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Most of the selling today was me. Simply raising cash for buying into a private placement. Still long SIGO holding half and have none left for sale now. Having a profit and lack of company news my reasons to sell some SIGO.
If so then now California can move ahead and companies like SIGO will be able to use the banking system.
Said he heard it on the Canadian business news network BNN about an hour or so ago.
Not sure. My father just told me he heard it on business news today that the feds have now passed a bill regarding the banking to allow weed companies to use the banking system.
News about passing a bill for weed companies to be able to use banking system. Not sure of details but a big help to SIGO and others and why I think buyers coming in now.
You can add me to the list. Still holding all mine.
Trying to use the license scare was pretty lame. Did anyone think they were going to screw that up and throw in the towel?
True keep it simple is usually better and might end up that way in the end. As for SIGO as far as we are concerned when they are past all this and growing away with licenses in hand then they become a target to buy out. This was their plan from the start they said. There are some out there that produce way less than SIGO does and have over 100 million market caps already. One I know of is in that boat and has no license to sell and only grows under contract and they also have almost 100 million cap. SIGO will fetch a good price when the time comes.
I think you kind of hit the nail on the head there. Yes this is a massive once in a lifetime opportunity for them. And to hurt us or the stock they hurt themselves more being majority owners. True it has been a learning curve and they have made mistakes but are working to get it right.
The feds will pass the bill to leave the states alone to regulate it. Then the states can set up their own banking systems for it. This will happen quickly for California and seeing as there are only so many licenses other companies will swoop in to buy out their operations and get their licenses. There are a few large outfits from Canada that have already stated they want a piece of the California market and are looking now.
SO WHAT TO DO? BUY, HOLD, WAIT!! GLTA
If there are only a select number of licenses granted in the state then these licenses will increase in value hugely over time. For example a lobster fishing license first issued at less than a dollar is now worth over half a million and higher than that in some zones. Quite a gain. For California with a limited number of licenses and possibly the biggest market in the world then these licenses should quickly climb to be worth way more than the present market cap of SIGO alone.
I agree with your post here but it is high time they came out with news instead of just pictures.
Yes it needs some time. In my small group holding about 1% of the float we decided to give this 6 months to a year and see what happens.
Yes they are just getting started growing and adapting as the industry evolves. But some here want them shot right now out behind the barn when they are just getting out of the starting gate! Give them 6 months and the longs here will be quite happy I think. JMHO
In my group we are waiting to buy another 50k or more shares at the right time. Orders not in but waiting. Expect others doing the same. So if the shorters think the bids are thin and act then we are ready. Come on shorters drive it down please.
I am going to wait this out as well. Let us see when the report comes out. The future not the past is the concern. Even if a million or more shares get issued to get to the finish line is no big deal.
I emailed her as well today for some answers shareholders are most concerned about. If they do answer and I am correct in what they might say then I would not want to be short!!
That would be great if it happens. SIGO could then borrow from the banks instead and pay off all of the loan. It is what the industry needs and will have to happen sooner or later. It would also push this stock up over 5 bucks in a heartbeat.
Manipulation does scare many investors away and hurts everyone in the end except them of course. To get past them SIGO has to get into full production so the weak holders even see through them.
Holding here too.
growdoe the same happened with me except I first bought in a little lower than he did but did the exact same loading up when I realized they would get up and running. This is going to take some time to play out and complete more expansions. My only hope is that now they can grow with crop cash and not borrow anymore.
That sounds about right. So why all the panic?
The harvest numbers will show that they can easily repay the loan in cash to avoid any dilution. So they pound it down just before the crop numbers come out to load up.
Sad it is working for them. Not for long though.
Being shorted to scare away buyers and the holders to sell.
I agree and the 10k means nothing now with future growth on the way.
Obviously run by MM's
Yes the 10K is the past and does not matter now. Present and future growth is all that matters here now and down the road. We invest in the future not the past.
Give them time to get to full production and then expand from there. Stock price will follow and you will be quite happy. This does not all happen the moment we buy the stock.
Agreed. The 10k is baked in and has nothing to do with the operation going forward. If some get spooked by it and sell then we get rid of a few more weak hands.
growdoe all the uncertainty last year and misinformation has kept investors a little scared or wary which has actually created a great buying opportunity even now as we speak at this price. We bought a little more today at 1.73 in fact. A lot has happened to hold this back. And management constantly switching gears as well did not help. But it was a constantly revolving story and they kept trying to adapt to the situation at the time which I understand. Now it is all starting to come together and the plan is more fixed and solid. It has become clear now that they are on the right path and now we need numbers to gauge the results or success so far. Soon there will be nothing to hold this back as they come to a constant 2 week harvest mode of production in only about 30 days from now. And expansion again down the road.
So what is the risk/reward now? Zero from here? Or is it possible to hit 20+ with the right moves? When I look at SIGO at less than a tenth of the price of others cap wise and having a greater production with no insider options and placement warrants to dilute I am betting they will play catch up big time when the dust settles here.
There are others here holding as much or more than my family group does. One guy who does not post here very often had bought some in February and March last year in the 3.50 to 4 buck range and later loaded up in July and the first days of August when I did. He told me he now holds 83,000 shares which is way more than myself for sure. Back then it was just two people pounding the pavement trying to get this going. And when we realized they were going to make this happen we loaded. Sure others did as well so float is a lot tighter then one thinks.
Flipped a few and bought them back cheaper but it is going to get too dangerous to flip now with steady production only a month away. Steady production numbers will put a much firmer price on this above where we are now and further expansion will take it to whole new level. Like I say I am looking 6 months out now as the game plan is becoming more clear.
I can compare it to another company at over 100 million market cap loaded with cheap insider options and placement warrants with less space and production than SIGO and they do not even have a sales license like SIGO does. This puts SIGO to less than a tenth the price compared to them but with more production and no options and warrants to worry about.
So if you were looking for a quick flip then you bought the right stock at the wrong time. If you are looking 6 months ahead then you are fine. Between members of my immediate family we own just over 1% of the total outstanding float and none of us are worried or freak out on these price swings as we are looking 6 months ahead.
Will never see this level again !!
Many are invested here expecting it to run right up. So they get impatient or worried thinking something is wrong and sell. I am holding a lot of this bought last July and earlier and play other stocks while I wait this one out. Nothing much is going to happen till they get all set up and in steady production. I expect sometime this year we will get a good run as numbers build but too early yet for that.
Myself I have no idea on where the stock price will be by a certain time. But I do know that when that 4 million is deployed into greenhouses and equipment to expand then the stock price should reflect what that will earn and should be at least 10 times higher than where it is now. So I guess I can agree with your post.
They got the licenses to operate. Money to get this going is the biggest hurdle for these companies. You either borrow if you can or sell millions of shares at cheap prices and dilute. The 10k means nothing going forward. It is what that 4 million can do to set this up is what we should be looking at. Does one think that 4 million pumped into greenhouses and lights is only going to return pennies on the dollar?? In this business every dollar invested can return 10 times that back in a short period of time.
It is the future operation that will set the stock price. Expand so earnings expand and stock price follows. Quite simple.
Agreed. I just bought more here and not worried about it.