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Im just kidding. I love you all and wish you the best.
And if Jimmy comes through, id buy you all a beer, and Jimmy a lap dance.
Friends are for the weak!
Josbro, i dont think the mods have changed that much.
Frontloading, bio and traderron have been here.
Mr. Jimmy Chan, CEO of Sugarmade, commented, "We are taking decisive action to modify our operations in order to prepare for the huge increase in business we are expecting. Growing a business infrastructure capable of expanding by more 500% during 2018 is certainly a challenge, but we have already begun the process. We will be providing detailed revenue guidance for the full year 2018 over the next few weeks. All of us at Sugarmade are looking forward to growing with the industry over the coming years. Below, are the steps we are implementing in order to prepare to meet this grow challenge."
"Sugarmade has completed a master market agreement with industry leader, BizRight Hydroponics, Inc., a highly successful manufacturer and distributor to the hydroponics and cannabis markets. BizRight is expected to produce in excess of $30 million in revenues during 2017, with substantial growth expected for 2018. Sugarmade expects to provide detailed revenue guidance to its investors over the coming weeks."
He is associated with Bizright.
Not sure how long that connection has existed
https://www.corporationwiki.com/California/Monterey-Park/bizright-llc/47309317.aspx
Manta shows Mii Strategy with an annual revenue of 175,585. (accurate?)
https://www.manta.com/c/mhhtf3y/mii-strategy-inc
Chenlong Tan's previous company: BZRTB, INC (disolved)
https://www.californiacompany.info/california?utm_source=3632756&utm_term=Bzrtb-Inc
Chenlong Tan and Allan Huang are both associated with Bizright LLC.
Allan Huang also asscociated with Bizright Operation (dissolved)
https://www.californiacompany.info/california?utm_source=3632755&utm_term=Bizright-Operation-Inc
Same website shows Sugarmade as being inactive (Reverse merger with SWC Group carryoutsupplies.com in 2014)
https://www.corporationwiki.com/California/San-Francisco/sugarmade-inc/45191376.aspx
Jimmy is/was associated with SWC Group (Carryoutsupplies.com, now SGMD, as of 2014 reverse merger)
https://www.corporationwiki.com/California/City-of-Industry/s-w-c-group-inc/44123144.aspx
.21 seems to be strong and is right in line with the kind of pull back I was expecting from our run up last week.
Now, Jimmy should release a PR this week and next week, then the financials the week after.
I'm still confident that we break .40 by the end of the month.
We're going lower arnt we?
Effective on January 29, 2018, the Company’s board of directors approved and authorized the appointment of Chenlong Tan as a new Director of the Company. Mr. Tan is the co-founder of BizRight Hydroponics, Inc., where he has grown that business into one of the premier suppliers of hydroponic supplies. Mr. Tan brings valuable expertise, particularly relating to large scale IT design and implementation, to Sugarmade that will not only help BizRight to likely continue to grow, but will also provide valuable input toward improvements to other Sugarmade business, such as the increasingly e-commerce focused CarryOutSupplies.com business and the upcoming marketing and distribution of other products. Mr. Tan is an expert in e-commerce, AI and data mining and is a technology driven business executive.
Unload them to me please.
Clearly you are not paying attention.
With that 8K out, we have 2-3 days until we see a PR. (Jimmy is pretty predictable) Then up we go again. We will break .30 with the next PR.
Im glad I loaded up last week. :)
There is no reason for it to be slow. Bizright and all their sales channels are fully established.
Last week some of yall were talking about a Cup and Handle.
Is this still one? If not why?
Im just trying to get a better idea of what im looking at.
https://www.morningstar.com/news/pr-news-wire/PRNews_20171229enUK201712296730/data-shows-positive-signs-for-the-legal-cannabis-industry.html
Sugarmade, Inc. (OTC: SGMD) outlined yesterday, "the steps being taken to modify its corporate operations as it becomes one of the world's largest publicly traded suppliers to the growing cannabis industry.
Mr. Jimmy Chan, CEO of Sugarmade, commented, "We are taking decisive action to modify our operations in order to prepare for the huge increase in business we are expecting. Growing a business infrastructure capable of expanding by more than 500% during 2018 is certainly a challenge, but we have already begun the process. We will be providing detailed revenue guidance for the full year 2018 over the next few weeks. All of us at Sugarmade are looking forward to growing with the industry over the coming years. Below are the steps we are implementing in order to prepare to meet this grow challenge."
GLTA
I'm tapped until my next flip.
Have a fantastic weekend!
No worries here.
I've been snacking all morning. :)
We are going to see a few days of big gains. Then Clay will show up, then we will all sell. Then it'll go down, and we will all buy again.
Im loving it.
5x expected earnings puts the pps at just under 4x the current pps. That does not include any dilution (which we know is coming)
2x-3x current pps seems reasonable.
Which is right in-line with what I thought we would end up at.
I think we might touch $1, but we need more revenue growth and low/no dilution.
Just my analysis of the situation. I'd love to know where anyone thinks i'm wrong (or right)
Yeah. He was saying it would hit .03
Wish I had listend and not bought at .09
I'm thinking the same thing.
I'm going to hold a good chunk off just in case it goes down a little..
When ironguts speaks. I listen.
Your analysis of the charts over the past year has been spot on.
I still have some pretty good buying power.... so i'll work on keeping it at .27 :)
If we dont by EOW though, Ill be buying another nearly 200k shares.
Watching the charts and I keep getting the feeling that unless we get another PR, it is time for a small pull back. Not much, just down to .20-.21 for a couple of days.
Thoughts on tonights vote, rather lack of vote?
I don't even need a dollar. I need a solid .60 and i'll reach my goal of clearing up all our debt (having another baby and don't want the wife to worry about working) and most importantly being able to pay off my Grandparents (they raised me) and my Dads houses.
That'll make me very happy.
I was smart and played it down from .40 and got mostly out this last spike to the .20s
My plan was to hold until they released a solid PR and it looked like it had bottomed out.
So... today... like a dumbass I didnt follow through.
PR and the vote tomorrow. What a setup.
Face-Palm
I bought a good chunk, but should have trippled it.
Wishing I had bought that whole stack at .19 today, not just part of it.
That was a huge chunk just sold at .19 and .191
I better be able to grab some more .18s
Jimmy just needs to throw us a damn bone.
Either they have a TON going on and we are going to get hit hard with some good news.... or this is a sham and its going to be a never-ending waiting game.
Someone sell me some shares for .15-.16
Thanks in advance!
Seriously though, i'm accumulating the sub .20s in anticipation of next week. If the votes go well Friday, next week will be green for the sector.
I think Q1 was released in February last year.
From the way Jimmys letter was worded, I think we will see last years financials with Q1.
Just a guess.
Not enough volume for it to be an ugly day.
If we hit .21 ill be buying a new guitar. But im not holding my breath.
The chart looks exactly the same as it did all last week.
Big dip, then half way back to the open/high.
The biggest difference is smaller movement in both directions. Because of low volume.
Another day without news = another dead day
more red, less volume, one step closer to a quality buy in.
I think I am going to start averaging in below .20
Its almost time.
What signs point towards that?
So... I was going to buy in this morning... but slept in until 0700.
Amateur hour here... throwing away thousands of dollars for some Zs.
Lets get some news this week!
GLTA.
Most of my family is hispanic, and my inlaws are all vietnamese immigrants.
And DACA and all that needs to be fixed. And people need to stop using it as an emotional tool.
More importantly...... they need to vote to keep the government out of states business and let the MJ sector soar!
With that though, it doesnt happen till Friday. That means another week of down or flatish. Unless Jimmy releases something....
I have nightmares that it goes up Monday and doesnt come back down.
I need lower buy in points!
What will that level be?
What becomes the resistance?