Replies to post #62888 on Kona Gold Beverage Inc (KGKG)

[traderwil]

Pick, the 2 million shares from one seller that you mention could have come from the company. We know the float increased from 215M at 3/31 to 233M at 6/30, so Mr. Clark likely prefers to sell stock on the open market instead of incurring debt. If true, his 2 million share sale would have netted about $20k. Interesting that the annual fee for OTCQB is $10k. It's possible that the sale at market prices was to generate cash for the OTC Marketplace upgrade as well as CPA and legal fees. Just tossing this out as food for thought. GLTA