Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Mattie, that is why Suissac who wants to make sure Jimmy never does this again does not realize Jimmy will never do this again electivly not by force.
A debt investor who is not on any corporate filings is of no interest to the SEC or DOJ. What is legal is this:
A failed OTC paper company or any other failed public entity is contacted by the debt investors.
When the CEO agrees to the changes and the company restructures into a new HOT entity be it Marijuana, gold or lithium, they are not committing a crime buy changing the company structure. The same as if you owned a car repair shop and decided to make MJ bongs, all legal.
If you decided to change from auto repair to making bongs and do not know if it will work, you can say you are entering the $100 billion dollar Marijuana space with the INTENT to make $20,000,000 in sales if the product is taken to market but there are no guarantees it will sell.
You have your friend form a company and he send your company a bill for $2,000,000 consulting and you now have $2 million in debt. Now you issued to those who set all this up to pay down your debt for restricted shares ($20,000 for 100,000,000 shares) the debt investors file 3a10 and by LAW they are allowed to have those shares free trading.
The debt investors have their associates pump it up; create hot PR's that the CEO signs and the brokers start taking in investors money. As the news it hot and the interest is mainstream the debt investors know they don’t have much time before the intent PR's become questionable.
That initial faze is when the float and authorized is low but the share price is high with the intent to go to NASDAQ or they could be bought out is news that is so good you can't help but to invest.
At that point the debt investors who dump 4-5x the float with the data not showing on the share structure yet, no one knows how many shares actually sold. This is in a way the debt investors shoring the stock so they can accumulate money before paying off more debt. Also what I found out is, the debt investor’s plan is to make money and never spend one penny of their own. Not even $1.
It’s a game to them to make money and spend $0. Here is how it happens.
To make this happen with $0 they pay the initial debt for the 100,000,000 shares on the back end not upfront. The debt investors tell the market makers to just keep selling the shares at the initial high price even selling 4-5 times the float but no one knows and obviously the small retailer has no clue they are buying naked shorted shares.
Since the debt investors know they have access to unlimited shares from the company on the debt conversion, they will be able to cover any shorts sold by the brokers or market makers.
When SGMD had only 200,000,000 in the float that sold for $.18 more or less for $36,000,000 when in fact more like 800,000,000 were sold for $180,000,000. Some say NOT TRUE because that data would be available but since the shares are sold as longs, the sellers do not have to register them as shorts so the data never makes it to the short list data.
The reason is the shorts disguised as longs sold by the debt investors associates are assured they will get the shares so they do not get caught in a short fall of shares (short squeeze). This makes the short data at 0%
When the 800,000,000 are sold for $180,000,000 and those who sold them short (disguised as longs) made a killing selling them for $.18 per share and in order to back up the shortfall, they pay the debt investors maybe $.09 per share. Now the debt investors are sitting on 800,000,000 x .09 comes to $72,000,000 FREE MONEY that cost them nothing.
They then send SGMD $20,000 for 100,000,000 and instruct the CEO to increase the authorized to 10,000,000,000, more than enough to cover the shortfall that was sold well above the 200,000,000 float. That is why the float increases so fast as the debt shares are issued to cover the shortfall.
And during that time the process continues as more shares are sold with the assurance more will come but at this point the price starts to drop rapidly and the cost average buyers rush to buy more shares.
This cycle of Sell more then the float at higher prices then get shares to cover that also drops the share price (dilution). That is when one day you have 200 million float then soon after the float is 8 billion or more.
This is how you make money for FREE with ZERO costs and everyone makes money except the retail investors.
OH by the way here is how the paid pumpers get paid. Since a company is not allowed to self pump lies, they obviously can’t stop others from lying.
A paid pumper (and you know who they a by now) is issued an ATM card. The bank associated with the card is linked to a global bank. Pumpers post lies and manipulate the stock and are usually paid maybe $3 per pump post. Ever notice a pumper will post 5 in a row while communicating with another pumper how great the stock is? They are one and the same person talking to them selves and are paid for each post.
You will see 4 pumpers all at the same time often promoting the stock with the posts a few seconds apart, SAME PUMPER.
When they show their bosses they did a good job posting 1500 pumps all over social media they are paid from overseas the funds into their ATM card account. If they don’t work they get NO ATM cash deposited.
Once a pumper sees they can make $3000 a week they get hooked on the cash and that is far better then working at McDonalds for $400 a week.
So when you see a pumper with 50,000 posts on IHUB you can be assured they made $3 per post. NOW most will know this. You see ONE pumper post. GOOD STOCK GRAB, GOOD ticker, I’m all in etc. Those are beginner pumpers who just think they can post non-relevant posts and get paid? WRONG they are denied money just for posting words just to rack up $3 posts.
If you reply to a pumper and start a conversation with them, they get a bonus for getting interaction and those they chat with end up private messaging that allows the pumpers to lie in secrecy like they know things not public yet. That causes the investors to tell friends and family. That is a professional pumper.
In All this, everyone makes money but the debt investors by far make the most while the pumpers on ATM payroll make the least if you consider $100,000 a year a bad salary.
All this is at the expanse of the open market retail investors.
It’s all-legal and what is not legal is not enforceable because it is not traceable. You can’t charge a CEO or company with fraud if some pumper lies and you cant even trace the ATM money because its sent from offshore.
Everyone wins except for the investors.
This is NUTZ!--->
Suissac are you a pumper turned basher just to kill the price?
suissac Wednesday, 05/02/18 11:33:27 AM
Re: mudpuppy post# 11039 0
Post # of 52399
Mr. Chan, if you seek more funds I'll issue SGMD $300.000 for 6,000,000 shares at .05, you should have my email address. Thank you!
-
suissac Saturday, 03/24/18 03:35:39 PM
Re: CannaBeast post# 10035 0
Post # of 52399
New 52 week high $2.40 10X earnings. "I had a Dream"!
-
suissac Thursday, 11/23/17 05:02:56 PM
Re: None 0
Post # of 52399
The painting is on the wall, and boy it looks good!
-
suissac Wednesday, 08/08/18 06:09:44 PM
Re: None 0
Post # of 52399
You better wake up, this is real revenue coming in. All Aboard!
-
suissac Sunday, 09/09/18 06:08:59 PM
Re: None 0
Post # of 52399
SGMD could be bought out!
-
suissac Wednesday, 01/09/19 12:16:52 PM
Re: None 0
Post # of 52399
All Aboard! SGMD Shareholders, one thing I can say is, the Company ran to .41 cent on a lot less news then we have going forward. Stay Tune! My opinion...
Suissac, Jimmy will not return. These pump and dump CEO's only did what they did as an exit strategy. The people you should worry about are the ones behind the scenes that will do exactly what they did with Jimmy only with a different CEO.
These schemes never ever recycle an OLD used CEO for the exact reason you posted "let jimmy try and do this again" Too many people know his name and it’s tainted if used as a CEO again. So this is just another one to chalk off as a loss.
This is NOT Jimmy doing all this, it's those running the scheme behind the scenes. You will spend an eternity following and hunting down Jimmy to no avail because these CEO's only do this once.
You have (based on your posts) yet to understand how this works and that is why you are mad and keep losing money. This is not Jimmy’s fault but it’s made to look that way to have people do what you are doing. Focus on the patsy not the real culprits.
And while your on your quest to stop jimmy, 100's of more Jimmy’s will appear on more tickers with intent marijuana and lithium battery and gold mine PR's
If you spend you life hunting down Jimmy like a colonial hunter trying to hunt food for his family in the cabin, your family will starve.
Man! I do feel for you. I feel your pain and anger in your rants but they are wasted words that Jimmy or his pals never read and if they do, they are laughing.
I figure it takes you maybe 3 seconds to type (all lower case) when you address Jimmy. My guess is if you spend your life trying to stop Jimmy you are losing 3 seconds of your life doing that each time.
Beware though it can add up just like the losses people have with these scheme tickers.
On that note? How did you invest in this based on intent PR and why did you not question Jimmy back when you invested? If you say Jimmy is a crook now you must have had your doubts he was legit when you invested?
You had to have known it was intent and may not happen and took a risk. If it paid off Jimmy would be your hero and when it tanked hes a crook. So you must have known this already.
BesaoT35, there is ONE RULE if changed would STOP all otc fraud, pump and dumps and dilution.
That rule would be to STOP allowing the 3a10 debt conversion rule that allows a small amount of debt to be paid and exchange they debt payers are allowed to free up the shares they exchanged for debt that creates the dilution.
If the debt conversion rule was eliminated, ALL pump and dumps would vanish in one day and the OTC would lose about 5000 tickers.
Without the debt rule, the authorized shares would be restricted for a year but scammers want all the money NOW not later and later they know the debt conversion company will no longer exist if they had no debt rule in place.
Since these debt diluted schemes have no sales or revenue, if you cut off the debt rule they would have no access to retail suckers money. If you take away the dilution dump, they would lose the access to the debt dilution mega bucks.
No money means no OTC can sustain their existence since they have no sales. Fraud would STOP that same day. The OTC's that did have sales would pay debt from sales and profits like a REAL business does and not diluted stock.
The market would be all legit in most cases and fraud would stop or at least 99% of it.
But with $25-$200 BILLION on the line that law change will be hard to do since congress is also in on it.
Mattie, You are also failing to understand that all the debt, shares, loans etc. are all part of the scheme, the debt holder is created to justify the debt conversion of restricted shares into free trading diluted shares.
All the data you read about including all the convertible note holders and shares this and shares that is not real. It is just the way they create fake debt and also make sure the debt is owned by them through 3rd parties.
Believing in all that merger, loan, debt, convertible, shares for money PR is the same intent PR that got everyone in this mess to begin with.
If Jimmy had VALID debt of let say $2,000,000 that is owed to a valid company for products. Why on earth would he issue 100,000,000 shares for $20,000 and dilute the float and kill the share price?
Because the debt is not valid, it is in a way owed to him thru those 3rd party associates. That way when the debt is paid, the $2,000,000 goes back to Jimmy not a valid debt holder.
Why would ANY CEO kill the share price and ruin the company just to pay down debt? And the way they are paying down the debt hurts Jimmy and SGMD not help them because of the fact they own the debt themselves and he’s taking the debt payments.
If SGMD owed $2,000,000 in debt, they could have easily paid the debt off by the sales they claimed or the $10 mil PPE order or all the other money making mergers and partners they said was a cash cow. The proof this is a debt-selling scheme is that the debt is being paid off by dilution debt rather than making payments from sales proves they have NO sales and created false debt.
Why would Jimmy kill the company and also allow the debt investors to make $50,000,000 or more? Because he needed them to pay the fake debt that is owned by Jimmy so Jimmy can get some of that fat cash ($2,000,000). And those running the scheme work with market makers, brokers and pumpers that Jimmy would otherwise no have access to. The debt investors pay the pumpers and market makers out of their cut of the debt dilution dump.
The reason why those who run the schemes do not get arrested is:
a) They have no association legally with the ticker so they can't be charged with a crime.
b) They did get in trouble and paid a fine in exchange for NO charges.
YES the SEC if they have enough evidence to send over charges to the FBI they will tell the scheme to pay a fine instead and also that the CEO cannot be part of a public company for 5 years. Big deal, the schemes just fined a new patsy CEO and there are plenty.
If the schemers mess up and cause a DOJ issue, they are happy to pay a fine and when they do there is NO DOJ records because no charges were filed. Pay to play sound like but it's TRUE!
Also the fines are not as much as people think. A fine can be $100,000 even if they diluted $50,000,000. Not a bad price to pay to be able to do this indefinitely.
:)
Suissac, You still don't get that the fact is that Jimmy is NOT the problem or the cause of all this.
Jimmy is just a patsy used by the shadow debt investors that latch onto a CEO who is desperate to make a few bucks from his failed public entity (SGMD). Jimmy knows full well this is his first and last stint with this scheme. If Jimmy is banned it won’t matter because he has no intention of doing this again. He would have to once again start a public entity at great expense and have it fail again so the scheme debt investors can latch onto that new ticker.
These tickers like SGMD are at the last leg of their lifespan and once it is over, Jimmy will retire or try and have his small share of the money SGMD raised to afford some sort of future but it won't be much since he got so little of the money raised.
Jimmy is in many ways also a victim. His name is on all the filings so anyone would think he’s the only one doing all this when he likely was promised a lot more money than he actually received. If Jimmy were to break the law and banned it will not stop the pump and dump schemes because the position of Jimmy is just a planted patsy to file, be blamed, take any heat from any regulation enforcement actions.
Jimmy is so low level that he’s likely being screwed out of millions, why? Because those running the scheme told him he will make $10,000,000 if he does what they say and when he does (change SGMD from paper to marijuana) he ends up getting not $10,000,000 as promised but maybe only $20,000 in dribs ad drabs.
He ends up being told, “If you want more money, issue (Us) the schemers more shares”. Since jimmy got his taste of his first $20,000 free cash, he ends up making the decision that if he is to get the $10,000,000 he will have to increase the authorized to 10 billion so he can issue more and more shares to the debt investors who hold Jimmy’s $10 million hostage unless he keeps issuing more debt shares.
As the debt investors dilute killing the price, they go back to Jimmy and say, “we can't give you more then the shares are worth so you have to issue us even MORE shares for the same $20,000 for each 100,000,000 you issue to us.
Jimmy now knows the only way he will end up with some money is to keep issuing the authorized as debt is paid. If they pay Jimmy $20,000 per 100,000,000 shares on artificial debt and SGMD has 10 billion authorized means Jimmy will sell 100 blocks of 100 million shares. $20,000 times 100 is only $2,000,000 so that is about what Jimmy will make if even that much.
If you follow the money Jimmy received it would be a fraction of the money people have been duped out of. If the SEC even did go after the money, Jimmy is the only one linked to any funds and $2,000,000 which is likely all spent will never be recovered. Everyone must know by now that SGMD sold off shares cheap and those who resold them made at least $50,000,000 to maybe $100,000,000 or more to retail investors and Jimmy got very little of that money.
All the CEO did was issue shares pay off debt, which is legal. And those who paid the debt and received the 100,000,000 shares for $20,000 ($.0002 per share) have every legal right to resell them at any price to recover their debt payment even if they sell the shares for $.01 and make $1,000,000 once the shares are issued by Jimmy for debt (legally), those who own the debt shares are not part of SGMD or owe SGMD or shareholders a dam thing.
Any money you all spent on SGMD did not go to SGMD. Not one penny. If you buy more SGMD shares today, that money does not go to Jimmy or SGMD so your investment does not help the company at all.
If all these shares are being bought and none of it is going to SGMD, SGMD cannot achieve their plans or goals with no cash and only debt. That means the only way your shares will increase in value is if new suckers jump in and rally billions on the asked. But even if that were to happen the market makers will just buy more shares cheap from debt investors who just get more from Jimmy and NONE of the bid trades will be from you or any retail investors.
It’s the same as if you bought a 18K gold Rolex at a yard sale for $100 then you resold it at a pawn shop for $3000 and the pawn shop knew it was a rare model and sent it to auction and it sells for $500,000. Then the garage sale seller says YOU screwed them out of $500,000 and you say NO you resold it for much less then $500,000 they will still accuse you because of the fact no one else is available to blame.
Jimmy is a pawn a patsy who is told to put out PR’s that Jimmy just signs that he probably never even composed. Jimmy is just in this to make his $2,000,000 and vanish never be a CEO of a public company ever again by choice not regulations.
The ones running the scheme will just move onto a new CEO and start he process all over again. As long as there are 12,000 OTC with most being very questionable you can imagine the money that is made doing what they did to Jimmy with 500 other OTC’s at any given year. If they made $50,000,000 with SGMD and do with the other 500 schemes that are just intent pump and dumps, that is serious cash.
$50,000,000 x 500 is $25 billion clams each and every year. And each and every year 500 or more tickers come and go on these schemes and each time they re-emerge and investors jump in and will never stop.
25,000,000 investors who will average each year $1000 on one ticker or spreading the $1000 to 10 different tickers still equates to the same $25 billion (more like $100 billion) annually lost to these schemes.
That problem is NOT the companies of even those like Jimmy's fault. When you read a PR written by Jimmy you need know that your reacting to intent words and since you don’t even know Jimmy personally you can’t say he is honorable. You react to intent news, buy shares like a lotto ticket and hope for the best. None of the PRs say a sure thing so buying into them you have to know it won’t happen as intended.
The issue that keeps these schemes thriving and making billions each year are due to one factor, investors who just don’t know or care about intent, rules or honesty with the CEO, they just want to gamble $100 to make $1,000,000 and that never happens.
No one here knows Jimmy and only trusted him by his intent posts. That is the crazy part of all this. Especially when the PR or 8K says clear as crystal that investors could end up losing all their money. So when the money is lost, investors should be applauding Jimmy for being forthright and honest by saying you may lose all your money and when people did he can say he warned you.
You cannot now go back and say he tricked you or lied when he said well try but there are no guarantees and you may lose all your money. The entire issued with schemes like this are the fault of ONE group of people and they are:
The retail investors who believe what they read also fail to read what they believe.
If Jimmy is stopped it will be by his choice not yours and before anyone even looks into this it will be all over with no one to contact.
Suissac, Man I feel for you. You are doing what 1000's, 10's of 1000's, 100's of thousands do when the stock tanks. Sec, Finra, DA, Congress, FBI, OTC, Top Secret contacts who will take action that so far over the past decade not one of those similar posts have amounted to any enforcement action or court case.
I know what you are going though and maybe this will be a lesson not to keep jumping in on these schemes that all operate the same way as I mentioned in my previous post. SGMD is not a new scheme, the ones running it are seasoned professionals who know how to keep from having any issues with the law.
The debt investors are the same group who did the same to 1000’s of other here today gone tomorrow tickers on a pump and dump program that everyone seems to love to keep buying into. When people buy crap, people will continue to serve crap.
I am not a gambler but if you gave 1,000,000 to 1 odds that your efforts will pay off I would not bet even $1 on a possible $1,000,000 win because I know I would lose my $1. But that is exactly what these scheme investors are doing, betting $100 to make $1,000,000 and the outcome is and will always be the same as you getting any results.
I would tell you your wasting your time but kudos for trying. At least your posts and actions are entertaining like a suspense movie but unfortunately it will be under the category of fiction and not be a true story.
If you managed to do what you want, arrest Jimmy and everyone gets back their money, it will be the first time in history a pump and dump got punished and all funds returned. The real problem is the money is gone never to be found in off shore accounts and Jimmy’s cut of the loot is also long gone.
Also you have to remember that when you sue the actions of a corporation you cannot sue them personally, only the corporation. And if there is no money in the corporation there is noting to win. Even a judgment would render your efforts useless as there would be noting to collect for compensation.
As these similar events happen with posting that the CEO or others will be investigated soon ends up like dust in the wind. IHUB members will vanish, the ticker reversed or even changed to a new ticker and another lesson will have been learned once again by those who do not want to learn.
Will wait to see the real outcome, not what you say will or won't happen but a result. Again at 1,000,000 to 1 odds you will prevail I would not bet $1.00
Sonny, That's the pattern with these stocks and every one, and I mean EVERY ONE of these tickers sets up with the same structure and people keep investing so investors have to know that the same outcome will happen.
1. Low float, high share price on HOT “intent” news.
2. Low float is dumped for tens of million$$.
3. Authorized increased to billions of shares.
4. Price rapidly drops to attract cost average buyers.
5. Price declines further as debt shares dilute the float
6. As price drops, new investors jump in.
7. Everyone is told the price will rise back up
8. Price keeps dropping and more cost average
9. Intent news runs it's course as people cry fraud
10. News and marketing stops
11. Investors who cheered now cry fraud, crook
12. Company did not break the law, no SEC enforcement
13. Shares continue to sell from debt shares not investors
14. As long as people buy cheap, shares will be available
15. Once the authorized is gone, news stops, stock shuts down.
Since this is the norm on these tickers, the next ticker anyone buys that starts out the same as #1,2,3 that 4-15 will be the outcome.
By shorting these stocks at #1-2 then buying them back at #8 is the only way you will ever make money on the OTC.
When 1,2,3 are in play, I am guaranteed to make money at #8
Suissac, SGMD is well protected and by the time anyone even PAYS for an attorney to file a lawsuit they will never win. Jimmy, the money and company will be long gone with no address to send the lawsuit to and the phone he’s using is a cell burner phone that will be tossed in the ocean.
Not to mention no attorney will take the case on a win contingency because once they see the disclaimers they know the case will be dropped in court and they will require a $30,000 or more retainer.
No one person will take that cost to attempt to win back $1000 and no one will start a class action with each member having to pay up front still more then they lost. More money wasted with no results.
Same with the SEC, they will not file any charges with the DOJ. You can say someone is looking into it like you have been for over a year and the answer is the same, Buyer Beware! The authorities are required to look at complaints but not enforce them when no rules are broken.
If they knew SGMD was breaking the law it would have been acted on years ago. The fact that it is not means there is nothing SGMD did to warrant a DOJ investigation.
Forward-looking statements say written or verbal. Regardless of all this the fact is you will never get back your money, no one will. The stock will keep tanking and more added to the authorized.
You can ONLY make money shorting these stocks. You have to play with the house not against it. And the house always wins.
SGMD does not even read these ihub posts, they are above that. If saying (all lower case) makes you in some way feel you stuck it to JIMMY by all means, type away.
Your money is gone. If you got out like you said you did, it has just become a wound-licking event.
Sometimes you have to just cut your losses and move to the next ticker. And you will more than likely buy into another one of these schemes for one reason. Greed and the need to gable on a lotto odds risk that never pays off.
When you or anyone buys these stocks the first thing you say is, “what’s $500 bucks to take a chance to turn it into $100,000 and if it does not its only $500”
The problem is when the $500 tanks to $5.00 people treat the loss as if they lost $100,000 so they blame the CEO’s for not making them rich. And most already had the money spent on cars, homes and vacations.
The reality of that cash windfall becomes a reality more and more in people’s minds, as they want to believe it will happen to the point of obsession not in reality. That is a manifestation of insanity.
But all along investors say they will use $500 take a risk and if it fails its not a great loss. That changes when the stock tanks. Well here we are! A complete and total loss. To investors who bought high and cost averaged to the abyss.
Now with the screams of threats of SGMD being sued, congress arresting Jimmy, the SEC putting cuffs on the SGMD team and all the TOP secret people on top of this, I have to wonder what happened to the “Its only $500 to take risk”.
That proves people going into these stocks know full well the risk and they also know the outcome. They just like the lotto risk high rewards fantasy that never comes.
Investors who invest this way need to stay clear of the OTC!
Although most who did invest in SGMD also told friends and family it's a sure thing and have to face that embarrassment which may be the real problem when people invest, they become the schemes BEST PR outlet.
I did not bring this rainy day with my valid posts. I just have the biggest umbrella.
Not2wise. Yes correct. He is within the law--> to do what he’s doing.
Being immoral can be legal or illegal. If you’re immoral and kill someone you go to jail. If you immoral and tell people you may make millions in revenue just to dump shares is not illegal.
The thing people who invest in these schemes forget one thing. These OTC's go into the scheme with the intent to be immoral and make legal money doing so.
They don’t go into this to sell products or make things work or spend money on R&D to achieve their goals. The goal all along was to scheme, make money and eventually fold. The immoral part is a byproduct of the act they set out to do from the beginning.
If they know full well what they do is immoral, the $50,000,000 or more they made must make the guilt of being immoral non-existent. Lets face it, Jimmy’s paper products were doomed and he would have folded with no money but maybe with morals, but last time I checked, morals don’t pay the mortgage, car payments or groceries.
When a failed OTC has to make a decision to fold broke or merge with a scheme to make money, morals are no longer part of the equation. Its simply survival.
This will eventually slow down, no marketing and no market makers will post a bid or asked and if they do it will be a bid of $.00001 and an asked of $.10 as they all usually end up being.
The problem is that investors know this but still risk some money like a compulsive gambler and anyone by now knows full well that any PR that says it may not happen or likely won't has to know it won't.
When SGMD said they were going to file to go to NASDAQ, everyone had to have known then that they did not meet the requirements for up listing so is the problem SGMD being immoral or investors just being stupid?
Immoral is non-existent when these OTCs know full well that if they don’t get investors money, they will invest in a different OTC scheme. SO on that note, if people are willing to TOSS money in the trash the game is which OTC has the better scheme.
The only ones saying SGMD has no morals are the same people who should actually be saying HOW STUPID AM I.
This is the hard truth. Some will be mad but regardless, it is one of the facts to OTC investing. Believing that intent is a sure thing will always cause financial losses to investors.
Once this scheme is over, everyone will move to the next scheme and eventually another immoral CEO will be born yet again. The only way to stop them is to not invest but that's like asking a drunk to be a bartender and also investors know, if they do stop, they will have ZERO chance at one ticker actually hitting it big and they don't want to miss that lotto chance.
OTC schemes know investors can't help themselves and will continue to invest in intent schemes. If investors are giving free money away, OTC's will always be there to take if from them.
It is not being reviewed. If it was non compliant it would have been reviewed back when it was published. I told you reviewers (SEC, OTC, Congress) will look at the disclaimer and say SORRY they did not commit fraud or break any regulations.
You can cry review, fraud, spell their names in lower case and call every elected official to investigate. But its futile and will end up as it always is.
People bought this stock knowing full well based on company disclosures that they likely wont achieve any of their goals.
Suissac, it does not matter if its written, verbal or on a billboard. The fact is they did what the did in the bubble of the LAW.
I would be more worried about the sadness they are feeling when you post you are using lower case.
They did not break the law, they will not break the law. But you have to know this having had it happen many times with other OTC tickers.
You can just say now this is a first.
Suissac, you are 100% correct about the PPE SGMD news release on the $10 million PPE order. It states it's just an order not a "Cleared check" order. You notice the disclaimer and also the mention to review the 8k? Both say it likely wont happen.
An order is legal and can be promoted and so is a cancelled order. If you also notice they negate the SEC COVID fraud clause by saying the order is for NON-medical items.
It's all there in print. They say they got an order but never filled it. That is the same as you owning a pet store and someone sends you a PO for $10 million for fish food but you don't buy the goods until you get the money. You tell people you got a $10 million order but soon after they cancel the order because the check does not clear the bank.
Obviously shares are dumped on the order news and soon more are dumped on the new news that overshadows the PE news
This is typical for OTC tickers to be able to say HUGE sales with out actually getting any sales.
No sales benefits SGMD in the MJ space. The MJ was a ploy to attract investors not open MJ stores. Let say they did sell $20,000,000 in MJ products and netted $10,000,000.
Now lets pretend SGMD posts $10,000,000 in net profits. That revenue and net does ZERO to help e stock. If SGMD does some reverse stock it wont be due to the high sales and net to make the shares worth more after a RS but to close out investors holdings in preparation for a reverse merger and new ticker and cusip number.
IF your lucky they may issue you new shares in the new ticker but it will be just a few that will cause people to start again and reinvest in the new hot topic. What was once paper supplies became a HOT topic marijuana stock because the store needs to be HOT to sell shares.
My guess is when the dump is over, they will reverse into a new lithium batter stock and claim Elon Must COULD buy the out and they know everyone will rush to buy the new ticker. That is when I short it and make money buying back for less. Thanks to investors who just do not get it.
EZ2, saying you may cost average is exactly how these schemes are set up. The more people cost average the more impossible it is to sell at a profit.
If you paid even $0009 at the most and it drops to $.0003, your cost average will be $.0006. But as they dilute the shares and price, they attract new buyers at $.0003, that means if the stock even rises back to $.0005, those who paid $.0003 will dump them for a fast profit.
Those buyers who enter at $.0003 will not wait or believe it will rise back up to $.01 or even $.001 so they dump them to make a quick hit and with 100's of million to buy and resell, no one who cost averages who even bought in at $.0009 will make any money.
What is really sad is many who cost averaged are into the stock for much more than $.0009 more like $.01 and even $.001. No matter how many times they buy back in for less to cost average, the dilution is controlled by the debt dilution to regulate the price down and never up. I have said it many times. That debt dilution death spiral is calculated so no one can sell other than the company and debt investors.
This is not due to a bad CEO or bad decisions as a company, it is calculated and set up this way. To sell 10,000,000,000 shares even at an average or $.003 comes to $30,000,000 all from selling diluted shares and not ONE marijuana product.
Eventually another 10,000,000,000 or more will be added to the authorized and those will be sold to cost average buyers and new suckers who just want to buy 1,000,000 shares for only $300 just in cast they do rise back but they never do.
What cost average and pump stock investors never think about is, the more dilution the less likely anyone can sell on the slightest uptick to cash out. Like I said the other day. OTC investing is like 20,000 NY marathon runners all trying to cross the finish line at the same time. But only one wins and 19,999 lose.
That is the same with these diluted stocks and why they never rise up to profitability of if they did will only allow a few to cash out before the market makers drop the price below profitability.
And there are at least 20,000 investors with their buy orders in so they can even break even. If no one can sell at even a profit, what makes investors think they will break even?
Although many will see green MAYBE, in their accounts is only due to the false manipulation. Its not what you see in your account but what you get in your wallet if you cash out. The difference is the green is on the screen is not green in your pocket. the moment you see your account in the green will always be red if you sell.
At this point of the massive dilution, green is no longer an option to be seen even if its a false reading.
Problem is it tanks on any news. not because of the market reaction but the release of 100's of millions more shares on a declining share price that allows only the company and debt investors to make money leaving all retailers at a total loss.
A ton? People say they make money and really it is not exactly accurate. For instance, you said you sold last February at $.02 but form what I see the max that month was only $.01 and even if it did spike to $.02 which it looks like it may have but for only for some small volume than the only thing I can see is your ton is maybe only a few hundred bucks if that. No one wants to say they lost on this one or even admit they made a huge mistake.
I have said it many times. SHORT these tickers because they all tank soon after the increased authorized. After we got out of this ticker I decided to try an experiment. Since we made a TON on the short which is a sure thing, guaranteed I decided to buy back in with a tidbit of the net we made just to say that we now own SGMD for less then what anyone else paid because everyone cost averaged and will always be into the stock for more then they can sell it for.
If this ticker goes back to even $.001 on the bid, I know no one will sell other than at a loss. I will be able to sell at $.001 and make money because I have no cost averaging issues everyone else has.
No one got into this stock now at $.0009 unless they are cost averaging. While retailers wait for $.005 or more to break even, ill be long out of this. Just to note, I do not believe it will even rise back to $.001 and just continue to decline. At this point having capped out on the short, I figure what the hell and buy some and see what happens.
No one will be able to sell on an uptick. Only those who own free trading inside will sell before any retailers.
Think about selling SGMD like this. If everyone can sell on your assumed 10x uptick means 10,000,000,000 shares will have to have buyers at the higher price allowing all SGMD holders to be able to sell and that will never happen.
If there are 20,000 who own SGMD maybe 2 will be able to sell before the market makes kill the price back down below profitability.
Saying everyone to sell is like having all 20,000 NY marathon runners all cross the line at the same time so they all win. There is only one winner and a few runners up. After that the other runners are ignored.
That is what selling these pumped stocks are. Most in a race they will never win.
On these kinds of tickers, when the pump is over they will RS the stock.
If you paid $.02 for the shares and bought 25,000 for $500 and they do a 200/1 RS you end up with 125 shares. At the current price of $.0009 multiplied 200x would put the stock at $.18 and end up at the same pre dilution price.
Here is the problem. If you paid $.02 or more for the shares, 200 times $.02 means your into the shares for $4.00 and everyone knows the price will never recover above $4 and many who paid $.18 pre dilution prices will be into the stock for $36.00 per share but most cost averaged and if so the price they would be into the stock would still be above $4.00.
Many who are not on top of this RS stuff will see the price go from $.0009 to $.18 and think it’s just due to the demand for shares. That is when you short this again because they will soon after the RS, increase the authorized back to 20 billion and history will be repeated.
BUT beware! usually the company will not only RS the stock but get a new cusip number and a new ticker. A new scheme will emerge and the same who bought this ticker will jump on the new ticker. If you do and invest the same way, you will lose all your money, AGAIN!
Buy, sell high before dilution, when high short and buy back lower, rinse and repeat.
Making money can be easy and so simple.
Here is another way to play on the OTC. Just to make a point.
When a very costly set up starts before the PUMP when they move the price UP first then dilute, you have to get in FAST and out FAST before the dilution debt happens.
HINT, the volume is so low because they are working to set up the PUMP so you get in NOW before the rise UP then get out then short.
Ticker HZEN a Grayscale company is going to do with that ticker the same as they did with GBTC. BUT if you get is now and it moved up even 3x GET OUT! Do not get greedy and believe it will go up more, or buy some, sell to break even and hold the rest.
Even if it rises do not panic after selling saying you could have made more. You will make much more when it keeps going UP, than when they increase the authorized like SGMD did from 200m shares to 10 billion shares you short it and just wait as new suckers jump in on the pump play.
You make some money now and even more on the short, what you do NOT do is BUY on the decline or cost average. Buy now, sell at a net wait for the rise then short it.
IT works because they all follow the same pattern. Charts mean squat, the reality is to play the game the same way the pumpers do.
On that note EDDYF is doing the same but its only $.10 with less than 5,000 traded that is the signs of the pump set up AFTER the increase.
When HZEN hit $15.00 recently boy were we happy BUT that is the set up to move the price way UP before the dilution. HAPPY HUNTING!
Don't get greedy, just enough to make some fast $$$ then SHORT IT!
:)
Suissac, saying you have a meeting but can't say with whom, why not just keep quiet? That's as dumb as someone saying they have a way to pick the winning lotto numbers but refuse to do it because they promised their wife they would not gamble any more.
There is no meeting and even if there was and you present your data all they will say is that you were warned about intent and that SGMD may not achieve their goals.
Saying they got a PO for $10,000,000 is legal. All they had to do was have someone (an associate or even family member) place an order for $10,000,000 then a month later the order is cancelled by the buyer and the post dated check was never cashed.
The $10,000,000 order is a legit order even if it eventually is cancelled.
Anyone you speak too will bring up the disclaimer and you will be sent home dejected.
I know its frustrating to the point you say you will call congress, the senate, the SEC, the FBI, hell call the girl scouts and all the mystery people who think will help you. Its OVER and you have to realize this is all due to investors taking risks knowing it will never end well and the company even says that it may not end well.
If tomorrow SGMD went to $.20 per share, you would be the first one to say GO JIMMY! GO SGMD! Again that means if you really believe they did wrong, would you also go to your secret meetings if you make lots of money on SGMD? Of course you would not.
OTC investors are mostly hypocrites. If the stock goes UP who cares how, as long as it goes up and when it tanks, they are crooks and always were. If you know they are crooks why not file complaints when the stock was UP?
Complaints are always filed only when the stock goes down and those selling the diluted debt shares know exactly how to word things legally that OTC investors rarely ever read.
Good luck with your meeting and ill take the Thin Mint and Peanut butter cookies.
Suissac, You cry foul when the price does not go your way. You have cheered SGMD many times after that $10m PPE radio event. If the stock ran up to $.25 you would not even make that an issue.
If tomorrow the stock ran up to $.25 you would congratulate jimmy, when the stock tanks you threaten him. That is the OTC investor’s logic. Buy crap knowing its crap but if it takes off its all good but if it does not you want your money back.
You can’t have your cake and eat it as they say. And even if he did get a $10,000,000 PPE order, it would not have made the stock rise and the price would still fall.
OTC stocks to not fluctuate on revenue or sales, they only fluctuate on hype and intent. If Jimmy tomorrow won the lotto and put $50,000,000 of the winnings into SGMD, the stock would not react or even budge.
Pump and hype makes OTC tickers rally and always on a declining price that never recovers. $10,000,000 or $1,000,000 or $1, money is a moot point with OTC stocks. The reason is everyone wants to buy in at $.0001 and believe that if the stock went to $1.00 like many claim everyone who invests in OTC stocks would be millionaires.
Even IF Jimmy put $50,000,000 into SGMD they would still dilute debt shares and make even more money never seeing the share price recover.
But you know this already, all OTC investors know this, they just want to believe ONE will come along and win and make everything better. Never gonna happen by friend, NEVER!
suissac, you said that 1000 times already. When you see a rise, SGMD is your new best friend and when it tanks you cry fraud. If you cheer on the uptick than you are agreeing to their fraud and condone it.
As long as the disclaimers say you may lose your money and they may not achieve their intended goal, there will be no enforcement actions against SGMD.
Investors are only to blame. 100,000,000 traded most days and those shares sold do NOT come from existing shareholders but directly from the debt issued shares each day.
The ONLY ones selling are the debt investors who are diluting this to $.000001 and NO ONE who invested in SGMD made any money. If they say they did, they are lying.
We did not invest in SGMD, we made money betting they will be diluted and have the shares tank. My ONLY regret was we bought back to soon. If we had held out the shorts for this new low, we would have made another couple hundred grand over what we already made shorting this ticker.
There is money to be made and doing it your way is a 100% guarantee you will lose all your money.
I feel for you. Its sad but its the way it is on these tickers. The new PR is not for you and the other shareholders. Its to attract new investors who will believe the stock will rise back to $.20, the problem for you and most is that anyone buying now for the first time that did not cost average can sell and make money on even the slightest uptick.
The bad part is that no one will make any money who cost averaged down because the price paid on average is still higher then anyone who buys now at this low level.
NUGS. low float, issued under 400m, authorized under 1b and revenue is up 700%.
Never expected? The writing was on the wall.
If they open more stores, this stock may have a chance.
They are planting Kool-Aid seeds.
Pickle: Exactly. If you look at the trade data is shows 253 trades and about $250,000 total sold. That is about 253 people buying 1,000,000 shares for about $1000 each.
However the trades are not all 1,000,000 most are less, that means that either some are buying more than $1000 worth or there is some manipulation on larger volume tape painting trades to get the volume up to lure in more to the stock.
For each trade under 1,000,000 shares means others are buying more and the more treads under 1,000,000 means some are spending $5000, $10,000 or even $25,000 but those are phantom trades just to excite those who only buy $100 or $200 worth.
Painting the tape is illegal but let's be honest, they still do it. And the bid price are shares being bought from the company debt for much less than the bid. No one can sell at a profit who is cost averaging.
A+ for effort Pistol!
No, they mean $.000085 as if even $.0085 is a good thing? It still stinks.
$.02 wold be a miracle and even then only one person may get the bid sell order filled then the market makers will drop it back to $0001.
After shorting this high and buying back low, I decided to just buy a bunch at $.001 for S&Giggles.
Since everyone here has cost averaged down, they still would be at a loss selling at $.002 while I double my money. So any slight rise, ill get out, double my $$$$ while the cost average buyers have to wait further.
That's how to play this game and WIN!
Too many shares outstanding
You wanna buy it? For 4 cents? LOL!
Re: With your statement denying that Mr. Chan did not have a conscious seems ridiculous.
I have a large old bridge in Brooklyn I need to sell to you!
Until your shares rise into profitability (not green in your account but cash in your pocket) I am full of truth and logic. The only thing that is full of "IT" is your trade account and the RED you have known as SGMD and all the others in RED!
My posts are accurate, yours are emotion driven and that is what gets investors in trouble. They buy stocks on emotions not logic.
HAPPY NEW YEAR!
There is no wall and his conscience is clear, the plan from the start of this pump was to dump debt dilute and take investors money. If there were any remorse or guilt it would have been done before he decided to partner with the debt investors.
Keep in mind this is not about greed but survival and just like you living next door to your best friend who has food and you do not and you have a starving family during some civil unrest, you would surly take his food or kill him if it means saving your family. You can say NO you won’t but yes you would if that were to happen.
Jimmy had a failed paper company, if he did not take the debt offer to covert to a marijuana scheme he would have folded and had nothing. He had to make the decision to increase the authorized so he can issue 100,000,000 each time to the debt investors for maybe $20,000 maybe more maybe less but far less then even the current price.
It was feast or famine, do or die. He had no choice and either way he knew and I also knew the stock would tank and never recover and in every PR, 8k, 10k and filings he signed a document saying that investors know the risk and that SGMD may not achieve their goals. That means no matter what.
Failing is not a crime. Investors losing money is not a crime. It’s a simple statement, buyer beware.
What ever Jimmy made is well hidden outside of the company name and the debt investors money is long gone off shore to the Cayman Islands.
The crazy part is, as the stock keeps dropping, you all keep buying to cost average. If most know this is a sham why buy more shares? Your just giving them more of your money! Crazy investors never learn.
I guess if no one cost averaged from $.10 they know they lost but keep buying to cost average is purely a defense mechanism that never works. Not when there are billions in the float.
And let say the stock did rise to $.02, 10,000 or more would try and sell at the same time and maybe 2 orders would kill the price right back to a loss to 99.99% of the investors. Back when I told people do NOT buy at $.18 (to bad they did and some told me that when SGMD goes to NASDAQ to $5.00 per share ill be sorry) good god!
$100 at $.18 got you 555 shares. Now $100 gets you 110,000 shares and soon $100 will get you 2,000,000 shares. For some reason people think that’s a good thing. It is only if you buy the 2,000,000 for $100 at $.00005 and they rise to $.00006 and you make $120 before trade commissions.
Other than that there is nothing to look forward to.
T35, Jimmy did not short his stock, the debt converters shorted the stock before the huge debt dilute dump because the debt conversion investors knew full well they would soon dump billion cheap to the retail market. Me and my group do not follow the money or pumped news, we follow the calculated process and then make our more.
They make money on both ends, the initial high priced shorts, and then after they close out the shorts they continue selling billions cheap.
Jimmy is just a CEO who authorizes the issuing of shares when debt is paid. Jimmy's only revenue is when the debt is paid and that money redirects back to him.
My guess is he is issuing 100,000,000 certificates to the debt investors who pay him $.0002 per share ($20,000) per 100,000,000 on the $.0002 conversion.
Since Jimmy issued all the shares you see being sold and there are 5 billion now in the float, at $20,000 per 100,000,000 comes to 50 tranches. 50 x $20,000 comes to only $1,000,000 for Jimmy.
All 5 billion sold for an average of $.0009 would be $4,500,000 but since the $.18 price, far more sold for much more than $.0009. My guess is the debt converters sold at least the entire float on average of at least one cent. That would have raked in about $45,000,000.
If Jimmy wants to cash out with $2,000,000 he will have to issue all of the 10 billion authorized and if investors keep buying he will probably authorize another 10 billion or more to the float.
10 billion more at even $.0009 is $9,000,000 (1 for Jimmy and 8 for the debt converters), after that the stock will tank to $.00001 and cost-averaging investors will continue to buy.
And remember, the shares will be always declining because the debt converters do not want anyone competing for shares being resold if the price were to go higher.
When the shares drop in price the debt investors make lots of endless money and those who buy the shares are always at a loss.
Even though many may see green after they cost average their positions, the green is only because the scheme will have a token amount purchased higher but the bid will never allow green to be made if retailers sell.
:)
And YES a book is being published on all this.
Besao,
You are 100% correct. When shorting an OTC stock you have to be one of two groups, borrowed shorts or naked shorts. Remember even naked shorting can be legal if you still are able to get the shares needed to cover the non-borrowed shares.
In these OTC type schemes, naked short selling is always part of the pump and dump process. You are one of two groups who short (Borrowed or naked)
Group 1.
You are involved with the company and know full well they will be increasing the authorized into the billions and also know soon the float will rise from 200,000,000 into the billions and knowing that the stock will drop.
These company associates are also assured that soon the authorized will be increased to 10,000,000,000 shares and will be allocated what they sold naked to prevent any issues with the SEC.
How it unfolds is so simple. SGMD had a 200,000,000 float at $.18 more or less. They had the associates naked sell 500,000,000 maybe even more from about $.18 on down to $.05 on the NASDAQ filing news (Remember that)?
When the naked shares were sold to brokers from the market makers, the market makers were assured more shares will be made available soon so sell as many as they can at the higher pre-increased diluted authorized price.
If the market makers sold the shares on average to the brokers for let say $.10, 500,000,000 is a nice $50,000,000 cash sale. And also some who likely shorted the stock naked were the CEO and diluted scheme participants making them millions on the soon diluted price.
The brokers make millions on commissions and the extra selling for more than they paid the market makers. Once the 500,000,000 were sold (300,000,000 naked and 200,000,000 in the float), all they had to do was wait for the 10 billion increase and the added debt to the financials than the dilution on new marketing that caused the shares to plummet from $.18 to $.01 or less.
At that point the market makers acquire the pre-sold agreement shares from the company (300,000,000) naked shares cheap by paying off debt for shares that become free trading under the debt conversion rule. Once converted, they deliver the 300,000,000 to brokers to cover the shortfall and the naked sale is completed with no violation or SEC enforcement actions.
In a way, the company backs up the naked shares guaranteed that allows naked sellers to file the shares sold as long so they bypass the short filing forms and the naked shares do not show on the FINRA short data.
The company sells the debt shares cheap ($.0002) and the CEO makes about $2,000,000. The market makers gross about $15,000,000 having sold naked 300,000,000 for $.05. The brokers resold them to suckers for $.10 on average taking in $30,000,000 and also netting about $15,000,000 plus the commissions.
All of them knowing full well the authorized will be increased and the dilution to billions of shares up from 200,000,000 will kill the price and the naked sales are no longer on record.
Group 2.
US! We see this happening and also jump in on the short sale knowing what is going to happen and when. We do not naked sell we borrow valid shares, sell them between $.18 and $.05 and buy them all back for $.005.
When you see the signs you jump in, make money and get out on others misery sorry to say. We did not cause the problems with this issue, we just capitalize on it.
Is it wrong to make money knowing others will lose money when we did not create that issue? Morally we are content. Blame the company, the market makers and the brokers but even more so, investors need to blame themselves.
When we saw people jumping on the NASDAQ news we could not understand how investors did not know it was never going to happen based on NASDAQ rules.
SGMD needed to be $1 per share for at least 6 months and have $5,000,000 in revenue annually in order to be up-listed and they had nether. Yet investors kept saying they are going to NASDAQ.
When investors started buying on that news we had no choice but to jump in and short the stock.
Is that wrong?
We shorted this from $.18 to $.01 knowing full well what was going to happen.
The dead giveaway was when they pumped they were going to NASDAQ.
$.02 unlikely - $.005 likely
Covid closures = $$ MJ delivery.