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Frontloading.
Any idea what that reason was?
What is this information yall have that we should or shouldn't know?
No.
PM me.
That was me.
Kids dentist appointments and my wife has kept me from going this week.
We are planning a visit for next Tuesday.
Yep. Someone took a quick 30-40% profit I bet. They have probably already started buying in again with the drop.
I like it. Wish I coul get some of those sub $1 shares.
Very nice opportunity there. I bet they are going for a buyout.
I know past performance doesn't guarantee future performance, but over the past 3 years, SGMD has had plenty of opportunities to dilute, and hasn't done so for the sake of just getting more cash.
Look at the Srirracha Stix. They did 2 kickstarters to fund the SeasoningStix and SrirrachaStix.
They paid out of pocket, or got a loan, to build the production facility.
They made a 3 million dollar deal last year, which part of went to expanding.
The Bizright deal doesn't just give away a ton of shares. A good deal of compensation comes in the future, after meeting performance goals.
You are both wrong.
But the first was closer. Sgmd = sugarmade
Sugar made me rich.
The Sugar is sweet and the Sugar is real.
www.CarryoutSupplies.com
Call or order online
www.Zenhydro.com
Call or order online.
Walmart Market place
https://www.wmtsellers.com/bizright-llc
Amazon
https://www.amazon.com/gp/aw/s/ref=is_s?k=ipower+grow+light
Www.SrirrachaStix.com
Amazon
https://www.amazon.com/gp/aw/s/ref=is_s?k=srirracha+stix
IMO, anything under .40 is a good entry and worth holding. Don't forget to play the swings though.
My bet, like others it seems, is that they have already filed them and now we are at the mercy of the SEC. Much like we were at the mercy of the auditor. SGMD has been done with their part since early January.
Scary Larry and his fellow shorts are gone. TBH though, they probably made a killing if they played it right.
Remember that run you wish you were in for back in late December/early January?
Well..... here it is again.
Interesting play here.
This could be a good year for ADVT.
SGMD is my main play now, but after I hit my goal (150%), Id love to get in here.
As soon as I see the latest numbers, or a big deal go through, I'll make a move.
Maybe someone here can shed some light on their motivations for buying?
My guess, going off what has been said, SGMD financials will be current up to the current quarter.
When reading them, it'll be important to look at more than just profit.
Look at revenue increase Year to Year.
Look at how much of the expenses were one time expenses.
Filings posted NLT next week followed by an awesome PR blitz.
When the PR hits, you better be in and holding on.
Investors - What you need to know.
Take some time to look at Sugarmade products, which are available now.
Dare I say that SGMD is one of the few OTC companies with actual products for sale this moment, with significant growth opportunity and is trading for less than 2x earnings.
With the recent talk of CannaStix, and upcoming Budlife PR, this is still just the beginning.
www.CarryoutSupplies.com
Call or order online
www.Zenhydro.com
Call or order online.
Walmart Market place
https://www.wmtsellers.com/bizright-llc
Amazon
https://www.amazon.com/gp/aw/s/ref=is_s?k=ipower+grow+light
Www.SrirrachaStix.com
Amazon
https://www.amazon.com/gp/aw/s/ref=is_s?k=srirracha+stix
Too many shorts around now days, talking shit and spreading fear.
Late financials
Not much they can do with that big stop sign.
Patience. The Fins will open the flood gates.
Arman is the guy who invited me to come by once they got everything setup.
That was me.
He told me March 10.
I should probably call them today, that way I can have someone to talk to when I get there.
Correction. My wife has informed me that she's planned out my week and that Im going this Wednesday.
Ironguts mentioned ATPT earlier... what a shitshow that is.
As for SGMD. Today or tomorrow, I will be making another trip out to their offices. My guess is that they will still be getting situated, and ill end up going back in a week once they are all set up.
Ill also swing by Bizright warehouses.
Is this insider trading information correct?
The fact that they all own so much, and didn't dump when we were in the .3-.4's, I see that as a good sign.
Is there a way to see how many shares SGMD insiders are holding and how much they have been selling?
Want to order something? Seriosuly. If you cant figure out how to ordera SGMD product, you're special.
Www.CarryoutSupplies.com
Call or order online
Www.Zenhydro.com
Call or order online.
Walmart Market place
https://www.wmtsellers.com/bizright-llc
Amazon
https://www.amazon.com/gp/aw/s/ref=is_s?k=ipower+grow+light
Www.SrirrachaStix.com
Amazon
https://www.amazon.com/gp/aw/s/ref=is_s?k=srirracha+stix
My guess is that BF didn't get the information utill January, that internal procedures needed to be tigntened up and a lot of paperwork completed before it could be submitted for audit.
Largely due to increase in sales from Stix and the merger, and because they were understaffed in the accounting department.
Now, we know all this because they have told us this, every step of the way.
Another productive and insightful post from our resident short.
I agree. No use releasing PRs on a stock that has a stop sign.
This is how I see it going down:
Auditor will complete their audit.
Maybe a small PR.
Financials will post.
Stop sign removed.
PR
PR
PR
I could be wrong, but that's how I'd do it.
I say the company is real. Here is why:
Carryoutsupplies is a real company. I have been to their offices/warehouses. My brother in law use to use them for his business years ago.
Bizright/Zenhydro is real, with products on Amazon/Walmart. Repeated shipments verifiable on panjiba of products being shipped to the US.
Srirracha Stix are real. I own a bottle and have cooked with it. Available now on Amazon. Sugarmade made a significant investment in a production facility in LA using proprietary methods and specialized equipment. They did so fairly quickly and quickly responded to customer complains regarding stix breaking during shipping. (PS. we had similar conversations last year when we were waiting for them to launch the Stix factory in LA)
Budlife. According to their Investor Relations (to whom I have spoken to personally), they will be releasing news on soon.
Again, I have personally visited their current CarryoutSupplies/Sugarmade offices/warehouses. I have also visited their new Office location (during the renovation).
Their investor relations invited me to return around March 10, after they have fully moved in, and also invited me to visit the Bizright/Zenhydro warehouses.
In my opinion, if they were not a real company, they would not have real offices, real warehouses, and they certainly wouldn't invite me for a tour, nor would they have real products on Amazon and Walmart.
Great news. Nice reaching out. I had thought about doing the same, but seriously doubted they would respond.
Frontloading. I got your PM.
Correct name. Not sure if its the same person. Would be kinda funny/awesome if it is.
I don't see how that's obvious or relevant.
SGMD most likely started taking Bizright profits in the new year, which means Bizright has nothing to do with last years financials.
In regards to Q1, there is no reason to audit Bizright, since SGMD is recognizing sales.
Just received a phone call from the same gentleman Josbor spoke to.
Same basic information and a little more
The financials are in the hands of the Auditors, so we are all at the mercy of a 3rd party.
The marketing department is working on some big PR for the next couple of weeks.
He is heading the move to the new offices and he expects the move to be completed soon. In fact he suggested I call back in March and set up a date to come by around the 10th. (Which I will do)
The new warehouse is down the street and they will be working to consolidate everything.
He also suggested I go by the current Bizright warehouses, so I can see how things are operating.
Josbor. Thanks for not being upset. Im just playing devils advocate. Nothing personal.
I don't think now is the time for anyone to sell at a loss. I know I have some shares which are taking a hit, but I really think they are holding on to some big plays, and I don't want to miss it.
I'll continue to call them today, too.
Frontloading, we know the answer. It is in the hands of a 3rd Party Independent Auditor.
Per the CEO.
Financial Reporting - With the pending significant business expansion and
our need to meaningfully increase our staff, we have fallen a bit behind our
normal financial reporting schedule. We have now completed all of the
internal reporting functions with both the fiscal year-end and the most
recently ending quarter’s financials now receiving financial review from our auditors. We expect to return to full reporting status over the short run and
with the staff additions we referenced above, we believe we can continue to
report in a timely manner.
SGMD has been slow and steady and nothing has changed.
We will hear from them tomorrow.
Either the Financials, an 8k with the extension or some kind of PR.
Between this forum and Yahoo, people are disgruntled, and I wonder how much that'll motivate them to give us an update.
If I didn't have a 4 day drill weekend starting tomorrow, id go back to their offices and demand to talk to someone.