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What are you even talking about? You are out in left field. Everyone who has been reading the SEC filings know that they don't have the cash. If you would have been following the posts here then you would see that we all have been posting and talking about that. That's why SGMD has been selling shares to raise capital and stay afloat like most of these small cannabis companies. Your problem is that you want to post something but you are not even reading the other posts here. Or maybe you are reading them and not understanding them. Why else would they need financing? Because they don't have the cash. You are way out in left field. It shows you are way out in left field when you say "gross revenue don't mean crap." That's why Sugarmade does not have the cash because they don't have enough gross revenue. So, evidently gross revenue means a lot...lol
Also, you are not going to correct me on anything because there is no need to. Your argument is whack...lol. What does your sizable position have to do with anything? I have more shares than you. But so what, we were not even talking about shares. Something is wrong with your perspective on things...lol
Yeah I hear you. But, keep in mind unlike other companies out there this is temporary. Once the acquisitions are financed then it’s big revenue and we rebound. The other outfits have an endless cycle of this and are dependent on their existing structure of trying to get sales. So they can go years like that. This is for financing the first 2 acquisitions and then bam they under Sugarmade structure and then instant revenue and we are off to the races. So it is not as bad as it seems.
It will all work out in the end. We finance the deal then it’s done. Then wah lah much needed revenue!
It depends on how you look at it really. I would say neutral as being the optimist because it's the K& J financing needed to close the Bizright & BZRTH acquisitions but the stock price may go down as a result because of the dilution. SGMD need the ability to use our equity securities to finance the deal and close it out. After the deal is done then Sugamade will have some revenue.
They state that :
"We do not have sufficient cash on hand.
As of March 31, 2019, we had $33,916 cash on hand. These cash resources are not sufficient for us to execute our business plan. If we do not generate sufficient cash from our intended financing activities and sales, we will be unable to continue our operations. We estimate that within the next 12 months we will need at least $5,000,000 in cash from either investors or operations. While we intend to engage in several equity or debt financings, there is no assurance that these will actually occur. Nor can we assure our shareholders that we will not be required to obtain additional financing on terms that are dilutive of their interests. You should recognize that if we are unable to generate sufficient revenues or obtain debt or equity financing, we will not be able to earn profits and may not be able to continue operations."
So they need this K & J arrangement to close out the deal and keep the company going. There is no bank loans for companies like this. So, IMO, it may get a little rocky with the stock but in the end it will all pay off.
Your locked in with this CROOKED outfit now...lol
Sugarmade has an SEC filing of Form S-1. It relates to the offer and resale of up to 138,461,538 shares of Sugarmade, Inc.’s Common Stock, par value $0.001 per share, (the “Shares”) by K & J Funds, LLC (“K&J” or the “Investor” or the “Selling Security Holder”) pursuant to an Investment Agreement dated April 16, 2019 (the “Investment Agreement”). If issued presently, the 138,461,538 Shares registered for resale by K&J would represent approximately 16.67% of our issued and outstanding shares of Common Stock as of June 14, 2019. Subject to the terms and conditions of the Investment Agreement, we have the right to “put,” or sell, up to $20,000,000 of shares of our Common Stock to K&J.
K&J may sell all or a portion of the Shares at fixed prices, at prevailing market prices at the time of sale, at varying prices, or at negotiated prices.
https://www.sec.gov/Archives/edgar/data/919175/000152013819000203/sgmd-20190425_s1.htm
It's not going to go according to your time table. It is going to go according to their time table. It is what it is. We are not privy to all of the hurdles that they may be encountering doing these deals. There may be regulatory issues, finance issues, integration issues, accounting issues, price issues, etc. I don't think you understand the process. It's not a wham bam, thank you mam process..lol. The entire process officially starts with an offer made by one company to another. Offers may be public or private. If a considerable offer is made then both companies will usually be involved in closed-door discussions about the proposed merger. Agreements may be made after the first offer but usually, negotiations will involve several offers and continued discussions that may last for months. So just because they are in negotiation discussions does not mean an acceptable offer was made. So, the date of 9/25/18 and they were negotiating means they were in meetings discussing the terms and no acceptable agreement between both parties was reached. So they continued the discussions. Then, I think in Hydro4less's case the PR in Jan 2019 signaled to me that an acceptable offer was made and an agreement between both parties was reached. It is not a one way negotiation where Sugarmade just put's something out there and the other party accepts it. No both parties have to agree and that could take months. We are just fortunate that Jimmy put the PR out there so that we as investors can know what they are planning to do. That gives us time to buy more shares and make some money off this deal when it is final.
For all we know, they may be working on all of these deals all at once since they have acceptable offers from all of these companies. That way they can examine the synergies that may come from all of these companies. For example, if all of these companies have Information Technology people. Will they need all of them? If they all have Safety Representatives. Will they need all of them? They can save money like this. So we do not know how they are thinking. But, if they recognize revenue of over $100 million all at once then what a pop that would be for the stock. Then they may uplist soon after to the Nasdaq. That may be the plan. So, be patient and stay in the game because if that is the plan then it will be a game changer.
Also, all acquisitions and mergers are not the same. It can be six months to several years for a merger completion and it depends on the issues involved. That's why you cant compare different companies acquisition timelines because there are different issues involved with each one. Also, you are not going to get any news from most companies when they are doing acquisitions. They don't want to screw it up and have the SEC on their backs so they have a "QUIET PERIOD." It is a news blackout until it is done. I think that is what is going on now. So be patient it is almost done. IMO, I think we are going to see something soon.
https://www.investopedia.com/ask/answers/08/merger-completion-time.asp
https://www.successfulacquisitions.net/how-long-does-an-acquisition-take/
Yes, I think the wait is almost up. I don’t know where they are in all these acquisitions but after Bizright and BZRTH are done, IMO, Hydro4less might be the next one to close simply because it is a smaller operation. Not as much accounting to do and it is an all stock deal. That one may be quick.
There is no acquisition that is going to happen quick like your thinking. Just give them the stock and it's all done is not the formula. They have to audit the accounting for the company they are going to acquire. They have to integrate the new company with their companies. They need to examine to see if there are any synergies between the companies where they can save money. There are many other factors that they have to consider, not to mention all of the regulatory considerations. IMO, once they are finished with one then it will be like a domino effect they will be done one after the other. This thing is almost done, just be patient and wait.
The Oct 2018 date was the announcement of the acquisition of Sky Unlimited. Hydro4less acquisition announcement was Jan 2019. So, IMO, it is going to take some time to close out those deals since they were announced so recent. However, I don’t think it will be as long as Bizright & BZRTH because they will have been through it one time already. Also, I am sure that they are working on these deals simultaneously. So we have to be patient. These deals are closing.
I don’t think it necessarily has to be PR’ed, IMO. The SEC filings will say it all, especially with the quarterly & and annual filings. That is what most of us are and should be following. Now, I think it would benefit from some PR following their filings. That would definitely do it. But, I think a company that has been PR’ing this pending acquisition for the last 1 1/2 years will PR it’s closing of the acquisition.
Sounds like you have a lot of doubt. If you feel it in your gut that this is not going through then maybe you should pull out. Always go with your gut. My gut says the opposite...lol
More evidence of BZRTH being integrated into Sugarmade is the Network Newswire Investor Relations kit for Sugarmade. In the kit it lists Sugarmade's Exectutive Leadership Team. Right behind Jimmy Chan on page 16, it lists Lawrence Tan, founder of Bizright, as Board Member and Chief Technical Officer of Sugarmade then on page 17 it lists Giovanni Pierce.
Giovanni on his linkedin page has his title as Manager of Legal Operations & Business Affairs at BZRTH. In the Investor Relation Kit it says his job duties are Human Resources & regulatory and legal compliance for Sugarmade. So, it looks like it is one big happy family. So, if one has not taken advantage of these low stock prices yet, then time is running out to do so because when this is finally announced as done, this stock is going to rise very fast.
https://www.linkedin.com/in/giovanni-pierce/
http://networknewswire.info/sgmd/ir/16/
More evidence of Bizright being integrated into Sugarmade is the Network Newswire Investor Relations kit for Sugarmade. In the kit it lists Sugarmade's Exectutive Leadership Team. Right behind Jimmy Chan on page 16, it lists Lawrence Tan, founder of Bizright, as Board Member and Chief Technical Officer of Sugarmade. His duties are to evolve Sugarmade's information systems platforms to ensure that optimal decision making capabilities exist throughout all of the operating subsidies. That tell us that they putting the structure together at Sugarmade to manage all of the pending and future acquisitions. So, it's just a matter of time before it's built to their liking and then it's off to the races for this company and it's stock.
http://networknewswire.info/sgmd/ir/16/
Lol...I have him tuned out.
Yeah, the website looks very nice. It's a big improvement from where it was. It's obvious they are slowly preparing to be a top tier company with a lot of growth potential. I think we are in a good position for when Sugarmade starts taking off.
What you keep forgetting is that SGMD was already at .4 in 2018 generating only $4 million in revenue. So how in the world can anyone think that if they are generating $100 million in revenue that they will still be at .4 pps range. If it is there then something major is wrong with the company. Revenue is what drives stock prices. All of the recent retreats of the stocks of the major cannabis players, such as Cronos, Canopy Growth, and Aurora have been because of revenue decreases, plain and simple. So, when SGMD starts generating in excess of $100 million in revenue and the potential for future growth is there, the pps will be in the dollars and not cents.
We are going to come back to this when it actually happens, if you are still in SGMD. You project that when SGMD generates $100 million in revenue that the pps will be .45 - .60 which is extremely low in accurate projection, IMO. I predict that it will be in the Dollar range. In fact I will boldly say that it will be in the multiple Dollar range. We are going to see.
I have not lowered my expectations I don’t think you are reading the post accurately. I have said previously I believe any revenue recognition near $100 M (70 - 100) the pps is going to be in the Dollar range and not cents. Since Bizright and BZRTH closings should generate according SGMD projections of $4O M in revenue the pps is going to be between .2 and .6 or higher. What you are not factoring into your projection is market sentiment or speculation. You are leaving something out of the equation. That’s why I said your projection were quite low for a company generating $100 M in revenue. I ask you and will ask you again do you know of any cannabis related company that is generating $100 million in revenue that their stock price is not below $1?
The last PR that we received from Sugarmade that I can remember was dated 6/13/19. So they have not put one out every other day like they were. So it’s been a few weeks since the last one. So maybe they are just waiting to put one out about the closing of the Bizright & BZRTH acquisitions alone. That way it will stand out and not blend in to the other PR’s. So maybe we will be getting some good news soon.
It all depends on where the revenue recognition falls. If they fall within the $40 M that SGMD was initially projecting, then I expect with market sentiment and all the pps to gravitate eventually between .2 to .6 pps or higher. Then when they close out Sky Unlimited LLC (AthenaUnitedcom) and add the other $40 M for a total of $80 M in revenue I expect with market sentiment and all the pps to be well over 1. But, It depends on what happens with these audits.
https://www.prnewswire.com/news-releases/sugarmade-and-bizright-llc-to-create-largest-public-cannabis-supply-company-657953673.html
This deal is a done deal. We have to just wait until they completely finish.
Sugarmade's website now has Bizright's Zenhydro as their brand with a picture of the location at 2399 Bateman Ave, Irwindale, California. So I imagine soon we will be hearing something on the close out of the Bizright & BZRTH acquisitions.
http://sugarmade.com/brands/
https://www.prnewswire.com/news-releases/sugarmade-to-become-the-worlds-largest-publicly-traded-cannabis-industry-supply-company-664909393.html
It’s this article about Congress Votes To Block Feds From Enforcing Marijuana Laws In Legal States
The House of Representatives approved a far-reaching measure on Thursday to prevent the Department of Justice from interfering with state marijuana laws, including those allowing recreational use, cultivation and sales. Soon it will be legal across the board. Cannabis related stocks will start popping
https://www.forbes.com/sites/tomangell/2019/06/20/congress-votes-to-block-feds-from-enforcing-marijuana-laws-in-legal-states/#227efc524b62
United States House of Representatives Approves Pro-Marijuana Legislation
Yesterday, the Republican controlled United States House of Representatives approved legislation which prevents the federal government from blocking state laws pertaining to legal medical marijuana. Pretty soon marijuana is going to be legal across the board. Boom times are coming. Plenty of opportunities for SGMD.
https://technical420.com/cannabis-article/united-states-house-of-representatives-approves-pro-marijuana-legislation/#
It's going to get better soon!
A consultant associated with Sugarmade named Giovanni Pierce, who had the title "Consultant in Legal Operations and Business Affairs" with SGMD recently updated their LinkedIn profile to say that from May 2019 to present that they are now "Manager of Legal Operations & Business Affairs" with BZRTH. Sugarmade is slowly getting the structure in place. So, it's happening. It just takes time.
https://www.linkedin.com/in/giovanni-pierce/
We just can’t let other people’s impatience affect our decisions. Also, we can’t let the day to day, ebb and flows of the stock market affect us. We have to hold until it is done. Then when it’s done the stock price is going to soar.
These deals are closing. When you look close enough you will see the pieces being put together. Once the first one is done then the others will soon follow. Just think, Sugarmade hired someone months ago with a specific background in acquisitions, Christopher Dietrich. They would not do that if they were not planning on closing these acquisitions. Also, Sugarmade ‘s Giovanni Pierce morning changing his LinkedIn job tittle
IMO, we are close to having the deal closed. Someone associated with Sugarmade named Giovanni Pierce, who had the title "Consultant in Legal Operations and Business Affairs" with SGMD recently updated their LinkedIn profile to say that from May 2019 to present that they are now "Manager of Legal Operations & Business Affairs" with BZRTH. Sugarmade is slowly getting the structure in place. We just need to be patient it’s going to happen.
I think that run in price to the 0.05 was someone just positioning themselves. When the deal is done, this stock. Is going to run.
It means nothing for us. Sugarmade had this consultant, Arman Tabatabaei , that was appointed to MCTC Board of Directors.
Or like watching water evaporate!
I think you are in it a little deeper thanI am, but I am right behind you.
It will all work out.
How Long Does It Take for an Acquisition to Go Through?
This article says that corporate mergers and acquisitions can vary considerably in the time they take to be completed. This length of time may span from six months to several years. So, it’s not unusual that SGMD’s acquisitions has thus far taken awhile to complete. There are necessary steps that must be completed for the company to be fully acquired. So SGMD has said that they are on the tale end and will be done in 2019. So those who remain patient will reap the reward.
https://www.investopedia.com/ask/answers/08/merger-completion-time.asp
There is no doubt that BZRTH acquisition is going through. Sugarmade put out the 8-k dated 5-21-19 stating "Sugarmade’s plans to fully acquire BZRTH, Inc. (“BZRTH”) a company associated with BizRight, LLC (“BizRight”) remain unchanged." Someone associated with Sugarmade named Giovanni Pierce, who had the title "Consultant in Legal Operations and Business Affairs" with SGMD recently updated their LinkedIn profile to say that from May 2019 to present that they are now "Manager of Legal Operations & Business Affairs" with BZRTH. Sugarmade is slowly getting the structure in place. So, it's happening. It just takes time to get all their ducks lined up in a row.
https://www.linkedin.com/in/giovanni-pierce/
Colorado passes $1 billion in marijuana state revenue!
Colorado is an example of why you will see state by state legalization until it is legal across the board on a Federal level. In just a few short years of legalization they have reached this milestone. Other states that have not done it are soon to follow. All of them want the revenue. That will put a big demand for cannabis and adding to the current supply shortage. So plenty of supply opportunities for SGMD for years to come.
https://www.cnbc.com/2019/06/12/colorado-passes-1-billion-in-marijuana-state-revenue.html
Canada ‘Blew’ Its Chance to Be the World’s Pot Leader. American companies are quickly catching up.
This article says U.S.-focused firms outpacing most Canadian firms even though marijuana is still illegal at the federal level. So, when it is finally legalized on the Federal level in the US, expect an explosion of expansion from these companies and big opportunities for Sugarmade.
https://www.bloomberg.com/news/articles/2019-06-09/canada-blew-its-chance-to-be-world-pot-leader-cannabis-weekly
SGMD has a string of acquisitions that they are trying to close out. They are trying to close out Bizright, BRZTH, Sky Unlimited Group, Athena United, & Hydro4Less. IMO, once they close out the 1st one, Bizright & BRZTH, then it's off to the races with the stock price. This will help them speed up the process on the other acquisitions and their closings will soon follow there after. According to SGMD's last 10-Q in their own words "we expect to begin recognizing an increasing amount of revenue under the Master Marketing Agreement (Bizright) as we move further into calendar 2019 after completion of the acquisition." So, their timeline to finish the acquisition as stated from the May, 20th, 2019 dated 10-Q is soon in 2019. So IMO, I think we will see 0.1 pps and above before the end of 2019.
Volume has been good the last few days!