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.
At this point, regardless of what financials show, I believe most investors would want to see two to three consecutive quarters of execution without missed deadlines to restore some confidence in predictions and business plan.
so...never?
It seems to me that it is an error of some sort.
It is possible however, that it is not.
If the posit is that a share reduction is used to reach that number of reduced OS, wouldn't it also follow that an unannounced reverse split could also be the culprit?
I sure hope not, but at this point little would surprise me.
WTF? That isn't news or even post-worthy. It is at the top of page. Anyone interested can already see this info.
Is there a world in which these unsubstantiated fluff pieces that integrate previously known information will not be touted as news?
No penny for years, of course that's my opinion.
Just another hype ticker here.
.002 is my ask...I'd be ok with a sell at that level.
Also, what does this company do that would indicate any stimulus for SP increase?
Keep hopes realistic. If anything happens, it will probably be performance of a mere percentage of what has been promised or expected. Maybe a little ad shows up somewhere, I doubt we'll actually see it. As for the other things you've mentioned, I don't see it. There has been no indication that this company is focused on getting issues resolved.
SP in-congruent with prediction. Good time to buy.
Maybe, but what is the margin?
3-5 years until profitability with continued delays at the upper corporate level make this a stock with high potential and low to medium at best confidence.
how are sales increasing so fast?
Pharrel is not...
If he has not corrected, it is likely not with Traveler's; If it is with Traveler's and he has not corrected, then seriously poor marks for proofreading.
Nah, the best CEO would take care of historical business while simultaneously creating new lines of revenue. In addition, the best CEO would also provide information that has been stated will be provided in the time frame that was given.
In short, a true best CEO would simply execute and deliver.
So, according to my scale, even if positive things are happening for this company, there is absolutely no way he can be called the best CEO given his current performance and record.
Very few investors care about pinks, even fewer pay attention to stop signs.
Those trading on this tier are here for momentum and the quick fix adrenaline rush/pipe dream of a 2-10 bagger.
If the company is legit and proves performance, fins will be filed, uplist will occur, and then (and not until that time) stop sign will be relevant.
Ha ha, good one.
No volume, no interest.
Buy!!!!!! and get stuck here.
OK, I will admit pure shock and surprise that the deal signed, ad images posted, and name has been announced.
These are all steps in the right direction and a very good sign...
...however, a quick tumble through the google machine yields absolutely no trace of Pharrel Protection - my suspicion is now at a lower magnitude, but still it persists.
You are expecting oh so much.
making excuses for incompetency in professional statements is a contributing factor to the decline of civilized society.
IMO that is not sad, if the investors had seen any fruit from his tree of promise, the calls would likely not be an issue
but that's not how pink pennies work.
Meeting with client in New York on Nov 8. I will release the name then.
LOL.
There will almost certainly be nothing today or tomorrow, perhaps an excuse - but even that will likely be on Monday if at all.
Past performance predicts present expectations.
What will be today's excuse?
I am on the edge of my seat with excitement waiting to hear why there is yet another delay.
Of course, I will probably be disappointed as the hours of today go slowly by with more of the beautiful silence I've come to expect on such deadline days.
I sure hope no silence for announcement this week.
I am sitting on the edge of my seat to find out just exactly how the Delaware debt will hold up the big reveal of this big time private label deal.
It may not yet have occurred to you, but now, it must be admitted that this debt will be the most likely and best excuse that could be given... that is of course if any is given at all.
I just can't wait. This is so entertaining.
No. VPOR is a black hole of undelivered expectations.
Pot accessories like EasyGrinder - no materialization of income from this potential.
Royal CBD - still not showing revenue from this line.
SimpleCork - A reuseable cork for wine bottles that will never see the market
They do excel in moving product rights from one shell to another and using ghost holding companies to funnel any revenue away from shareholders.
They're also not bad at making promo videos, too bad they haven't figured out how to get eyes on them.
Tell me about that gap to fill, please.
Excuses from a bunch of weak book and paper junkies. f-ing accountants, couldn't do a bit of actual work if life depended on it. . . . Oh no! My ergonomic chair is a bit out of alignment due to the storm, I think I'll need another 2 months to meet all my deadlines...
weak.
I thought the South was one of the areas built on hard work, you know... to make America great again.
Nice show of perseverance on this one.
So FLY communications never manifested anything?
That seemed helpful
"pick-and-shovel" ???
I swear, copy editors these days let anything get through.
The concept of the article is informative, but there is no essentially new information. I give props for the attempt at creativity in trying to name the corporate strategy.
Although the news isn't recent financials, at least it keeps SGMD on the radar.
Yeah, the inexperienced don't realize that the explosion won't happen until the companies are due for financials the quarter closing after 10/17. It's all patience and strategy.
Stop sign is a great tool to help uplist process. I just know it.
Wouldn't it be a little thoughtful to investors to at least acknowledge late filing?
Regardless of what is happening on the operations side of the business, this is still a publicly traded corporation. Shareholder confidence/investor relations must hold some weight to help this business plan move forward.
There are a lot here and IRL that are high on AMFE. I believe this has potential to succeed. I fear though, that management may rest on the assumption that those already bought in will remain regardless of operation execution. Some may, but the falling share price indicates some are losing confidence and are impatient to see plan unfold while company does not even acknowledge that deadline has passed with a plan or information of the view ahead.
Those here can infer from previous performance and audit info, that this is the issue causing delay. A confirmation of this from management would be a good gesture.
Yeah, just poking the bear a little bit.
It is a frustration in the short term, but have always had a long term vision with this company.
Just a little impetus to stimulate discussion, strengthen resolve, and to clarify points being presented.
The audit was posted when finalized, (March 7, 2018 was the announcement that it was completed) but it was stated that it had been completed long before that and just not signed due to technical details. Likely not an issue with numbers.
On that note, how hard is it to have completed the annual report based on raw data?
I get that priorities shift from time to time. But this was foreseeable, and that is the part that gives me pause.
Why do you keep saying "half the time"?
Year ended June 30, 2018, 10-K due September 30, 2018. End of story. That's 90 days, there is no "half the time" - Release of last years audited numbers is irrelevant to filing timely at present year.
The Audit was completed long ago, and "minor tweaks" kept it from posting. That audit was previous 2 years, not this one.
Sure, an audited 10-K would be a nice touch, but maybe just fulfill obligation, post the 10-K, and release audited numbers when available.
No PR, why kill momentum? sure more eyes is a great goal, but PR usually equals sell off in this market. Let it be an organic ground swell for awhile.
Consistent with previous performance, don't expect it.
Not too long ago, remember checking each day to see if fins released, company brought current, and stop sign removed?
They have spoken of restructuring financial software and systems to prevent this in future, but a lot of OTC companies speak of a lot of things that find a great excuse not to materialize. Honestly, if that really did occur, there would be no reason to delay financial report. The 2 week extension to report after the already 90 day time frame to complete annual report is such a bogus buffer. Honestly, why is 115 days versus 90 days an adequate amount of time to complete this report?
There is a lot of acquisition discussion, and a share increase to facilitate growth. This is the same increase that was requested late 2017/early 2018 (I honestly don't remember exactly when, except that it was postponed), and then addressed again and executed now in October.
Knowing this was all part of the daily business dealings, it doesn't seem there would be much legitimate reason to delay financials.
It is poor form to have let 10-K not post prior to share increase vote. Not only bad form, but showing mixed priorities to shareholders, and continuing the pattern of previous actions, rather than operating as a company with new energy, new direction, and new goals.
I hope to see the report tomorrow, unfortunately I simply don't expect it, as the leaders of this company have not really shown a change in corporate behavior pattern in my opinion.
Being a T-Trade, I wonder if that was during peak of day trading, or the agreed price at finish of day. As all 3 T-trades are above the close price.
Honestly, I think the market cares less of the opening of new location than the fact that after all financial and audit delays previously there seems no sense of urgency currently.
I know the extension is 15 days, but why say ASAP, and why take full time if mgmt and systems in place?
Seems that would be as much priority.
JMO
On what stimulus or chart analysis?