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Thank Jimmy Chan (all lower case), for bringing you Shareholder Value, he always replies too doing. What a Joke!
When the share price goes UP, everyone loves the CEO and players who make it happen. When the share price goes down, they are all crooks.
No one cares about a damn thing (legit or illegal) or who's running the show as long as the share price rises. If everyone can easily figure out all the so-called felons who are doing this to the stock, why did no one look for that data before investing?
Because people only cry foul and dig up facts when the stock goes down. When the stock goes up they put on the blinders. The simple facts are;
A group of crooks that make the stock price rise are heroes.
A group of heroes that make the stock price go down are crooks.
This is the fault of the investors not the CEO or JN. Sorry to say. No one wants to miss a long shot windfall like this and on so many other tickers and that is the curse of being an OTC investor. You have to know it’s a NO WIN investment.
People are angry not so much with JC or JN, they are just angry it keeps happening with every ticker they invested in over and over again and again making a WIN harder and harder to find.
You will win the LOTTO jackpot before you find an OTC that pays off enough to say you have recovered all your losses.
IMO- Odd that you don't seem concerned about the relationship between JC and Joe Noel, Convicted felon. Just saying.
jimmy chan (all lower case), will get what's coming to him; you're playing with a joker; nothing he has PR'd has ever materialized but, dilution. Who would buy this at .0004, when MM are letting shares go for .0002, you're wiped out before you get started.
WERE OUT.
Auto bought Amazon at $110 after shorting at $122. 3500 shares at $12 net comes to $42,000 profit. Because we are sure Amazon will rise to $250, we bought back 250 shares at $111 using $27,750 of the profits and banking $14,250.
When we sell the 250 shares at $250 for $62,500 after the cost, we net another $34.750 for a total profit of $49,000. Regardless of the share price now, it's all pure profit.
Amazon or SGMD or BRGO or 1000's of other tickers. It's all an endless supply of FREE money. BCHG and HZEN (both part of the Grayscale scheme) was like taking candy from a baby. Shorting BCHG at +$3.00 that is now $.99 (300% return, 200% Net) and HZEN @ $+3.30 that is now $1.10 (300% return 200% net)
Play the game to win not for a windfall that never comes.
You mean run run run FROM the load.
It's done. A sure thing,
AMAZON
We have an auto buy back in at $110 and well make $42,000
- Every time the asked drops $1, we lower our buy back in price the same $1.
- Today the buy back is set at $106 if the stock drops we make more, if it rises to our auto buy in we still do well.
- For every $1 the stock drops below $122 we make $3,500
- Some say the stock will drop to $53 but I doubt that.
You can do this to these sub penny schemes but you have to short when they initially are pumped up to $.40 knowing full well they will dilute and kill the price.
Perfect example, the scheme off shoots of GBTC knowing these two tickers will tank we shorted them as well.
BCHG and HZEN
NICE!
If you all want some FREE entertainment. GO on over to the BRGO board and read the comments. You will see that many here and many there all keep doing the same thing. Invest then call the CEO a crook when the dilution and price tanks. And all the chatter over there is the same that is here.
This is my point. Most of you and most of them will all just buy into yet another scheme that falls the same fate.
PLAY THE GAME using rules that make you money and not lose money. A 2-year open short on BRGO was a HUGE win for us. Sell at $.15 and buy back at $.0005. Sell short 166,000 shares and take in $25,000 and buy them back for only $83
Do that to 100 OTC schemes and you can make a BUNDLE know that is WILL WORK. It always does.
It's just so dam easy. The ONLY problem is, you only can make back what you sold short. IF you sell short $25,000 you can only make back $25,000. If you buy in at $.0005 and you invest $25,000 for 50,000,000 shares and they went back t0 $.15 you make $7,500,000. That rarely if ever happens but is the lure of the sub penny stocks.
Taking NO chances,
Have the buy order in at $110 for Amazon. Worse case we make $52,000
That's at least a SURE THING!
Next support level, .0001, Thank jimmy (all lower case), for bringing you Shareholder Value.
How to make money!-->
We shorted SGMD
We shorted BRGO
And now?
We shorted Amazon 3,500 shares at $122 taking in $427,000.
If we buy back the shorts today at $104 we net $63,000
If we wait till $90 we clear $112,000 (almost 25% ROI in a week)
Amazon stock WILL rise back up soon (after we get out) the reason is most Amazon shareholders only own one share at $2000 per share (more or less) and they would never sell that one share because there is not much to be made selling one share even if it nets you $2000 profit at $4000 the money is not much to bank on.
The reason is simple. People buy one share to brag they have Amazon stock. The reason the fast decline is with a 20/1 split, those who own one shares now own 20 so they figure sell 19 shares for a fast buck and keep the one share to still be able to brag you have Amazon stock. Once those shares are sold the stock should rise back up to $250 for the fact that new investors who could not afford one share at $2000 will buy one share at $250 to brag they own Amazon.
If you go to the IHUB Amazon page and look at the trades its mostly 1 share, 2 shares, 10 shares, not 1000's
It’s all in the mindset of investors and why they do what they do. Some want to fill an ego. Some want to believe a $200 investment will net them $200,000 and some play the game to win. It's all about money and digits. Put in the right order and you can make money plain and simple.
That is not true. Weed sold in legal states are making billions in revenue for legit cannabis companies that SGMD is not. Making MJ legal federally will not help SGMD. They failed in legal states and will fail nationally for one simple reason.
"SGMD is not in the marijuana space, they own no MJ production facilities or even generate revenue form Marijuana sales"
They posted they are working with MJ companies but do not own controlling interest in them. SGMD's cusip is titled paper products not cannabis. If they were in the MJ space they would have changed cusip titles.
The only thing SGMD sells is debt diluted shares. The shares authorized, volume sold to the float and drop in price is all you need as proof.
I am betting on a 1/10,000 share reverse split. When that happens SHORT this ticker ASAP just like we did Amazon the day the 20/1 was active.
this will rocket when weed becomes legal in 3 years, but only for a few days, buy, sell, buy repeat
Getting in, easy - getting out, impossible
When the current share structure is posted it might be worth getting back in!
You mean strong Bye Bye!
Here is short list to look at --->
1) If the price keeps declining and more shares are being traded it can only come from the company debt funding sources. No market maker will buy shares from retailers when they can buy them direct from debt holders for a fraction of the bid price. So forget about ever selling SGMD for a profit, ever.
2) With all the talk of criminals, felonies, the DOJ, Finra, SEC, crooked CEO's etc. One fact remains clear, the dump continues and no one is held accountable so all that chatter about anyone getting in trouble over this will not happen or it would have already been shut down. If they run another pump that will likely be their last one before the scheme is shut down (NOT by the DOJ or SEC) but those running the scheme so any warning to them about another pump is a moot point legally.
3) Even before any action is taken the scheme will be shut down and the ticker changed or closed up and all the players will vanish. The money is already off shore out of reach of the DOJ and they cant run around and round up all CEO's and debt investors and lock them up or the economy would suffer $100's of billions in ill gotten gains that makes it back to the economy.
4) Remember you have to have CONGRESS make rule changes and since they are in on it, nothing will change.
These are the solid facts on this and soon everyone here will be asking WHERE is the CEO and why won’t they answer the phone or emails. Same posts over and over, ticker after ticker. Not long after that, people posting here will find there is nothing to gain from this ticker or chat room and eventually just say OH WELL, well make it back on the next ticker and the cycle continues.
I made my points, I told my story, I posted what would, has and will happen. And you don’t need a crystal ball just common sense and to follow the events as they unfold.
I can’t say good luck to you all because not even luck will save this issue. Its run it’s course and is almost over. When no more new bees jump in, there is no reason to remain active on the OTC.
Looks like the well finally dried out today. That means the next big SGMD announcement is coming to your newsstand shortly. Either that or the ‘fat lady’ is singing and reaper arrived. And whether it be Jimmy or Noel who serves up the other first for dinner, doesn’t matter. Average prosecutor would simply ask if you knew about xyz….. and answer is yes. Greed will always be the motivation even in a court room. Cooperate, spill your guts, get less of a sentence and or fine. Wash, rinse, exit and do it again. The words Forward Looking Statements gives legal authority to screw people and no kisses.
Not only Sugarmade- but what about the other companies that these guys quietly work with and influence.
Mattie711: What's the likely hood that every deal plays out the same way with Sugarmade, after dumping Dillions of shares; now you're showing a track record of Pumping and Dumping.
That statement is correct.
IMO, Let's see how this goes down. Doubt JoeN would let Jimmy turn on him. From what I've been reading it would be far more likely that Jn would turn on JC. That's what JN does, working in the dark behind the scene! Okay- enough of this for now.
1dmg1 100% correct! .. eom
Mattie you are closer than you think and obviously you have run into this felon prior. If one runs a complete search and then knows how to capsulize legal reports, he is restricted from any activity listed publicly. If SGMD/ Jimmy were ever investigated which is doubtful, sorry Suissac, Jimmy will throw everything and everyone under the bus to reduce his exposure. The SEC if anything might make inquiry that just forces the doors closed and SGMD is history. Shareholders are at the bottom of creditors list. The company’s whom he has entered into agreements come first and made whole. Funny how that works out. It’s an old rodeo but legal enough to escape real scrutiny from SEC and others who are very short staffed. By the time they actually engage SGMD the boys are gone
The fine print doesn't state that a known convicted felon- that is banned from penny stock activity, as well a writing or publishing press releases, AND, has a history of pump and dump activity- would be allowed to work behind the scene with any penny stock company's investors, as well as other penny stock activity- with your investment dollars.
I think I understand where you are gong with this- but I don't think the SEC or DOJ would agree with you. Under-staffed and busy- but regardless it's tough to see this crap! However, a good con is a good con!
Let's see what happens.
Of course I care. The problem is NOT JN or the intent schemes. The entire fault is with the investors who support those schemes knowing they are just a risky lotto play.
And the fine print says just that. If you want this to STOP, everyone has to stop investing in these schemes. The problem is, they never will stop. EVER!
If investors are there to toss money to schemes they know are schemes, who's fault is it?
The investors.
Mallen,
IMO- Sound to me that you don't care- but to suggest that Joe Noel is legally running multiple businesses is silly. Documents suggest that JN could be using his wall street background and criminal business experience! Those individuals that are clearly aware of Joe's legal issues are allowing JN to hide. To answer your question- perhaps it's time for the authorities to get involved. I understand that folks are afraid, and perhaps threatened, but this has been going on too long.
All this is just my opinion and I also wanted to provide some factual information.
btw- RE: New Horizon's Laboratory, Inc.-Joe used 2 versions of his name on the initial Wyoming Sec of State filing; Joseph Is Noel, and his electronic signature; Joseph Am Noel. btw- I have copies. Soon after the company was established he removed his name and replaced it with his girlfriend's name; Ma Helen M Im Is. Later, he removed Helen's name and replace it with another. IMO-perhaps he needed this new company because per MCTC/CBGL filing (see below)- New Horizons was about to be compensated by MCTC/CBGL. Later, the compensation outlined in the filing below was changed on a subsequence filing.
I have another list of companies that JN created, or helped create, but I would think that the information below will do for now.
1.Lelantos was registered under Ma Helen M Is Am
2.East West was somehow connected to JC and another guy. I don't know what happened to the company. Probably out of business.
3.Ma Helen IM Is, Inc- is registered to Helen in the state of Wy.
4.New Horizon's Laboratory, I've already covered. It was originally registered by Joseph Is Noel/Joseph AM Noel.
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https://content.edgar-online.com/ExternalLink/EDGAR/0001079974-20-000087.html?hash=3fb74afc94e2515a43524498d670009f73133cc34e3fb05bfa964de38714cc8e&dest=EX10_3_HTM#EX10_3_HTM
"Section 1 - Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On February 16, 2020, the Registrant entered into a material definitive agreement (“Agreement”) not made in the ordinary course of its business. The parties to the Agreement are the Registrant and Lelantos Biotech, Inc., a Wyoming corporation (“Lelantos”), Ma Helen M. Am Is, Inc., a Wyoming corporation (“Helen M.”), East West Pharma Group, Inc., a Wyoming corporation (“East West”), and New Horizons Laboratory Services, Inc., a Wyoming corporation (“New Horizons”). There is no material relationship between the Registrant or its affiliates and Lelantos, Helen M., East West, New Horizons, or any of their respective affiliates, other than in respect of the material definitive agreement.
The terms and conditions of the Agreement require the Registrant to issue 400,000 shares of its common stock to Lelantos, and separately, an aggregate of $500,000 in the form of notes payable as follows: $225,000 to Helen M.; $50,000 to East West, $225,000 to New Horizons. The notes are due and payable as follows:
(1) The note to Helen M. is due on June 15, 2020. In the event Registrant defaults on the note, the outstanding amount of principal and interest due converts into 6.75% of the total issued and outstanding shares of Registrant on the maturity date.
(2) The note to East West is due on May 31, 2020 with an interest rate 5% per annum. If Registrant defaults on the note, the interest rate increases to 10%. If Registrant fails to pay by August 30, 2020, the total amount of principal and interest shall be converted into a 1.5% fully diluted ownership of Registrant’s issued and outstanding common shares.
(3) The note to New Horizons is due on May 31, 2020 with an interest rate of 15% per annum. If Registrant defaults on the note, the outstanding amount of principal and interest due converts into 6.75% of the total issued and outstanding shares of Registrant on the maturity date.
In exchange for the foregoing consideration, the Registrant is obtaining all right, title and interest in certain trade secrets, intellectual property rights and research and development, in unique hemp infusion technologies, exotic cannabinoids and nano-fibers that may increase bioavailability and absorption."
-------------------------
So what your saying is;
The DOJ and FBI are allowing JN to commit more fraud and pump and dump schemes as part of a plea deal?
That's like trying to buy back drugs seized from the DEA at a discount price.
What ever the case, what ever the situation, SGMD has taken at least $50,000,000 of investors money that will never be returned and the shares that will never rebound and the company continues to operate the scheme.
So far nothing has changed as the dilution continues and investors keep losing money. All under the DOJ's watchful EYE?
So how is the DOJ helping?
Mallen- IMO- In all due respect, I do not think you understand the full scope of Joe Noel's involvement with Sugarmade/ Jimmy Chan. Joe has left a trail of evidence behind that clearly shows that he has been working with Sugamade investors and that he was involved with setting up the shell. He is known as the "CLOSER" and it's no secret.
Sealed DOJ records indicate that he is probably a cooperating witness. My gosh, the guy has bragged about it! And all is a hush as he could be screwing over more investors, hiding, and using people...just like how he used his own daughter... and got caught! At some point, justice should be served, but again, that is my opinion.
------------------------------
Here is a link that I believe you will find interesting. Long article, but here is also a paragraph that could be quite telling.
https://www.teribuhl.com
"Recent SEC subpoenas also named 64 people it wanted information on; many of which were not charged in the original September 2018 case. Given the fact that defendants in the SEC case have also admitted in open court to signing tolling agreements with the Dept of Justice, the investing public has been anxiously waiting for the Northern California DOJ to bring their criminal case. Individuals who have already plead guilty in DOJ securities fraud cases and allegedly worked with Team Honig are: Joe Noel, microcap attorney Gregg Jaclin, and promoter Jeff Auerbach who just plead guilty on January 10th. All of these individuals have made plea deals and are assumed to be cooperating with the DOJ in other cases."
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Information about his SEC case:
https://www.sec.gov/litigation/litreleases/2015/lr23208.htm
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Check out Joe Noel's fake photo and his bio on Linkedin. It is filled with fake information.
--------------------------------
Photo of JN with Jimmy on one of many international trips
MallenNV: I do know this, jimmy (lower case), better not pump anything, ever again; I'm watching and waiting.
Next support level .0001; Thank jimmy chan (all lower case), for bringing Shareholder Value as he always says. lol!
1dmg1: Already done.
1dmg1->
That was the most accurate post I have ever seen thus far (besides mine)
Spot on same as I have stated. But the final end game to this is not the end but the beginning of a new scheme and everyone here will follow the new scheme like lemmings following the leader into the ocean to drown.
The reason why investors don't stop is they feel what if the one they did not buy into is the one that makes it, so they will never stop. It won't put investors in the poor house since the OTC is smaller investors but more of them. And the OTC and SEC know how great this is for the economy.
Lets face it the million dollar mansions and expansive cars and watches take people to build, maintain, insure and also taxes on those have to be paid annually. So the smaller investments added up to $10's of millions for just a few does help. I would not be surprised if someone here worked for a company owned by someone who was part of a schemes financing.
We agree on some things. When investors win they cheer, when they lose it’s a scam, ect. As I and you have said in redundant fashion, Jimmy / Sgmd runs just north of legal liability with verbiage contained in ‘forward looking statements’. Jimmy obviously knew he was to close to crossing over the line and expanded definition of aforementioned. Thats his out, and anyone else who runs a shell game. It’s legal plain and simple. It won’t be long now and Jimmy will make his filing of red ink, but not before he PR’s another update, another LOI, another purchase, or new venture capital firm.
1dmg1 and Mattie711, Here is your answer.
1dmg1 wrote;
In this instance I respectfully disagree. Most of your analysis is accurate and descriptive, but if JN is or can be connected to Jimmy / SGMD then he violated the terms of more than one suit including FINRA.
You are allowed to disagree but the fact is, nothing is being done to stop the schemes and JN is not in any way legally associated with SGMD or even listed on any documents as an associate. Clean hands. That is what I would do, make millions and leave Jimmy to deal with regulators.
But since people bought the stock on intent and accepted the disclaimers, no action will be taken against SGMD unless they break the law that they have not done and likely won’t do.
People can call JN a crook and Jimmy a scammer but they are not being stopped. When they are stopped the ticker will have to be shut down and all the money returned to investors (in a perfect world).
The ticker will shut down on it’s own and no money will be returned and the shares will have no profitable value to any retail investors. When you can accept that by the facts and still buy into these schemes is the fault of the investors. They only cry foul when the stock drops in price.
When you play a casino slot machine and lose do you blame the casino or the machine? No, you play knowing it’s a risk and will likely never hit the jackpot.
OTC stocks are like a slot machine and the money dropping down the slot goes right into the pockets of the scheme runners. The only difference is on a slot machine you have a slight change to hit 3 “7’s” and make $1000 on a $1 bet but if the OTC ticker were a slot machine, it would be fixed to never pay out and the disclaimers tell you that. You will never win.
Would you put money into a slot machine that says, “if you play this machine you will likely lose all your money and hitting the jackpot will likely never happen”
People only recently are complaining about the issues with JN and others and are just words that fall on def regulators ears. Is it only when action is taken not on paper but action that stop’s this madness can you then turn your disagreement into a fact. Disagreeing is more of an emotion than a valid point I have to say.
No offense but lets be real. This play is almost over and the shares diluted with no recovery possibilities and the players of the schemes are already working on new issues to promote and dilute. The money keeps flowing in to them out of the pockets of investors.
What I always take pity on is how everyone who now has all this damaging information on JN and the feds and FInra and the DOJ and the alleged fraud and felony charges that NO ONE ever does this digging before investing and only does it after they invested and lost. If the stock went UP Jimmy and JN would be every ones new best friend. Felony, fraud? who cares as long as the stock goes up that would not matter. When the stock tanks is only when it matters.
If people took the same in depth detective work why do they always do it after the scheme dilutes and investors money is gone? The answer is that investors want to live in a lotto like bubble with hopes and dreams of hitting ONE of the schemes big time knowing full well it’s questionable. I am sure many do in fact know the details and who is doing all these schemes and stay silent during the pump in hopes that stock rises and some can sell at a profit. When they cant, they expose the people and criminal past and charges and DOJ and all the bad stuff.
The problem is, legal action is rarely ever taken that is severe enough to stop them. Congress makes to much money off this and they make the rules.
In this instance I respectfully disagree. Most of your analysis is accurate and descriptive, but if JN is or can be connected to Jimmy / SGMD then he violated the terms of more than one suit including FINRA. That being said and IMO only, Jimmy is smart enough NOT to keep written notes or documents on any subject. Jimmy is pawn for others a point you offered up and I agree. If anyone really wants to bring Jimmy / SGMD to his knees, just bring subject(s) up to local authorities. Numerous addresses for schemes. But one has to be willing to do the work and understanding his / her name becomes part of public record. Nobody is going to do that and no investigation will take place.
Mattie711, again this may help.
JN is not allowed to be involved on the BOD or any part of an OTC but is allowed to advise and even be the debt financier so long as his name is not of record on any OTC filings. If his records are sealed he likely paid a fine to squash any charges. Sealed usually means NO charges.
If you are banned from ever eating at Tony's pizza for robbing it and lighting the place on fire, you are still allowed to have your friend buy you a pizza from Tony's using your money. The ban is not blanketed so it won't follow the one punished to every aspect of life.
It just applies to specifics. You can't stop someone from doing what JN is doing the same way being banned from Tony's pizza makes it so you can never eat from there again. You just have to have others help to make it happen. Same with OTC's.
Jimmy is JN's pizza delivery boy! TA DA!
JN's SEC lifetime ban does not allow Joe Noel to be Jimmy Chan's penny stock advisor. I am absolutely sure of it. Sealed records often indicate a cooperating witness agreement. The Barry Honig case is the first that comes to mind. JN's name is all over many publications about the case. Check out Teri Buhl's site. Regardless, I am sure that the lifetime ban does not allow JN to play with penny stock!
I need to get back to work but I look forward to reading your post in more detail upon my return.
Thank you. I appreciate your posts.
Mattie711. Few things -->
You wrote;
Mallen, IMO- Exception would be Joseph Noel's involvement with SGMD. JN is a convicted felon- that has been working with CEO, Jimmy Chan...for YEARS. JN, is also the Director of Research at Cannabis Global/CBGL; also working with Jimmy's old work associate, CBGL's CEO, Arman Tabatabaei. Do you feel that JN's involvment could put CEO, Jimmy Chan at risk?
BTW- SEC banned JN from all penny stock activity- LIFETIME BAN! It's public information.
Anyone have an update on Joseph Noel's pending DOJ sentencing? Records are sealed. Ouch! IMO- Looks like JN has racked up a long list of company failures. Same game, differerent companies. Same Joe hiding.
Convicted felons are allowed to work with these schemes as long as they are not on the BOD or an associate of the company. A lifetime ban does not mean they cannot help and can still run the show from behind the scenes. If JN’s records are sealed is because he paid a fine to the SEC that negated the DOJ’s prosecution.
Since Jimmy is doing legally what others are telling him to do, Jimmy will not be arrested or be a convicted felon. This issue is moral not legal. I have not seen any evidence that JN is a convicted felon. IF he was banned from being part of an OTC forever it is because he violated some stock fraud regulation or other SEC action that was not protected by the disclaimers. JN will make mega bucks on the sidelines.
Jimmy is a puppet of a larger seasoned group of people who have the money to pay off debt, Hire pumpers and also to move the stock to any price they choose. Jimmy is more of a sellout for a few bucks and was targeted due to his company failure in the paper industry that was converted to a MJ stock because that is the hot market topic that attracted investors.
I am surprised they did not reverse this into a baby formula scheme yet, but there is still time ;).
JN does not make companies fail by accident or bad business. A failed OTC is part of the plan. “TO MAKE IT FAIL.” When you say JN has a long list of failures is how you see that but for him they are tremendous success.
Now you would ask yourself, Why not just make the company WORK and everyone wins right? Because intent and if’s and maybe’s, generates the same amount of money and they don’t have to spend any to make the company work or higher employees or face regulatory health and agri market compliances. Selling shares on a scheme is all cash and no costs. Less costs means more cash for those running the scheme.
It’s like a lemonade stand. You sell people who walk by your stand, a coupon for a large cup of lemonade they can redeem tomorrow. You sell 1000 coupons for 90% off the $1.00 price. When you sell all the coupons you break down the stand and vanish and you make all the money never having to buy even one lemon. And each buyers says, “It was only $.90 so no big loss.”
The difference with a lemonade stand and stocks is, the lemonade coupon is only good for a glass of lemonade. But with stocks, people invest a little believing it will rise well above the coupon (share) price. You can’t buy a $.90 coupon for lemonade and resell it for $10,000. But the hopes to buy coupons (shares of stock) for $300 and get 300,000 coupons at $.001 can be sold one day for $1 and you make back $300,000.
I guess if you kept the stand open the next day when people came to redeem the coupons you say the lemons are being delivered tomorrow but to be fair you sell them all 10 more coupons for the same $.90 so they think they will get 10x for the same price. Cost average a lemonade stand just like stocks.
The choices OTC schemes have are to make money on a failed or successfully scheme. If the company fails but makes them 10’s of millions then for them it is a success but at the cost of retailers who perceive it as a failure for the fact you lost money and no other reason. Just like the failed lemonade stand that failed but for the coupon seller it was a success.
If money is made on an OTC scheme for investors but is still a questionable company, no one cares. Proof if when Suissac cheered Jimmy knowing the company was a scheme when the stock went up, but when it goes down he says arrest the crook. Then if it goes back up, Jimmy is his hero.
Investors condone bad behavior and those running the show are all too happy to not disappoint. That means investors condone the plan and most know the stock will tank but feel they can make money even as other investors jump in so they can get out. But as I have said, the schemes never let the price rise so anyone can make money other then those running the show. All the money they make from investors is their money and you cannot have any of it when new investors jump in.
To make more on a declining share price just issue more dilution to the float. They sell more shares for less to make the same money selling less shares for more on the initial stages of the scheme. They win, investors always lose.
The schemes set up to take your money and not let you ever make it back and investors are forced to buy more to cost average as the price drops and never rises.
JN is actually a very good businessman; he knows how to make money on people who love to lose money. That is an undisputed fact.
Mallen, IMO- Exception would be Joseph Noel's involvement with SGMD. JN is a convicted felon- that has been working with CEO, Jimmy Chan...for YEARS. JN, is also the Director of Research at Cannabis Global/CBGL; also working with Jimmy's old work associate, CBGL's CEO, Arman Tabatabaei. Do you feel that JN's involvment could put CEO, Jimmy Chan at risk?
BTW- SEC banned JN from all penny stock activity- LIFETIME BAN! It's public information.
Anyone have an update on Joseph Noel's pending DOJ sentencing? Records are sealed. Ouch! IMO- Looks like JN has racked up a long list of company failures. Same game, differerent companies. Same Joe hiding.
Corr., released...
jimmy chan (all lower case), there should be tons of weed in the ground, based on previous PR's you received. Now, everyone should know who you're dealing with. Crook; My Opinion!
Compare this;
Go look at ihub ticker BRGO and look at the posts, they are not from SGMD posters but they are exactly the same. After we shorted them they too fell to the same fate as all the other OTC's
These schemes know exactly what people will post when the hammer falls. They also know the same investors will jump right back into another scheme run by the same people that will eventually end up the same.
It is 100% the investors fault. Not the OTC pump schemes. If people want to throw money in the trash, they are right there to take it from you.
It's how these are set up and end up.
IMO- Jimmy Chan and Joe Noel won! Many investors lost.
Come on jimmy chan (all lower case), do another pump so I can forward it.
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Email: info@sugarmade.com Phone: (626) 346-9512
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SEC (EDGAR) - (OTCQB:SQMD) FILINGS
SEC FILINGS
On January 23, 2019 Sugarmade, Inc. (the “Company”) announced the signing of a Letter of Intent (the “LOI”) to acquire a retail location of Washington State-based Hydro4Less. The LOI outlines the general terms of a possible acquisition transaction. Pending the signing of a definitive agreement, Sugarmade will issue Five Million Dollars ($5,000,000) of its common shares at a price pegged at Ten Cents ($0.10) to the owners of Hydro4Less in exchange for the single retail operation, not including inventories on hand.
Additionally, via the pending transaction, Sugarmade will gain an option, at an acquisition price to be determined later, to purchase two additional Hydro4Less retail operations, which are currently producing in excess of Twenty Million Dollars ($20,000,000) annually. The single location acquisition that is the subject of the LOI, is expected to produce approximately Five Million Dollars ($5,000,000) for calendar year 2019 and is currently operating at a profit with positive operating cash flow. The Company believes the single location the acquisition would be accretive to earning for Sugarmade. Should all three acquisitions close, Sugarmade will increase its annual revenues by approximately Twenty Five Million Dollars ($25,000,000) million per year.
Hydro4Less is significant supplier to the growing hydroponic cultivation sector. Neither the Company nor Hydro4Less conduct any business involving the sale of any cannabis product or relating to any products containing cannabis.
BUDLIFE CANNABIS STORAGE
World's First And Only Patented Storage For Preserving Cannabis Flowers. Maximizing the Power of Medical Cannabis.
SUMMARY - Sugarmade, Inc. (OTCQB:SGMD) plans a leadership role in the market for cannabis storage via introduction of patented storage containers that utilize modified intelligent atmosphere packaging to extend the life of cannabis, preserve terpenes and THC/CBC levels, prevent spoilage, and reduce dangerous pathogens.
Authorized Shares | 1,990,000,000 | 12/31/2018 | |
Outstanding Shares | 646,888,318 | 12/31/2018 | |
-Restricted | 454,296,711 | 12/31/2018 | |
-Unrestricted | 192,591,607 | 12/31/2018 | |
Held at DTC | 184,493,775 | 12/31/2018 | |
| Float | 190,091,607 | 12/27/2018 |
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