Selling over and over below the ask for small numbers of shares screams manipulation. This is still a stinky pinky regardless of what we think of the brand and it’s potential, the trading shows us this. 2020 will tell the story for KGKG. This is fair value for a 2 million revenue GROWING company with NO DEBT!!!!!300k inventory and a 600k line of credit!!!!! Hard to argue that but I’m sure some will. I thought 2019 would see exponential growth and the rev would catch up with the hype the share price reflected...I was wrong.....it did not...but it did meet the companies own guidance...unfortunately the markets take was that this was not good enough for a 70 million market cap and ya know what...they were right...the markets always right...especially when the fundamentals don’t support the euphoric PPS.....that’s we have here....RESET.......at a depressing....but fair value.
BUT.....She meets 2020 revenue guidance of 6-8 million...she is 18-20 in my opinion based on fair value. IF rev goes from 2 to 6 million....you better believe she will attract new fans and the speculative multiples will return. And then the process we just witnessed will repeat...I am better prepared now....
Lastly,
mom and pop distributors are not the future....the big boys are....only they can bring 6-8 mill revenue....anything less will be catostrophic for the company....I think they know this based on reorders....2nd Q was a mom and pop distributor anomaly unfortunately and none of us knew what headwinds we were dealing with....again....I was this close to an Albertsons deal....I think RC and company will pull it off for the Kona Gold line which is the bread and butter until Mitch RAMRODS CBD from hemp into full legalization. I do see it coming. I live in vegas and recreational legalization of marijuana has not changed the community one bit. CBD is sold everywhere....saw it even in a hospital gift shop for a bit....was kind of shocked at that and it’s now available only if ya ask....but everywhere else....no one bats an eye.
The fact of the matter is she is a penny stock with penny stock traders going in and out....some for great profits, others for hopefully not great losses..(ahhh, empathy....so underrated and lacking by some)......but real losses nonetheless. I’m red now too. I paired down by 2/3 but only cause I moved money elsewhere on a hot tip and a ton of DD. It would be uglier right now had I not...no apologies...I paired down mostly in the 7’s and not for a profit. I’ll be back in big time and kind of hope she holds this level for 2 months. I think it will barring major news. One thing I guarantee....the next big distributor news release starts the upward trend and ya won’t see 4’s again. Period. If we don’t start seeing this...I’ll be all the way out and the company will be done...I’m thinking it will be more like I’m sitting on a ton of shares right before April 2020. Either way, I’m currently sitting on a boatload of Kona Gold cans...party at my house!!!!
Good luck and a rocking 2020 to all, let it be the 1920’s all over again......
Lem-
Ps. I have a grotto and an English pub in the house. Party on! Vegas 2020!!!!
