Kona Gold Beverage Inc (PK) (KGKG) News

Who cares about those drinks anymore. The company sold that business. It was acquired by Bmax.

From 12 August:

“In addition, the Company is excited to announce it has finalized the sale of Kona Gold, LLC This strategic move is part of our broader plan to divest previous subsidiaries and allow the company to start anew with a reimagined team, direction, and a new name: NuVibe, Inc.”


LCJR

What would a company with annual revs of 8-10 mm, earning some $, with aggressive growth prospects and credible transparent mgt be worth?

Even such a minimal framework would should be able to sustain an 8 mm cap value?

That could suggest a .002 share price. 4x from here.

Sadly the co is not transparent, mgt unclear, and dilution undercuts.

It will take more than a LOI to sustain any forward share move.

There are some heavy hitters today that are mostly bought.

Interesting volume today for sure. Let’s see if we get something next week

Good close

Ask stack

perhaps, but the sustainable investment/spec is reliable releases, accountibility and transparency.

After years it needs to earn credibility beyond flips for mgt.

Management bailed because Clark completely tanked this thing. Anyone hanging on still believing they are going to walk into a grocery store and see the energy drink on the shelf is delusional.

Don't worry mm will gap up like RADR to .0008 to clear the flippers. Market trend is now changing in OTC. Good luck

if merger LOI news then a snooze or fast pump.

IF... IF... a merger w real co $, transparent, limited dilution, with fast paced follow up then can do well

But since they announced conflicting ends (Loi or Actual merger) ... no one knows.

10:36 AM Bid/Ask T3/T4 264M/53M One might think you are p*ss*n' on their leg and telling them it's raining.

Merger news drops, KGKG could gap up like RADR to clear all the flippers. I am loving the market 😍

Another successful day for anyone who has Kgkg in their portfolio.

To meadows: good luck with 0063..…that was. a good pump from the management...they sold...you bought,.. management made money oñ their way out,..then they sold out again for ,200k... what is left of kgkg???.. NOTHING... NOT MUCH AT ALL!!!!

Sucker buys 20,000,000 shares at $.0004, sells at $.0063 and nets $118,000. Only suckers who don't have the $$ (or the b@lls) to play.

It's a Lotto ticket GLTA

What if other people load at 52 week low to average it down or take an entry at T4. What if goes up with a good merger to .0015. We still make money.

You mean this? https://www.otcmarkets.com/stock/BMXC/news/Bemax-Inc-Signs-Letter-of-Intent-to-Acquire-Kona-Gold-LLC?id=449137
The deal is closed. Why would they keep mentioning?

https://www.otcmarkets.com/stock/KGKG/news/story?e&id=2946386

KGKG is into "REVERSE MERGER" we have nothing to do with bemax.
https://ih.advfn.com/stock-market/USOTC/kona-gold-beverage-pk-KGKG/stock-news/94362690/kona-gold-beverages-inc-nears-completion-of-reve

ok, thanks, I'm glad i asked.

No he means Reverse Merger lol

was there a mention of a reverse split.?

Bemax has nothing to do w reverse.

It aquired (?) the Kona Gold Hemp llc from Kona Gold Inc.

Kona Inc (w Highdrate and Covert) is doing the reverse.

Man. That’s a real bummer. Any word on Kgkg?

Update from BMXC yesterday , but not a single word mentions the reverse merger or Kona Gold.
Transparency is about as clear as mud.
https://www.otcmarkets.com/stock/BMXC/news/Bemax-Inc-Announces-Mid-Quarter-Business-Update?id=455116

To infinity and beyond

52 week low at T3 so how can anyone kill a non dilutive stock when this is already dead.

Likely delay in any activity...

Co is in direct path of hurricance Milton 🙏🏼

i follow that right now credibility is everything.

If investors believed in the past Q #'s then the likely value would be 3-4x higher now.

Note when Q was released NO discussion of earnings detail, what was sold, growth plans for whatever it was/is, margins, former guidance just forgotten and unaddressed...

The co doesnt feel it has to reconcile and be accountible to its own releases

Until this basic integrity and credibility is earned scepticism will attach to any 'news'.

That's semantics. They are overdue. Consistent with track record.

splitting hairs... they used the terms days and weeks...

If biz days then to this friday, but of co is trying to establish credibility a time to be clear and exceed expectations.

The bigger issue is LOI vs completing reverse merger.... a BIG difference

If they come out w an LOI this week it will be a big nothing... since it could fall apart.

The track record of over promise, deception (Surge faux transaction), dilution, unclear mgt requires the co to set a new ( usually normal) standard for governance.

To Justhefax:
BirdsOfFire Free
09/29/24 10:50 PM
Post #121,424
Re: #121,412: This is from August 12. Today is
You are correct that Sept 27, which was last Friday, was 45 calendar days. What if those days were business days instead of calendar days. Sometimes a company will mean business days instead of calendar days without clarifying if calendar or business. If it is business days, the 45 days will end on October 14th. IMO.

well my first concern is the company puts out releases with very different stages of opportunity. (loi vs closing a deal).

And yes of course in a Loi all diligence will be expected and outcome uncertain.

And whichever option is the real, they are overdue , and a responsible co would put out an update.

Per your comment about long vetting process, they will want to dive into their books. IMO it will not be pretty, and I predict the LOI will be withdrawn, based upon any audit by other company.

But note discrepency-

on Aug 12 the co stated it 'anticipates completing the reverse merger within the next 30-45 days'

overdue....by a week +

on Sept 10 the co states ...' it expects to have a LOI signed within next few weeks'...

overdue AND materially different from 'completing' a merger as noted in first release.

As most likely know signing a LOI is not meaningful as it suggests a possible long vetting period and possible no success... an exploration for potential actual deal.

If the co ever wants to be taken seriously and establish credibility it needs to read and honor its own releases.

$KGKG So many things going on at 52 weeks low share price! 4.3B OS with no dilution so far, the company is making all the maximum effort to clear the balance sheet before a reverse merger. Waiting for a name and ticker change to "VIBE" as they submitted apps in April 2024. GL pic.twitter.com/t3zPZd3DQc— 007: A fearless OTC Trader (@shawonsarker84) October 7, 2024

I peek my head in for a minute or two, here and there. I wouldn't consider that, "...soo much time..."

Lawyers usually take cases, based upon their likelihood to profit from winning. Picking at the bones of this company will not yield enough profit for most lawyers to pursue it.

I'm sorta new to all this...but the way I read it,looks like only about 10k in sells

Hey Tucson Phil...why are you even here??? Do you usually spend soo much time with a LOSER???

Awaiting the follow to last release. Still within time frame.

So when do the Lawsuits and Audits start?

Mexican Standoff?
Bid $0.0003 Ask $0.0004 Bid/Ask Size 320M/54M ?

Not even 2.5 million shares sold as of yet today....pray shareholders pray that you haven't been scammed...this looks like a LOSER....sold for 200k... what a joke 🤣🤣🤣😂

Wow...6 million shares sold today...I see this junk is going to make everyone a millionaire any decade now.....lol

Somebody dumped 50M at T3? Wow, why bother? Unless it is just more dilution? $15k for do nothing "management"?

Good 🌄 MorningTucsonPhil, Have been clear of KGKG for a long while, but I just picked up a couple mil at current. Hope to recoup a loss when I had 34.5 a year or two ago. I always enjoyed talking & learning from your comments. Wish you well, my friend. Ross
(Currently heavy into BLEG Interesting news today).

Hey Tuscan....this piece of junk is still at 3-4ssss!!!!

What is RC's connection to BEMAX?

You are correct that Sept 27, which was last Friday, was 45 calendar days. What if those days were business days instead of calendar days. Sometimes a company will mean business days instead of calendar days without clarifying if calendar or business. If it is business days, the 45 days will end on October 14th. IMO.

BEMAX is owned by a bunch of idiots. Go to CEOs Facebook page.