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The problem with VATE was that God awful CBD ice coffee. The Elevate tea I tried was actually very good. I am not sure about their other products. They are also highly priced. I never felt good about them.
Kona on the other hand, people rave about. The product is excellent. I also think HighDrates are their best products but not as many people are into it.
That isn't always true. You should read up on the matter. KGKG is in a situation where it can and will help.
A reverse split in ways is no different than authorizing more shares. Either means for dilution, though a reverse split is often used to raise the share price. I am not sure which is better.
I am still holding as I have bet everything I have and then some on this company hitting it big. I don't even need Monster gains and at times, just wanted my money back as I am 50% down overall.
Things sometimes look bleak and then it bounces back and there are always valid reasons for what transpires with this company. Good luck to all you longs. I feel a kinship with you and looking forward to a celebratory party toasting with Kona products.
I never could quite understand why the "new" S1 was necessary since it is typically for the initial registration form for new securities. Now we know. RC seems always straight forward in a vague way sometimes. As per his tweet, big things ahead.
At $3 million in revenue (with profitability or near profit a factor as well), this is a .06 stock. It looks achievable. Hopefully there also will be no more dilution.
Crossing my fingers the $6-$8 projection is real that will have to happen in the 3rd and 4th quarters.
Would love to see a public figure endorse the brand. The HighDrates are still my favorite.
It's not cash. It's a note receivable that isn't even on the books because it could have been misleading. It is simply listed as a footnote disclosure. If they would have booked a receivable, they would have had to book a huge gain in the income statement. They have determined that the collection of the note is nonrealizable.
KGKG exchanged their shares for $1.5M in cash owed over the next 10 years.
Thanks for the detail. Basically they have decide it is worthless and misleading to include on their financial statements. I think that is rather transparent and upfront. What you see is what you get with this company. Great products, clean financial statements, key management personnel in place, and no pumping.
Except the note is not on the books. Not sure what happened there. I expected an asset to be recorded.
Looks like you were right. Let's keep it going.
Bid support is solid and growing while the Ask is fading; I have a price target of .037 - .04 on a breakout.
Good times ahead,
Knife
Got to love it when farm equipment and other noise goes quiet.
Done on a lark. Guess it is better for RC not to tweet at all if not a major PR.
I'm into this company big time. Depending on cash flow, I can see a reverse split and then some more dilution. As long as the dilution makes sense, I'm good with it. The sooner they are on target with the $6 to $8 million in revenue, the less reason for a reverse split.
Who tweets about restocking one cooler. This isn't toilet paper we're talking about. The losses are a concern. Six to eight million of revenue will take care of those losses. SO question is do you have faith in management or not? Nothing bizarre.
You have to try Candy Apple Kona Gold with a Citron Vodka. Holy Moses, it is unbelievably good!!
I respectfully disagree with you that KGKG is crap. I do agree there are better short term plays currently out there, but hard to pick out 10 baggers which I believe KGKG will be (depending when you got in of course).
I do agree with a previous poster that there have been other opportunities out there recently, especially when the pandemic lockdowns went into effect. I put about a half dozen on my watchlist and they all have doubled with one being a 5 to 6 bagger. I have everything tied up in KGKG so it has been a little frustrating to watch. But I do firmly believe that this stock will hit some tremendous heights in due time. I sometimes wonder what I would have done if not part of this forum.
On Facebook I avoided all the hyper-positive talk on ACB and luckily sold at over $8 or $9 a share. That company never made sense to me. This company is as clean as a company as you will ever come across. I think the KGKG forum on FB has its share of negativity that makes no sense; people bashing and claiming they do not own any shares. If you don't own shares, move on!
KGKG hits 6 cents with $3 million in sales. Surely that is attainable. In between, I think it will have a another 10 cent run in her that will hit a new high which will make no sense but I will take it.
Less disposable income, but people always continue to drink alcohol. Kona Gold is an incredible mixer in that regard. That's how I was first introduced to Red Bull in the late 90's or early 2000. Good luck to us all!!
I'm in if you'll have me. It will need to be a big boat and it better be stocked with Kona Gold and HighDrates!!!
It is not a sub penny stock. I don't think it will ever be again. The price is exactly where it should be. This is simply a very small company at this time. 3 million in revenue and this is a .06 stock. PPS is all revenue generated with this company.
Great products with the energy drinks and future exposure for HighDrate will help the company as a whole. I and many others can attest they feel better after drinking it. Flavored Storm with CBD (hopefully they increase the amount of CBD) in it can only help. Not sure how well Storm is selling. No scheme here. Mark it.
Here is a link for an interesting article regarding cannabis sector potential bankruptcies. Particularly interesting is the rating they gave to Monster. KGKG has no worries in terms of bank debt.
According to Altman, scores of 1.8 or below indicate a risk of bankruptcy, and scores over three suggest a sounder footing. For reference, Goldman Sachs recently assigned energy drink-maker Monster Beverage (MNST) and Facebook (FB) Z-scores of 22.7 and 11.8, respectively.
Which Pot Stocks will Survive
I found the loss to be higher than I anticipated. However, $811,000 is related to professional fees. I am sure the audits are included in those numbers as well as legal expenses tied to the up-list. We will know better with 1st quarter release of financials. Hopefully we will see more funds budgeted towards marketing and advertising.
The company literally has one of the best products in the beverage industry. Most people (everyone I personally encountered) like their energy drinks and waters immensely. It may take longer than I expected but still think this is a dollar stock in the future.
Curious if you have even tried the company products.
Thank you for sharing this.
I have to agree with the company response. I believe they have been very transparent with what they have released. Being transparent means accuracy of information as well. The audits and up-list for the sake of transparency costs the company anywhere between $60,000 to $200,000. It isn't cheap.
This is a 6 cent share price at $3 million in sales. I believe they have said revenue is forecasted at 6 to 8 million. Solid marketing and advertising would send this company to nice heights.
Why do you think this company is a scam? The pro's have been listed ad nauseam. What are the con's?
My biggest worry is management succession after RC.
Robert Clark could certainly walk away now and have a nice retirement. As for other employees, I don't think what they were given would be something to retire on. They have some serious incentive to grow this company. As for the share price, I still don't think it will go up dramatically with the up-list complete. It will be all sales generated and profit is obviously a plus. I think you're looking at .06 with $3 million in sales.
I don't think a major increase in price share is going to happen because of the up-list. It is simply going to require more revenue.
Nice going and good moves. I keep waiting too long to sell. My exit for 30% of my position was .05. Of course hindsight is 20/20 and probably too bullish.
But dang, this company is not a pump and dump and amazes me it is not trading on a multiple of revenues since I really think this company is solid. I still think this product needs to hit a lot of bars and alcohol industry / liquor stores to blossom like red bull did.
If you can wait, I think you will be rewarded.
I saw that note and I have not had time to research it. I don't agree with it at initial look. They must be taking a position that earlier statements needed to be corrected/restated in regards to that investment. It can't just disappear.
Dang Knife, you are thorough. Had to look twice for the OTCQB Venture listing. Alleluia. Finally going to get all our audits and up list completed!!!!
He must have sold his position if he believes it is going to the 2s. He times everything perfectly.
I agree that he a decent guy and eventually delivers on what he says. However, he could explain delays that occur. The audits took a couple of years before being completed as well as the up-list process. I believe he released PRs related to things like audits and up-lists before fully understanding what they entailed to be completed.
Bottom line, he has lots of his money put up for financing, has retired his own shares to help shareholders, has a fantastic product, and is not dependent on issuing additional shares to survive nor is tied to bank loan obligations the company could possibly get in trouble with paying off. The Company is transparent, has "clean" financials and has a lot of things going for them that minimizes their going concern which is a judgement call by the auditor. In KGKG's case, the auditor covers their ass by issuing the going concern.
I have yet to analyze why their costs got so high beyond revenue. I felt in the past that they always were reasonable with cost management.
Thanks to those sharing pertinent information for decision making.
The complainers will apparently be leaving us as to them this stock is worthless and they should have no positions or desire to buy more since they believe this is a poorly run company, or a scam. You won't be missed.
Where do you see this? It shows it is still PINKS
There is not going to be a reverse split. There is absolutely no reason to have that happen.
The company has a going concern slapped on its audit report. That isn't going to help us in the short term. The footnote seems to have a contradiction though.
Since the prior year ending December 31, 2018, the Company has continued to gain market share in their respective markets. The Company saw a 1,800% growth in sales over the year ending December 31, 2018, and the Company has successfully expanded their operations to include Gold Leaf Distribution LLC. Furthermore, the Company has acquired key sales representatives.
These factors raise substantial doubt about the Company’s ability to continue as a going concern.
I am not sure that last sentence is correct as the preceding sentences are positive sounding.
I am still trying to digest all this and there is lots to contemplate. I do not think the Going Concern is dire under the circumstances. As long as they do not dilute the company any further and grow exponentially, we will be alight. I think marketing is key to growth. Otherwise this is just a nice small company that benefitted its main owners by going public at the cost of its original shareholders (meaning lots of us long term owners on this board). Still seems like an amazingly small amount of "beneficiary shareholders".
Quick Annual Report review
Revenues, net of returns& allowances $1,631,653
Net loss for the year ($1,786,021)
I don't see the Note Receivable from VATE. Need to analyze the footnotes.
Accrued stock compensation - I don't recall that being there before. Need to look at past filings.
LOC - related party :: Not a surprise. Nice rate for the Company.
RC putting his money up is a nice sign.
Lots more to look at. Still a relatively clean company. Lots of potential in my opinion. High to determine the change of focus with small shareholders/distributors and new focus on established distributors.
Annual numbers are out
2019 Annual Report
Count me in as another a bit disappointed with the 4th quarter sales. I'm anxious to see the full financial statements to evaluate management. I am curious how they treated the forgiveness of debt in 2019.
Can anyone explain what is a beneficiary shareholder in more simple terms. I am not fully understanding what I find on the internet. Per the OTCQB Certification, there are 12,844 Beneficial Shareholders of at least 100 shares. That sounds incredibly low.
I do find it encouraging that key personnel have no more than 10,000,000 restricted common shares. If they are there for the long haul, I have to believe they are highly motivated to grow the company.
Looks like he is trying to accumulate more at lower prices. He believes in this company bigly which is evident by his constant posting here on this board and no other board.
There are some amazing opportunities out there if you choose wisely. Wish I was wiser.
It is kind of like when you limit your postings when we are in the green.
In regards to your comment, "As for the Fidelity comment, if you have the funds in your account to cover your margin position, then you didn't need to use the margin in the first place."
I rarely have cash positions. Probably not a smart thing. I will time to time buy on margin while transferring monies from another financial account. Seems the last few months have all been those types of trades. The transfer has to clear. However, I am able to buy on margin even though the transfer hasn't cleared. I do know each financial institution has their own rules. Fidelity seems very fair. IB is not. Sucks they sell stock on you because the share price went down. You get double whammed.
All in all, I agree with you, especially regarding the short sellers. That whole concept is BS in my opinion.