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Today is a beautiful day. Loving the low volume run-up. Shows there are quite a few of us that know what the future holds and have a vice like grip on our shares.
I must say that I am pleasantly surprised to see that we smashed through $1. I thought there would have been more profit taking. $400mm PR, NASDAQ up list and all the other great news must have gotten people to reconsider their positions.
Edit - 600k volume is pretty good for KAVL but I still think it is low for the move we made and illustrates that people are holding.
I'm rooting for this prediction to become reality. I think KAVL will far surpass the conservative estimates that I laid out for myself.
All Time High... sorry - Got a little pedantic in my excitement.
I was thinking the same thing. L2 Ask is really thin. CDEL is the only thing holding us back from flying high immediately.
At this point I am convinced it is actually Citadel just doing market maker things rather than an actually seller.
Shell\RM NEWB but Paul Moody believer checking in. What brokerage allows you to buy shares in a company that isn't current with their reporting? Fidelity tells me to kick rocks.
What brokerage allows trading in dark companies that are not current with SEC reporting?
Fidelity will not allow me to scoop up any shares in Shells/Pinks that aren't currently filing.
I'm new to this type of speculative play so it's totally possible that there are simply other hoops that need to be jumped through. Forgive my ignorance.
Indeed I have.
What brokerage allows trading in dark companies that are not current with SEC reporting?
Fidelity will not allow me to scoop up any shares in Shells/Pinks that aren't currently filing.
I'm new to this type of speculative play so it's totally possible that there are simply other hoops that need to be jumped through.
I'm telling myself Niraj reads the board, saw GME is way down, and is buying me some time to get as many shares as possible.
One and the same for last quarter of the year.
10K Delayed
SEC 10-K
I want KAVL trading in the clouds as much as the next guy/gal but at this very moment I am loving the drop in price.
My GME gamble is paying off and I am relishing every moment the earnings aren't being released so I can peel more money out of GME and funnel it into KAVL.
We are still unknown and overlooked. Great things to come.
I have been singing KAVL's praises to those in my circle as a great investment opportunity. I received some information through that grapevine that I thought everyone here would appreciate. Someone a couple levels removed from me was tipped off about KAVL and they kicked it over to their broker as a potential trade. The following is part of that response and indicates, to me, that no real DD was performed and "professional money" isn't interested in even investigating a stock until it is on a respected exchange.
Amen. Feel this is relevant.
L2 Ask is a ghost town. Hopefully RLX IPO and today's movement has hardened the resolve of these sellers. With such a small float this thing could explode if a large number of people were steadfast in our belief that multi-dollar is a foregone conclusion.
RH doesn't do OTC's. We would be killing it if some of these smartphone brokerages could get in on the KAVL train.
Laying the ground work so it is an easy move when the time comes.
This tells me that the 10K will show yearly revenues in excess of $90MM. This is the only path that will allow them to up-list this year if the PPS requirement is met.
If $90MM wasn't met I'm not sure why they would take on the legal costs right now. I do not see another avenue for up-listing in FY21 without it. This is based on the assumption that it doesn't take 12 months to file the paperwork and receive the appropriate approvals.
HAHA. I'm support the point you were trying to make.
ADDYY? :)
I think it's the simple fact that the rally loses steam and people get antsy. There is a relatively small float for an OTC so anyone that wants out has to chase the bid down.
Let's also not forget that we're still up 62% from last week.
I don't think it goes that low again.
We just suffer from a lack of interest and no volume (relatively speaking) which I don't get. There's numerous pennies moving to multi-dollar because of exciting speculation yet we can't move the needle on take it to the bank revenues.
The next 6-8 weeks should be nice with 10K and 10Q for Q1 FY21. We needs some other news/catalysts to trickle out to buoy the stock price thereafter or it is going to be a long 90 days for Q2 results.
Looks like the board is just Niraj and Eric.
https://www.marketwatch.com/investing/stock/kavl/company-profile
I'm honestly not a fan of their compensation structure. Based on the recent raise and previously announced cash incentives Niraj will make ~$650k, excluding the value of vesting RSU's, if they hit their $400M projection.
This is because the board (Niraj and Eric) voted on a plan to award Niraj and Eric $30k and $20k cash bonuses respectively for every $25M in gross revenues.
Allow me to be perfectly clear.... I am 100% on board with someone that is helming a $400M business receiving $600K in compensation. What I am not a fan of is taking that compensation when you control 87% of the company stock. I am also not a fan of taking that compensation when, as of this writing, the majority of $100M in revenues generated goes directly to a company that you own.
We have no idea what kind of money they are or are not pocketing from BIDI VAPOR.
It's my opinion that they should be taking a $1 salary from Kaival Brands Innovation Group. KAVL succeeds and they generate unimaginable riches. No need to double dip.
Cash Bonus 8K
8K is out. Leaders getting a raise. Would love to know who is sitting on the board.
Also - Not sure about the 500k shares to "Trending Equities." Looks like a company of 1 on LinkedIn. Surely with the Morgan Lewis and Spencer Stuart news earlier this week they can find heavy hitters in the investor awareness space.
https://www.sec.gov/Archives/edgar/data/1762239/000173112221000077/e2366_8-k.htm
Another 8-K from Tuesday has them issuing 1 Million shares to Inflection Partners who hosted the conference they were just on.
https://www.sec.gov/Archives/edgar/data/1762239/000173112221000059/e2360_8-k.htm
Inflection Partners' founder, Eric Dusansky, also appears to be in charge of IR for KAVL now as he is listed on the Morgan Lewis PR.
https://www.bloomberg.com/press-releases/2021-01-12/kaival-brands-otcqb-kavl-innovations-group-inc-announces-engagements-with-spencer-stuart-and-morgan-lewis
The future is very bright long term. I am tempering my expectations re: movements due to the 10K. I fully expect a blockbuster Q1.
I'm kind of torn on this. I think the 10K is going to be exactly what we are expecting and will cap of a great first year of revenues.
I believe that the 10K is going to be "underwhelming" to all of the individuals that have recently taken notice and are holding it up against the $400M in 2021 PR from last week. I think Q1 FY21 is what will be the real catalyst to prove to newcomers that their results match up with their aspirations.
I am basing this belief off of what happened in September leading into the Q3 earnings...... Everyone got whipped up into a frenzy with astronomical expectations that couldn't be met and the stock price suffered. Now we have a $400M forecast, which I believe in, but the 10K may not contain any information that makes it plausible for the masses.
I concur but I'm thinking it trades sideways a little higher around $1. While there is a lot of enthusiasm on the board I'm hard pressed to believe people aren't going to take SOME profits if you have a significant position from <$0.10 and are up 1000%+.
Still a possibility but I think it's probably less likely with the $400MM PR they released last week.
Only option I see for it happening in 2021 is if Q4 is a monster and gets us over $90M for FY20. Then all they would need is a $4 price and we could up list. Absent a monster Q4 I don't see it happening until 2022 at the earliest.
Probably lost a couple bucks this week if that was their game plan.
Good read. Appreciate the share.
I would certainly like to see it. You and I have gone back and forth on multiples a couple times. I could see 50x if they keep doing great things and the market gets whipped up into a frenzy over them.
My post was really to temper the "$5-10 this year" comment and illustrate just what that would take. They would need 90(ish)x to get to $10.
With the recent news for expected revenue I think $2-3 is a more realistic estimate for '21..... Which is phenomenal in it's own right. Wish I had more capital I was willing to risk.
I also noticed ASCM for the first time. No idea who they are though or what it could mean.
Was any reasoning provided for the prediction or just throwing numbers out? On $400M rev, 8% net income, they would need a 50x multiple to hit $5.77.
That's a bold prediction, cotton.
HAPPY NEW YEARS!
I wonder if this PR means we won't see earnings until the end of the month...... This gives them something to talk about at the conference while not rushing the auditors.
They have until the end of January to release the 10-K. It would make tactical sense and we are all hoping that they release the 10-K prior to a conference they are speaking at in January.