Kona Gold Beverage Inc (KGKG)

[TucsonPhil]

Right. Forget about the reverse split probability. Looks like that will be a huge 1:X ratio to get the share price back above the deficiency waterline.

I have been analyzing day trade stocks for the last few weeks. The pattern I see with all of them so far is that the reverse splits don't work to hold the share price up. They continue to dribble back down again.

The only thing that can make a stock go higher, in the long term, is good management and consecutive positive earnings. Note that positive revenues are not necessarily positive earnings.

This company has been pumping over YoY increased revenues, while they continue to lose over $7M per year.

All the reverse split will do is give them another year to lose more money and steal from more future shareholders.

I will continue to watch and see how it all plays out.