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Thursday, August 07, 2014 2:45:16 PM
MRIB is benefiting greatly today from the news and third party promo. Looking forward to a nice run ahead in the weeks to come.
Unfortunately it's accompanied by confirmation of the less publicized negative news that longs would like to keep under the radar and muffled:
No national advertising coming soon
No new containers shipped
Costco out of stock and no news of restocking
Horrendous weekend promotion at Costco with little to no product
Marani shelf space at Costco replaced with new SKU
No Dan Senters sightings
No distribution points outside Southern CA
$200K a month burn rate
$30 million accumulated loss
Severe dilution over the past six months
Incredible loss on PPS over the past three months
Zero cost basis holders selling off
No financials or sales numbers forthcoming
Continue to be a non-reporting audited company
Not looking so great.
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Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM