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Mushpuppy,
It's not much of a prediction if you revise it everyday/week.
We are getting PR this week and only weeks from getting current. Now you're saying we are going to hit nearly .20, so when are we suppose to drop below .16, let alone below .10?
How can I help edit the page?
Id like attention brought to the many avenues by which SGMD/Bizright products can be purchased, to include Amazon amd Walmart.
Ironguts.
Thank you for all your chart analysis. I really appreciate the work you put into it and the insight you provide.
IMO, bringing in a CFO is a big deal.
Especially for a scam company, amirite Mudpuppy?
I have openly questioned the $1 goals and think that is too ambitious for short term. I think something around .4-.6 is reasonable.
Let them get on their feet and get that cash flow, then yes, $1 is completely possible.
However, until then, play it as you see it.
Hah.
You must be new here.
We have been making money off this since it was at .09 a year ago. Stayed down to .03. Watched and traded the bounces between .13 and .40
Not our fault people are inpatient.
I was just told we should expect an update next week regarding .
Feom what they told me, it seems like everything is progressing as planned.
Everyone just needs to cool their tits.
Is growonix brizright?
https://ih.advfn.com/p.php?pid=nmona&article=77068851
If you havnt already, read this too.
http://sugarmade.com/ceo-letter.pdf
It sounds to me like we should all be writing reviews on Amazon.
How possible would it be for Jimmy amd team to sell some of their shares to raise money? But not dump them on the market, causing pps to drop. Can they sell their shares directly to individuals?
This would be a way they can circumvent having to issue new shares or borrowing.
The Mudpuppy cancer has spread to Yahoo, too.
Just yesterday I had a sausage cooked with my Srirracha Butter sticks.
I enjoyed it. Im going to test it with other flavors today. 4 more to try.
I also have a steak i just bought just for my stix.
Nothing has changed.
Just a lot of people who werent happy with the company announcing they are going to start earning over $30M, up from $4M, and are too impatient to wait a couple weeks for the Qs. Oh. And weak hands, SGMD is sensitive.
It says many were compensated with shares in lieu of payment.
Do we know when those shares were issued?
I looked up the insider ownership again. This is the same link Josbor linked a while back.
https://www.nasdaq.com/symbol/sgmd/insider-trades
Whats up with this? Says no insiders.
Wait... stocks go up... and down???
Crap. We are all screwed.
AMD has been losing millions and millions of dollars for years. I bought it at $1.60 in 2012 when everyone was talking about it going bankrupt. Hit a high of $14 last year. I didnt buy it for their past or because they were losing money. I bought it for their future and what they were doing.
SGMD is moving forward.
Jimmy Chan has already turned SGMD into a $30M business.
Chenlong Tan who turned Bizright into a $30M business is now SGMDs Director.
Daniel Parker, their IT and E-commerce guru has built and sold his own multi million dollar company.
Seriously. Tell me. So I can buy it.
:D
Name another penny stock with as large a revenue increase, with real products on the market now, that is increasing their staff size to facilitate growth, and the balls to file an 8K with the SEC saying they will be bringing in $30M over the next year a mere week after releasing a 10K showing less than $10M in sales.
Exactly.
Remember, these changes JUST happened in the past 6 months.
This is the ground floor. period.
$4M to $30M with multiple new revenue streams.
1st and 2nd Quarterlies coming in April.
3rd Quarter due out On Time! This is what happens when you beef up your accounting team by 2x and hire a CFO.
Real company.
Real products.
Real revenue.
Real potential for growth.
If you buy the rumor and sell the news, you'll miss out on big gains.
They cant all be green my friend.
How was the sector today?
A little pull back after a 100% run. Completely normal.
This lower pps will make it even more attractive on Monday once everyone has seen the light.
Sugarmade's specialty is in Marketing.
Marketing Bizright products, marketing Carryoutsupplies, marketing Budlife, marketing Stix. Why not add Halo Filters because NUGS's specialty is not marketing.
SGMDs Master Marketing Agreement with Bizright.
SGMD, since December, has gone from 3 accounting staff to 10 and a new CFO ( who will start full time soon )
Basically, SGMD was doing too much with too little staff. They grew too quickly, buy have corrected that issue.
http://stockcharts.com/h-sc/ui?s=Sgmd
Ironguts, what about the RSI?
Share/Ask questions in our Facebook group. ;)
Ironguts, you should hook us up with some chart knowledge in there.
$1 would be nice.
So you think .35 is reasonable next week? lol
Ironguts, what do you think a run will look like?
Remember last year when they brought Sound Decisions in for Srirracha Marketing, and that's when we started seeing Facebook activity and Stix on Amazon?
He is their E-commerce specialist, who is also working their marketing.
Daniel Parker, CEO of Sound Decisions, is one of the two people I met with.
He has an impressive resume, which can be found here:
https://www.linkedin.com/in/daniel-parker-0a8a9a48
I am hoping they add a Bio page.
Daniel and Giovanni hit on a couple of these topics while I was there. I forgot to mention it earlier.
Regarding the CFO, he is in transition and not yet in a full-time status, but they have found/hired one so that is good news.
As for marketing, that is something they are ramping up, with Daniel having come on board last year for that purpose.
Finding investors. Their new location is a big step towards that gaoal. I cannot stress enough the improvement the new location is over the old one. That will go a long way when potential investors want to meet.
One word. Sleek knows it.
Vision.
That was me.
Check my post yesterday.
I pick companies to invest in using 3 criteria: People, products and Potential for growth.
SGMD.
Check
Check
Check
I met with Giovanni (Investor Relations) and Daniel Parker (IT amd E Commerce guru.)
Ofcorse they weren't able to tell me anything (legally) about what will be happening or when, I was able to talk to them about where they came from and why they were with the company.
The biggest take away, for me, is the passion they seemingly have for what they do, and their commitment to Jimmy's vision for the company.
A vision they are working to better communicate to shareholders and the public.
(We will see that when Daniel finishes designing the new website)
They were both confident in Budlife, and said it is currently in the QC stage, and that they are aware of the concerns with Joe P. That is why they are doing the R&D and ensuring a quality product is delivered to the market.
Their accounting department has grown from 3-4 to 10. Hiring for the department began in November 2017 to meet the demands of the growing company.
The Bizright Master Marketing Agreement was done to give Bizright a much needed marketing department, and allow them to concentrate on what they do best which is their products.
Now, a 1hr meeting with 2 people can't tell me if this company will be a success 1yr+ from now, it can however give me the confidence to believe that it will be very good to me (as a shareholder) in the short to medium term.
Out of respect for their control of PR, I have 3 pictures I will post on Facebook. One of the conference room we spoke in, and the office where the accounting departments does their magic, as well as the Sugarmade specific parking spaces.
Overall, the office looked good and they are still moving people in. Armond (spelling) has done a great job (according to them) of keeping operations running smoothly during the transition.
I don't believe this is a HTO.
This is a very smart, mutually beneficial, business deal/merger.
Good business. That is all.
That's why I'm in.
Is it possible to be a reverse merger..... but not a reverse merger....
Bizright isnt taking over Sugarmade. They are not even merging.
However, Sugarmade is recognizing Bizright revenue and Bizright big wigs are getting positions in Sugarmade.
This isnt a bad thing. Just an obersvation.
Double disregard.
Disregard.