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In on both plus go*f
I think it may be quiet as well. Looks like they were more concentrated on future quarters and year. I mean Pre orders for one month besting the whole qtr!!!
Someone not nice they jumped my bid!!
Yeah I’ll go bid a little higher for it. I like it.
In this for a while, waiting patiently.
November pre-orders it’s not shipped orders!! my guess will not reflect this qtr. I think next qtr will be huge.
Up nice!! More to go!!
Just came across this. Why is it so hard? I don’t see people chasing it. Looks pretty easy.
Was on bid, no one hit it!! Good sign.
Ok great, thank you!! Can’t wait.
Does this mean it’s granted? hopefully we see what company come in?
Just found out the last CEO was Gary cioffi, he is on Facebook go ask him why he’s dumping.
Bottom line is we’re at .30 let’s stay here at least it’s not totally killing it. Frustrating yes!!!
We know right now it’s 6 million shares you have to go through that first, calculate what was traded in the last two months and figure what is left.
Be happy with the volume today someone ate it up. The quicker the better instead of dragging this on.
Yes it is confusing it’s all positive.....
Management plans to continue similar operations with increased marketing, which we believe will result in increased revenue and net income. However, there is no assurance that management’s plan will be successful due to the current economic climate in the United States and globally. At the time of filing this Quarterly Report, the previously reported going concern has been alleviated based on the reasons above, and management does not have substantial doubt our ability to continue as a going concern.
I think this clarified the going concern. From the 9-14-2020 10-Q
Going Concern
Prior to March 2020, we demonstrated adverse conditions that raised substantial doubt about our ability to continue as a going concern. These adverse conditions were negative financial trends, specifically operating loss, working capital deficiency, and other adverse key financial ratios. Also, we had not established any source of revenue to cover its operating costs. Our management funded operating expenses with related party contributions to capital.
However, on March 9, 2020, we commenced business operations upon entering into the A&R Distribution Agreement with Bidi, a related party company, whereby Bidi granted us an exclusive worldwide right to distribute the Products for sale and resale to both retail level customers and non-retail level customers.
In April, in connection with the A&R Distribution Agreement, we entered into the A&R Sub-Distribution Agreements with certain third-party counterparties, whereby we appointed such counterparties as non-exclusive sub-distributors. Pursuant to the A&R Sub-Distribution Agreements, the sub-distributors agreed to purchase for resale the Products in such quantities as they should need to properly service non-retail customers within the Territory.
With these agreements in effect, we have established sources of revenue to cover our operating costs and achieved net income of $3,721,069 during the nine months ended July 31, 2020. As of July 31, 2020, we had a positive working capital of $4,023,496.
Management plans to continue similar operations with increased marketing, which we believe will result in increased revenue and net income. However, there is no assurance that management’s plan will be successful due to the current economic climate in the United States and globally. At the time of filing this Quarterly Report, the previously reported going concern has been alleviated based on the reasons above, and management does not have substantial doubt our ability to continue as a going concern.
These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that we cannot continue as a going concern.
The unaudited financial statements filed as part of this Quarterly Report do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that we cannot continue as a going concern.
We are no where to be found, the company needs a better IR/PR company. There are companies that are losing millions and not even close to profitable And trades higher. Remember we are listed as a going concern. 3/4 of pink sheet and BB stocks are not. The company is guiding 50% higher in sales, plus I don’t think they’re adding in the pouch. We will know soon enough unfortunately that will be dec 15ish.
Yes, just read that. Wow, very strong statements. I imagine they are waiting for the stock to find a base. No need to do a press release either. I’m also guessing 50% growth without the bidi pouch.
Genius move!! I bought a little earlier a little higher price!! Still happy.
Seems like about 3 million shares were sold since the first 5-6 million were cleared. Need to get through the rest. Unless others see different.
The only one putting numbers in shareholders head is this board. The company never guided on revenue. It’s we that needs to relax on numbers lol. Plus with such low volume, I doubt anyone is expecting anything. Plus just went in and bought more!!!
Keys words....and growing
Based on Nielsen's 52-week data ending on October 17, 2020, via Goldman Sachs, the BidiTM Stick by BidiTM Vapor has emerged as a top five category player, having captured 7.4% market share, equal to $23.8 million, since launch. Dollar sales displayed industry-leading growth of 2333.9% during the previous 4-week period. BidiTM Stick continues to expand and currently has an absolute dollar market share of 11.2% over the last 12-week period.
Yes phenomenal news. Cheap is an understatement!!!
Wow!!! Bidi™ Pouch is an innovation toward a smokeless future.
It’s meant to provide the same nicotine delivery as other ENDS products without the impurities from traditional nicotine.
Together with the patented formulation from Kaival Labs, Bidi™ Vapor created a product that contains absolutely tobacco-free nicotine. Bidi™ Pouch also contains natural fibers, chew-base filler, and flavorings. Much like the Bidi™ Stick, the Bidi™ Pouch puts the customers and environment first.
Wow fancy meeting you here, I also own this. Reminds me of ka’l in the early days!!!
That has to be coming from company, what was outstanding from old was in the 34 millions already. IMO
Hi, they have nothing to do with anything from the past. Union square is old. That business is gone. There was nothing for 10 years so basically Zero zero to do with KAVL.
Can you direct to where your getting your information. This I think is a different company!!
Your a good man!! You are one of the guys that’s been around and knowledgeable. Hope people do feel comforted.
Again, thanks!!
Very funny I think we are on the same page!! Back in a couple weeks or so. Good luck all. Back to observing.
Your 100% correct!!! Also This just needs to play out, let the sellers sell. In time it will work out. Just a couple months. Yes frustrating!!!! But posting and getting pissed off everyday won’t help the situation. We all need to breathe.
Great and thanks for the answer. Now let’s all make money!!!
Just curious, Are you long?? seems from day one you have nothing good to say.
Hi,
May I add, no convertible notes either!!
Old Patel interview, and a great read!!
https://www.californiaherald.com/david-x-goliath-bidi-vapors-story-of-taking-over-americas-vaping-industry/
Hi it’s me again,
I have two thoughts.
1. If they didn’t think the revenue would be that good why give themselves
Major dollars for milestones.
2. If numbers weren’t going to be better this qtr. why up-list to OTCB now!
Imjustaguy
First timer here. Been following for a while.. saw this earlier today. OTCQB. https://www.otcmarkets.com/stock/KAVL/disclosure