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Fully agree.
AB was actually marketing Kona here. They made their own signs and put them on most of the buildings that they placed Kona in. They even worked with Kona to do a roll out party (was told this by both Chad Webb and AB employees). Then, per my discussions with AB management, Kona bailed on the rollout event. Even after AB had been pushing product hard and getting things off to a good start. Had it in 20+ locations locally from what we logged (group of shareholders). They had Kona as the ONLY CBD or hemp beverage in multiple stores. A small testament to how well AB was doing. Breaking down barriers, with Kona and HIGHdrate as the products doing it.
Then, before Covid even hit, I was informed that Kona was taking focus away from AB, and it was AB’s understanding that they were going to focus in the southeastern region of the US. Which, the AB rep told me made perfect sense if Kona believed going national (which they stated in a PR prior to that they would do) was no longer an obtainable goal.
But yet, the growth by Kona is just way too slow when subtracting the acquisition (at the LARGE cost to shareholders) of Lemin.
Kona’s products are fantastic. Lemin is great as well. They need to capitalize and expand more rapidly. Just signing international deals without execution doesn’t get anything accomplished long term. Signing 1 new domestic distributor per year, when others are failing off, isn’t a good sign either.
Kona has the product. They have the funding now. But what is their actual goal? What has Selinger and O’Renick done to achieve results since being hired?
The recipe is there to be great. Can they execute? So far, it’s been a struggle.
You still aren’t answering my questions. Covid isn’t an excuse. As fax and others have shown, the energy drink sector is doing just fine in the face of Covid.
They’ve secured funding a while ago. And the record sales are thanks to acquiring Lemin, not by organic growth via Kona’s flagship products.
Gold Leaf has grown well, which has helped. But majority of those sales are products from other companies. Non Kona products.
Show me what they’re actually doing. Show me results. Why have we went backwards with Kona products now for 2+ years (started since pre-Covid).
Trust me, I’ve read every single PR Kona has ever put out. It’s been a year for the international deal. Where are those sales? Why would they sign that deal in the middle of Covid, and then use Covid as the excuse for not getting anything accomplished?!
Yes, they’re diluting. And diluting heavily. But where are the results outside of the Lemin acquisition? Wasn’t this Wisconsin distributor the first known distribution deal for Kona products in the last 12 months? Why such a snail’s pace when the sector isn’t having the same issue?
So once again I ask, do we KNOW where they’re actually expanding? Where are things actually getting done? Signing the deal in Wisconsin is great, but yes/no has anything happened yet there?
Kona is being taken OFF of the shelves where I live. Vapor Maven isn’t reordering. Anheuser isn’t reordering. Hucks isn’t reordering. Why is this? Why isn’t Kona keeping products on shelves after they execute to get them there to start?
Kick-off your week by watching @jbrookswarrior sit down with @startupgrindOC as they discuss how #smallbusinessowners can use tech to help improve customer acquisition!
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Today's subject: A/B testing #businesstools $BZWR pic.twitter.com/bXXvvjLtq9
Thanks Mikey. This has been my understanding also. Which is a little concerning. Would be nice to see Gold Leaf really saturate the southeast with Kona, and then see Kona advertise and expand awareness in that area. Hasn’t been the case yet. Opportunity is there. The products are great. Need to get the word out; and not just to shareholders.
You just regurgitated some PRs. Anybody could have done that. Do you actually KNOW what they’re doing? Do we have any proof of Global Imports getting Kona anywhere? It’s been a year, and the only mention from Kona was that they failed to get Kona into an unnamed country due to a lockdown shortly after Kona said it would happen.
I’m glad I make you laugh. But if you could answer without simply copy/pasting PRs, it’d help a lot.
Show me actual Kona in other countries. Show me Kona in these stores in Wisconsin (which I assume should have happened by now). Show me advertising or regional marketing. Don’t just copy and paste the PRs about what they want to do. Show me that it’s happening.
I hate having to ask this, but does anyone know what Kona is currently and actively doing to push their brand and create or expand awareness?
Keeps getting stronger
http://www.oohlalemin.com
I still can’t get it to work
Idk. I despise play on words. But this is the exact definition when used as an adjective (which he did):
adjective INFORMAL•NORTH AMERICAN
1. suddenly and extremely popular or successful.
"a breakout movie"
In my opinion, the primary issues for KGKG seem to still be (a) too much dilution and too many shares, and (b) lack of company progress to justify the bloated share structure.
The CEO called 2021 a “breakout year” back in January. He’s yet to do anything to prove himself correct.
This doesn’t impact KGKG
It’s been in the tank for 2 years now. And it’s a direct result of management’s decisions with how to address their distribution partners and their financing.
Apparently they’ve been online for Walmart since at least July 15th, per a review left for candy apple
Fully agree
At least even scams have dead cat bounces. So maybe we’ll see that here
I won’t even be a buyer in the $0.0140s. To be honest, I probably won’t be a buyer here again until the company proves they’re worth investing in. Until then, it’s just managing the current share remaining depending how I see fit based on all given factors.
52 week low is $0.0148. And it’s within current range based on recent trading activity.
I’m in for free. So my personal moves I’m keeping to myself, but I have no issue being vocal about my opinions on the company as long as I still have at least one share :)
Really good chance we see $0.014X by Friday from how i see this. Relentless selling, with a clear source being dilution from the funding of management unloading shares. Definitely not even close to being all retail. Just check the trade logs and L2 for that confirmation
The whole sector is up huge this morning. Kona tho???? Looking like dilution incoming again on L2
Nah. The share structure is a mess; especially when factoring in the shares yet to be added. It’s already sold off over 10% since I sent that message. There’s some clear issues here that management needs to address. Management needs to earn shareholder faith; and I’ll be happy to provide that again if they can prove it’s worthy. Just can’t justify it given all factors
The shares Robert Clark is owed is very concerning also. If it gets disclosed that he starts converting his own, this will go straight down and then a reverse split. He really needs to address that issue IMO
I honestly think this can (and probably will) go down another 50% from here. The financing is pretty bad, and I believe they can dilute down to around $0.0092 area and still be ahead
Trade log is screaming dilution today also
2019 for the near $1M in sales for Lemin
And yes, you’re probably correct on what else you’re saying. At least, I would say more likely than not.
Thanks Squeezer. Those numbers weren’t updated as of early this morning. Good timing.
They added another 10,609,372 shares to the OS
Care to elaborate? I’m still holding a bag here, and wouldn’t mind seeing some positive info. Personally, I’m glad I funneled my excess funds elsewhere during the last year. But it doesn’t change the situation here with KGKG, which has not been good for shareholders.
Not looking likely.
Do Clark, Selinger, Stineman, and O’Renick have the ability to take kona higher? This “breakout year” as stated by Clark himself has been nothing but a disaster for shareholders.
Hard to justify paying this group of individuals with the lack of results being seen. Selinger and ORenick haven’t done hardly anything since coming on board.
Love it. This has been a lot less stressful than other OTC plays.
Wonder if the CEO will address the share issue. Hope he isn’t the one selling. It’s happened before
Curious to see what the share structure looks like when OTC Markets updates it. Been an interesting sell off with the market makers like CDEL, CSTI, and GTSM pounding the bid and selling relentlessly.
Kona just added the PR from yesterday to their site also. Not sure why they didn’t do it yesterday, but at least it is there now.
I hate that store. My friend even told me which section they were in; and it still took me way too long to find them
Seems odd that this press release wasn’t even linked onto Kona’s investor website
I’m cautiously optimistic. This is the first Kona distribution announcement in over a year. And it’s in Stineman’s territory.
Not sure what Selinger and O’Renick are accomplishing, but nothing that’s been passed along to shareholders.
Hate to be a downer (as been the case often lately), but any glimpse of positive news is only a reason to sell right now. Need much more from Kona. Hopefully this is a start, but that’s to be determined.
You mentioned what I believe to be true:
Controlling the dilution has to be first and foremost. If they’re truly profitable now (as of Q2), they need to use that for funding going forward instead of adding hundreds of millions of shares via funding from Yorkville Advisors. That needs to end ASAP. Hopefully the funding they received from YA is enough to get them whatever they were looking for.
#2, is probably seeing new deals reached for Kona products. It’s probably been over a year since they’ve expanded anything for Kona products. The only announcement i recall is the international distributor, who has produced ZERO actual deals for Kona.
After that, I’m looking for annual revenues of $10M/year; or for a quarter that doubles revenues from previous quarter. Needs to be rapid growth now, instead of slow. If they’re fine with allowing Kona and HIGHdrate sales to stay relatively flat, that means Lemin and Gold Leaf need really push forward without hesitation.
If they could saturate the South Carolina and Florida markets with Kona and HIGHdrate, they could focus on regional marketing for those products. While allowing Lemin to go nationwide. Seems like a logical plan.
With Kona being in SEC Football country, they could probably utilize the new collegiate name/image/likeness freedom to their benefit. Go put Kona in dozens of stores near Columbia, Clemson, Gainesville, Tallahassee, ORLANDO, and Miami. Then throw $500 at different football players for SC/CLEM/FLA/FSU/UCF/MIA along with free energy drinks, just to market Kona on their social media. Focus heavily on UCF since they’re a non power 5 conference team, but yet has a massive college enrollment. You might be able to grab a handful of their players to market Kona. And watch it grow from there.
Just talking out loud :) but I really hope RC utilizes this new Avenue. Seems perfect for Kona
I don’t see that happening anymore. It had potential previously tho.
Bad way to end the week for the share price. Lower lows seen today.
Getting massive respect on the stock side also. He’s pulling through big time. That’s how a CEO gets work done!
That’s legit
Idk. Anheuser got Kona into dozens of stores around here. Just didn’t have the follow through from Kona. The opportunity was clearly there