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I don’t think RC has the passion any longer. Simply aren’t getting updates like we used to. And the once monthly update we do get seems to be follow up on something previous that got delayed, or a summary of previous month’s sales.
There were the couple that stated we hired new people to expand regional sales; but these are regions that we should have had covered 2-3 years ago when RC pushed going national.
Took a huge step back over the last few years.. And I don’t think it was cause of Covid. Appears to be more likely due to executive decisions within the company.
Lot of sellers lately, as we approach the quarterly report
Was the self-proclaimed breakout year by Clark supposed to be 2021 or 2022?
If only… Clark ruined one of the best set ups I’ve seen. He had distributors and shareholders doing the majority of the work for him. Everybody was on the same page.
RC decided to kick those distributors to the curb. The rest is history.
What a mess.
It’s giving me negative deja vu. When Kona ran out of supply with Kona energy drink a few years ago it cost the company the opportunity to grab market share. Was a massive issue for Kona’s progress.
Be wild if this closes red
Where’s the volume?
‘Very soon’ has a very loose meaning with RC historically
But after a half-year delay, I’d hope he delivers within a week on this one.
The WalMart thing seems pretty scammy now looking back at how it all went down. Should have known once Robert Clark claimed the delay was due to something with WalMart not having their displays ready.
Too bad it’s hard to confidently say “buy the dip”. Wouldn’t be surprised if insiders are still unloading
Where we at on this, RC?
Clark continued, “We anticipated to be rolling out our Ooh La Lemin in June to a national retailer, but that roll out has been delayed until their store sets are completed, which is anticipated to be around the early October time frame.”
Got a feeling we aren’t gonna hear any updates about Walmart this month. Wasn’t it supposed to be October?
Used to be confident about the direction of Kona. Now clueless.
It almost seems more than likely the Walmart thing will never fully take off. Just a few stores and then RC let it fizzle out; just like Anheuser and all those smaller distributors
Check out LBEVs little updates. Appears like a new website. And new mission statement on otc markets
Is Walmart update this month?
Lol. Likewise.
How has the company not released a PR about the extremely important recent filing? Some sort of clarity or explanation of company intention and direction would make a lot of sense right now, or yesterday
The social media campaign is soooooo bad with Kona. They could pay any random 18 year old minimum wage and get a much better result
Hell, they called their own product “Kona Hold”
Inexcusable
Robert Clark knows he just destroyed the remaining value to his shareholders. If he was optimistic, he’d have made sure everyone knew.
Best hope now is a pre-split pump to allow remaining insiders to exit with a bit of value
23 employees is convincing to me. They’ve done a solid job of growing their work force. But I’m still highly torn on the investing aspect for KGKG. They just don’t seem to do investors any favors with their financing terms. Dilution from debt is to be expected, but not at the rate they’ve been doing.
Odd that the L2 is working for other tickers besides KGKG on TD Ameritrade
That last question is one that needs to come reality. Hopefully there’s a plan there to get the products in and moving
RC with his first tweet about the company in 3 months
Interesting section from the quarterly:
During the three months ended June 30, 2022, we reported net revenues of approximately $1,173,398, which is an increase of approximately $382,589, or approximately 48%, compared to net revenues of approximately $790,809 for the three months ended June 30, 2021. An increase of approximately $598,881 of our revenue is attributable to increased retail revenue, while our product sales decreased in net revenue by approximately $216,290. We attribute the significant increase in retail revenue to attaining a larger percentage of the territory in which the Company distributes, including the addition of a third distribution hub in late fiscal 2021 and the hiring of additional employees to service this territory. We attribute the decrease in product sales to certain delays in production of a new product line and existing product lines, as well as to a change-over in our customer mix from the prior period due to a non-repetitive, regional, one-off customer relationship in the prior period and a different regional customer imposing slotting fees in the current period (which fees we declined to pay). We anticipate that the rollout of our drink products with a national retailer will commence late in the third quarter. Additionally, the Company experienced delays in the rebranding of our hemp product line and the subsequent production. We expect that our product revenue will increase in the remaining fiscal year 2022 compared to fiscal year 2021, and we do not anticipate further delays. Additionally, the Company hired additional sales personnel to lead sales efforts as the Company expands into new territories and the Company anticipates signing more favorable agreements with larger, reputable tier 1 and mid-size distributors, big box stores, and grocery chains. In addition, we anticipate that our retail revenue will continue to increase as we broaden our customer base with increased distribution to additional grocery and convenience chains.
Nobody believes in Konas ability to deliver anymore. Zero mention of the WalMart deal is a concern also. Got a bad feeling they lied about why that got pushed back. Might be off the table completely.
Better use of RCs time is for meet and greets with Tim Tebow.
Probably used company money to pay for it
8k filed today.
Another 100M shares to hit the market?
Their social media campaign has been baaaaaaaad for the entirety of the company
This the load up?
Correct
That’s been mentioned on this board since 2016. Not sure Kona wants to market too hard though. Doesn’t seem like it
Decent for Gold Leaf. Disappointing for Kona’s products
Not at all. This is cause the company failed to live up to its promise (again). They continue to fail to meet deadlines. With Walmart being pushed back, is there even any confidence that’ll it happen at all? The CEO tweets from this spring during the stock promo are starting to look more like nothing than a pump.
Kona has to start executing on its promises. Especially when they give dates or self imposed deadlines. Simple as that.
WalMart deal being pushed back at least 4 months. Overall, nice to see numbers keep improving, but I’m sure a lot of people who invested solely due to Walmart wont like this PR
3 1/2 weeks without a word from the company? During the month that was supposed to be the beginning of the new Walmart stores. Really thought we’d be seeing a lot of positives coming along.
Figure KGKG will use this ticker somehow. They’ve got a few different revenue lines. Could be a while until something happens with it. But probably not a bad idea to sit on this one. Eventually something will come of it
Breakdown month instead. Just like all of 2021.