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It mostly has been in the past. I don't know why he would suddenly now be full of integrity.
Note that it states maximum offering price. How many will be sold below market value?
These offerings in the pink market rarely pan out as expected; even more rare is when they pan out better than expected.
yeah, like all of it...
when it finally completes in 2021...
How much will be lost today?
Will it be dilution, or just lost market confidence?
No pal, it's history. It's the story/epic saga of the Sugarmade company. Either look back, or just watch and see.
Except that it isn't. There will be hype of all these revs coming in, but with each <delayed> financial report, revs won't show up; A discussion of accounting rules and deal closings will follow until finally there will be the big reveal that all the hype was never anything near what was projected. At which point a new, even better and more lucrative scenario will present itself, just in time for the cycle to start all over.
Excellent movement here today. So glad this is the company of the future.
It has been predicted to run PARABOLIC for about 2 years now.
Unfortunately it has declined in a hybrid arithmetic/logarithmic rate since about Sept 2017.
And I get it, it really does take 3 years to close a gap and consolidate properly, all the great stocks do it...LOL
just like .06s and .07s were...
I see...
Too bad that's irrelevant due to dissolution of partner agreement with BZRTH
At the start of the day, I was thinking .0375 may be low of day. This stock is impressive in its failure to deliver and/or perform.
Tell me again how this is going to be good one day...
How long until the ink dries?
That's the issue.
Whatever, that three year story is getting old. The pattern with these fools has been the same since I got in - planning to be long and losing hope and patience each misstep along the way.
Can't wait to hear the excuses on the holdup of his ten store expansion.
But can they even hold this gain for a few days? The previous pattern indicates unlikely. I am hoping this is a pattern that will be broken.
Today's action, while exciting, is not yet even a correction from the three month slide the price has seen. It's best to keep this all in perspective.
How has it not been obvious that the steady decline in share price has at least in part been due to dilution?
More likely he may try to PR the possibility and intent of merger, then report merger to yield ridiculous revenues, then have 1-2 years of financial reports discussing how a technicality of the deal is making it difficult to record revenues - but assuring shareholders they will come - and then after years of frustration finally close the deal, but before the next quarter financials can be released which would show the revenue he previously reported, he will then rescind the deal in lieu of "better opportunities"
What a joke. I would say fraud, but doubt he's that competent.
When this company hits a boil, let me know. thanks
There is also competition on the development and distribution side - They even managed to get their unicorn game on the shelves before the Christmas season.
So, you're telling me that you consider a price in March of 2017 the base of their current market position; that reaching 8 cents, shortly consolidating, climbing to 18 cents and then retracing to back below the initial 8 cent rise OVER 2 YEARS LATER is just consolidation?
I fail to be on that side of the argument.
Also, just a bit of semantics, but the recent trading range has been closer to .055-.065 than .06-.075 ... just sayin'
Exactly how is it FUNN to see the PPS continue downward slide?
Cute performance from this weak company that has all its share(bag)holders completely hoodwinked.
It is all hype until results can be seen in my portfolio.
Hopefully a firebomb
It isn't that they can't even keep gains, but the inability to garner any type of volume is laughable.
I don't know exactly what you are trying to say. September 30th was almost 2 months ago?
I hope so, and I hope you're right. I don't think you will be, but I hope that it is so.
It will truly take a lot of activation energy for the company to regain market momentum and shareholder confidence in their execution. They need to begin creating a pattern of delivery on predictions before I'll be trained to expect anything different from them.
So another year or so until 2019 audited, which pushes back being current on audits to push back uplisting yet again????
I really doubt we'll see timely release of 2019 audited numbers. If the situation took as long as it did from release of 2016&7 until 2018, I have no faith we'll see a timely release of 2019.
Not sure how you come to 58 million, it clearly states calendar year to date 26 million with expectation of 32 million for the calendar year. It isn't adding the two, but presenting the expectation of an additional 8 million by year's end.
Even so, until it is shown on the sugarmade financial statements, I have trouble finding confidence in these statements.
I agree on that point. Mine isn't of the auditors/accounting, but of grandiose claims made in PRs over the past 2 years that have yet to show as booked revenue on Sugarmade's ledger. That is where I place my burden of proof.
Uplisting to Nasdaq will likely not be an event of corporate growth or investor return without other evidence of revenue growth and benefits of corporate expansion. He has been touting the 70 million revenue number for almost 2 years now, and with BZRTH closing, retraced it to 30 million and in recent PR, uses 67 million as the target revenue number - which is not 70. Point being, he can't be trusted to do or properly execute that which he has stated as a goal. The first hurdle is to see the Bizright revenue logged on Sugarmade's ledger. This should have appeared previously per his previous PR, but even still if not in the next quarterly release, there will be a much greater burden of proof to believe anything of this company.
The big question for me is whether the authorized share count will also reduce and if shares issued as part of financing will be included in share reduction of RS?
I suspect it is a bait and switch in order to keep shares available to use in other dilutive financing.
Looking good out of the gates...
Maybe...we'll see.
Do you really think I would be as critical as I am if I had no invested interest myself?
I am just pointing out that all the big time talk of the CEO has yet to materialize into verified bottom line data, or a market cap equivalent to reported value of the company.
No, missed deadlines and pushback excuses create a pattern of behavior from which to help assess future performance. Stating something is about to occur with a history of non-occurrences makes believing difficult. Anticipation of the future unknown can only be valued at the level of faith in messenger and the history of said messenger with previous forecasts.
There is still a glimmer of hope, but relevant to the whole discussion is that this CEO has repeatedly stated an event to occur within a time frame and has failed to deliver on many of them. This pattern has created a severe deficiency in trusting the reported things to come.
I guess we'll see in the morning.
It could easily go either way depending on his ability to follow through, or yet again drop the ball.
I've been beating that bell for awhile now.
I am more amazed by the blind followers than the incompatence of management at this point.