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Terms of the Strategic Alliance with Scott Conant!!
KITL - NOTE__What Is a Strategic Alliance? A strategic alliance is an arrangement between two companies to undertake a mutually beneficial project while each retains its independence. The agreement is less complex and less binding than a joint venture, in which two businesses pool resources to create a separate business entity.---
From the 10-k:
--The Company entered into a Strategic Alliance Agreement, effective as of March 1, 2023 (the “SAA”), with SC Culinary LLC, a New York limited liability company (“SC Culinary”).
SC Culinary is currently the creator and owner of, and in possession of, a quick-service food concept (the “Concept”) and is developing and will develop all intellectual property rights related to the Concept (the “Intellectual Property Rights”), all of which were or will be developed or acquired by SC Culinary, independently, or assigned to it by Scott Conant. Scott Conant, who owns all rights in and to his name, voice, image, and likeness (the “NIL Rights”), has granted SC Culinary the exclusive right to license the NIL Rights to third parties.
Pursuant to the SAA, SC Culinary will license its interest in the Concept, the Intellectual Property Rights, and the NIL Rights (collectively, the “License”) to a wholly-owned subsidiary of the Company to be established (the “Subsidiary”) for the purpose of developing the Concept into the business of the Subsidiary (the “Brand”).
In consideration for the use of the License under the SAA, SC Culinary is entitled to receive certain minimum cash payments and restricted shares of common stock of the Company (the “Shares”) upon the achievement of certain milestones. Notwithstanding the foregoing, the issuance of the Shares to SC Culinary is subject to anti-dilution protection, wherein the Company shall issue SC Culinary additional shares of common stock in order to maintain the percentage owned by SC Culinary in the Company at the time of the issuance.
$KITL Form 10-K 2022 ANNUAL REPORT is out!!!!
https://www.otcmarkets.com/filing/html?id=16531133&guid=maA-ka4Zfv7fJth
Yeah....pretty outrageous!! I've never seen a microcap go down a whole 5 days in a row (unless you are counting the very last time KITL went down a couple of weeks ago for exactly 5 days and popped right back up again). This is INSANE...sell EVERYTHING Stalker!!!!!
Not only am I gonna hang onto my shares, if they continue to walk it down with this tiny volume, I will buy another large chunk of shares. I know what I own...I am a patient man.
Unless the CEO of KITL, celebrity chef Scott Conant and the team at FranSmart are all psychopaths, I would suggest any price decline before the rollout announcement is an opportunity.....IMO.
I was just telling someone...and will repeat here:
Claudio spent 30 years on Wall Street managing billions in dollars...there is NOTHING at all he has done in his background or presently that is in any way slimy ... I trust the man that he knows how to negotiate the financing and then launch us...It appears Scott and his lawyers agrees with that...Fransmart and their legal team agree with that...and both CEO's own millions in common stock and they have sold not one share of it...so they are apparently on board too... I like our odds here that something good is gonna come out of this 7.5 mil!!!!
Not all dilution is bad... The shares are there... so at critical times, like right now, they are available to launch the company!! We are getting ready to launch...looks like the 7.5 mil credit line that they have with MacRab LLC is getting ready to be used.... With all the activity we have had lately from the company I am not surprised...let's roll!!!
Hmmm...yeah... Mr Stalker...I see you have done a deep dive into the fundamentals of the company and given your analysis of "wait for update, put out classic stinky pinky interview then dilute." a lot of thought....excellent, excellent...Sounds like you should save yourself and sell while you can and let us foolish "newbies" sink with the ship....hmmmmkay?
KITL - if the uninformed want to bring it back down to .03 then I will hit it some more... bring it!!
Nice work doinit....that way when anyone new comes in here they can quickly get up to speed real quick about what we are all about!!
I hear ya man, but wow would love to see it go back to 3 cents to load load load even more... this stock is SOOOO under the radar right now!! Hardly anybody knows about it, and those that do, most are too lazy or just don't know how to do a deep dive into the fundamentals... The absolute KEY to this one is to be patient... news is coming. Did you pick up what he said in the interview? He said they are just waiting on intellectual property (trademarks) to be set with the government (this protects KITL and us the shareholders). Getting things back from the government is generally a s l o w ...process....but it's coming...
When I spoke with Claudio on the phone a few weeks ago...he said his goal is not to be on the NASDAQ. His goal is to become a great company....and he said getting on the NASDAQ will be a natural process in becoming a great company!! What's funny is that most people probably won't even take the time to watch the interview. It will just give me/us more time to load the boat... I can see what's coming....
doinit...would you consider replacing the old news from your sticky about Scott Conant and replacing it with post # 10002 so that the new interview will be in the stickies?
Both our links work fine for me...
That's what I have been trying to explain....KITL has BIG potential.... GREAT long term hold with rock solid management! Much much higher than 25 cents...think dollars$$!!
Hell yeah....load up!!!!
$KITL !!Kisses from Italy, CEO Interview...One Authentic Italian Classic Sandwich Stock!!
Sounds like a plan dude
Wait for what? I was just replying to stalker who was saying his target was 25 cents and laughing about some of us who think this is going into deep numbers. It looks like he has not done a lot of research on KITL if he only thinks its going to 25 cents... (not all penny stocks are the same...most are crap but there are a few that stand out). I have no idea where KITL will eventually end up....but certainly into dollar land (just look at the share structure and the players involved here!!).. Long and Strong!!
want to see 100k blocks roll in can move like feather, all about the whale blocks, newbies scream .25 possible wtf lol ... 46 dollars a share possible is my target depending if we get big volume to enter
I got news for you big man....anything is possible here. If you really think 25 cents is the ceiling you might want to dig a little deeper.
Press Release | 03/28/2023 - Emerging Markets Report: Add a Seat to the Dinner Table
https://www.otcmarkets.com/stock/KITL/news/Emerging-Markets-Report-Add-a-Seat-to-the-Dinner-Table?id=394689
Hello goingUPagain!! What you said makes total sense. Even if KITL gets to 1/16 the share price of $CMG that would still put us at $93.75 lol!! Heck...1/32 of $CMG would put us at $46.87 !!! Bullish as hell...hope you jump on board this train as weeee about to leave the station...IMO!! I did make an adjustment for that in my updated - - Why I Like KITL... Cheers!
Why I Like $KITL, Kisses From Italy, As A Long Term Hold!:
-- Flying under the radar. Hardly anybody knows about this company right now. Currently trading at @ 4-cents.
-- NOT a pink. Trades on the OTC QB
-- Share Structure: OS 206,148,534 Float 40,875,380
-- co-CEO and CIO, Claudio Ferri managed billions of dollars for State Street Bank for over 20 years. Expert in financing. He understands the harm of runaway dilution and toxic convertible notes. Claudio and co-CEO Michele (Mike) Turi both own millions of common shares of KITL and are aligned with shareholders!!
-- Partnered with FranSmart Co., an industry leader in the global franchise development market. Fransmart has sold over 5,000 franchises worldwide and launched franchising for "Five Guys Burgers & Fries", "Qdoba Mexican Grill", "The Halal Guys" etc.. Fransmart creates industry-leading systems, strategies, and best practices modeling the most successful franchisors and franchisees in the business and will play the key role of serving as the group's exclusive global franchise developer and representative.
-- Formed a strategic alliance with celebrity Food Network star, restaurateur and cookbook author, Scott Conant – SC Culinary. The KITL team and Scott spent 7 months getting to know each other!! There is no way a man of this stature in the celebrity food world would ever put his name on a brand and concept unless he truly believed in it. Do you really think Scott joined forces with KITL for it to remain a penny stock company? Really?? Just guessing once KITL gets rolling some of Scott's celebrity friends are gonna want to buy shares too!!
-- Formed a financing agreement with MACRAB LLC, to provide ongoing strong capital backing to build and execute the upcoming rollout of their new strategic plan. This is HUGE for an OTC company to have financing in the early stages with reasonable terms overseen by financial expert, CEO Claudio Ferri, and his legal team.
-- Any day now (waiting on intellectual property rights/trademarks to come back from government) investors should be getting a news drop revealing a whole new brand and restaurant concept which will be a wholly owned subsidiary of KITL. The company has said they have already identified a major metropolitan city in the U.S. as the ideal location, where the team will be planting its flag. Chef Scott Conant and his team will be taking the lead on this new branding and concept development initiative in collaboration with the Kisses From Italy team.
-- I love the chart on KITL !! We have price action coming up out of a broad base with the stock starting to flirt with its 52-week highs. Currently, we are above both our 50 and 250 EMAs. We are also starting to get a continuation of higher lows creating a bullish framework. Look at a chart of Chipotle, $CMG, to give you an idea of the long term possibilities here!!! If we reach just 1/16 the current share price of CMG that would be $93.75!! Yes...it's okay to think BIG!!
-- My last reason for liking KITL? What can I say...Adoro la cucina Italiana!!! Così buono!!!
*Feel free to share this in its entirety but DO YOUR OWN DD….TripTrap
Why I Like $KITL, Kisses From Italy, As A Long Term Hold!:
-- Flying under the radar. Hardly anybody knows about this company right now. Currently trading at @ 4-cents.
-- NOT a pink. Trades on the OTC QB
-- Share Structure: OS 206,148,534 Float 40,875,380
-- co-CEO and CIO, Claudio Ferri managed billions of dollars for State Street Bank for over 20 years. Expert in financing. Understands the harm of runaway dilution and toxic convertible notes. Claudio and co-CEO Michele (Mike) Turi both own millions of common shares of KITL and are aligned with investors.
-- Partnered with FranSmart Co. an industry leader in the global franchise development market. Fransmart has sold over 5,000 franchises worldwide and launched franchising for "Five Guys Burgers & Fries", "Qdoba Mexican Grill", "The Halal Guys" etc.. Fransmart creates industry-leading systems, strategies, and best practices modeling the most successful franchisors and franchisees in the business and will play the key role of serving as the group's exclusive global franchise developer and representative.
--Formed a strategic alliance with celebrity Food Network star, restaurateur and cookbook author, Scott Conant – SC Culinary. The KITL team and Scott spent 7 months getting to know each other!! There is no way a man of this stature in the celebrity food world would ever put his name on a brand and concept unless he truly believed in it. I am purely guessing that some of Scott’s celebrity friends will want to own KITL once we get rolling!!
-- Formed a financing agreement with MACRAB LLC, to provide ongoing strong capital backing to build and execute the upcoming rollout of their new strategic plan. This is HUGE for an OTC company to have financing in the early stages with reasonable terms overseen by financial expert, CEO Claudio Ferri, and his legal team.
-- Any day now (waiting on intellectual property rights/trademarks to come back from government) investors should be getting a news drop revealing a whole new brand and restaurant concept which will be a wholly owned subsidiary of KITL. The company has said they have already identified a major metropolitan city in the U.S. as the ideal location, where the team will be planting its flag. Chef Scott Conant and his team will be taking the lead on this new branding and concept development initiative in collaboration with the Kisses From Italy team.
--I love the chart on KITL…We have price action coming out of a broad base with the stock starting to flirt with its 52-week highs. Currently, we are above both our 50 and 250 EMAs. We are also starting to get a continuation of higher lows creating a bullish framework. Look at a chart of Chipotle, $CMG, to give you an idea of the long term possibilities here!!!
--What can I say…. Amo la cucina Italian!! Così buono!!!
*Feel free to share this in its entirety but DO YOUR OWN DD….TripTrap
When they drop news (PR), it's always at 9AM ET. Be patient cause it's coming....
Why would anyone even sell at a dollar?? Have you seen a chart of Chipotle lately? There is no reason why we can’t someday be as big as them… We have a former State Street Bank billion dollar money manager overseeing finances… We have an industry leader in franchises advising us, We have one of the best chefs in the country bringing all his creative powers to the table… And we have a bank that is willing to finance us at reasonable terms… oh yeah…I can be patient and holding way into dollar land on this one. New roll out to be announced any day now….
KITL - when they drop the PR one of these mornings at 9AM....and they will....could be tomorrow...could be next month...but when they drop the PR about rolling out a whole new brand starring Scott Conant at the helm...and knowing FranSmart will be giving them the guidance and expertise...and a 30 year, billion dollar, experienced State Street Bank, ex-fund manager is looking out for the financing.... I believe we will quickly be heading for $1.00 and beyond... This is gonna happen....IMO
"The first thing I learned about how to get superior performance is not to buy stocks that are near their lows, but to buy stocks that are coming out of broad bases and beginning to make new highs ... ... It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower."
-----William J. O'Neil founder of Investors Business Daily (and one of the greatest stock pickers EVER!!)
Gooooooooo $KITL
Correction...in my last post meant to say the all time high is .60 cents...not .25. No matter...we will get there! Baby steps!!
Thank you kind sir...it was a pleasure making it! Not to sound overly dramatic but I believe little Kisses from Italy is going to change a lot of people's lives financially for the better. Any PR of substance around 9AM gaps us up on the open 4-6 cents and then we run...after a feeble attempt to fill the gap (which they will NOT do). I plan to ride KITL into dollar land over time but shorter term TPs using fib extensions are the following. First the recent high at .065 and then @.09, then to .1310 then to..1970 and then the all time high of .25. Getting ahead of myself and will see what tomorrow brings...
Ha! Ya think? Nice to see you changing your tune Stalker... If you are gonna be in this for the long haul there are gonna be LOTs of downs along with the ups. Know what you own and the downs won't feel so bad... Let's Gooooooooo!!!!!
Will be posting up a KITL chart soon and will share here.... Like what I see!!!
Yes...we are finding support at the 50 day EMA down @ .0264. We are also working on an Inside Day today (lower high / higher low) vs Friday. Would LOVE to see us close in the upper part of today's range at 3 cents or above. Inside days make for boring price action but likely to turn the recent downturn back up in the coming days...
I think when the news does come it's gonna be bigger than just a few franchise location reveals. It was mentioned in the recent PR that introduced Scott Conant that "The team already has an exciting concept and brand in late-stage development, which we're not revealing yet, but you will hear about it soon". Not exactly sure, but this hints at something much bigger. One thing I do know, is when the news comes, it will likely come out thirty minutes before the bell. 9AM seems to be when they always put out PR's. There does not seem to be a preference for the day of the week. They have dropped PR's on all days...
Wanted to share this with my iHub friends! I just posted this on twitter and copy/pasted it for here...
$KITL IMPORTANT- OS update!
$KITL - I wanted to let you all know here on my twitter feed before someone sees this somewhere else and starts screaming about scams and dilution... KITL did indeed raise their OS after the close this past Friday from 189,216,582 to 206,148,534. That's an increase of 16,931,952 shares. Out of all those shares, only 6,480,000 shares were issued to the float. The rest, 10,451,952, ended up in restricted shares. The AS has not been touched and is still very low at 300,000,000. Understand…I have spoken with Claudio Ferri, the co-CEO in the past. I find him to be a smart, meticulous man, who absolutely knows and understands financing and especially dilution and toxic debt. He spent 20 years plus managing billions of dollars for State Street bank and others. He understands that not all dilution is bad, as long as is used for a specific purpose of growing the company. Anyone trying to sell him on toxic death spirals…(those that become variable conversions and lead to runaway dilution) gets shown the door… Any funding they do MUST have a floor price on the conversion. KITL’s dilution risk is very measured he told me…and always with the end goal of moving KITL forward. So, this current action tells me that the roll out is near. This is what those shares are for, to be used at an absolute critical time in their growth, as they roll out their plan. Now with KITL’s experienced management team at the helm, plus franchise industry leader, FranSMART advising them plus with SC Culinary – Scott Conant’s amazing culinary talents….and having the financing in place to execute the plan…I believe us shareholders have A LOT to look forward to this year IMO!!
Stalker having the company use some of their shares to grow the business is what they are there for... 16,931,952 increase is NOT the end of the world and certainly you should NOT be calling the CEO a scam!!! Also the Authorized Shares did not go up. It is to be expected they raise some cash just before a big roll out. Would you rather they raise money through a toxic lender?? You do realize the OS right now at 206,148,534 is small compared to most OTC stocks and the float right now is 55.85M...? It's still tiny!! From your reaction it seems like this may not be a good stock for you...