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What a disaster; what a shame. I haven't met anyone who doesn't like the products and all saying the energy drinks are way better than Monster and Red Bull. They sadly lack passion for their products. Yeah baby, go Gold Leaf. Yeah baby, go Lemin.
Monster went from a juice company to energy drinks. Kona is going from an energy drink to a lemonade stand.
Going to wait for the once a year uptick in the cannabis industry stock world to unload this pitifully run company.
.0139? Shoot me.
Rather shoot management. They've driven the PPS downwards without any regards to shareholders. Seems they are only concerned with themselves.
Just fictitious humor in calling it the devil's weed.
Cannabis companies do not get full deductions on the federal level, thus they pay taxes currently that they may not have had to pay if they were allowed full deductions. I just pointed this out as a reason to why the feds haven't legalized cannabis at the national level.
It's not in the government's best interest to legalize marijuana. If they did, then companies would be able to deduct much more expenses. As it currently stands, companies only deduct cost of sales which makes practically all marijuana companies paying taxes even though the overall company's activities are resulting in losses. On the state level, those excluded deductions are taken in the states that have legalized the devil's weed.
I agree with you. HighDrate is an incredible product. It is a great replacement for drinking too much coffee.
I'm with you. Tired of being poor, lol. I only know one person personally who hit it big with penny stocks. Set himself up nicely for a long time. It took him 20 something years to finally hit one.
I put everything into this stock. They have the best energy drinks on the market and the HighDrates are incredible. I figured how can this company go wrong. I didn't account for the dilution and management hiccups.
Do I recall correctly that KGKG is possible rebranding? Seems like they could have done other things to grow, especially in marketing. Seems they need a bigger social media presence.
Just got my 5 cases of HighDrates that I ordered Monday online. Literally my favorite drinks. Great products. It will be shame if this company fails.
Having seen similar size companies start up and grow (privately held), I think they are in the middle as far as performance from my experience. They say many companies don't even make it to year 5. The jury is still out on this company. Great products. The companies I compare this company to have only maxed out at $50 million in sales. I think we have all been hoping for more. At year five, this company will either grow exponentially or stagnate and pretty much operate like a privately held company. I am in for two more years but going to start selling some shares. I have way too much. I did expect more. I know people who could take this company to the moon. They need marketing.
I don't think KGKG can yet handle an explosion in sales. This is still a start-up run like a mom-and-pop organization. I also think current management (main shareholders) could tire of this and walk away before hitting their potential with loads of money in their pockets from cheap shares. Hard to say with the little communication they offer.
The juice company got them distribution channels that got them exposure.
If you don't like how this "mom & pop" company is operating, then don't invest in it. I think Gold Leaf and Ohh La Lemin are great for our growth. Can they do better? If they hired you maybe.
Not entirely true. Monster actually started out as some sort of beverage company over 50 years ago (...and I think it was lemonade, lol). They were doing terrible and facing bankruptcy. The stock was in micro cap levels. They somewhere added the Monster energy drink. It took a while to start selling. They rebranded to Monster and changed their stock ticker. Along the way, Coke bought 17% of the company and the rest is history.
The comparisons are very similar. This isn't a mom and pop by no means.
PS, I just remembered they were a juice company many years ago.
This company is extremely frustrating. They do not operate like a public company but more like a family owned privately held company. I know people who could put together a team that would make this company explode in value. Bottom line in my opinion is that they don't work hard enough or efficiently, and do not have shareholder interests at heart. There isn't accountability. They need a three, five and 10 year plan.
Bought 2 cases mixed flavors of Ooh La Lemin. Tried lemon and it is pretty good. Nice alternative for those with diabetes. I can easily see this being in all grocery stores.
Had a new garage door installed. I gave the installer 2 different cans of Kona and one HighDrate. He loved it. He said he would buy it exclusively over Monster and Red Bull just because of the hemp and CBD. Told him he could get it at Pete's Markets in the Chicagoland area. They really need marketing. Word of mouth ain't going to cut it for investors. College towns are the best route. It worked for Red Bull.
But if they sell themselves to wealthy investors, they will need to issue those investors more shares of stocks resulting in further dilution.
If there are current shareholders with money who can loan the company money with high interest rates, they could use that money to retire shares. Their incentive is the interest earnings and the increase in share price. Otherwise it has to come from profits like you said.
This is all premature talk. They need cash for other items to continue growing. It is way to early to be talking about RS and retiring shares. They just recently had a large block authorized indicating no RS or retirement of shares are in the short term future.
Been here a long time myself and disappointed with all the lost opportunities. Need to get to .056 to break even on this stock. But who knows, I may have lost it elsewhere. Can't believe I put most of my eggs in one basket. Lesson learned. But still hoping for the big KGKG Beach Bash or Cruise for the long time investors.
You are 100% correct. I was in MDGL (penny stock), it reversed split (over $10), and watched it drop under $10 relatively soon. I excited. I go back to check a few month later and the damn stock was trading close to $300.It's currently a little over $100.
Every situation is different and sometimes a reverse split is very beneficial to the company. Thank you for following up on this matter. I can see this happening to KGKG, but not in the short term.
Because of the total amount of shares authorized, I think a reverse split would be great for investors. But it is not necessary at this juncture.
I echo Teslonian's post.
Don't see no Kona. And damn, that's a lotta Monster. Can't believe it is so popular since I personally find it terrible tasting.
I have been high on this company for a few years but they have left me at the alter a few times. I use to chirp about KGKG to quite a few people and some of them invested to my chagrin since that was at 8.5 to 9 cents. I now have kept quiet about investing in KGKG and just introduce the products as social events come up. People simply love the drinks. There's no doubt they have a winning formula. But does management have the winning touch to make this stock soar?
In all honesty, I would have done the same thing with the way they raised money versus adding on debt. To grow quickly would have required risky financing so authorizing more shares was the way to go. But any more dilution is going to kill us long time holders, or make us delusional holders hold that much longer. If the share structure holds for a decent amount of time, this stock will one day pop so fast and there will be a bunch of us all giddy. Momma needs new shoes, and daddy wants a new car, lol. Give me .10 this year, baby!!!
More shares for us!!!! Sigh.
Unless it's that Tesla guy. I would love a bit of chatter from Elon saying he loves HighDrates.
Hey Frank.... what were your two favorite Ooh La flavors?
The purchase of Lemin would not be recorded as a loss. That is a cash flow issue. I haven't fully reviewed the f/s yet but the majority of other expense is interest expense related to the warrants on convertible notes, as well as losses on derivatives.
With the release of more shares and subsequent dilution, does anyone know or think that management would let the party receiving the new shares of any pending deals that may affect share price. I would guess probably not because the shares are already being sold. Maybe would be illegal as well.
I have to think the employees who received shares as part of their employment can't be too happy with all the dilution. Maybe that's why one of the sales guys left? Disappointed with lots with this company while also being bullish with its potential. Not sure how much longer to hang in there with this one.
Why are those non-normal trading shares being sold at these lower pps? Wouldn't it behoove them to wait until .05 or higher? Do they lack faith in the company or are they doing it simply to meet their own obligations?
For me, my favorite product from KGKG are the HighDrates.
The Kona Gold energy drinks are great and are a great bar mixer.
I have yet to try the Ooh La Lemin, but people have been giving great reviews.
At this point, does anyone think it would make sense for them to include HighDrates and the Kona Gold's without the hemp or CBD and let consumer decide what they want? They should probably use more CBD in the waters.
Thank you.
My Fidelity feed shows that a Notice of Effectiveness was filed yesterday. Can't find details on it. Does anyone know what it means?
Going to place an order soon. Just got my 4 cases of HighDrates and still have about 22 cases of the Kona Gold to go through. I am anxious to know how the Ooh La Lemins taste. However we get to the promise land doesn't matter to me. If Ooh La opens doors, then ooh lala indeed.
Volume is disappointing today.
OOH LA LEMIN is going to be a huge catalyst for us. Tell me anyone of you saw this coming. What management lacks in PR has come through with action. If Ooh La Lemin is as good as a few have said after trying, then we will have some of the best beverages in different niches. Future looks bright without the pump. Local marketing in the Target store areas should be next. Hit the bar scene for the energy drinks. Put the right strategies in place and this is going to be a monster!!!
According to a quick internet search, there are Targets in all 50 states with 1,897 locations. There are 223 Targets in Florida alone. Central Florida is where company headquarters reside. Baby steps but this is a huge opportunity.
I can easily see Ooh La Lemin busting out as a popular beverage in these stores with the energy drinks and water to follow.
I agree. Of course it would depend on the buyer. THey do seem to be moving slowly. THey have lost momentum with shareholder word of mouth.
RC is no longer CEO?
Transparency? They used to be a flat out Pink company on the OTC. It was impossible to know whether any information was even valid. They didn't have any audits conducted and literally were a startup in what, 2016 or 2015?
Over the last few years, they have had audits conducted for 2018, 2019 and 2020, up-listed to OTCQB and report now to the SEC. Yes, they have been absent with PRs, but I don't think that they have lacked transparency. You can't call them pump and dumpers. They are a five year old company still finding their way. I still believe when they improve on marketing and more people find their fantastic products that the share price will explode. It will happen.
Just make sure to try with Citron. The flavored vodka is ridiculously good with Candy Apple.
Have you tried Candy Apple? On accident, we ended up mixing Candy Apple with Citron Vodka and it was amazingly good. Love their products alone and with alcohol. I still think they need to hit college town and bars for huge exposure.
I also wonder what happens with this company if something should happen to RC. They're so small and don't operate yet with a "large" company mindset.
Nice post. Send it to management.
I wish I had the same conviction you do with KGKG. I have gotten to be so skeptical that I thought maybe today's news was an April Fool's post. Didn't move much but good news better than the other kind. Going to be selling other stocks in my portfolio to cover bills and going to keep waiting on Kona.