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Maybe they should include a share of stock with every can sold LOL
In the past, they have eliminated some debt through issuance of warrants, or by giving debt holders a lot of shares, resulting in further dilution of the stock. In one instance they promised a debt holder a huge portion of profits from future sales of product. I bet that one is pissed.
In any case, I do not believe it will be good for current shareholders.
Close the doors, declare bankruptcy, screw the investors over one last time.
RC and his crew can turn off the lights on the way out.
Hold this one until they discover a promising drug candidate, then play the spike and repurchase on the subsequent slump. Ofc, if they do start identifying promising drug candidates, then it could just keep going up, after proof of concept is shown.
Further retreat, as tech markets are experiencing pullback this week. Long-term will be up. Waiting for next release, hopefully showing more Saudi share acquisition. This is a short squeeze waiting for a player.
5s are not far behind IMO.
I would rely on historical trends to choose between those two explanations. Enough said?
"High demand" would indicate there are sales. Has anyone here seen it for sale anywhere?
Five times zero, still equals zero.
This company does have a history of trading stock and warrants for financing, so good point.
When will the roadside test devices for detecting drugged drivers actually hit the streets?
We will see 5 again
The electric vehicle, and green/renewable energy economy future is in jeopardy with a climate-change-doubting administration. Subsidies will be cut as first order of business.
Sssshhhhhhhh
Sound of the air running out of this bubble.
Defying Gravity, pun intended.
Promising news, as Omega is working on detecting delta-8 and delta-9.
I care less about the people getting taken, and more about the frauds who are doing the taking. It will continue, as long as there are buyers, and my words will not sway anyone.
If you make some money on the swings, then good for you.
Here is what happened, you and many others believed their continued line of BS and may have bought more of their printed shares, based upon that announcement.
Then management, pushed the additional income into the books and most likely, took some of that money to pay themselves handsomely.
The rest of the money probably went to keep the lights and printers on, until the next OS increase. Rinse and repeat.
Back to .0006 again IMO.
Per your statement, "I think they are now at the moment where only real results ( products, $, websites, mgt, plans) will matter." That moment was a long time ago!
So, they have missed another busy drink season and associated Holidays.
I do not think marketing or due diligence are in their repertoire.
They are very good at adding shares and dilution, though.
Hope is not a strategy.
Could be cheap warrants being exercised, awards to insiders for coming on-board, or just slowly fed into the retail stream. If it was warrants, or employee incentives, they may show up in the next disclosure. If not then retail suckers probably bought them.
So, what I am reading from all these comments, is that there is continued mismanagement on all fronts.
Like a balloon?
And the shell games continue ...
Looks like the blind optimism is running out, even amongst the most staunch supporters.
If the debt wasn't so high, I would think that a buyout for their IP would be possible.
Look at the recent takeover, from Pepsi, of 2nd place by Dr. pepper.
DP did not acquire, they did a complete makeover and introduced new and exciting flavors, in order to capture a new consumer base.
Coke is been divesting brands that don't sell.
Takeover rumors are unfounded in the current market IMO.
Circling the drain.
Hope you catch a spike with that strategy.
Missed it by a week. All downhill from here.
So, diluting existing shareholders' equity and cleaning up old debt?
Wait for the other shoe to drop, as I expect they will rack up new debt, for the purposes of getting into production.
Rinse, repeat.
Seems like there is a broken pump in the KGKG machine.
Looks like the same juggling and swapping game being played with KGKG. Multiple companies playing shell games with funds and assets IMO.
Which shell is the profit ball hiding under?
Just what this one does. News release and subsequent spike, then it drifts lower for months. There is a definite need for roadside MJ testing, so this will catch on eventually.
Hahahahahahahahaha
I agree. Time for a good housecleaning.
Seems like a few people in here are finally getting it.
How many more shares will have been printed by the next disclosure?
Do we see .0005 on the horizon? The scams can only support price for just so long.
Unfortunately, accountability of management in these companies is highly unlikely. The "forward-looking" disclaimers put the risk squarely on the shoulders of investors.
Short of something outright illegal, that SEC or DOJ can finger, they will get away with their ill-gotten gains.
I lost a bunch on this one and am sure I am not the only one. I snuck in and out a few times, on the hype, to get some money back, but still at a net loss.
GLTA.
But, but, but, why would they not want people to be able to find anything of substance about their operations?
.0007 by next Friday, is my guess. All downhill from here.