Strategic Global Investments, Inc. (STBV)

[surfkast]

DD BASED ON FILINGS! NO MJ BUSINESS!!!!!STILL LOSING MONEY!! LOLOLOL DEBT IS INCREASING. PLUS ANOTHER AMENDED 1-A/A!!!!!

DD on Bearpot from their filing:

Marijuana Growing in Colorado
In February, 2014, we bought all of the stock of Bearpot, Inc., a Colorado Corporation (“BearPot”), which proposed to grow and sell marijuana in the state of Colorado. We acquired 50 plants for this business. We had hoped that at some time in the future this subsidiary could be a source of revenue for the Company. However, the Company had no experience is any aspect of this business at the time it acquired the subsidiary. However, since the acquisition, we have learned enough from the attorney and consultants that we have hired and from other sources to conclude that we never want to be involved in the recreational marijuana business. Further, the current restrictions the State of Colorado is imposing on the sale of medical marijuana make it unlikely that we can turn that into a profitable business. We are evaluating what to do with Bearpot. While we are doing this, at some point after the State of Colorado revises its regulations once again in October, we may engage in sales of medical marijuana to 5 or 6 people, as permitted by the current regulations, in the interest of getting some revenue from our investment while we decide what to do with Bearpot. However, in no way do we wish to be engaged in any aspect of the marijuana business in the long term as it has become clear to us that the investment necessary to make the business successful and the extensive state regulations make this business not attractive to us.

The Company’s financial position and operating results raise substantial doubt about the Company’s ability to continue as a going concern, as reflected by the net loss of $2,570,624 accumulated
through June 30, 2014.

http://www.otcmarkets.com/financialReportViewer?symbol=STBV&id=124756