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Lol PR didnt even budge price.
Well I mean jimmys got to let it run a bit to sell them shares haha. What a joke.
Long time holder. And sadly have to agree here. Dont think Jimmy has delivered on any of the deals. In fact stix was probably the only deal Ive ever seen come to light.
Same here 4 years and still holding it all. One day. Perhaps it will be worth it. Have seen this go from .02 to .40 to here. Still want to see jimmy capitalize on this market atm.
By simple grounds of mean reversion .05. Do it Jimmy.
Long time holder of sgmd. Used to run the board here. Just want to say in this bullish market this stock cant even pump. Sad.
Not even sure what to think of SGMD. What happened to Hempistry?
VERB should be making moves here as this is their niche imo as far as what is going on in the world.
Sorry to hear sonny. Im down a large amount my self.... just baffled.
yeh sadly Ive held onto this stock from the lows to the highs back to the lows here. Hope jimmy can pull something out... Id be surprised if he could at this point.
Im guessing tariffs probably had alot to play with some of the issues here perhaps. Either way disappointed in jimmy and this stock been here for a while now. At this point might as well hold and hop a dead cat bounce happens.
Not that it really matters that much, but when are Fins due?
Hempistry. Clues have been laid out already. They will also recieve 12% of profits from them for 2019 and they also still will hold 100k+ shares of BZRTH as well that should net them some from the.
Sugarmade also announces the first round of closings relative to its proposed investments in Hempistry, Inc ("Hempistry"). Late last year, the Company announced it had secured an option to invest up to One Million Dollars ($1,000,000) in privately held Hempistry, which began legal hemp cultivation in Western Kentucky last year and is continuing with cultivation this year. Sugarmade exercised its right to begin such investments via its first tranche investment of $190,000 allowing it to receive twelve percent (12%) of the profits of Hempistry's biomass and converted distillate or isolate cannabidiol (CBD) for the 2019 farming season.
https://www.otcmarkets.com/stock/SGMD/news/Sugarmade-and-Hempistry-Commence-Hemp-Cultivation-in-Kentucky?id=235965
https://www.otcmarkets.com/stock/SGMD/news/Sugarmade-and-Hempistry-Commence-Hemp-Cultivation-in-Kentucky?id=235965
On top of that SGMD still keeps 102,248 shares of equity in BZRTH
Yeh also jimmy is a chair with hempistry. May try and merge it. $SGMD
Seems like in the PR jimmy wants to move toward cultivation of hemp and MJ. I know he has ties with Hempistry
what are your thoughts on possibly picking up hempistry with the last PR?
Agreed love the new herr actually. Reduced OS and now looking to cultivate hemp and legal MJ
Hempistry deal lets see it!
Glad to see VERB moving up. Still think there is alot of work to go as early investors such as myself are still down quite a bit even after averaging down.
Looking forward to some new news here SGMD. Ive been gone for a while!
Whats that like 1500 dollars? Haha
Still have 1.5M here. Already wrote them off so ill just hold this punt till it pays massive... Or dies off. Gl pdxp make me some $$$.
Welll what do you know, no longer on the grey market. Haha!!!
Fellow longs! Congrats on the great news. Been gere for a while. Excited to ginally see SGMD achieve its goals. Once BZRTHs 30Mil gets recognized, next is Sky Unlimiteds 40Mill and Hydro4less and further more. Jimmy is building a west coast empire!!
$SGMD
Cant wait for $SGMD its been a long time comin. Loaded up!!
Ive been away for the summer, just getting back into things! Whats the date for Q3?
C buy for 2.5 million in the trade book. Been seein more of those lately!
Been seein some cash, "C" trades on the books these past few days.
Think Jimmy should put out an 8k or some PR soon. IMO
On a lil vacation, just popping in to a nice morning! $SGMD long and strong.
Good to see the smap price rise, along with rising volume.
$SGMD
Never said they were getting one. Was merely pointing out what was said in the 8k regarding K&J and the additional "planned upcoming additional financing" that will be used to close the deals. I think you miscomprehend what was said.
But anywho, welcome back Ironguts! Thought we lost ya after you sold! And no need to apologize, its been a long 3 day weekend. ;)))
I think alot of eyes are on the HR 1595 SAFE Banking act atm and watching for Federal legalization of MJ. Which could go through in 2019.
Also, I dont think people were really wrong about this Q. Most us use knew that Revs most likely would not be recorded. What we did gain is a better idea about the progress of the acquisitions.
I think Jimmy is going for K&J but also may be looking for a loan from a bank to complete the finacing for Biz,Sky, and Hydro.
If you notice in the in the May 21st 8K.. "The Company plans to utilize a portion of the funds received via this arrangement, in addition to funds from planned upcoming pending financings, to complete the acquisition of BZRTH."
The "in addition" part talking about other upcoming financings could be a foreshadow to possibly securing a loan from a bank? Just IMO, and could maybe not even need K&J. Could be anything tbh.
Otherwise Im sure SGMD is waiting on BizRight, and Skys financials to get finished being audited and Im sure that is quite the task because they have to make sure it is bullet proof when they submit it for recognized revs to the SEC. IMO it will be finished this year.
At any rate ill continue to add as much as I can at these levels.
$SGMD long and strong.
I get your fustration, weve both been here for some time, so im right with ya.. but with the most recent 8ks, 10Q, and Sched 13d, its clear to see that the deal is happening.
800k has been paid so far as well as the 200M in shares. Its all been explained. Once financing hits from K&J. its game on. I think will be soon!
SGMD has an LOI for a 1M dollar investment in Hempistry in exchange for "supply and matketing rights" as stated in the 8k/a. :)
SGMD has signed a deal to supply Hempistry for Micropagnation supplies for all those clones to plant on all that acerage.
Jimmy is a Director at Hempistry.
Jimmy is a Co-Founder of Hempistry Holdings Inc.
I think its fair to say we have already established a good solid relationship with Hempistry. So a merger with them is possible IMO. Would create a power house when you include Biz,Sky and Hydro4less.
Big things will happen here just a matter of time! $SGMD
Expecting news next week perhaps?
The BZRTH option was executed back in Feb with no further shares issued. Meaning the current 200M shares that have been given is for BizRight/BZRTH along with the payment of 6M cash, which only 800K has bee paid so far. The BZRTH PR can be found back in Feb 2019 as well as the confirmation on SGMDs facebook page.
Shares have been issued so once the cash is settled the revs from Bizright and BZRTH will be recognized.
"Sugarmade now plans to fully acquire BZRTH, a company associated with BizRight and has amended the Master Marketing Agreement giving Sugarmade the same rights under the Master Marketing Agreement for both BizRight and BZRTH."
https://www.otcmarkets.com/filing/html?id=13444378&guid=D8QyUeIcGgl3uyh
Question: Is the Company still planning to acquire BizRight LLC (“BizRight”)?
Answer: The Company had entered into a Master Marketing Agreement with BizRight, a leading marketer and manufacturer of hydroponic growth supplies on December 13, 2017. Separate agreements and understandings with the shareholders of BizRight contemplated, in part, a Share Exchange Agreement wherein the Company would have acquired all of the issued and outstanding shares of BizRight stock in exchange for the Company’s shares of authorized, a promissory note and earn-out shares. The negotiations required, among other requirements, that BizRight provide audited financial statements compliant with the Securities Exchange Act of 1934, to be filed by the Company in connection with the transaction. BizRight is currently having its financial statements audited.
Sugarmade now plans to fully acquire BZRTH, Inc. (“BZRTH”), a company associated with BizRight and amended the Master Marketing Agreement giving Sugarmade the same rights under the Master Marketing Agreement for both BizRight and BZRTH. Upon closing of the audit for the companies, which will allow Sugarmade full ownership of both operations and thus allow for full revenue recognition. To provide the funding of these businesses and to execute under the terms of the acquisition option, the Company will require additional financing and is contemplating an offering of its securities.
https://www.otcmarkets.com/filing/html?id=13362550&guid=D8QyUeIcGgl3uyh
Dont believe me? Provided links for ya. :D
Weve been over this quite a few times... BizRight LLC is the parent. Also can be found in the 8ks for further DD.
Everything has been pretty much been disclosed or explained. More or less we are waiting on a time frame for K&J and everything is a done deal to finalize BizRight/BZRTH.
Haha, as of 3/31/19 SGMD has 8,393 shareholders. Thats quite a bit in comparison to others. So i think there are tons of eyes here.
Either way, the 10Q reports that BizRight was given the 200M shares per agreement.
Im sure there are others in the BizRight company that are owed shares.