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Ouch! As a result of the forgoing, the net loss attributable to Kisses From Italy Inc. for the year ended December 31, 2021 was $4,942,113 for the year ended December 31, 2021 compared to a net loss attributable to Kisses of Italy, Inc of $3,709,402 for same period ended December 31, 2020.
No wonder people are selling. This puppy does not look good. I'm expecting to lose my full investment.
So, what good news is everybody waiting for again?
Response from KITL:
Hello Brett,
We are aware of the current share price and trading activity but I can assure you that the Company is working hard to remain on track to confidently execute our business plan. Our relationship with key strategists such as Fransmart remains strong. The Company has been working closely with Fransmart to build the proper foundation, so that, in our opinion, the next steps taken are the proper steps in order to reach our intended targets. Given the market challenges in the last few years, especially for an emerging Company like KITL, as a Company, we have always mentioned that the most important thing remains to move the Company forward on a solid fundamental basis and not short-term goals.
As I am sure you are aware, I cannot make any forward-looking statements but the Company may be issuing an update on current affairs in the near future.
As always, I appreciate your concern.
Kind regards,
Claudio Ferri
Kisses From Italy
CEO and CIO
I've sent KITL an email regarding their share price and asking what plans they have with their investors' money. Let's see if I hear back...
What a nightmare. Sub-penny now, with no sign of slowing down.
The company itself and its leadership.
Well, where's the good news? The management doesn't communicate anything, and the stock has been tanking non-stop.
That's BS. You CAN blame the company and their inaction and lack of communication.
Same thing I've been saying. Worst stock I own.
It's clear that none of the people who keep saying "something big is coming" are reading the actual SEC filings.
Hopeum is NOT a strategy.
No communication to shareholders, bad signs in their filings. KITL was a mistake to invest in.
Censoring people like Twitter. That's what this website is all about. Only good posts about stocks, no realistic ones. That makes the information found here dangerous and high risk for people that don't know what they're doing.
Hopium is NOT a strategy
Management needs to step it the F up. This one was a mistake. Too much faith that they would communicate better and make further progress by now apparently.
No good news in this video, only solid challenges. Additionally, telling your investors that you're more interested in building long term vs short term gains is a false dichotomy BS excuse for the investors who have been watching their investments drop drastically for over a year now. It doesn't have to be only one or the other.
The more it drops, the higher the risk to each investor. How much risk without steady, progressive updates/news should KITL expect of their investors? Should I invest $100k only to watch it drop to $5k and hope that they can turn it around for me to make my money back in several years' time?
As I mentioned before, there is no clear support here. KITL just keeps on dropping and will continue to. I'd suggest waiting until support forms prior to investing. We're likely going sub $.01 unless they can find a way to bring more interest to investors.
You want to post that stuff but ignore the declining revenues and this little nugget:
"On a consolidated basis, the Company has incurred significant operating losses since inception.
Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern."
The pumpers on this forum are funny. None of you read the 10-K, did you?
Another day, another KITL drop. If you liked it at $.10, you'll love it under $.01!
KITL is cratering
I'm not comparing options with actual franchises. I'm simply asking where the traction is, while pointing out that 5 Guys clearly had some within that 18 month window.
Steady decline with no clear support for over 1 year now. This month marks the 1 year anniversary of their contract with Fransmart. How many franchises sold? What are the benchmarks they're working towards? Where are the updates on progress for people who have given their money?
From 5 Guys story page:
"Early in 2003, Jerry and Janie, together with the “Five Guys,” began offering franchise opportunities. In just under 18 months, Five Guys Enterprises sold options for more than 300 units."
I'm not expecting these exact results, but where are we?
Well, considering it's been on a steady decline for over a year now, I'd say that people will also have a chance to get in at 1 cent soon enough. Especially when they are providing no updates to their investors.
Yeah, I'm starting to think that all this "patience" talk when it comes to KITL is just so people can continue to bleed until the money is all gone. We need some f*ing updates with where investor money has gone.
This is not true. In fact, the inverse is true if you actually look at the filing.
KITL, you're killing me. Been trending down for over a year now regardless of the news that comes out.