Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
They are expecting to break even this year for the first time in their history and turn a profit next year.
They have 1 billion in contract backlog and another 2 billion in unfunded contracts from the government which cannot be included in financial reporting yet.
So glad bailed and took the loss here a few weeks back. Made it all back in other plays. RM is garbage.
Well if you bought $20k worth it becomes something worth paying attention to.
You do understand how stocks work right? The stock price is not actually the value of your investment. Its the number of shares you purchased times that price.
I'm concerned that you don't understand this.
Lol the faucet will never be off. Thats the point.
And by intent...
WILDY different companies. Zero comparison.
Thats insane. R/s will be followed by decline in price. Noone in their right mind will buy this trash after a R/S. Wait a week or two and get it much cheaper.
So glad I sold out at .009...and I thought taking that loss was bad!
I'm out. Dilution with no end in sight. Sold off my position. Going much lower imo.
Coca cola CEO on cnbc right now. They are down 25% during lockdown. Said so far the reopening has not shown a substantial increase over lockdown numbers. Slow to restock product. Not looking great for beverage market atm.
I'm not saying the company is crap. The stock, however, is for the moment.
Always better to take your money somewhere it can make a return.
Kgkg will have its day, and I have alerts set so I can jump in when that day comes. It just may not be for a long while.
Thanks. You as well.
I agree its makes a great mixer. I like it with vodka.
Of course you should sell. Why wpuld someone invest in something that isn't making you money?
I'll be back if RC and crew can figure out a way to turn around the year long decline. But until then this has done nothing but cost me money. So many opportunities in the market right now that its almost criminal to waste capital here at the moment.
I'm up 35% in my trading account this month. Would have been up alot higher if I had sold this bag of crap earlier and reinvested those funds as well.
Sold my remaining 129k shares so I am finally out. Made up my losses in NRGU over rhe last few weeks so thats been nice.
ALERT set for when this goes back over .03. Not expecting much to happen here short of a large deal being announced.
May go lower from here more investors sell to chase equities that are actually moving. Just too much action in this market to sit here making no return.
Good luck folks.
It HAS been moving. Down. For a year. Lol.
The lockdowns started mid March. NOTHING before that stopped people from buying these drinks.
This stock has been declining for A YEAR.
The pandemic isn't the problem.
Lol delusional. This will lose .02s next week on that awful report.
Wow in a vacuum that number seems awful. Especially as there was no coronavirus for 75% of q1.
After hours Friday releases are usually when you release terrible earnings.
30 million unemployed means alot less disposable income. Food and basic supplies come before weed drinks. No way q2 is good.
Not feeling good about this either. We know q2 will be a disaster as well. So by the time we get q3 earnings, this will be sub penny and anyone still insane enough to be holding will need a 2000% turn-around just to crawl back to their cost basis.
Well...that was wrong. Down she goes.
Kicking myself for adding another 500k
Its breaking out in the wrong direction....
Except that they don't. But whatever boogeyman makes you feel better.
What makes you think "MM"s are holding it down. What market maker gives a shit about a sub penny stock?
This is retail and shitty little equity shops working out of garages.
Crazy. Really want to see this run like mad.
Looking like about to be #1 on pump and dump boards.
Lol....going the wrong way.
Bingo. Rejected from penny land. Going much lower.
Not saying they are a scam. Just poorly managed. Awful marketing. Lack of distribution/coverage. Poor packaging for mainstream distribution.
Disagree that selling pressure dries up. This is headed for sub penny flipping land. Like so many others have. Once it breaks below a penny it will likely never recover above.
I agree about the PR thing. That doesn't seem to be a needed catalyst here. Thanks for the bull case argument.
Why?
Q2 is garaunteed to be dismal. Its the heart of the lockdowns. It is what it is.
Correct. People here seem.incapable of understanding that the company and stock don't have to move in concert.
Kona and Gold Leaf may do well and the stock price can remain suppressed at the same time.
They are a small player in a crowded space with TERRIBLE marketing and awful market penetration.
People think this is going to appear in big box stores but that shelf space is controlled by Monster and Bang and friends. The odds of making it there are not good, especially with the idiotic marijuana leaf on the can. Abysmally stupid packaging if you want to go mainstream.
But I digress. The reality is that Robert Clark has shifted focus, rightfully, to Gold Leaf as the flagship business, because he recognizes that Kona will only ever be a fringe energy drink.
Unfortunately distribution is a dime a dozen business and it isn't going to move the share price. But it will pay his salary and be a functional small business.
Good luck in your next investment!
Not flippers. People abandoning their positions. Sub .03 and its over for most folks.
Uh nope....its gone.