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They disappeared completely for about a week, per L2 on TD Ameritrade
Very nice
I agree. So far it seems to be mainly retail selling at the number (5). My assumption is that it became the range we settled in due to the retail investors who wanted to move out near that number (not the note holder).
For example, when the S1 was released, I made a post about how it should be easy money to buy at the current levels (I believe it was around 3 cents) and sell at 5 cents. For no other reason than the warrant number. I’ve actually traded big board stocks just like this in the past. A technique somebody else pointed out to me. Wouldn’t be surprised if that’s part of the retail selling around $0.05. Sticking to their plan. And the way it’s holding, should be a very good sign for long term investors. Just another launching pad, like we got from the trading in the $0.03 range.
But for full disclosure, I did notice CFGN come back on L2 at $0.10 ask-side on Friday. So, just something to monitor for now. Wasn’t an issue Friday.
This is separate, but another fun thing to consider:
We are now seeing a trading zone around $0.05, which is the price to exercise the warrants.
We saw similar trading activity around 3 cents, which was the price to execute the third tranche of the S1 shares/money.
So we’ve seen 2 different trading zones right at key numbers from the S1.
Wouldn’t be surprising whatsoever to see another nice pop in share price once the 5 cent sellers are complete.
We were discussing the bid/ask when all of that happened right after the bell. Because normal t-trades do not impact the bid/ask movement after hours. But yesterday, it did. Which makes me believe it actually wasn’t a t-trade, but simply delayed transactions that occurred right at the buzzer.
If that makes sense.
The odd thing about today’s after-hour trades is that the bid/ask moved also after hours.
Note how the last transaction prior to 4pm eastern time was a purchase at $0.0491
Then we had those after hours transactions, and the bid jumped up to $0.05 (above the last transaction of the trading day) and the ask moved up to $0.0510
Monday morning will paint a better picture, but usually the bid/ask doesn’t move with true t-trades. Makes me think there was actually a brokerage filling last second orders, and they got the times reported post-hours.
Does anybody know why certain PRs hit most news wires, but others don’t?
Glad to have you around
Must be a lot coming together
Both. Tues/Thurs
Has there been any word on the C-store deal that Clark teased about earlier this week on twitter?
Another nice day for BZWR. They’re making it too easy to be a profitable share holder!!
Ur welcome! I was actually looking over the chart for any gaps this morning, then caught up on the message board and noticed I wasn’t the only one.
The entire marijuana sector is catching eyes right now. Insane volume everywhere.
We dipped intraday at the same time as HEXO, TLRY, ACB, and APHA from what I saw. Could just be a set up for another push forward across the sector. But could also be a momentum blow. Either way, I’m sticking to my long term plan for KGKG, and doing day trades elsewhere in the sector.
There are not any gaps.
2/8/21 high of day = $0.0325
2/9/21 low of day = $0.0326
That’s not a gap. Zero ticks exist between the HOD and LOD of those consecutive days. And with today’s action, there’s obviously no gap between yesterday and today.
Very nice breakout
Very impressive get for Kona. I underestimated Lemin’s potential for the company and us shareholders. Didn’t expect to get something this nice so quickly.
Great post
Lol. Love it!
Curious to see the actual shares and money paid to acquire Lemin. I’d assume we had to give up quite a bit on the share count, considering Kona’s cash position isn’t much (as Kona themselves also admitted in the prospectus).
It’s fairly clear that retail isn’t too thrilled about the Lemin acquisition coupled with zero PRs about original Kona products yet in 2021 (and hardly any in 2020 as well). This could also be another reason why we aren’t moving (haven’t been for quite some time) while all other otc pot stocks have seen great activity lately. Are we phasing out the hemp/CBD products? The recent focus is clearly on Lemin. Were those 2 deals (Carolinas and international distributor) the only 2 deals Kona was able to deliver over the last year? Doesn’t paint a pretty picture. I honestly thought we’d see actual KONA news by now. Lemin is nice, but showing progress with Kona products would go a long way.
At this point, we have to expect pretty low Q4 numbers as well, when they are released. If there has been a boost in Kona revenue, the company hasn’t done anything to relay that positivity to investors. So I’m not getting any hopes up there.
Your example of Bai and Dr Pepper Snapple was one of the main reasons I invested in Kona. Kona has the product line with their Kona energy drinks, and now also HIGHdrate, to garner the same type of attention down the road.
That’s the hopes. Cant blame people who leave based on the unfolding so far tho. Need to see an actual PR that shows positivity for Kona and HIGHdrate. Haven’t heard much on that end in quite a while.
Personally, I was hoping today’s announcement was both Lemin and Kona. But that wasn’t the case.
Lot of retail seems turned off by the company appearing to shift towards lemonade over kona at the moment.
I think it’ll be fine yet, but I definitely understand the desire to exit by some. Because nobody invested here prior to January in hopes of slinging lemonade. So could have a decent chunk of retail selling for a bit. Glad to see share prices holding somewhat decent this week tho.
Thanks for the responses and updates on the stickies for the board y’all
Any chance you can take down your sticky and we can update it with something more recent? A lot of us are trying to get the board stickies to be adjusted to something since last summer
Any chance you can update the stickies. Somebody with the ability needs to make everything more relevant
That tweet had me laughing. It was very well played!
Looking very nice
Looks like EDGAR uploaded the back and forth correspondence with the SEC and KGKG the took place last year.
Figured I’d say something. In case anybody wants to check it out. Haven’t seen it mentioned here, but could have missed it
Would like to see tomorrow clear $0.03 early and stay above all day
I think it was regarding the iHub page. Which definitely needs to be cleaned up.
I’d like to see them change the stickies on the board also. There’s 3 up top on mobile, that have been stuck for a while.
My biggest recommendation would be to sticky a post with the links to all pertinent websites now for Kona:
* Energy drink page
* Highdrate page
* Storm page
* Gold leaf page
* Lemin page
* Investors page
* EDGAR page (to make it easy for new investors to verify they are now reporting on that level)
And any others I am forgetting.
This.
Personally, my biggest disappointment from the current dilution is seeing the willingness of the note holder to take it from $0.0399 (when they first appeared) down to $0.0250 (current level) in the same calendar month. It doesn’t bode well for near term if they keep taking it down, because they can go all the way to $0.01 and still be returning profit on the shares.
Really want to see some sort of cap on this action temporarily. I quit logging the exact numbers on the block trades. But they’re averaging around 2M per day. So I’d assume they’ve moved about 1/3 to 1/2 of their position so far. Which should be enough to get them even or ahead on their overall investment based on the price range this month.
We know how much in total.
Straight from the S1:
This prospectus (this “Prospectus”) relates to the resale or other disposition by the selling stockholder (the “Selling Stockholder”) identified in this Prospectus and its transferees of up to 125,947,397 shares of common stock, par value $0.00001 per share (our “Common Stock”), consisting of (i) up to 105,947,397 shares of our Common Stock (the “Conversion Shares”) issuable upon conversions of secured convertible debentures (the “Debentures”) and up to 20,000,000 of shares of our Common Stock (the “Warrant Shares”) issuable upon exercises of a Warrant to Purchase Common Stock (the “Warrant”; and, together with the Debentures, the Conversion Shares, and the Warrant Shares, the “Securities”)
That’s from CFGN. It’s a very common thing to see when there’s new shares coming to market via dilution; which in our case, is from the financing via the S1
For sure. I’m very much aware. Pretty sure I was the first person to mention that here, and I instantly got multiple people responding upset for me mentioning the fact that they could be selling quite a bit to lock in profit.
Probably correct. CFGN will keep lowering the ask if retail jumps below them. They appear to not have any desire to lock up their shares for a long term investment, which was a concern going in.
Would really like to see RC convince them to ease up and commit to a 12-month+ lock up of their shares. Show some faith in the company now that they should have taken back most (if not all) of their initial capital investment.
Definitely not a fan of CFGN refusing to let this breathe.
This. Glad Teslonian beat me to it, because I was going to type out the same response
Seems way too similar of names!
I like that post. It definitely helps with the perspective when knowing first hand how the product is moving, and what the mentality/outlook is from those who are distributing it.
Dang. That didn’t take much to drop it. Hopefully bids pick up. That 1M+ bid didn’t hold up at all