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How much actual revenue are we now looking at for SGMD over the next 12 months? Remember that ownership % of BudCars is only 40% while the PRs are talking about 10 million in yearly revenue for BudCars per location with a very high gross margin.
We now have 2 location with one more on the planning. So maybe 30 million times 40% equals $12 million. The growth rate is worth a certain multiple of revenues. A fair current market cap of SGMD might be in the tens of millions.
The problem is that these revenues are not yet achieved and an investor cannot be assured that what he is being told is from a truthful person.
Jimmy Chan who is the CEO of SGMD could be making money for himself by selling shares and promising a rosy outlook that is in reality a distortion or a clever deception. This might be stating the obvious.
Correction: 10:41 eastern time
Up 21% today means that someone might have noticed the attorney letter and bought 4 million shares at 10:31 eastern time. That does not look like a wash trade to me because of the price disparity. It looks like actual buyer interest, perhaps by another foolish person like me.
Thanks HT for the heads up. It is a somewhat encouraging thing that Dr. Otiko responded so quickly to your email NSO. Thanks for posting it.
If he was a complete derelict criminal who is addicted to heavy drugs as described here he probably would not have responded coherently to a question.
How much of BudCars do we own now? It used to be 40% with an option to buy another 20% I think? Is this correct?
So am I the only person who is holding shares long over the long term? Is everybody here a flipper or an altruistic basher?
Correction- preferred share value would be 1/100 of a common share after hypothetical reverse split.
Is this correct?
Thanks. Since preferred shares are not affected in share count in a reverse split the result of the hypothetical 1000 to 1 reverse split would be that one billion common shares become one million common shares and the 30 million preferred shares stay at 30 million in share count.
Does this affect the distribution of equity in VDRM since preferred shares are also equity. The VDRM preferred shares have a value of 10 common shares on the balance sheet. After the reverse split there would be a total of one million common shares. I imagine that they have to become worth 1/10 of a common share after the hypothetical reverse split.
Thanks for anyone who is friendly and helpful. I did go to investopedia to learn about preferred shares. I do think that questions should not be shamed for stupidity. Asking questions is how we learn.
The final trade was today was 500,000 shares at 0.00128. The prior trade was 0.0016. Does the 5th digit after the decimal point mean that the trade had to be market maker to market maker.
I am with Interactive Brokers. When I place a limit order I can place it at 0.0012 or 0.0013 but not 0.00128.
Market makers in OTC stocks do not have this limitation.
Also I wonder about the small share amounts traded sometimes. What is the reason for trades that total less than one cent? Are tiny trade amounts some sort of code at times for the market makers or trading groups? Is that how the timing for trading groups gets synchronized?
Thanks.
What would happen to Dr. Otiko’s 30 million preferred shares in the hypothetical 1000 to 1 reverse split scenario? One billion common shares become one million common shares. What happens the preferred shares? Thanks.
Preferred shares are not like equity shares. They are more like a bond. There is no reason or logic to split them or reverse split them. If a liquidation were to occur preferred shares trump common shares for any assets that remain after bond holders get paid.
Are there any SGMD long investors who supported the increase in the authorized share count to 10 billion shares?
What sort of annual revenue are we looking at for 2020? The gross profit margin could be good on delivered retail cannabis, especially if SGMD grows it themselves. A cost of one dollar a gram to grow it with a retail sales price of $15 to $20 per gram is a high margin product.
How much does the delivery person get paid? Does he or she collect tips? It might be a more desirable job than pizza delivery. The product does not get cold like a pizza will. The driver might have a supply of products and not need to go to the stockroom in between every delivery.
Could this still be a scam? I am still waiting to hear the latest news on BudLife, PPE sales, Sirachi Stix, Plantation Corp, Hemp farming in Kentucky, It is nice to see aspirational ideas and plans put forth, but what is really happening? How many BudCars are operating in total? How many in 3 months from now? Did we ever actually purchase a 40% stake in BudCars or could that get reneged on like the Hydroponic Sales Companies (2 of them) got reneged on?
Thanks in advance for any opinions, insight, or knowledge.
If VDRM were to reverse split to a stock price of $1 it would be roughly a 1000 to 1 reverse split. What does it mean that the 30 million preferred shares do not consolidate? After the reverse split the outstanding shares would be roughly 1 million outstanding.
The 30 million preferred shares were worth 300 million common shares. What is the situation after a 1000 to 1 reverse split for these 30 million preferred shares?
Thanks.
Patent valued at $2950 on the balance sheet. I did not know that VDRM had a patent. The marketing talks about a patent pending. There was also a license paid or royalty paid for the transdermal technology.
There is $600,000 in convertible notes due and are in default. And yet new financing keeps emerging. To pay this off through sale of shares, it would tank the stock price to triple zeros. If VDRM were to have a run up in price it would be easier to pay off toxic debt.
If people see this as a fraud, then the stock price will never run up. Only credible good news can save this company and my investment here. New products and increased sales would help a lot here.
Dr. Otiko has received 30 million preferred shares. These shares have a value of 300 million common shares. This is a large punctuated change upward in share ownership for Dr. Otiko.
I wonder whether owning that many more shares might cause Dr. Otiko to care more now after stock issuance about an appreciating stock price for VDRM than he has seemed to care in the past.
Who had to approve this deal? It was in 2016. He had to stay as company president for 3 years to earn it. Isn’t it Dr. Otiko authorizing a large stock grant to himself? At 0.0014 pps today it is a $440,000 grant. If the stock goes to 5 cents that would be $15 million for him.
His salary though was only $30,000 per year which is modest enough it seems to me.
It is interesting to see the history of convertible debt loans. The debt doesn’t get paid back , but they continue to issue new loans. GreenTree Financial was in there repeatedly.
This and an attorney letter might get us current I hope.
Thanks to Here Today for the OTC Disclosures link.
Can the higher trade volume between $0.0012 and $0.0018 be wash trades to deceive the more naive investor? My understanding is that wash trades tend to happen all around the same price. Higher trade volume can attract more interest perhaps.
There are only perhaps a dozen traders of VDRM. We are all buying and selling to each other here. A deceitful game strategy might naturally evolve.
Except for me. I am long and have never sold a share, I swear. I suppose that must mean that I am the patsy here.
152 shares traded in the US and we are up 10%. I am not complaining, but doesn’t it seem odd or unusual that such small trading volumes result in such sizable percentage changes in price. If I were to buy a thousand shares perhaps the price would rise 30%.
Did the long crew sell at $0.0018, up 40% in two hours? Is that to good not to lock in the profit?
One hour of trading, 4.6 million shares and up 33%. Could that qualify as actual buyer interest? What if we were to get some sort of news?
Our current market cap is listed at 2.361 million by Interactive Brokers. (There may be more shares than this market cap accounts for. ).
If DFG is owed $5 million then Sims would be better off letting the stock price appreciate than to sell billions of shares and drive the price down to triple zeros it seems to me.
If DFG simply wants to get paid back the money loaned out what would be the best strategy for DFG? What percent of the company can DFG take for itself?
Toxic debt is a bitch.
Only 3 minutes later. Are they short? Is it possible to be short a sub penny stinky pinky? I hear that it is permitted and I also hear that it is not possible to short these stocks.
Usually a move of 43% would show up on investors’ stock screens and then generate some curious its or interest. Not so here. It would be nice to have more of a following here. Can orders be placed for any products yet?
With only 500 million shares authorized, does that put a limit to how many shares a toxic convertible debt holder can convert to only 500 million minus the outstanding share count? Being dark might be a share count limitation tactic perhaps? No raise in authorized share count can get done. Once the MM patent gets awarded then a higher stock price could get DGF paid off without ruining the other shareholders?
I know IG thinks the patents or patents are worthless. Others say $1 billion. That is a very large estimated valuation range.
Dr. Otiko is accepting new patients according to HealthGrades.com. He gets 4.8 out of 5 after 37 reviews. 35 are 5 star and 2 are 1 star. This is not a normal distribution. There are no intermediate scores. How common are fake positive reviews these days?
400 shares traded and up 43%. I suppose there are more shares traded in Canada. I am surprised very few traders have an interest here.
Has any analyst on a conference call ever asked about Libigel?
Thanks JTFM. That was the most thorough response to a question I have ever received on IHub. If there were even a hint that Libigel was causing a 70% reduction in breast cancer in women, wouldn’t there be an ethical responsibility to let the medical scientific world know about it, in the interest of saving lives? Also the cardiovascular (heart attack) lives that could have been potentially saved? Justice demands an answer to what happened.
As far as libido goes I think that it is widely known by behavioral neurologists to be effective treatment in women. Compounding pharmacies do a big business. Did Biosante screw up the way that they and the FDA set up the pivotal clinical trial? I remember , and this was reported on a PBS radio live announcement, that it was both effective and safe, but that the placebo group did better than the treatment group. With female psychology being such a major factor in female sex drive, perhaps you might reasonably expect to have difficulties in measuring a positive clinical effect?
I remember that the trial cost $30 million dollars, money derived from shareholders and mostly suddenly down the drain at that brief instant in time.
I bought 10X shares at that low. ANIP saved my investment with their merger and solid performance that first year. We all thought that ANIP was going to take the ball with Libigel and run with it. Instead it was an agonizing silence about Libigel.
I now have a lot of PTN (Palatin) that has a female aphrodisiac drug fully FDA approved called Vyleesi. It works for both men and women, but somehow failed so far in the market, mostly due to their partner AMAG. Women’s sex drive is a tough nut to crack it seems.
I wish Art Pryzbyl would be willing so talk about it a little bit.
Does anybody have any ideas or speculation as to what the recent 600% up move in 2 days is about? It is maybe $20,000 worth of shares traded.
Normally there is no trading at all for the KAST ticker.
About Libigel, In the final analysis what was the reason that Art Pryzbyl was so quiet with regards to letting the previous BPAX shareholders know what was the plan or what was being done with Libigel? Was there ever a non disclosure agreement? Why did ANIP acquire BPAX?
ANIP went to 70 very fast after the merger. I thought Art Pryzbyl was a great CEO back then. Why has everything in general gone so wrong since way back then? Is Libigel indeed certifiably dead?
I was thinking about buying back into ANIP when it went to $28.28 recently. Is this a mistake? Can Corticotropin be revived somehow?
After all the reverse splits and falling prices the market cap for NVIV is very low. It is below $10 million. If the neuro - spinal scaffold (NSS) is a success it has to be worth more than that I think. The first trial was a success. That makes me think the Inspire 2 could be successful. This is all before even using stem cells or growth factors.
After all this time NVIV might have competitors whereas a few years ago there were no direct competitors.
What do people think NVIV would be worth after approval for use of the NSS and then use of stem cells?
I do know that management is corrupt and perhaps incompetent as well. I think our previous CEO Dr. Reynolds actually is in jail or soon to be sentenced to go to jail. That is real undeniable corruption.
This is all a shame. I think about helping patients and how all the delay has hampered finding treatment.
If there were $30 million in actual annual sales revenues for SGMD, what would be a fair price for SGMD stock? What sort of growth rate in sales would that signify?
When should SGMD exercise its option to purchase the other 60% of BudCars? What determines the price paid for the 60%?
Thanks bb. If things are this bad price-wise after Vyleesi approval, just imagine how bad things would be if Vyleesi had failed and the $80 million milestone had not been paid.
Shorting Biotech in general should be a no brainer
Why does management want to flush out the weak hands?
Up 14,000% today. That’s got to be worth a comment. How many other stocks were up 14,000% today?
Is it still at 6 patients so far? Is NVIV cautiously conserving the cash on hand. What is the monthly burn rate? Thanks in advance.
IHUB financials shows 649.3 million shares outstanding. I think it is actually higher than that. What is the shares outstanding for SGMD. Thanks in advance.
When a whole group of pump and dump artists play through on a ticker would that raise the level of illegality to an aggravated criminal status of conspiracy?
What is the technology involved in the condom patent intellectual property?
Even a pump and dump would be better than very little price action or volume. As GM is fond of saying, “buying and holding a stinky pinky is foolish”. So then , why not let the pumping begin? The smart people will sell at a new parabolic high, and then buy back in after the inevitable dumping. Volatility is what is needed. Too much of a fundamental basis for valuation would only serve to dampen the desired volatility that a trader craves.
What is the current cash on hand? What is the cash burn per month? Thanks.