Kona Gold Beverage Inc (PK) (KGKG) News

Thank for your input
They can’t seem to even find a competent source to supply their product
Good grief!
GLTA

In the past, they have eliminated some debt through issuance of warrants, or by giving debt holders a lot of shares, resulting in further dilution of the stock. In one instance they promised a debt holder a huge portion of profits from future sales of product. I bet that one is pissed.

In any case, I do not believe it will be good for current shareholders.

So is management worse than RC now? I think they just stopped making drinks, unless I'm missing something.

WTF does this mean?

“Kona Gold Beverages is pleased to announce that its management team has initiated discussions with its largest debt holder to negotiate the purchase and complete removal of the debt from the company's financial statements. This strategic move aims to eliminate the need for any future debt conversions, providing a stronger financial foundation for the company's growth and development.

The management team has conducted thorough research and data analysis, demonstrating that the past conversions and sales associated with its largest debt holder having yielded substantial returns. With this solid groundwork, Kona Gold Beverages is confident that a mutually beneficial agreement can be reached, enabling the company to retire the debt completely.

Close the doors, declare bankruptcy, screw the investors over one last time.

RC and his crew can turn off the lights on the way out.

They should just drop missions, products that are not in market, and all reference to being an active bev or other co until ready to be in market.

Pull down website - 'under construction'

Rewrite mission. Post real mgt and board.
Revise all forecasts to real... not hope.
No overstatements about being an innovative co in anything until they PROVE it.

Dont bother with name change as a 'holding' co managing various brands... just manage / sell ONE thing well!

At this price it is a shell.

Better to start from sctatch with REAL new team, mission, product etc.

5s are not far behind IMO.

Hey Tucson...do I see,8ssssss!!!!!

I would rely on historical trends to choose between those two explanations. Enough said?

I know that the Joint Venture was announced back then , what I'm saying is, Kona Gold says they got a production run and then no response from the manufacturer. BUT THE MANUFACTURER IS SAYING THEY ARE GOING TO BOOST PRODUCTION BY 5X from there PR just a few days ago.
So either they took on much more business from someone else or Kona is pulling our leg about the reason for delays in production.

The "high demand" is probably a large number of unhappy shareholders demanding they stop getting high and actually put out some product.

"High demand" would indicate there are sales. Has anyone here seen it for sale anywhere?

The joint venture agreement between Apple Rush and KG was announced 4/11/2024.

From your Apple Rush PR link:
This is the second phase of our planned expansion that we undertook in 2023 and will be followed up with additional expansion over the coming months.
From the KG PR 7/17/2024
Kona Gold Beverages is pleased to announce the successful initiation of a production run for its HighDrate drinks. The initial production runs were smooth, with the cans boasting a striking appearance and the taste receiving positive feedback. However, subsequent to these runs, the manufacturer has been unresponsive and has proven unable to meet Kona Gold's large order demands. Consequently, Kona Gold Beverages is actively collaborating with several other manufacturers to ensure the timely and efficient production of HighDrate drinks, aiming to bring them back on track and to market as soon as possible.

Five times zero, still equals zero.

Todays PR said to go to Kona Bev website for additional information.

i called the number from there and got RM mgt.

I asked to speak to a Kona rep and went to vm of a woman.

Called the number on Surge website (which has no mention of Kona aquisition) thinking it is a Kona company, and again, RM mgt. Note - CEO of Surge is CEO of Kona but OTC has Covert mgt as the CEO/CFO

Researched RM mgt ... it is an LLC in Fla managed by Robert Clark.

Of course all could have some 'reasons' but in seeking to find out ...can not get a response.

Looks like dilution machine

The joint venture with Kona Gold and Apple Rush must be in tact, they are gearing up for 5x production, this news out yesterday from them.
https://www.otcmarkets.com/stock/APRU/news/Apple-Rush-Company-anounces-expansion-of-Lena-Brewing-to-increas-capacity-5-fold?id=446525

This company does have a history of trading stock and warrants for financing, so good point.

da, it seems i think that the major reason a brand can't get a packer to produce is because they didn't get paid, so now they want to negotiate a settlement. probably one that incudes their and our stock, a give away' if they can't even pay for materials and production how can this company exists? well they'll just blame the packer

Look out. Seems like they are setting up for another blitz.

The one that looks foolish is you,why would you even be HERE????????

That's no good news today... all BS NEWS...KEEP ON BUYING... YOU WILL GO BROKE... LMAO

and the producer was perhaps the subject of a previous release about producer APRU.

Another 'partnership' / 'aquisition' lost in dust

There's only one line of actual "news" in this "news."
However, subsequent to these runs, the manufacturer has been unresponsive and has proven unable to meet Kona Gold's large order demands.
The rest is all the normal, "We're working on it" word salad. The veep would be proud!

It would be good if they spent 30 minutes and update the most basic info on the site they refer PR readers to.

OTC has Covert mgt as CEO/CFO. Web site has Brandon Spikes.

No sign of Surge/Covert 'aquisitions' via links or information.

Dead links, dated emails

---

The release makes the following statement

'The management team has conducted thorough research and data analysis, demonstrating that the past conversions and sales associated with its largest debt holder having yielded substantial returns.'

I assume this means substantial returns to the debt holders. Clearly the value of the company expressed in its capitalization, ongoing dilution, and share value for common holders has been terrible. So the phrasing seems to indicate that the priority is the opportunity for debt holders and those awarded options/convertibles and not common holders?

---

It would be nice to assume common investors are supposed to be encouraged with this, but not clear.

Assume EOY forecast will be restated, given no products on market.

Love to see web updates and clarity w clear statements of common holders as real priority.

'Next few weeks' looks like we are into August/Sept before any news, launch or next steps, miss summer sales.

News Out several topics, CEO should go back to ALKM for highdrate production, Unless the old CEO burned that bridge.
https://www.otcmarkets.com/stock/KGKG/news/Kona-Gold-Beverages-Reaches-Out-to-Largest-Debt-Holder-for-Debt-Purchase-Negotiation?id=447025

We will see 5 again

Hello Tuscon...did I see 7.5 ???!!!.. lmao

Hey Tuscon.... from 63 down to 9999sss...

Sssshhhhhhhh

Sound of the air running out of this bubble.

following...12 mm picked up in a single trade/lot at .001

Then mil + buys follow.

No news. No one knows wtf is going on.

But .... money talks

as usual you muss the point...

They were purchased. Someone/ entity is buying all that is dumped

I said we are all blind right now given no updates and past due on stated goals...

The support is interesting

I note that , of course, you are silent w any uptick. You interests clearly alinged w dumpers

Hey JUSTTHEFAX...THE 10SSS JUST SOLD A SHIZ LOAD...20 MILLION OF 10SSSS.... HAHAHA 😂....DID I SEE 9,SSSSSD....TODAY....!!??!!!...

No daylight ..but support / careful accumulation seems real.

in rearview?

I see 0010...

ever considered a securities lawyer?

I care less about the people getting taken, and more about the frauds who are doing the taking. It will continue, as long as there are buyers, and my words will not sway anyone.

If you make some money on the swings, then good for you.

And,why exactly are you wasting your time on here? Oh,it must be because you care soomych for all of us,and warning up....LOL

And,why exactly are you wasting your time on here? Oh,it must be because you care soomych for all of us,and warning up....LOL

Here is what happened, you and many others believed their continued line of BS and may have bought more of their printed shares, based upon that announcement.

Then management, pushed the additional income into the books and most likely, took some of that money to pay themselves handsomely.

The rest of the money probably went to keep the lights and printers on, until the next OS increase. Rinse and repeat.

all guess work now...

What happened here? I thought there was supposed to be a big release a couple months ago

Back to .0006 again IMO.

why on earth would you think that

1- they would hire RC
and
2- Use the ingredient you refer to

?

I hope this is not the reason why the drinks are not on the store shelves yet. We know RC doesn't care for product quality, I am concerned if the new company, Nuvibe hired RC to develop something for the company and put brominated vegetable oil in our drinks. On some level, I think Nuvibe hired RC with payment in shares to perform some service for the company? See the article below:

https://www.usatoday.com/story/news/health/2024/07/03/fda-bvo-ban-brominated-vegetable-oil/74290512007/

HEALTH
Which sodas contain BVO? What to know as FDA bans brominated vegetable oil

The U.S. Food and Drug Administration announced Wednesday it is revoking the regulation authorizing the use of brominated vegetable oil in food, effective Aug. 2.

The ingredient was previously authorized by the agency for use in small amounts to "keep the citrus flavor from separating and floating to the top of some beverages," according to the agency, but the FDA determined in 1970 the ingredient was no longer "Generally Recognized As Safe" - an official designation of the FDA - and began overseeing its use under its food additive regulations.

IMO

yes, was assumed long ago,

I waa referring to pace of releases up till May and then silence.

I shared here that i heard back via email and their confidence all moving forward...

i think the support is coming from new $, maybe new mgt and related.

But all speculation ...

Per your statement, "I think they are now at the moment where only real results ( products, $, websites, mgt, plans) will matter." That moment was a long time ago!

So, they have missed another busy drink season and associated Holidays.

I do not think marketing or due diligence are in their repertoire.

They are very good at adding shares and dilution, though.

unfortunately they only claimed to be eagerly awaiting its first run of ONE product in May.

Clearly that did not happen.

They announced the name / ticker change before doing full diligence on the availability, and so assume having to rethink or adjust.

I imagine this will mean an adjustment of the forecast revs as well.

I think they are now at the moment where only real results ( products, $, websites, mgt, plans) will matter.

It is hard to know what the company primary mission is at this point. Bevs? If so what kind? Local Distribution? That won't excite or make anyone rich. Covert THC? Who knows anything really about that 'aquisition' except they are new (who are they?) mgrs and presumably stakeholders.

LOTS to clean up/ catch up.

But at .0011 the companys tax loss value is probably worth more.

So even if they can just hit a solid single, without amateur copy or error, with an actual product (s) actually out there being pushed the value could triple.

But to be clear this is not 'investment', it is speculation.