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"Excuse me, in my ignorance, but why is there so much volume on a stock that is failing."
Denial is a very sad place to be on these OTC stocks. Ignoring facts to find a valid answer even though not valid in reality is a sure fire way to find justification when investing. And a guaranteed loss of your money.
Anyways, since you obviously don't know the answer to your own question, you need to question why you are even looking or investing in stocks.
Volume is based on price and pumped news and has ZERO to do with the company’s actual financials or share structure. People who are buying this stock will rarely if ever buy more than $500 worth.
IF you take each days dollar volume and divided it by the number of trades usually always averages out to $300 maybe a little more.
IF this ticker did stay at $.18 before they changed the authorized to 10 billion, no one would buy the stock. The current issued is about 9 billion and at $.18 would have made their market cap $1.62 Billion.
They had to lower the price and increase the shares to sell more shares cheap. It’s the OTC norm. And even if the price keeps going down, the company selling the stock always makes money regardless of the price.
They win you lose. That’s how this works.
I bet they add another 10 billion to the authorized and sell them for $.0005 and net another $5,000,000 then that will be the end of this scheme. The same ones telling people that it will go to $.02 are the same pumpers who said at $.18 get in now before they go to NASDAQ.
Remember before they added the 10 billion they sold the initial 200,000,000 for $.18 ($36,000,000) and guess what? THE MONEY never made it to the SGMD financials because SGMD did not sell the shares.
They traded the shares for debt being paid off (Maybe $20,000 maybe a little more for each 100,000,000 issued cert) so all the money you see traded each day does not go to SGMD.
Debt investors will pay $20,000 in SGMD debt and get the stock (maybe 100,000,000 with each $20,000 payment) once that is done the shares sold are not from SGMD or the CEO.
It's as if you invested in an antique store that has valuables and instead of making the store work and make sales you just take a $10,000 rare vase and sell it to the guy down the street for $200 and you put the $200 in your pocket.
Then the buyer sells it at auction and says it's from your store and they sell if for $20,000. You think that the store gets the money when the store sold it cheap and is no longer their property.
Same with Debt diluted stocks. They are sold to investors cheap who resell them to you cheap. The money you see traded each day does NOT go to SGMD!
If they paid $20,000 for 100,000,000 they gave the CEO $20,000 so they paid only $.0002 for the shares so they can sell them for $.001 all the way down to $.00021 and still make money.
And they keep getting 100,000,000 for each $20,000 they give the CEO with no limit. The CEO takes in $20,000 every few days and the shares are sold each day 100,000,000 or more or less. That is why you see so much volume and NO change in price yet.
As long as people pay $.001 they will hold the price like they did at $.18. When that gets to be too much they lower it to $.0005
They go back to the CEO and say $10,000 for 100,000,000 shares then $5000 for 100,000,000 and with each tranche they keep the price going lower and lower for one reason.
SO YOU DON’T SELL, except at a loss because only they want to sell and not have you competing with them for retail investors money.
You will never see this stock average out to $2000 because even though people want to believe in this stock they also know not to invest more then a few hundred bucks.
Anyone who invested more is just more money that will be lost and they know that.
The reason for the large volume has many answers. Some, who paid more, want to buy more to cost average.
Some do not even know they have had the shares added to their accounts that are managed.
And also because at this price many will feel it could go back to $.02 (which is will not) but they figure what the hell, a few hundred bucks to take a lotto risk.
The people buying this stock also have bought 100’s of other similar stocks that folded and they will continue to buy more stocks like this moving forward. Same low price same huge volume.
You will never see the investors in this stock buy a stock that is $1.00 per share that promised the same as this stock when they posted they will file to go to NASDAQ and people pumped it will ROCKET to $8.00 per share.
Any OTC that is cheap people will buy regardless of the float or if the company is a total scam. It’s not about fundamentals it’s about getting a boatload of shares cheap just in case it hits. (Like a slot machine)
If SGMD changed their name to WE WON’T WIN and YOU WILL LOSE ALL YOUR MONEY, Inc. And they added 1 trillion shares to the authorized allowing you to buy 10,000,000 shares for only $100! Everyone would do it just for the sake of the shares being so cheap and IF IF IF it hits $1 they make $10,000,000 on a $100 investment.
Lotto mentality! Buy a $1 ticket and a dream. These stocks are not different.
These same investors will buy into many of the same stocks over and over. They are similar to playing the penny slot machine so they can extend their play over time hoping sooner or later they hit the jackpot.
These investors will never take $10,000 ploy one hand of blackjack and in a matter of seconds its double or nothing. Playing the risk both ways will still lose only one sooner then the other.
They know investing on 100 tickers that 99 will fail and the 1% still won’t make it. But they believe that one will hit $1 and make up for all the losses on the other 99 but it never happens.
As long as people are told this may go back to $.02 from $.001 they will buy 100,000 shares for $100 just in case they do go to $.02 and they turn $100 into $2,000.
$100 is no risk but they do know the outcome
8.4 billion float IS dilution!
TGGI is finished. 8 billion float "0" revenue. the pump is almost over. Same was done to KGJI, a fast pump to get some fast cash then fell like a rock.
Sorry to say it will not and even if it did go back up to $.02 cents or even a penny, 8,000,000,000 shares held by 1000's of investors would all rush and try and sell them.
When that happens no one will want to pay $.02 or even $.01 on the asked volume to match a huge sell off. You will never see this stock with an asked volume of 8 billion at $.03 and 8 billion on the bid allowing you to sell at $.02.
8 billion at $.02 on the bid totals $160,000,000 which means the market makers would have to have the same $.03 on the asked, $240,000,000 with buyers taking out those $.03 so everyone can sell at $.02 which will never happen.
And even if the asked were raised to $.03 with a bid of $.02, the market makers would not buy your shares or any other retailer’s shares. They would get more shares direct from the company and pay the company but at far less than the bid price. That is where all the shares being dumped into the dilution are coming from, the company not the investors.
If the market makers got 8 billion so far from the companies debt dilution dump, what makes you even think for one second they would not just keep getting shares to sell on the asked from the same source?
Any rise in price, the shares sold will not be yours but from the debt company shares same as what is being sold now.
If the shares do go to $.02 like you believe, the bid may only be for 2,000,000 then as those are sold the market makers will drop the bid price to $.01 for 1,000,000 then on down to $.0001 for 8 billion but still ONLY if there is pressure on the asked at much higher volumes. And ONLY is the company sells off the 10 billion authorized but with this kind of free money being made they will just add another 10 billion to the authorized.
If people are buying shares, they will always have shares to sell.
The market makers are regulating the price so the bid and asked stays pretty much the same as billions of more shares are sold. The more they sell the more they make and so does the company while those who BUY the shares have to sit and wait for a situation that will never arrive as you believe. SGMD will continue to drop in price as dilution continues and more shares added to the authorized if needed.
The shares will end up $.0001 or lower with very little pressure on the asked or bid as the scheme winds down.
The moment someone says buy now and sell at $.02 is one of two people.
1) An OTC investor who has no clue what they are doing
Or
2) A paid pumper paid to get the few suckers to buy up the remaining crumbs of shares before the lights are turned off.
The next phase is investors who keep buying on the decline will keep buying as the stock drops in price allowing more billions to be added to the float with no recovery.
The more shares added daily to the float, the less likely anyone will be able to sell for a profit.
Now you know :)
I told you all this would happen. But NO one listened. If people keep buying this stock and they run out of authorized, they will just add another 10,000,000,000 and sell another 10 billion to the market.
I congratulated Jimmy and his behind the scenes team and continue to congratulate them. They play the game legally and compliant and NOW SGMD is 15c211 compliant so where is the investors protections?
The only protection investor’s need is from themselves.
I already told you why....
CashBow, to be OTC current with no attorney letter the financials have to be audited or an OTC can be current with un-audited financials with an attorney legal letter of opinion.
It is easier to find an attorney willing to issue the letter even if the financials are questionable then to have them audited which is certified and can cost $30,000 or more.
A legal letter is only about $1500.
Sorry Janice and everyone-->
I told you all and you did not listen. 15c211 is under the RULE at the OTC and offers no investor protections. Now it looks like most OTC currents moved down to Limited and most pump and dumps are now an Expert Market listed stock.
The OTC used this authority to force OTC's to pay the fees and the OTC set the rules as, NO PAY NO PLAY! Plain and simple.
Finra also confirmed the OTC has this authority to set the rules.
The new rules will make Fraud the worst it's been in decades.
Everyone said the EM was eliminated but I knew it would not be because you can't short Grays or Pump and Dump Grays and there is just too much money from fraud to have removed from the market place.
Same answer from those in DENIAL!
I do not own GNGR. We are investors who make money on idiot pump investors errors in judgment. Although GNGR has yet to show they are a BS pump and dump. You need certain ingredients to hold that BS title.
To be a BS pumped OTC you have to have:
No products just intent
No revenue just debt
A large diluted float
Just like SGMD has.
GNGR has none of those mentioned above. That is why we own 30,000,000 shares in GNGR and holding tight and may buy more. Plus the upcoming CASH divi is almost a 5% cash return on the current share price.
GNGR is just the opposite of what makes for a pump and dump like SGMD.
To not be a BS OTC you have to have:
Global sales that are not just intent
Revenue and no debt
A super low float (no dilution)
Issuing a 5% cash dividend on the current share price
(96 times a banks savings interest rate)
Just like GNGR has.
So there is a difference, a huge difference between GNGR and SGMD
Buy you stating what is not true is the reason so many lost money on SGMD and 1000s of others that pumped and folded. People just don't get how this works.
when the SGMD debt is gone and they no longer issue shares for debt, they will go silent and no more news will be issued. Then the market makers will not have any real bid for the shares and if they do it will be $.00001.
Then people here will post they are going to have the CEO arrested and call the SEC and congress and the senate and FRIENDS in high places out of desperation that will never amount to anything other then BUYER BEWARE!
People will suck it up, complain, scream scam etc. Then they will move onto another HOT TICKER and do the process all over again and again. Sad but true. OTC investors on THESE BS pumped stocks must love to lose money. There is no other explanation.
1dmg1-3Cents here ya go! icing on cake.
The NEW address of the newly formed Lemon Glow is also the offices of a Chinese attorney (see bottom left of sign, Yen Jeannie Nguyen (notice the phone number)
AKA Yen Nguyen, DISBARRED attorney (see data and also NOTICE the phone number in the disbarred data is the same as the Listing on the Lemon Glow sign.
Same phone number, same name with a slight change AKA. A disbarred attorney practicing at the same address as Lemon Glow.
Also notice the email address in the disbarred data! the email says her name is Jeannie just like the sign. NICE!!!!
A good guess is, she is doing the legal work then passing it off to one of the other listed attorneys to file. That means a disbarred attorney is actually doing the work on this P&D.
DO THE MATH PEOPLE! But it wont matter, as the price goes down people will buy more and more shares making Jimmy and his team more money.
That is why you have to LOVE Jimmy and his team. They know what investors will do and continue to do. Cost average till there are no shares left. AMAZING!
See images.
This is real data not intent. That is why you short these stocks not take a long position. You make money fast before the dilution and debt is added for the debt dump.
AMAZING. So SGMD acquires what you are told is some huge successful MJ business. Lemon Glow? Strange they incorporated less then a year ago with no assets and only operate from an office with just attorneys in that location they managed to be a HUGE MJ crop and supply company with no store, no location no licenses and no evidence they even exist other then on paper.
If the so called Lemon Glow was able to be a huge success you all seem to think they are with no MJ, NO vans or trucks, no locations and no fields and no licenses to grow or sell MJ. How is it that you all are able to know they are such a success? Because that is what you were told to THINK.
When an OTC wants to sell more and more diluted debt shares they need to acquire debt or create debt. SGMD issues shares to Lemon Glow (Lemon Glow is a newly formed company that is owned by a relatives of Jimmy's) Now SGMD owes lemon Glow $20,000,000 and SGMD puts the debt on the SGMD financials. Now the debt investors tell Jimmy they will pay the debt little by little for more shares from the authorized. Jimmy says OK and when the debt investors pay Lemon Glow $20,000, Jimmy issues the debt diluters 100,000,000 shares that are then made free trading and sold the next day to you.
As Jimmy agrees that if dent is paid to Lemon Glow, Jimmy (SGMD) will issues more and more blocks of 100,000,000 shares from the 10,000,000,000 authorized for $20,000 or more each transaction.
Since that DEBT is really owned by Jimmy’s 3rd party associate, any debt paid goes right back to Jimmy but you will never see it on the SGMD records because Lemon Glow is a totally separate private company that was newly formed just for this event. 3rd party debt owed by SGMD is paid to the 3rd party and SGMD then issues shares as debt is paid.
WHO MAKES MONEY? Not you. Jimmy makes money by having the paid debt rerouted to him privately and those who pay the debt dump billions in the float cheap. So the debt investors make money, Jimmy makes money and none of you ever do or ever will.
When you look at all the companies SGMD has been working with they are all companies with debt that are newly formed and in some office suite. In this case the office suites are attorneys with Chinese names. Probably a close friend of Jimmy’s who is also in on the dilution plans that are happening right in front of your eyeballs but you are still blind.
I like Jimmy, hes playing the game legally and compliant. And in any game there has to be losers. The others who pay debt and get shares just redirect the shares to their minions who dump them cheap and they make MILLIONS and MILLIONS of your dollars and you never will know who they are. Clean hands.
So LEMON GLOW incorporated less than ONE YEAR ago is a huge success? If so why do they even need SGMD? SGMD did not buy they’re success because they have none, SGMD did not buy their license because they own none. This was just to create massive debt that SGMD can swap shares for and then put that they owe another $20,000,000 that needs to be paid with company shares. Toxic debt dilution. GLTA
Lemon Glow Company Overview
Founded
2020
Founded
Status
Acquired/?Merged
Latest Deal Type
M&A
Financing Rounds
1
Lemon Glow Company General Information
Description
Producer of cannabis plants based in Alhambra, California. The company is involved in the cultivation of dry trimmed cannabis flowers and plants.
Contact Information
Ownership Status
Acquired/Merged
Financing Status
Corporate Backed or Acquired
Primary Industry
Cultivation
Other Industries
Other Pharmaceuticals and Biotechnology
Acquirer
SugarMade
Primary Office
801 South Garfield Avenue
Suite 338
Alhambra, CA 91803
United States
suissac, NO! No need to keep reading 8k's with maybe we will do this and we intend to do that and we likely may do something else.
SO far there is ZERO proven facts. Up to now, it's all intent.
Photos of photo shopped budcars cars, stock photos of marijuana fields and photos of unmarked white vans in a parking lot have little to do with facts.
Photos don't make a company a success, action and revenue does, and so far SGMD has no revenue, $20,000,000 in debt and no letting up on the daily dilution of shares.
When the authorized shares are all sold that will be the end of that, and we are approaching that 10,000,000,000 share dump. If people still want to buy shares they will increase the authorized another 20 billion.
SGMD sold 200,000,000 before the increase for about $30,000,000 then diluted the float with debt shares killing the price and soon another 10 billion will be added to the authorized.
As the price goes down, more people buy the shares cheap believing it will head back to $.10 and those 10,000,000,000 in the float can be sold for $1,000,000,000. PROBLEM! The bid volume may only be for 1,000,000 with an asked volume of 50,000,000
No market maker will buy YOUR shares for even $.005 when they can keep buying them from the SGMD debt diluters for $.001 or less. They will regulate the price down and down by adding shares to the float to keep YOUR shares from ever rising and hold you hostage.
When the pump is over, SGMD will be $.00001
GOOD news is not intent news. Bad news is having $20 million in debt. Having billions in the float with more added each day and no revenue.
I understand NO ONE wants to have gotten in this stock early and now are at a major loss and anyone saying they are at break-even or made money in this is a liar, except us of course because we know what did, has, is and will happen.
Unless you shorted the stock when it was $.18 knowing what these OTC's do and when so you can sell at $.18 and buy them back at $.01 like we did will you ever make any money.
That and being the owner of the pumped OTC are the only two ways to make money on these stocks.
In order for a few to make millions, 1000's of pump investors have to lose smaller amounts (that would be you).
Individually you may lose $200 or $2000 and it won’t ruin you. It may piss you off but it should not really hurt you other then your pride.
But for a few who are selling the diluted billions and making millions, that should tell you there is NO reason to make a business and work hard to make it work when they make more money selling shares.
Shares being sold are limitless as long as people are buying. It is much easier to increase the authorized, sell more shares and make more millions then to actually stop and run the business.
The only business now is selling shares. Remember they have to FOOL you into thinking they are not just selling shares and actually doing something. The better then are at fooling YOU the more money you will invest.
The phrase "A fool and their money are soon parted" seems to have some truth to it.
I applaud Jimmy and his shadow team. They are compliant and not breaking any laws. They say they may do something but it may not work so you invest. And if this all fails, there is no law that says a business cannot fail as long as they tell you that (which they did) before you invest.
That warning negates any legal or compliance action you can file against them. If you bought SGMD when they said you may lose all your money and SGMD may not complete any of the tasks they are trying to do, you have no case or claim.
You were warned and once warned you are the only one to blame if you lose money.
If you call all you’re so called congress, senate, SEC or enforcement friends you say you have and they ask you, DID YOU SIGN THIS BEFORE BUYING THE SHARES? (Small print, you may lose all your money and the company may not achieve their intended goal) and you still invested they will hand the claim and your signed document back to you and say SORRY can't help you
:)
They took NO cash. You are being DUPED. If they did take cash. Lemon may just be owned by Jimmy so that's how he funnels investors money back to himself.
All of this SGMD NASDAQ, Bud Cars, Lemon Glow, Nudge and all the other this and that means NOTHING.
And now that the dilution is into the billions, the stock will never recover.
UH OH! better not read this--->
Below is what is posted on the pages of the OTC on YIELD tier stocks.
Because they paid $6000 to the OTC disclosure and news service they are now 15c211 compliant! Tell me HOW is the phrase below PROTECTING INVESTORS? Hummmm I am all ears.
The OTC sets the RULES for what has to be done to be 15c211 compliant. From the mouths of the SEC and FINRA!
-
Warning! This company has posted limited financial disclosure through the OTC Disclosure & News Service or is late in their filing obligations with the SEC.
-
The definition of the above: Pay the OTC $6000 and you can be compliant at yield and keep pumping and dumping and we will turn a blind eye to protecting investors and focus on PUNISHING those who don't pay us the fee.
FACEBOOK was a gray stock so you say they FAILED? your in LA LA Land.
Billybone, the OTC does NOT review data or even make sure that it's true, that is up to the OTC who files the data.
The OTC are not regulators, they are a company that posts data that is not a government entity.
If an OTC sends the data and pays $6000 they will be CURRENT in 3 days. The OTC just takes a portion of the data to post on the OTCmarkets pages of each ticker. It takes maybe an hour to make that happen but they say 3 business days.
The reason there LOOKS like a backlog is because the majority of STOP signs are not filing or paying the fees.
Next week 2000+ will not be OTC compliant and it looks like the 2400 will all be dropping to Gray.
We will know in 7 days. And when that many do drop, the markets may open up the next day to retail trading.
For now, beware the ones that did up-list who will say they are 15c211 compliant. They will still be pump and dump diluted tickers that offer NO investor protections like 15c211 implies that it does.
:)
Gray is NOT game over. It’s only over if the ones going to the grays are already finished and ran their pump program. Grays are GREAT for companies that are not scams or diluted post pumped stocks.
It may be hard for the sub penny retailers from buying the stock but that does not mean the company is game over.
It is over if the company is a pump shell or scam that already dumped and diluted and does not want to fold, they just drop to gray and walk away.
If you file your data to the OTC and pay the $6000, in 3 days your OTC would be current. There is NO backlog. The OTC just wanted every one of the 2600 STOP signs to pay to move to Yield but only 250 did and 2400 are not budging.
This was nothing more then a money grab from the OTC who used the rule 15c211 that allowed the OTC to set the rules to be compliant NOT the SEC or FINRA.
2600 x $6000 is almost $16,000,000 more annually for what is simply a public entity with no regulation powers (The OTC)
:)
Suissac. NO ONE is getting any money that SGMD is taking from investors other then the debt financiers and Jimmy.
The news is to get people to keep buying the stock so they can keep selling it.
The news has to be so amazing that people invest so your post about SGMD giving lemon $24,000,000 is just words and NO Money will be given to anyone other then those selling the shares.
The fact you posted that $24,000,000 just proves what they do WORKS to get money from suckers.
SGMD is not going to give lemon budcars a PENNY.
Don't you get it yet.
GVSI is finished. 2 billion float, no data, debt, dilution and other issues. They may reverse it into a new ticker, cancel all the GVSI shares and start over as a new clean entity maybe another BITCOIN?
One of the AMAZING rules in a reverse merger is the new company has the right to cancel all previous shares in the other company (GVSI) and start a new ticker from scratch and are not obligated to take any of the previous GVSI share holders to the new ticker.
Some companies will try and keep the peace and issue old holders with new ticker shares but the reverse split leaves previous holders with very few shares knowing full well they will just buy more in the new ticker.
Then again they may just walk away after they drop to EM/Gray
Most of the remaining 2400 OTC's on the stop sign are going to move to EM or Gray. I believe EM tier may have been removed as an option.
The reason is the EM tier would end up being the same as the STOP sign tier just a different designation.
Since most of the pump and dump OTC's have already raised millions each, some may just say OK we made a killing so just let it move to gray and let it lay there till FINRA kills the ticker. The OTC cannot suspend or eliminate a ticker, only the SEC and FINRA can.
People who have been duped by many of the 2400 still on STOP sign will soon find most will end up with worthless stock. The GOOD news is that the SEC, FINRA and even the DTC said companies that are not questionable diluted pump and dumps can do very well on the Gray or EM if that is an option.
Gray is where companies that are already dead go to die but companies that are doing OK can expand and prosper. FACEBOOK started out on the Gray tier but not many know that.
Good companies on the Gray will do better then they would on OTC current and BAD companies that used to be OTC current that diluted the authorized away go to Gray to fade away.
It is hard to tell if an OTC current is real or not, legit or not because they hide under the 15c211 intent rules.
In the Gray market there is either GREAT or HORRIBLE with nothing in between and that is where the accredited and sophisticated investors go to find the hidden gems that they can't on the OTC current tier.
Just to add this: I spoke to the SEC and FINRA. BOTH agencies said that 15c211 compliance with OTC listed stocks have to rely on the OTC's requirements NOT the SEC or FINRA'S
They said in order to be Compliant on the OTC under 15c211, companies have to file their financials and even if they don't file them correctly with no legal letter to validate those financials, the company can choose to be listed under the OTC yield and be 15c211 complaint as long as they pay the filing fee ($6000)
The financials to be 15c211 complaint under the OTC guidelines are the same requirements any company filing to be OTC Yield had to do before the 15c211 amendment.
This was just to get the STOP sign listed non-paying OTC's to pay to move UP and be questionable because you can't sell retail shares on the EM or GRAY tiers.
The OTC is using 15c211 (using their own rules to be compliant) as a way to get rid of the FREE parking for pump and dumps (the STOP sign tier) because the insider trading warning did not work to get them to pay to be current.
Transparency under 15c211 is the same as it always was prior. The OTC's have to say if you invest they may not complete their goals and investors may lose all their money. That is compliant.
The only difference is if you do NOT pay the $6000 and file even questionable data, you cannot stay on the OTC under the STOP sign.
This was a way to eliminate the STOP sign and move all the pump and dumps who want to keep diluting who have to pay the $6000 OTC fees to be on the questionable YIELD which is compliant.
In the past weeks 250 OTC's moved to YIELD and only 18 moved to current. That says it all.
Under the OTC data of OTC's with the most shares traded (under a penny pump and dumps) most are now YIELD not STOP simply because they filed non legal data and paid the $6000
Those who do not really fully get this are in complete denial. Call FINRA they will say to be complaint on the OTC you have to be compliant by the OTC's rules not Finras or the SEC's.
T35 the new SEC 15c211 rule means OTC's have to be transparent. SGMD is fully in compliance with 15c211. They are transparent because in the fine print they are warning investors that what they say my not happen and investors may lose all their money.
Transparency under 15c211 does not mean success or even an OTC completing what they say in PR news releases. Transparency means they just have to tall you what they say MAY NOT happen.
SGMD is fully transparent. They have no sales, make no money and have $21,000,000 in debt they have reduced by issuing more shares each day to the float.
A company raising million$ and failing is not a crime.
It just means they tried and failed and when you buy the shares it states that in the fine print.
:)
They will keep selling till all 10 billion are in the float.
When the authorized dries up, the pumping stops and with no more shares to dilute the company goes silent and the bid drops to $.0001 with no buyers.
If people keep buying when the 10 billion are sold, they will just add another 10 billion to the authorized and keep the cash coming in.
:)
How many shares people own.
Only 6 people here own shares?
6 people = 52,330,000 shares! Post your holdings and lets see if we can prove GNGR was shorted.
5 people = 52,030,000 shares! Post your holdings and lets see if we can prove GNGR was shorted.
4 people = 52,030,000 shares! Post your holdings and lets see if we can prove GNGR was shorted.
CaoPan, why did they drop your orders? What do you own and what quantity of shares did you try to buy? Do Tell.
If only 2 people here own half the float, and your orders did not get filled, I can only imagine the brokers do not want to process any sales and only buys on the bid as low as possible.
I am also guessing and probably correct, that people posting on this forum have so little shares that they are embarrassed to say they own 1000 shares or less yet they are the biggest critics of OTC’s they own very little shares in. If two people here own half the float, GNGR can't possibly only have 4 shareholders.
And there are people posting here who claim the don't own any of this stock but they are here just the same so they must own some or very little just in case it hits.
So far 51,000,000 from just two shareholders.
2 people own half the float????
That's 51 million, anyone else?
Who owns what amount of shares? Let's add them up and see if just the few here exceed the float.
Anyone posting what they own, also include what others posted in the same post so we can see the totals on one post.
We have 30,000,000 (copy this and add it to your post and share count) I bet combined they exceed the float.
If that is what the CEO owns that is what he will get. How many shares do you own?
From what we know, YES the CEO owns 700,000,000 and we own 30,000,000+
regardless of who owns what, there are 1,093,000,000 issued. Who owns shares, gets the dividend.
Any shares in the float that exceed 108,000,000, the dividend will have to be paid by the brokers.
So what is your point?
Do you have a calculator there? Oh Boy.........
No math changed. Everyone knows the CEO owns 700,000,000 shares based on the old website data.
How are you doing math. Your totally confused somehow.
rmclau,
You need a new abacus. Here is why.
If there are 1,093,000,000 issued and in the float and the dividend is $.0000625 per share.
That comes to $68,312 cash used for the dividend.
If the CEO owns 700,000,000 the CEO gets $44,000.
The rest is divided up between the remaining 393,000,000 which includes the 108,000,000 float.
108,000,000 in the float totals $6,750 and the remaining 285,000,000 get $17,812.
The $68,312 is divided equally between all the issued and float shares. No one gets more of the dividend then anyone else because it is based on a dividend per share.
If you own 10,000 shares you will get $6.25 from your broker. If you own 10,000,000 shares you will receive $625 and so on.
We own 30,000,000 and that is being increased but at 30,000,000 we will get $1875 regardless if they are shorted shares or original shares, the brokers have to pay out that money.
If GNGR is shorted, the brokers will have to pay the dividend and close the short.
Gunther Grant could have used the money to go to OTC current I’m sure so at this point it looks more like a corporate action to expose shorts that would otherwise not be exposed if GNGR were to just file to be current.
At this point it seems GNGR is going tactical not the OTC status quo.
We like that move.
YES!
You posted: Made the assumption the ceo owns 700,000,000 million.
So if he reinvested the 44k dividend into an other dividend he would get 300k from the 2nd dividend.
How do you get $300,000 from $44,000?
What math are you using?
Not sure what you mean when you say 6k 44k 300k
A cash dividend is divided into the issued shares regardless who owns those shares. If you own more you get more if you own less you get less but it's the same price per share.
However, only the DTC float of 108,000,000 will receive the dividend and not the shorted registered shares. Those will have to be paid out by the brokers and the shorts closed.
The problem is, there is just not a large float and any attempt to close the short will send the stock up. Even on the slightest attempt. The low float is key to stopping a run on manipulation down to $.0001 and as stated many times; the lower the price goes the more we will buy.