KonaRed Corp. (KRED)

[namtae]

News about VDF.

Well, here's how I read the important parts of this 8-K

1. VDFs note of appx $900k was converted into 13m shares @ .07/sh. That may sound good but I believe the conversion price before this amendment was significantly higher.

As has been KREDs custom, they convert straight debt into shares, so another 13m added to the outstanding. Cant say I disagree with this ..

2. The VDF warrant remains intact. The warrant is exerciseable into 10% of the company (fully diluted) @ .001 per share.

This was the biggie that needed amending. Not to be

3. Roberts steps down as CEO, Redfield takes on the role

No insight as to the pro's or con's to this

Finally, no news of any cash infusion yet