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Was it not trending down at that time?
Biz, Sky, and Hydro have nothing to lose. SGMD needs them, not the other way around.
I don't think the people running Biz, Sky and Hydro are worried about whether a deal goes through or not...they'll continue to operate with or without Sugarmade.
That's one thing about being on the Grey...
On the sell side, you have to take what you can get for it.
On the buy side, you have to bid higher than the current "last" price.
Hopefully the people who bought .75 get their money back...if they haven't already took the loss.
I remain optimistic.
A few green days last week from a fluff PR and an Effect S1 which contained no information...#dogandponyshow
https://www.urbandictionary.com/define.php?term=dog%20and%20pony%20show
LMAO!
I don't think they have any subscribers at this point. Who would be paying for a service that's unavailable? That's like paying for cable/satellite and getting 0 channels.
Lol. Who wants to takeover 100 customers? Might not even be 100 at this point.
Smart money is shorting this. There's nothing in the near term that will cause a short squeeze. A new CEO isn't expected until almost December, Congress won't get anything done in the near term, earnings will continue to miss across the sector...so basically short money is the smart money...there are no threats for the foreseeable future that would warrant a short squeeze, that's why the borrow rates are high.
In business you either provide a service or a product. In rare instances does a company provide both. Canopy had the product and was continuously adding to its slate...Bruce comes from a tech background, so if he would have bought a fintech or other software company to compliment everything under the Canopy umbrella, that would have opened the door to the service side of things. No one knows his vision but him, there's no telling where he could have taken the company that he started. But it's all a mute point now.
"What does that say too you about the risk of your investments?"
For me personally, it says, if it's not an S&P 500 company, don't touch it. Lol.
I think it's time for me to focus on nothing but S&P 500 companies.
From Bruce's backyard interview he implied that he was trying to build Canopy like Netflix and Amazon, thus meaning, he wanted to be dominant first then focus on revs/profits. Not even a year went by before Constellation's impatience set it. I thought it was just retail investors who lacked patience. Lol.
When it comes to patience, Newlands is no Buffett.
"The stock market is a device for transferring money from the impatient to the patient."
Just don't allow imports to America, it might be cut with powder. Lol
Reading this post from the Canopy board made me instantly think about SGMD, and its promoters, particularly this part...
"There have also been instances where a positive event such as a large acquisition is announced and then the transaction is changed or cancelled without an announcement, and others where numerous news releases are issued that do not disclose any new material facts.
In another iteration of the trend that regulators find concerning, and which they say has the potential to mislead, third parties are compensated to use social media and investing blogs to promote companies without disclosing their compensation or financial interest.
Social media use is an area of increasing focus for regulators, and the CSA is also zeroing in on social media posts that describe early-stage plans with “unwarranted certainty” or make unsupported assertions about the growth of markets or demand for a certain product."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150037015
His camera days are over. He needs to work out some financing deals that will make some noise.
He was being sarcastic when he mentioned the September going back to work thing. Bruce is a workaholic. Lol
Public with what?
This grey ticker actually has more volume than Acreage. Lol
As people get desperate and impatient, they'll start selling for any price thus making the stock drop. Don't know what management has planned, but the Bruce effect may be wearing off.
LOL.
They need underwriters to achieve an IPO. If there was any real value here, pretty sure some deep pocket would have already made such a discovery. The fact that they have a market cap of $10 mil, not to mention a flooded mj/hemp sector, I'd say Jimmy and Co are pretty much fighting for survival.
Good luck with that...he's not transparent; he leaves the mystery up to the shareholders to figure out.
As of 6/30 there were 700 million shares outstanding.
https://www.otcmarkets.com/stock/SGMD/security
YOY numbers were good it was just the expenses that were "bad", which is expected for growth. YOY revenues were up 100%, so as you pointed out, what Bruce did with Canopy in 5 years, can also happen here in 5 years.
If they can keep up the YOY revenues at 100% per year...
FY2019 was $10 million
FY2020 at $20 million
FY2021 at $40 million
FY2022 at $80 million
FY2023 at $160 million
Add in a multiple and the pps gives them a market cap of a $ billion or so.
I don't think Martello will duplicate that 3300% gain because they'd have to go up to $17 per share for that to happen, but I do see Martello in the $5 to $10 range in 5 years. This is all assuming no tech giant buys them out, which is always a possibility.
I surely won't measure DRKOF on that day...hard enough to measure DRKOF on a regular day. lol
"...employees and outside consultants." is the professional term for "friends and family".
Interesting. Next holiday, I'll see how that plays out the following day for the ticker that took the day off.
I figured something out today...and if it wasn't for my interest in Martello, I probably wouldn't have cared about Canadian tickers, thus would have never known this.
Anyway, I figured out that for every company with a dual listing (on the US and Canadian exchanges), the price of the stock moves in unison based on the currency exchange rate. For example:
Canadian ticker MTLO closed at .61
US ticker DRKOF closed at .47
Canadian ticker WEED closed at 46.61
US ticker CGC closed at 35.80
Canadian ticker CRON closed at 19.46
US ticker CRON closed at 14.96
etc, etc
Plug either respective tickers stock price into a USD to CAD (or vice versa) currency converter and you'll get each tickers outcome.
https://www.google.com/search?q=usd+to+cad&rlz=1C1CHWA_enUS625US625&oq=usd&aqs=chrome.1.69i57j69i59j0l4.3010j0j8&sourceid=chrome&ie=UTF-8
There must be some sort of algorithm that makes this move in unison. So no matter how much volume one ticker has on one exchange its counterpart will move according to the currency rate. So with dual listed stocks, I guess volume doesn't matter with one or the other. It's going to move based on currency rate.
Give it a try...lol
Type in .47 to represent DRKOF closing price, and the CAD price will be .61 which represents MTLO closing price.
I'm smart; and bored. LMAO!
Not for a loss. LOL
I don't have a sell order in, just going with the flow. If I sell I'd have to put the order in for less than the "last" price, so I want to make sure the "last" price is higher than my happy exit point.
I don't need the money right now so I can afford to hold to see what's going to happen. Q1 next month, deals being worked, acquisitions being considered, and institutions on deck.
It's just our human nature kicking in...that we want everything to happen now. We have no patience. Lol
One good thing about being on the grey market is that shares can't be shorted. It's buy and sell at your own guess.
During the same interview he mentioned "bought deals". If he can get a bought deal for Martello, it's off to the races. So much going on behind the scenes that we don't know about.
"A bought deal is a securities offering in which an investment bank commits to buy the entire offering from the client company. A bought deal eliminates the issuing company's financing risk, ensuring that it will raise the intended amount."
They can offer 50 to 100 million shares for a discount price of .5 and raise $25 to $50 million. And I believe those offered shares would be restricted.
During yesterday's conference call Bruce mentioned he's "not management", so I think all Bruce can do is give management advice/guidance...I don't think he wants to step on managements toes. He'll let them do their jobs.
https://ottawacitizen.com/technology/tech-biz/bagnall-martello-stocks-soar-after-former-canopy-ceo-bruce-linton-muses-about-his-role-with-them
Morningstar's "fair value" for Martello prior to earnings was .81 (CAD)
"He can't command the upper hand on the deals he wishes to close with out the credibility of the company's market status to even make the first call."
Completely agree. Especially if you're trying to pitch to US investment firms.
I contacted them also last week and got a response. They pretty much side stepped my questions as though not to release material info...which I can understand that.
They might as well release a material statement about the matter because investors are interested.
Based on what I'm seeing, I think Martello (DRKOF) can uplist to the OTCQX or OTCQB at their convenience...basically anytime they want to...
https://www.otcmarkets.com/stock/DRKOF/security (scroll down)
"Foreign Stock Exchange Listing"
"MTLO | TSX Venture Exchange | Qualified"
Click "Qualified" and the following info is there...
"Companies listed on a Qualified Foreign Exchange can leverage OTCQX or OTCQB to access an efficient and cost-effective secondary market in the U.S."
IMO, Management needs to capitalize on this momentum, but what do I know, I thought we'd be at .75 today.
https://www.otcmarkets.com/stock/DRKOF/overview
This only affects those who are in America.
When "grey", there's no bid nor ask...so one pretty much has to buy higher than the last price or sell lower than the last price.
Grey means, "Broker dealers are not willing or able to publicly quote these securities because of lack of investor interest, company information availability or regulatory compliance."
There seems to be investor interest in the stock so they are on the Grey market obviously for non compliance...don't know how this is possible unless they really don't care for the American market.
I think I'll bail until they update their OTC status. Americans are discouraged from participating due to the "grey" status. If there's a reason to chase perhaps I'll chase. GLA
The more deals they do, the less acquisitions they have to make. If they can just keep lining up deal after deal and establish a huge client base, then they (Martello) with be the attractive acquisition target.
Making deals don't require much of any expense, other than travel. But for the most part, it's call a company, pitch your product/service, sign a subscription deal.
Today's deal was a 3 year subscription deal...if they can keep this going, and at a rapid pace, watch out. Their growth rate would be an eye catcher.
I'd love to see them do a subscription deal weekly...if they can pull that off, Bruce and the rest of the team are beasts.
Where did you get that quote from?
The original states "Acquired".
"One of the key tactics in this expansion has been SGMD’s use of acquisitions and agreements. The company acquired Sky Unlimited LLC and, through it, the AthenaUnited.com online sales operation, increasing its sales capacity. Sugarmade has also struck deals with companies such as Hempistry, BizRight Hydroponics and Plantation Corp, ensuring smooth supply chains and greater capacity to meet surging demand."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149939887
https://ih.advfn.com/stock-market/USOTC/sugarmade-inc-qb-SGMD/stock-news/80337246/with-10-000-licenses-issued-california-reflects-t
I doubt it, but they have 4 business days to announce an acquisition. So did they buy today, yesterday, the 12th, the 11th? If, so they'd have to respectfully file an 8k:
today = the 22nd
Yesterday = the 19th
12th = the 18th
11th = 17th
How does NNW get their information? Who writes their articles? Did Jimmy tell them that they acquired Sky? We don't know, but since today is the first time anyone has seen/heard of them actually acquiring Sky, an 8K of the acquisition needs to be released by July 22nd at the the latest, if it's not, then more BS coming from Jimmy and associates.
https://www.sec.gov/fast-answers/answersform8khtm.html
To preserve my posts :)
The PR firm can say there was a misunderstanding...hence the "disclaimer". This saves them. Having said that, maybe they did acquire Sky...they'd have until July 22nd to confirm what NNW reported. We'll find out between now and next Monday. Otherwise more fluff to sell shares.
Conference Call Details
Date: Wednesday, July 17, 2019
Time: 10:00 AM EST
Canada/USA Toll Free: 1-800-319-4610
International Toll: +1-604-638-5340
Callers should dial in 5 – 10 min prior to the scheduled start time and simply ask to join the Martello call.
But if everyone sells Canopy to buy Acreage, Canopy's stock will drop and if it continues to drop and Acreage continues to climb, the deal is pretty much balanced out; a share for a share.
Right. So Suissac has no case. Lol
Someone needs to be held accountable for this. More evidence against the company misleading investors, or is NNW liable.