Revenues are growing but not beyond their forecast. each time they talk about records, in the end still will hopefully hit forecast of 2.5-3mm.
Question
Kona Gold Beverage Nov was $236,000.
Gold Leaf was $183,000
is that within the 238,000 or additional? Dies that mean Bev sales of only 56k?
The pr talks about numbers for Gold Leaf into 2022, yet nothing for the core Bev biz? Is this a distro company or beverage company? The Gold Leaf biz is good, but not high margin and sells more other peoples products than Konas own.
Key management critique
Requested a shareholder presentation outlining future, share profile, specific road to profitability ...the standard you see from MANY transparent companies. They twice wrote back saying in the works - over a year ago.
Requested them to address shareholder concerns re share growth, and mgt commitment to shareholder value, path for profits and value opportunity ....for CURRENT retail holders- not having to hunt through Q's to see fine print of complex funding deals. Crickets
The point being mgt interests are NOT aligned with current retail holders. They ARE vgrowing the company, but investors must be aware that growing a company and growing share price do not always go hand in hand.
They are still not profitable. They talked about many hires, yet no details or fan fare on any of note that might suggest a team of experienced pros. The Lemin mgt team needs to be paid. Point being that revs are growing but so are operating costs. And company does not address what is the most essential need...a path to profitability. In the absence they need to continue to get funding....and likely will need to issue more shares.
The issue is the company can grow but still not be a good investment. The co totally avoids making a shareholder investment case. Lest any think that is their style, for those who followed from outset RC had in his first year a full multi year investor plan, did stock awareness broadcasts etc.
Also lest some think Covid was the entire set back...study the fall preceding...with declining revenues and no answers.
This is not a fan club...it is an investor site. LOVE to hear the co talk about shareholders, share value and opportunity. ...hello?
