Kona Gold Beverage Inc (KGKG)

[Luho]

I agree. So far it seems to be mainly retail selling at the number (5). My assumption is that it became the range we settled in due to the retail investors who wanted to move out near that number (not the note holder).

For example, when the S1 was released, I made a post about how it should be easy money to buy at the current levels (I believe it was around 3 cents) and sell at 5 cents. For no other reason than the warrant number. I’ve actually traded big board stocks just like this in the past. A technique somebody else pointed out to me. Wouldn’t be surprised if that’s part of the retail selling around $0.05. Sticking to their plan. And the way it’s holding, should be a very good sign for long term investors. Just another launching pad, like we got from the trading in the $0.03 range.

But for full disclosure, I did notice CFGN come back on L2 at $0.10 ask-side on Friday. So, just something to monitor for now. Wasn’t an issue Friday.