lows. Although Lemin is bringing in revenues, the cost to acquire it (the 100M+ shares from the S1) are absolutely destroying the share price.
We may need $1M/month from Lemin before it makes an impact for shareholders. Sounds like a lot, but it just doesn’t attract the excitement the hemp or CBD products do. And at the moment, it’s Lemin and Gold Leaf doing almost all of the work.
I’m prepared for this to go to $0.01 for what it’s worth. Not making the prediction, but I’m fully prepared for the tank to get really bad.
Pretty hefty sized dilution block posted after hours. Need to see those hurry up and clear out. The bigger the better for now
How many shares are you using for the OS? It’ll be 1B to 1.1B when YAII PN is done selling. And add another 600M if Robert Clark decides to cash in and call it quits (worst case scenario).
I don’t think RC moves on, but it’s worth noting that they mentioned in the 10K that Robert Clark can start converting shares 60 days after the 10k. Which would be mid June.
No way to know. But money is money, and their average cost they paid per share is much much lower than this. So they’re doing just fine.
To me, it only makes sense for them to bring back their investment before getting cute and trying to hold shares for a higher price.
But at the same time, anytime TFT would claim dilution, he’d get responses telling him there isn’t dilution. So I can see his frustration from that aspect.
Yes, it’s no secret though.
The tough part for me now is that now that we have last May’s shares unlocked, it makes it harder to play the warrant game. Since YAII could be perfectly content to take the price down to a certain number (anybody can do the math and see the average cost per share of their overall financing).
At least everything else is green in the market today.
You aren’t the only one. But it is a small club that is willing to acknowledge these issues on the board.
On the positive side, there’s only a certain number of shares that are unlocked with this first allotment. But they won’t be moved quickly unless they drop it all the way to the average price and unload down there.
Congrats on filling. YAII has plenty of shares to sell
Between 4/14 and 5/7 (the reference dates for those share updates), there was roughly 45M shares traded. So if the 15M added to the OS were sold, they’d account for approximately 1/3 of the volume during that span. That’s a big IF though.
I think tomorrow marks the 1 year anniversary of the SPA also. Fwiw. I know some will be more alert with this than others.
Per the 10k, as of 4/12/21, YAII PN still has 172M common shares owed to them. Plus the 70M in warrants. Subtract the 15M added to the OS since then (assuming it’s their shares), that still puts YAII PN with 157M owed to them. Of which, 105M were from the February 2021 debt. So hopefully won’t see hit the market for a while
O/S is now 840,163,265
Up from 825,726,839 that was reported on 4/14/21 via the OTCQB certification
Up from 778,052,603 reported on otc markets on 12/11/20
Would be nice. Two big roadblocks stick out to me on this one though.
A) It’s introduced by 2 republicans. I’ve got a hard time believing that a Democrat controlled Congress will be okay with allowing the republicans to be the ones with their names tied to the bill that finally legalizes marijuana federally. But this should at least get the Dems to act quicker to put out their proposals. Whether it be the MORE Act or anything else.
B) “It does not contain social justice provisions”. Another partisan issue. Pretty sure the left will ensure that social justice measures get placed into the bill.
I could easily be wrong. But those two things seemed worth noting.
If this were a big board stock, then it’d be common place. But 99 times out of 100, block trades registered EOD in OTC land correlate with dilutive/convertible shares
I highly doubt it. Think back to what we saw over the winter when shares were added. This is the exact same behavior. Extremely common in OTC to see trade logs like this when it’s involving convertible shares
There’s definitely either (a) new shares being added right now or (b) diluted shares that were previously added to the O/S now being sold.
Those 2 block trades posted at the end of the day yesterday and today are not normal trading. In all likelihood, they’re part of the YA II PN shares
I don’t think KGKG’s action had anything whatsoever to do with the broader markets today. We had plenty of volume and held. If it was due to broader markets, we would be down to $0.0250 or lower on 6M+ volume (aka, some sort of sell off).
This is more due to the large number of shares that exist. And not just from retail. No way CFGN is retail.
I do that. Not worried about myself finding news though; speaking from a view of potential new investors who won’t see what they would if it were released on main brokerage pages/apps
Nevermind. It’s not in 15 states. Scratch HyVee
HyVee also a possibility.
Iowa, Illinois, Kansas, Minnesota & Wisconsin (2 states where I believe Lemin has a strong presence), Missouri, Nebraska, and South Dakota.
265+ stores per Google.
Another PR that doesn’t hit the main TD Ameritrade app. Once again, it hits the Think or Swim app, but not the main app for the brokerage. Unsure why this happens for Kona all the time. News articles show up for all my other tickers but 1. Kona and the other seem to have issues getting TDA to put it on the main app. Would do numbers for exposure if they (TD + KGKG) could figure it out
Malaysia just announced a nationwide lockdown yesterday.
Turkey announced a nationwide lockdown on 4/26
India has been having lockdowns recently also, but not sure if theirs is nationwide or just in the more populous states. In April, their national government advised their states to do lockdowns if they hit a positivity rate of 10%
Very solid. Lemin is doing well. They closed that deal with Kona just owning Lemin for about 4 months.
Looks like Lemin is doing great
And I apologize also. I didn’t mean for it to come off rude towards you. Just mentioning that the gaming sector has been something they’ve had plenty of time to poach.
And these concerns I speak of have nothing to do with share price. Never have. They come from a business aspect. Expanding the company at a pace that exceeds the average pace of competition. Which, we haven’t seen yet.
We started taking the steps backyards since 2019 Q2. It happened pre-Covid, with Q4 2019 being one that really stuck out to me.
I always give posters benefit of the doubt when discussing actual company past, present, or future topics. It’s 100% possible to discuss these things and not be speaking on such in a manner of share price. What I’ve mentioned has absolutely NOTHING to do with share price. And I want to make that clear.
Share price (IMO) has been a result of these things. Not the opposite.
Thanks. I doubt I send this to management though. Somebody else can if they want. At least one person had mentioned it to them publicly on twitter.
There’s multiple ways to skin a cat. The main thing is that they think outside the box and move forward.
It’s May 10th. This breakout year that Robert Clark stated would happen isn’t showing it yet. Small growth is fine, but nothing close yet to what was promised.
Fax, the gaming ad/promo idea has been mentioned on this board possibly hundreds of times since 2016. They finally got one (kind of) gamer on Instagram touting the drinks. But it was a thing that everyone thought would make common sense. The company just never went that direction until recently. They seem to prefer on site small crowds. Like bass fishing, water skiing, and archery/gun shooting tournaments. I don’t agree with that focus because the crowds and exposure is way too small IMO, but that’s the decision that Kona has made up to this point.
Pointed this out a few times on the board. Just from living life, I’ve easily noticed beverage companies thriving during Covid. Most being new. Economic downturns favor the young companies with the intuition to adapt. Always been like that. Great Depression sprung some goldmines for companies that had leaders who could roadmap accordingly and overcome while others struggled. Big reason why I stayed with Kona during Covid. Putting faith in RC to figure it out. Blind faith, but faith nonetheless.
Covid is not an excuse. If it is, then there are bigger issues that aren’t being publicly acknowledged. Sure, it provides bumps in the road, but that’s a common factor for every company out there.
Gotta separate yourself from the field. Covid presented the perfect opportunity to do so.
Heck, somebody commented on Kona’s tweet the other day that Kona should accept Bitcoin, dogecoin, and maybe some other cryptos as payment. The solution for staying afloat could be as easy as that. Crypto is breeding a cult. And Robert Clark / Kona have dabbled with it before. And continue to tweet about crypto and Elon.
Well, quit tweeting about it and do something.
Accept dogecoin and BTC as payment. Market the heck out of your acceptance of dogecoin. Watch the orders pour in. Then use that profit to expand quickly and outpace the competition.
From first hand experience, everyone I know that has tried Highdrate has liked it. Different flavors to different extents. With watermelon being the least liked.
The $4-$5 price tag is the hard part. And I’m not sure how that can be lowered due to the CBD aspect.
At the same time tho, people get to-go coffees and teas for $4-$6 a pop, and they don’t complain at all. So idk. Price might not be an issue at all once CBD drinks take off.
I’m all for the Highdrate, and I’ll keep my fridge stocked at all times. Probably drink 3 per week, myself. Georgia Peach being my preference. I think they really did well with their beverages. Just need to get them moving.
Happy National Space Day!
— Kona Gold Beverage | $KGKG (@KGBeverage) May 7, 2021
Hey, @elonmusk, we've got an idea for the next shuttle...
Give us a call.
TO THE MOON!#Hemp #EnergyDrinks pic.twitter.com/iNCORLDne9
It’s interesting you say that; there’s been a lot of posts on the boards when KGKG is down and the pot sector is down, with people saying the entire sector is down (to excuse KGKG movement).
But when they don’t align, seems like the sentiment is different. I’ve always been adamant that it doesn’t move with the others consistently, and I’m confident in that statement.
And squeezer, I have what I believe to be a pretty strong hypothesis about CFGN right now. I’d rather not share it, but your post is part of it.
I believe BZWR stated the goal is that a lot of these clients stay on as customers of the business warrior service.
In the bigger picture, I guess the overall market continues its march to infinity since literally nobody in congress/fed wants the market to act naturally?
This news is big for our May revenues and aggressive growth plans! $BZWR #BusinessWarrior https://t.co/7P7Em0jfBx
— Business Warrior (@BizWarriorLIFE) May 7, 2021