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1. Is it possible Josbor is trying to manipulate for his own gain? A post like that is likely to spur some selling, and give a nice low buy in.
2. Lets look again at his post.
"-Budlife trial-there is no set period “As long as they feel is comfortable”
*Next few days to beginning of March will release info on Budlife to date
*PR is in marketing/R&D
*Final prototype-not much will change other than cosmetic"
This is actually good news. Budlife is progressing and we will get a big update soon.
"No update on whether Shareholder meeting will be held, decision will be made once earnings released. "
Another good thing for us. This means we don't have to worry about any dilution until after earnings.
"Cabinetry Merger-No information available, seemed by tone it was dead news"
No surprise here. Inconsequential.
"NASDAQ-Stated moving up would be something they’d like, just they’d have to hit on all cylinders as it’s not their decision but one they have to be given based on performance."
Atleast they are looking at it as an option.
"Lastly, PR’s. A lot of PRs coming."
Remember, what have we all been begging for? PRs!
We all know Jimmy has a whole arsenal, but why hasn't he been using it?
Simple, they are not current and have a big fat stop sign. SEC isnt a fan of pumping in that case.
Even if this is a pump and dump (which I still dont think it is). Where is the pump!!! It only spiked in Dec because of the industry, like everything else did. This stock has so much more pump potential.
Don't forget, insiders and now Bizright owners still own a shit ton of shares.
A falling PPS does them no good.
I doubt we will see such a drastic drop.
Only time will tell though.
Frontloading, Sleeksoldier perhaps you two may have better luck getting info? You have in the past.
I was able to get a hold of Giovanni today. It turns out he had surgery very recently and said he would get someone from the office to contact me.
I called Sugarmade (Carryoutsupplies) again and the woman was curious who gave me Giovanni's number since he is out of the office. She took my info and said someone would give me a call today or tomorrow.
I can't say im not a little uneasy, but there are a few things I think about.
1. I personally saw their new offices. I don't see why the company would invest so much in a new office and renovating it if things werent moving forward and improving.
2. The repeated Bizright shipments.
3. Stix sales and their investment in that factory.
4. SGMD has never filed on-time. This is not out of the ordinary.
Damn you and your one post a day.
How did you get this information? Verbal conversation? Phone or in person? Email? Text message?
Do we expect this news to negatively affect pps?
Imo, it will go up with Fins.
1. No one is selling. Currwnt holders are waiting for Fins.
2. Getting current removes stop sign. Which opens the floodgates to all these people who are interested, but can't buy.
3. A lot of people are holding off to buy, because of the late filings. They want to limit risk.
I'll play.
What news?
Ill be refreshing this every 10 minutes until they file.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000919175&owner=exclude&count=40&hidefilings=0
Does this page automatically update PR and SEC Filings?
How much time passes between the filing and it showing up here?
I would love to see Fins this week.
Anything before the 28th is acceptable to me.
No one wins until we get fins.
They have already beefed up the accounting staff and are looking for a CFO.
Im pretty sure they havnt found a CFO yet.
Correct me if I'm wrong, but some of that compensation is also contingent on SGMD/Bizright meeting sales goals.
Frontloading. Hook us up with those dilution numbers.
You're right........... Sugarmade has a solid track record of diluting to pay for all this growth. Soooo much dilution. I can't even taste the sugar anymore it's so diluted.............................................
Don't forget that over the past couple of years they have also improved their core business substantially.
There is a lot of focus on BizRight and Stix, rightfully so, but uptill the Bizright deal, CarryoutSupplies.com was the main business.
In 2016 and 2017 we saw some great things happen on that side, with them lowering cost and increasing sales.
If it weren't for their aggressive expansion, they would probably be profitable.
However, in 2016 they bought some contracts to improve efficiency and sales, in 2017 they built a factory for Stix, now in 2018 we have new office buildings.
Scam companies dont build custom production facilities to produce proprietary products and sell those products on Amazon.
For months Jimmy has said they would be done and that there had been delays for reasons that he provided.
It was not until January that he said they were DONE and were being audited along with Q1.
Not the same old song.
The recent deal required more staff than they had and was more than they were ready for.
Show me one thing Jimmy has told us he would do and didnt follow through on.
From that investopedia article.
"The smart investor should keep in mind that the best thing for them to do during a time like this is to consider why the company is delaying its release, and/or wait for information to be released concerning whether management's reasons are valid, and see how the new data corresponds to the original investment thesis.
One possible winner in this scenario is the contrarian investor because the contrarian may pick up the now relatively cheaper stock, which will enhance any gains going forward."
Which part do you not have confidence in?
The 8k stating the merger was finalized has been released.
8k released placing Bizright CEO as Sugarmade Director.
Srirracha Stix factory is up and running and the product is selling.
CEO stated that they were moving to a larger location. I personally confirmed this.
In the year that I have been here, Jimmy Chan has not lied about or misrepresented anything that I have seen.
While things often take longer than we would like, things always happen.
On that note, Jimmy stated in the CEO letter that last years financials AND 1Q are complete and are being audited.
Sugarmade needs to update their investor relations page on their website.
None of the Press Releases from the past 6 months are on there.
No mention of Bizright.
The director needs to be updated as well.
Per the Jan 4 Letter from 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.”
This website (estimates) that the quarterly financials are due February 22
https://csimarket.com/stocks/financials_glance.php?code=SGMD
No up till financials.
Churn and drop is all we get until then.
Second to last week of February is my guess for when we will see the Fins.
Why? Because PR releases have been fairly consistent with roughly 2 weeks in between. 2 weeks prior to this PR, we got a PR, and we will see Fins followed by a PR in 2 weeks.
Although, I wouldn't complain about a 14th release.
I open/refresh this site a lot on my phone, a Note 8 using Chrome, and my data usage is insane. Im 6 days in and nearly 600mb
I am pretty sure it's thi site.
Has anyone else experienced this? Any ideas how to reduce usage? (Besides the obvious. Stop opening the site)
Last year I got a "hot tip" from my cousin-in-law. She told me about Sugarmade and I started doing my research. I read everything. And I was hooked.
Nearly every way you could look at it, it looked like total crap. At the time. However I started looking for forward momentum, looking at the CEO, their plans and how well they achieved their goals. That's what got me.
I started adding and adding and adding. My biggest regret is not taking a bigger loan and adding down at .03
I definitely believe they have confidence in their financials.
Not only will their new Warehouse most likely cost more than their current setup given the nicer area and probable increase in size, but they are adding an additional ~$10k for separate Administrative Offices.
I have to ask.
Anything else in that email?
I am more confident about my investment in Sugarmade today that I ever have been. And I have always been pretty darn confident in Sugarmade.
We are going to see some really great things in the coming weeks/months.
Hawkeye,
"Sugarmade's new operations center will consolidate nearly all corporate functions under one roof. The warehouse section was custom made for high volume shipments and is able to accommodate not only regular delivery trucks, but also full cargo containers. With its close proximity to both Southern California's most important freeway cargo routes and the vital port of Los Angeles, Sugarmade will be able to speed both importation of goods into the facility and delivery to customers.
This makes me think they have warehousing located adjacent to a cargo area not within the Royal Oaks Campus itself and there are multiple hi tech cargo areas with Free Trade Zones in the area around Royal Oaks. "
After exploring the location, I can tell you that you are correct. The warehousing is not at the Royal Oaks Campus.
I dont look at the cabinet deal, budlife or canashroud when I look at SGMD.
To me SGMD is only Carryoutsupplies.com, Sriracha Stix and the BizRight deal.
I dont think they are looking at a 400% increase from last years Bizright sales.
They are looking at a 400% increase (previous PR said 500%), from last years SGMD revenue.
SGMD was roughly a $10M company. Bizright sales is expected to be around $40M.
Add them together, and there is your 400% increase.
Made my rounds today.
I stopped by the current carryoutsupplies location first to see the old before checking out the new.
No one from SGMD was in, however the girl at the front desk was nice enough and took my information to give to investor relations.
Next, I stopped by the new location. (Writing this from the parking lot)
First let me address the shipping and recieving issue.
There is no shipping/recieving at this location. Eurofin, another company in the same building has a small area, but not enough for even the current Carryoutsupplies, and not to mention SGMD won't have access to it.
However, I spoke to a guy in an adjacent office, and the same people who own these office buildings own most of the warehouses down this road.
Second, the office space is quite large and is TOTALLY being renovated inside. I spoke to one of the workers and he was able to confirm that a new tenant is moving in and that it is Sugarmade. I imagine the renovation will take a couple of weeks and movement wont begin u til next month.
This is a really nice place, definitely a step up from the old location. A gym, nice lounge, and orange trees all around. Also, there is no way in hell it is cheap. In fact, I was able to figure out that it runs roughly $12,000/mo.
Trader_ron, could you please expand on this connection.
Thank you.
Ill let you all know today.
The market is looking rough, and in times like this I re-read the CEO's letter.
http://sugarmade.com/ceo-letter.pdf
Mmmmmmmmmm the smell of sarcasm.
Everything is still getting hammered.
Maybe Jimmy doesn't want to waste a PR on this bear market?
I live a little closer and was thinking about dropping by the Sugarmade offices next week, too.
What day are you thinking?
Everything is red.
Im looking to start getting into Crytpo, too, just bought a $120 HP Desktop to run wallets and for Staking, and all Crypto is getting smashed aswell. (Good for time to buy I suppose)