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Wasn’t June supposed to be when more Wal Mart stores started carrying Kona products?
This would trade alright if it weren’t for the endless shares hitting the market
I think RC might be considering some sort of move with the LBEV ticker that gold leaf owns most of. Idk. But it’s going to be involved somehow. Or else why would they have it, and why change the symbol recently?
Appreciate the heads up
Curious as to what Robert Clark plans to do with LBEV
I’ll be a fan of non-dilutive penny stocks with a big overall market correction. Too bad Kona isn’t done diluting.
I don’t think most shareholders see Kona hitting projections this year. Could be priced in already, but I believe the inability to sustains share price closer to $0.03 is more a factor of the dilutive scenario going on
Very interesting. I lean optimistic, but cautiously
Over 7M on the bid at $0.0110
Too many shares
8k filed. More funding
Impressive trading today for Kona. Especially considering VERT, CDEL, and ASCM have been trying to keep the ask as low as possible. Doesn’t seem to matter, cause it keeps getting bought
Did they see ur post and decide to PR the West Virginia distributor???
Interesting Friday. With a more intriguing close
Surprised no word from Robert Clark yet. I’d expect a PR tomorrow if the company stays silent today
Did they change anything? Looks same to me, but I could be overlooking something
Intrigued
North of 1B, and probably not stopping until it his 2B+
Is the stock pump/promo over?
Tim Sykes was pumping Kona this morning. Just fyi. Wanted you to be aware, in case that helps or not with your decisions
It’s done. There’s nothing here with this company to sell potential investors on. And the CEO clearly doesn’t care in trying to work on the side of the investors. We’ve had a member here asking for a formal presentation for years; which is not that hard to do. Never happened. But when it comes to dilution and taking advantage of the shareholders (for both company growth early on, and now for money since the company can’t make enough on their own), well, they’ve got no problem with that.
Kona had a real chance to become a nationwide success. Got ran into the ground instead.
This might be sub 40 tomorrow. Nobody running the show cares about share holders. Simple as that
The obvious massive dilution again today, after Kona decided to increase their tweet activity.
So sad the way they keep putting share holders on the back burner
What size/ratio will the reverse split be? RC said he wants to go UP to a higher tier again. That will require a RS
CEO implemented highly dilutive funding
Not gonna happen. Sadly.
Robert Clark ruined a good thing
I didn’t like to see that either. But if you’re not increasing sales at all for the energy drinks (as stated in this release) then you probably have to trim production cost a bit. Especially with the rebrand coming (more dilution)
Not a fan of the CEO letter.
Multiple typos AGAIN. Couldn’t even spell “caffeine” correctly, among other words.
Kona and HIGHdrate sales were stagnant from 2020. It’s the lemonade and distribution carrying the weight.
And the mention of hiring a firm (more dilution) to uplist to a major exchange (reverse split).
For investors, I can’t see the overall positive here. More concerning flags.
New year. Same old dilution.
It’s becoming impossible to be optimistic as an investor here. Product was great. But the investing aspect has been destroyed by the dilution that Kona’s management negotiated
Pretty sure you’re correct
Does Robert Clark only tweet on days that he needs to dilute more shares?
You might have a point about the crack accounting also. Really odd timing for them to change firms, and not even include it in the PR that they released that day. Kinda like they might have tried to sneak it in without many investors noticing.
Would also like to know what Robert Clark plans on doing with the ~600M shares or so he can convert. Still a little uneasy about the prospect of him being behind one of the dilutive MMs, and then handing over the reigns to Stineman. Then everybody in the company being fine with the reverse split — and possible spinoff of Gold Leaf or Lemin into the BSPR ticker they apparently own.
I really hope none of that happens. But nobody can say, with any sort of confidence, what the likelihood of that is. Could be very likely, or not likely at all. What we do know is that Konas management did similar with VATE, and we saw what came of all of that. The shares Kona was supposed to see benefit from ended up becoming essentially worthless. Minimal value noticed from what was supposed to be a beneficial transaction.
For starters, any sort of statement in regards to the investment community with share structure and plans for how to maneuver their current tier status. I’m assuming a reverse split will be necessary. Or else back to delisting.
They filed an 8-k today. New accounting firm. Just FYI.
Regarding the post you responded to, I said revenues don’t matter “when”….
The dilution trumps the revenues. If revenues aren’t enough to convince enough to investors to invest in the company, in a matter that exceeds the dilutive shares coming in, then you get exactly what’s been happening here.
The history here explains it all. I hope nothing but the best, but I share sentiments with many others who were long here. There’s been a disregard for shareholders. Company’s CEO claimed this would be a breakout year. We didn’t see that. Growth? Yes. But to what degree? Definitely nowhere near a “breakout”. And where is the focus going forward? Is it all on Gold Leaf? What does that make us? What’s happening with these stores (menards, vapor maven, Hucks, piggly wiggly etc) and distributors? Are we even still supplying them? Locally for me, the answer is no for the majority of the locations), because I’ve went to these places and looked and asked questions to the managers and employees. Investors need clear answers about the priorities of the company.
Revenue does not matter when a company completely disregards its shareholders. Toxic dilution is exactly that…. Toxic
Kona’s stock is toast. As long as the company and their note holders are diluting 24/7, it’s off the radar
Classic dump going on
Yep. Robert Clark looking to screw shareholders over big time
Robert Clark wouldn’t even recommend buying this stock
#breakdownyear