Replies to post #61324 on Resonate Blends Inc (KOAN)

[DaubersUP]

This stock has no volume. 100k plus is a huge day which will change once the product is out there. I’d hope to see cards placed in purchase bags with KOAN ticker and posters within the dispensaries.

If they go big on this launch I’d expect new eyes and much more volume. This is an extremely tightly held stock.

If it goes up from .20 to .90 on very little volume and retraces easily on same. That shows you everything.

Let’s hope for an EXTREMELY WELL ORCHESTRATED AND PROMOTED LAUNCH.

KOAN

So many young investors are loving pot stocks and this one is not even a blip

[RMD1]

David gave me this email response on the 13th. It sounds like this launch could break the technicals

Hi Mike-

Thanks for the email. As shareholders of the company, we too want to see success and higher market valuations of our company. That is why we announced a Private Placement Memorandum (PPM) to raise capital through equity rather than taking on convertible debt that eventually needs to be paid back at much higher terms - or heavily converted into the market. As you know, we retired every single convertible note (most of it inherited from Textmunication). If one note would have been converted into shares, our OS would be well north of 100M shares today.

We will be making announcements on our PPM success and the launch of our highly anticipated Cordial product line this month. Companies are public to raise capital. We have kept our OS/Float intact while paying off convertible debt and reengineering the capital structure of our company. Insiders receive equity grants once our market value exceeds $100M, so we are in this together.

Our new PPM investors are committed to our success. We have brought on several high-level investment bankers and influencers from the cannabis sector into our PPM. They want our equity (stock) instead of being paid off in cash. That alone should tell you where they think we are heading.

Going into our launch, we will be debt free with cash reserves - and the launch completely funded. We feel our actions support shareholder value.

Thanks for reaching out.

David Thielen
Chief Investment Officer
phone: [phone]
email: [e-mail]
www.resonateblends.com

[DSherman]

Technically, it bounced exactly where it should have. Up 46% on 200k volume. All good here!!
Koan $$$$$$