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There is another filing where it mentions Jimmy has up to 36 months (from Feb2020) to exercise Budcars 30% option..That info posted earlier on ihub board..gl
Not up for locating links right now, but what I wanted to point out earlier is appears Jimmy can enter Budcars operations into SGMD due to VIE (Variable Interest Entity) accounting...hence, "potentially (positive?) good news".
I'll try and locate the VIE link that explains how this works..gl
Got it..Just trying to find Rogen's association with potential businesses that he may be/have been involved with..Planned to take a look at each biz and go from there..Gotta' start somewhere..:)
BTW, have some potentially (positive?) interesting Budcars revenue recognition news to consider..Post manana..:)
https://corp.sos.ms.gov/corp/portal/c/page/corpBusinessIdSearch/portal.aspx?#clear=1
Haven't had a chance to review SOS Mississippi info yet..Just type in Rogen's name under Officer Name and/or Registered Agent.
"Front I have to disagree a bit . Jimmy said 11 mil by the end of this year...Which mean budcars did 3.6 million " (during Sept Q)
Actually, Apr22 Jimmy mentioned $30m by eoy..Apr22 per Jimmy-"Our expectation is that we will surpass the $10 million annualized revenue target before August (possibly well before), putting BudCars on a pace to reach and surpass $30 million in annualized revenues by year end."
Per Budcars revenues..On July 22, 2020 8k, the Company preannounced approximate gross receipt level estimates relative to its investments in Indigo..Gross sales estimates for the total Budcars operation for the three-month period ending June 30, 2020, are approximately $1,009,000.
And per Qsept30.."condensed financial position data and operating results of the Indigo’s business segments for the period ended September 30, 2020" were $1,571,356.
Per Jimmy,
Budcars revenue Apr/May/June were $1,009.000
Budcars revenue July/Aug/Sept were $1,571,356
Budcars last 6mo revenue per May 8k/Sept Q is $2,571,356
Budcars Qsept30 annualized equals $6,285,424
*Jimmy Budcars guidance included $10/11m by Aug and $30m by eoy..Jimmy appears to have abandoned mentioning "annualized" guidance in recent PRs..and for good reason..:)
30M Annualized is a projection, but never stated from when to when
Apr22 per Jimmy-"Our expectation is that we will surpass the $10 million annualized revenue target before August (possibly well before), putting BudCars on a pace to reach and surpass $30 million in annualized revenues by year end."
https://ih.advfn.com/stock-market/USOTC/sugarmade-pk-SGMD/stock-news/82282125/sugarmade-issues-shareholder-letter-on-budcars-gro
Jimmy pumped $11m annualized by Aug..The end of year $30m annualized guidance was to include at least one LA hub operation..Budcars generated a tad over $3.3m last 6 months, so approx $6.6m annualized..You'll notice none of the PRs mention "annualized" any more..Still patiently waiting for next opportunity.
Rogens background is primarily in law and running successful businesses.
Anyone have any info on Rogen's other successful businesses? LinkedIn shows his law biz, but curious about other ventures in his bio.
Did you grab any .0013s today? :)
Each of the 4 products only have four or five reviews, and all have the same few reviewers responding..Amazon Hempyoucanfeel products selling for 3+ months, and only a handful of reviewers participating..??..One has to wonder how successful Amazon sales are..gl..
https://www.amazon.com/s?k=HEMP+YOU+CAN+FEEL&ref=bl_dp_s_web_0
I see 4 listed on Amazon..:) ...https://www.amazon.com/s?k=HEMP+YOU+CAN+FEEL&ref=bl_dp_s_web_0
Another 1 out of 5 stars Hempyoucanfeel review:
Jim New
1.0 out of 5 stars I didn't feel anything
Reviewed in the United States on October 10, 2020
Verified Purchase
This was a complete waste of $20. We didn't feel anything.
Hempyoucanfeel Amazon product review..
Loyal Customer
1.0 out of 5 stars Has no CBD
Reviewed in the United States on November 7, 2020
Okay, coffee. No CBD benefit
Actually Rat, did you snatch either of the two .0014-.002 trade opportunities in last month..The .0013 might just present itself as another 40% opportunity this week or next. Whatcha think Fink? Personally, I'm waiting for tad lower entry..Can you help me out? thx
Is this an aerial of 360 Espinosa Rd facility? http://www.rocketfarms.com/images/about/banner-squares/rocket-farms-aerial.jpg
http://www.rocketfarms.com/about/facilities/item/278-our-facilities
Lindel, per financials, Machine sales $297,850...Machine costs $297,688..ERBB profit $162 on sale of 20 machines?
$162 profit on a $297,850 sale..??..Curious how much Panpacific cut was.
Why not consider a possible quick hit or two for 35%+ to help your average?..0013-.00175? Nothing big, but a couple of hits add up..Possible, we know Jimmy going to release news soon, how significant, idk, but could/should happen this week.
Frankly, I don't think any new Budcars open this year..Pissed Jimmy indicated wine country hub opens before LA..Bullshit that months ago LA was to open in couple weeks, then surprise hurdles needed to be overcome..And 2nd LA location was ahead of schedule..Baloney imo..Didn't get good vibe when BC emailed they planned to open LA, but no date of opening..Jimmy should release the LA location to shareholders so we can confirm it's existence and eyeball progress, or lack of..Confirming existence would be encouraging.
Unfortunately, no way Jimmy exercises 30% controlling interest option anytime soon..Ain't happening..
PPE gig could make for good PR material..I'm thinking PPE sales could generate $300-500k monthly if on the up and up..Jimmy needs to update total PPE sales to date, and let us know present dollar amount of PPE orders that need to be filled..Certainly new order requests have occurred since May1 $10m..
And plenty of room for PR surprises..ie, Jimmy could announce deal acquiring existing cannabis delivery facility..7 billion shares to work with...O/S rose 300m last Q.
I'm patiently waiting for .0011, not convinced it happens anytime soon, but that's ok..I have couple other Asian Boyz pennies that I have bids in, so I just wait..gl, hope I'm wrong and you are right on sgmd 30% option, LA location, and of course, share price advancing soon..:)
Presented below are condensed financial position data and operating results of the Indigo’s business segments for the period ended September 30, 2020.
As of September 30, 2020
Current Assets $ 935,593
Non-Current Assets 257,060
Total Assets 1,192,653
Total Liabilities 623,123
Total Equity 569,530
Total Liabilities & Equity 1,192,653
Revenues 1,571,356
Cost of Goods Sold (647,460)
Gross Profit 923,896
Expenses (921,954)
Net Income $ 1,942
Q Budcars revenues $1,571,356...that's $6,285,424 annualized, down from the $7.7m annualized from last Q..Sales approximately dropped from $650k monthly to $524k..Imo, certainly the 30% Sacramento hub sales growth has ceased with last two Quarterlies reported, and we have found hopefully reasonable $7m annualized expectations for Sacramento..Still nice numbers for one location, but only half the projected $15m..
. "I think 3.5 to 5 million . Last report 2.4 million"
$2.14m reported this Q..gl
Machine inventory asset $483,944..Tad higher than last Q after supposedly selling 20 machines that were paid in full..??
Q out...Machine sales $297,850...Machine costs $297,688...lol
NUGS leases the Farm at 360 Espinosa road, Salinas,CA..The lease agreement is detailed at NUGS otcmarkets for review..You can review leassor permit actions at
https://montereyco.civicinsight.com/
NUGS website portfolio still includes the Asher House deal, which ended months ago..and NUGS REFUSES to include NugsFarm in its website portfolio for some friggin reason!!..No excuse for not updating, unless something Simon not telling us.!!
Jimmy stated in May stockmedia interview that SGMD might be able to capture $10m PPE revenue in next month or two..So,jimmy pumps potential $10m PPE sales by early July...Certainly, shareholders would expect some serious PPE sales get reported later today...or not?
Per Jimmy, about 7:55 time in interview...https://audioboom.com/posts/7578935-sugarmade-inc-and-its-partner-budcars-discuss-the-potential-of-on-demand-cannabis-delivery-on
Volume..800k buy, 26m sell
And here is why I have repeatedly bitched about NUGS to update their website..One of the first things an interested NUGS visitor would do is take a look at NUGS website for further info..Here is the website, https://cannabisstrategic.com/, interested about any comments, especially those of the Farm, which is essentially the primary revenue source..gl
https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=201834510197-25302126
Looks like another Robert Hymers company.
"how much of that $10,000,000 PPE pump will show in the report?
Historically, SGMD generates $1m+ in Carryoutsupplies restaurant paper product this Q..Plucked PPE $1m monthly number out of mid air, but if I've got $10m orders in hand, I'm going to do my best to fill and keep customers happy for future PPE sales..Imo, I would anticipate at least $3m ($1m monthly) PPE sales took place..Jimmy stated as of May1 that he had $10m PPE orders in hand, and only PR'd $886k in PPE sales took place earlier..$9m+ PPE orders left to fill asap..
With Covid ramping up, expecting Jimmy to release a strong PPE PR update of Q sales and update of new PPE orders generated...assuming Jimmy was on the up and up with the May1 $10m PPE PR..Reporting subpar PPE sales last Q would only add damage to Jimmy's credibility.
Does Ethos/Comply Bag have a website? Can't locate any company or product info..thx
lol..in at .086 average back then following SGMD consultant CD crew involvement...then exited 90% of position below a dollar before big run up..Then proceeded to give sizeable chunk back..Returned to get what's owed me..:)
No,flipped twice last month..Present trading mentality VS investing..Jimmy's credibility certainly deteriorated since BZRTH scheme..But, imo still periodic trading potential..Might buy next week, or months from now..idk..I'd certainly buy trips if they popped up, but strongly doubt they will anytime soon..gl
fwiw..Budcars..."Good news,we deliver to that address"..https://budcars.com/menu/delivery-check/... NOT!
Crescent City SeaQuake Brewing 400 Front Street, Crescent City,CA
San Diego Lion Cafe 1424 Sunset Cliffs Blvd, San Diego, CA
Apparently, Budcars website delivers to the Little Lion taco shack in San Diego..https://www.propertyshark.com/mason/Property/54458801/1424-Sunset-Cliffs-Blvd-San-Diego-CA-92107/ ..and also delivers 800 miles north to Crescent City SeaQuake Brewing https://seaquakebrewing.com/ and also delivers to every other city in California at this time..
*I searched for multiple restaurant locations throughout the state and Budcars website replied everytime.."Good news, we deliver to that address"..At least when i typed in an out of state address it replied "No results"..I suspect the delivery is declined once the out of delivery area mj order attempts payment.
Did you notice the intentionally misleading revenue garbage in the last PR?
Nov9.."We have tracked this story because the rate of growth has been remarkable for the past eight months, with sales growing from a $5 million annual run-rate to close to $30 million just in the past few months, as sequential monthly and quarterly topline growth has been consistently eye-popping."
https://www.mmjobserver.com/the-future-brightens-for-sugarmade-inc-otcmktssgmd/33984/
SGMD sales running close to $30m annualized? Bullshit..Huge difference between pumping expectations and reality!..Think I'll start itemizing the intentionally misleading SGMD promo info to otcmarkets and see if Red Flags/Caveat Emptor will help Jimmy tune up the awareness campaign..Remember when one of the PRs stated SGMD held Budcars controlling interest? Then Jimmy showed up with the correction..smh
..and btw, thx for good DD on Budcars website..Provoked further investigation..Just needed to take it one step further..:)..I see how you formed opinion, might be Jimmy getting BC website in order for eventual LA opening(s)..idk?
TPADA..i WANT to confirm LA opening,good PR potential, even though I think it's fluff until Jimmy at least transparent with the Budcars Final Agreement that includes 30% option "requirements".
BTW, I don't have to believe the PRs, just have to believe that they have ability, or not,to move stock price..gl
"Have you tried entering in LA addresses which verifies that Budcars DOES deliver to LA."
Yup, 1st thing I did after reading your post..And thought great makings for next week PR to accompany extended financials since Jimmy most always PRs circa financials release..And thought maybe I'd grab another batch since unloading last two (40%) .0014-.002 SGMD flips in a month..CE hit me wrong way, so didn't reload, but doesn't mean I wouldn't..Imo, CE problem lies in the stock promos..Did you notice the intentionally misleading revenue garbage in the last? Drives me crazy.
Anyway, since this is pennyland...and Jimmy, figured I'd just contact Budcars for confirmation right after checking BC website..Btw, did you..:)..Sixty second phone call or an email responded to in few short minutes imo provides conclusive answer..:)
from: Customer SERVICE <hello@budcars.com>
to: "******@gmail.com"
date: Nov 21, 2020, 6:33 PM
subject: Re: General Inquiries
ME--"Do you deliver to downtown LA area? If so, approximate delivery time please.Thx!"
Budcars--"Unfortunately, we do not currently deliver to LA. We are planning on opening an LA location; however, we do not have a confirmed date of opening."
*just keepin' it real..gl