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It would be nice to have some big news on a Friday!
It definitely looks like it’s gaining some momentum!
They had to pay their car note..lol
It's coming!"
Trust me, he knows. He just trying handle all of them SGMD issues and ironing out all those problems. He trying to get to the point of dealing with Hempistry. That's why I think it will be under one umbrella at some point. It's easier to manage the whole beast under one umbrella.
Plenty of time left. We may end up still closing in the green.
Plenty of volume for sure.
Yeah, it could be any day now.
They put out the 8-K on May 21,2019 saying that:
"Sugarmade’s plans to fully acquire BZRTH, Inc. (“BZRTH”) a company associated with BizRight, LLC (“BizRight”) remain unchanged.
The Company reports today on the significant progress that has been made toward full closure of the acquisition transactions.
Sugarmade’s management reports strong progress has been made toward BZRTH audit completion with most of the major audit components having been finalized. Pending the closing report from the audit team, Sugarmade plans to move toward closure of several financial transactions that will provide the required funds to complete the acquisition of BZRTH. Upon closing, Sugarmade will possess full ownership of BZRTH and related operations, thus allowing for full revenue recognition onto the financial statements of the Company."
As of the date of this filing, the Company has provided approximately Eight Hundred Thousand Dollars ($800,000) toward the closing of the acquisition. In addition, 200,000,000 in the common shares in the Company have been issued toward closure.
On April 16, 2019, the “Company, entered into an investment agreement with K & J Funds, LLC, an accredited investor, pursuant to which it committed to purchase up to $20,000,000, upon the effectiveness of a registration statement on Form S-1, of the Company’s common stock. The Company plans to utilize a portion of the funds received via this arrangement, in addition to funds from planned upcoming pending financings, to complete the acquisition of BZRTH."
So, its just like a volcano about to explode, we can hear the rumblings, but do not know when its going to blow...lol
The best thing for GrowLife would be to boost revenue by more acquisitions or sales. Some big revenue gains would draw investors to the stock.
I think when they close out all these acquisitions and get a revenue base going of over $100 million. The stock price will be well over $1.
I agree with you. It is hard enough keeping track and growing SGMD, but to be Chairman of the Board, Adviser, & Co Founder of Hempistry will take a lot of time. So my gut also tells me that at some point it will all be under one umbrella. It's just easier to manage.
Yes, that would be a smart to go in that order.
Yeah, it does seem like things are happening at a snails pace...lol
So saying that “ SugarMade isn’t going into extraction itself - at least not yet” in the latest PR. Tells me that something is brewing. So maybe when he says at "least not yet", he is inferring about Hempistry in the future growing hemp and extracting oil. It may be just like you were saying, an IPO of Hempistry and then an acquisition of SGMD Holdings. Then everything under the Hempistry Holdings' umbrella. With Hempistry llc handling the growing and oil extraction of hemp and SGMD llc handling the supplies. Interesting!
Yes, he knows. He may just want to get some stock momentum going before the acquisitions closes.
I was reading that lasted news article that he put out about CBD oil extraction and I am now thinking more like you that there is going to be something brewing with Hempistry in the near future. In the article which he puts out it says that
“ SugarMade isn’t going into extraction itself - at least not yet.” So, all the previous PR’s has always been about equipment and supplies and now with this one it opens the possibility that SGMD may do extraction themselves. So, he be inferring a Hempistry connection down the line. Interesting !
Well, no one can say that Jimmy is not think about moving the stock price higher...lol
Hopefully we get a bounce from the latest news about SGMD entering the hemp extraction and technologies equipment side of business
Yeah, we still have a shot
Yeah, I hope it surges tomorrow
C'mon baby get up to them 5's!
It’s coming!
Exactly! Now we just need some good sales!
Yes, I am hoping we close in the late 0.05 or early 0.6 or more today.
Also your mind has to be open to the possibility that the Institutional Investors that we do have, such as Edge Wealth Management LLC, may be expanding their positions.
It could be them expanding their position now that they see SGMD's acquisitions are on the verge of being finalized. If we see continue to see this incremental buying for another week or so then it gives us a good indication of Institutional buying. I hope it is. As the saying goes "build it and they will come."
I am showing that SGMD's shares are already owned by 0.02 % Institutions. So apparently there are some who dare to venture out in these murky waters...lol. Let's hope this is one and there are more to follow.
They sure are behaving like an Institutional investor.They are slowly building a position. If this goes on for another week or two then that will give us a good indication. But, it would be surprising that they are buying at this pps, usually it is a lot higher. If it is one, then that tells you about how they feel about SGMD because institutional investors have done plenty of homework and are not going to invest in a company unless they feel good about the fundamental prospects of that company.
Whoever they are, it is a good sign because they probably know what’s going on and are positioning themselves.
It’s entirely possible! I believe it!
Yeah, if you throw Hempistry in the mix with SugarMade then there to telling where it’s going to go
Yeah, it’s a steady rise increments it seems
Yeah, SGMD closing these acquisitions is going to make this stock pop!
SGMD may be near closing the deals on some pending acquisitions.
Activity dealing the with pending acquisitions. SGMD may be near closing the deals.
Are you seeing it RMU? I know you are being conservative..lol. But here is why I think these estimates of .15 to .27 pps is really low and unrealistic.
There are 3 main forces that move a stock. These forces fall into three categories: fundamental factors, technical factors, and market sentiment.
Fundamental factors that move stock prices are determined primarily by earnings per share (EPS) and a P/E ratio. Since cannabis stocks are mostly losing money many are using other fundamentals such as 10 x sales or 15 x sales, etc.
Technical factors are the mix of external conditions that alter the supply of and demand for a company's stock. Some of these indirectly affect fundamentals. Technical factors include things such as inflation, economic strength of market and peers,substitutes, incidental transactions, demographics, etc
Market sentiment is the psychology of market participants, individually and collectively. In other words it is speculation or how one feels about a company or it's products even. Also, its impact of news or unexpected developments inside a company, industry or the global economy. The political situation, negotiations between countries or companies, product breakthroughs, mergers and acquisitions and other unforeseen events can impact stocks and the stock market.
So, SGMD in the past has lost the investors that mainly look at the last 2 major factors. So, what we have left is the ones that are primarily looking at the fundamentals. That is why the pps has been going steadily down while the revenues have remained relatively unchanged.
So, the projections of where the pps is going to be with $100 million in revenue by some are only using one force. That is fundamentals . That is why you can't use a math formula to gauge where the pps is going to be. It will ultimately be very inaccurate because you are leaving out the other 2 main forces. The only way to get in the ball park of where it pps should be is to compare SGMD's projected revenues with companies that have around the same projected revenues but with all 3 forces already built into their stock price. Do you understand what I am saying?
Just the even suggestion of the acquisition being finalized is going to put the pps into the area you are suggesting because you are only using the one force of fundamentals. When the deal closes then the other 2 forces come into play the stock is going to soar into the dollar range.
https://www.investopedia.com/articles/basics/04/100804.asp
You are right!
Yes, it will be interesting. I hope that they finalize everything this week or for sure by the end of June. I am hoping the only thing they had left was the financing of the deal.
You don't understand anything do you? You want to continually move the conversation from your incorrect analyzation of SGMD to something other than what we were discussing. Of course I know the difference between earnings and revenue. But, we were not discussing earning. Our discussion was about revenues. So, let me explain to you how I know that you have limited knowledge of what you are talking about and every time you post something you continue to show it. But, keep posting, there are quite a few of us sitting around reading this and laughing at you...lol
First, you think that you can use a mathematical formula to calculate where the stock price is going to be at any given time. Anyone with any knowledge and experience knows that there are other things that affect the stock price beside numbers. There are things such as if the Feds raise or lower interest rates, investor sentiment (how they feel), news (good or bad), the companies prospect for future growth, employee layoffs, anticipated takeovers or mergers,a change of management, accounting errors or scandals, introduction of a new product or a product recall, etc. So when you present to me a mathematical formula as fact, saying if SGMD is generating $100 million in revenue that the pps is going to be between $0.19 and $0.27, then I have to look at you as an amateur. Especially when it is an extremely low number for the amount of revenue generated.
Second, you did not even investigate enough to see if your analysis was correct. It never dawned on you that SGMD had already reached your absurdly low pps projections several times before.
Third, you did not even know that SGMD was still primarily generating revenue from restaurant supplies. You thought it all was from primarily cannabis related products. So that tells me, that you have done no due diligence on SGMD yet you continue to assert these absurd remarks as if you know.
Fourth, since you want to talk about earnings, it is evident to me that you don't know that most cannabis companies are not making a profit. They are spending money to expand. So, that's why I have not been discussing earnings. It's pointless at this stage of the game. So, that tells me a lot about you when you want to bring that into the discussion. It tells me that you lack understanding and knowledge.
So, keep posting if you want to continue to show your lack of understanding and knowledge. Quite a few of us are just laughing at you...lol
The point is that we are headed back to your projection range of $0.19 to $0.29 PPS for generating $100 million in revenue right now without even closing 1 acquisition. We have been to your projected PPS already several times on only $4 million in revenue. If today, we had a slight increase in revenue and some good news we would be right back there again without closing 1 acquisition. That is why your analysis is off.
Sugarmade is the same company as it was in 2016, 2017 & 2018. That is why is PPS has been steadily going down. It's revenue is relatively flat at around $4 million and is not growing enough. So, many speculative investors flee. Remember revenue is what primarily controls the stock price. So, if revenue is relatively flat or going down the stock price tends to go down. Also, it's revenue now is primarily from restaurant supplies as it was back then. That is the purpose of these acquisitions to transform its revenue base from primarily restaurant supplies to primarily cannabis related supplies. Cannabis related supplies is where it will get it future growth. When the acquisitions close and SGMD has over $100 million in revenue and the potential for future growth from cannabis related supplies, then the stock price is going to soar. It will soar because the speculative investors who invest based on the numbers and how they feel about the future growth of the company will come back big. The stock price will be in DOLLARS and not cents.