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Yes we are. We all want this to be a success financially. It is good to have all eyes on these individuals and companies to make sure that it is legit. I think it is all legit. I think the selling is a result of SGMD working on those deals. It will go back up. I would just like to take advantage of it while it is this low.
It may not get there. It could be .25 is bottom. But when they quit selling it will not be at bottom for long.
Lol...you keep forgetting they are working on several acquisitions. They are going to need capital for those acquisitions and to operate. I don’t think K&J is a fraud. It is just another way for them to get financing. I have worked at large corporations all my life and they usually have multiple avenues for financing. Sometimes, one option might not have the terms they need or the interest rate. They look at who has the best option for the situation.
Also, don’t think they are going to be sitting around focusing on just the Bizright acquisition. They can not just do that. They need to multitask. They might be working on Bizright and there is something that is a delay or hang up. Well, then they trying working on getting the other project going and not waste time. Then when the delay is fixed with Bizright then they get back on it. That’s how it works.
There is more than 10 eyes here. This on the internet. Just Google it. I am doing my part to help this stock rise. Buy! Buy! Buy!
Sure they benefit from a high stock price. The company as well as all the insiders do. We all benefit. Anybody that says that a company does not care where the stock price is at is uninformed. Don’t worry about all this selling. It may be SGMD trying to raise capital for the acquisition. It will rebound.
I hope it goes lower. I am going to buy millions of shares when I think it hits bottom.
Wrong! But more shares.
So we as Investors are market makers also are we not? So it’s not just big players that move the markets. A lot of small players can move the market. Why do you think companies put out all of those press releases? It is to get as many small as well as large investors in to move the price.
Volume is actually not bad
When you are buying and not selling you ARE giving it an upward price support. Everyone should be talking about buying if they want the price to go up.
Near 52 week low. A great time to be buying!
Well, for one it is not an investment for an acquisition or merger. It is for MCOA to operate. So you are not going to see a big pop upward in their stock price from the start of the investment. Also, it is up to ten million dollars ($10,000,000) in shares of MCOA common stock to K&J over a period of up to thirty-six months or until $10,000,000 of such shares have been "put." So, this deal is a long process of investing in MCOA for a few years so that they can operate. MCOA is still operating 6 months later so we have to assume it's working.
Even the SGMD deal with K&J Funds is up to $20,000,000. So, the key words there are up to. So, it could be significantly less for both companies and with MCOA it is stretched out over 3 years. So, it is certainly plausible that K&J Funding could handle the funding for 2 companies.
Also, if John Vu and company are con artists then that means about 4 or 5 companies are involved in this con. That means NUGS, SGMD, Hempistry, K&J Funding, MCOA, and others are involved in a multi company scam. That is a highly ambitious undertaking if that was the case. I highly doubt it. I think what you are seeing is the early stages of these guys trying to build and take advantage of a new industry. That is it.
https://www.newsfilecorp.com/release/41863/Marijuana-Company-of-America-Announces-Filing-of-Registration-Statement-on-Form-S1-to-Receive-up-to-10M-to-Fund-Expansion
K&J LLC appears to be the real deal. K&J helped with the financing of an expansion project for Marijuana Company OF American (MCOA) in December of 2018. It is the same type of deal as SGMD.
https://www.globenewswire.com/news-release/2018/12/27/1678578/0/en/Marijuana-Company-of-America-Announces-Filing-of-Registration-Statement-on-Form-S-1-to-Receive-up-to-10M-to-Fund-Expansion.html
https://content.edgar-online.com/ExternalLink/EDGAR/0001262463-18-000381.html?hash=d08824e5f546364804a79f196194002870a73541e01465e7ce7f00887b6238aa&dest=IA122018_HTM#IA122018_HTM
There is still room. But, we are running out of room for fear of being delisted from the exchange. But, I would think that when K&J buys we should see it. It should be significant.
It might be the plan for K&J to get their shares as low as possible.
No one here is a Prophet to know the day and time. There are so many changing variables with trying to acquire companies and do business. If we knew the day and time an acquisition would go through or when a stock will go up or down, then it would not be investing. But, to say that a CEO of a company with millions of shares is actively trying to keep his share price worth $.028. I can not buy that argument. It defies logic. Trust me, Jimmy and others are working hard to make all of this happen so that he, the company, and we can make some money.
Investing in stocks is about risk, no matter if it is a penny stock or not. It does not matter if your company is on the NASDAQ or OTC PINK, its all risky. I hate to read about people trying to make it seem like just because it's a penny stock its risky. ALL stock trading is risky. Take TESLA's Stock. It's stock has tumbled from a high of $365.71 a few weeks ago to now at $178.91. It is still sinking. People are losing millions of dollars. Do you think Elon Musk wants that? Do you think he can control what the President does with a trade War? Do you think he can control consumers spending habit? Of course not. It's beyond his control. It's all unforeseen. SGMD is no different. It is just on a smaller scale.
FYI, There is no rewards without risks!
It will all pay off. Hempistry, NUGS, and all the connections to SGMD. We just have to be patient.
It’s going to come back with a vengeance!
Federal Court Orders DEA To ‘Promptly’ Consider Marijuana Rescheduling…Or Else
Looks like marijuana is going to be legal one way or another soon. Cannabis related stocks will start popping soon.
https://www.marijuanamoment.net/federal-court-orders-dea-to-promptly-consider-marijuana-rescheduling-or-else/
Federal Court Orders DEA To ‘Promptly’ Consider Marijuana Rescheduling…Or Else
Looks like marijuana is going to be legal one way or another soon. Cannabis related stocks will start popping soon.
https://www.marijuanamoment.net/federal-court-orders-dea-to-promptly-consider-marijuana-rescheduling-or-else/
This a good time to be buying cannabis stocks because many of them are down. I guess the FDA meeting today to discuss regulating cannabis is the reason.
Yes, it does sound familiar...lol
Yeah, that would be a powerhouse for sure!
Let's hope they get this deal done in June!
There is above average volume for today!
I hear you!
Yeah, and just think when they start marketing that BudLife product to go will Hempistry. Revenues will be rolling in.
The only hole in your argument is that the last 10-Q says that they were recognizing some revenue from April 2018 to December 2018. Then they discontinued it.
Lol...yes quite a few shareholders.
So far, it seems the market thinks this deal is going to happen.
Yeah, seems like some speculation here.
No I don’t have any records from transfer agents. But I will read about SeeTruEquity.
Yes, there was a lot of activity today. I am hoping they do the K&J investment funding soon so they can start recognizing revenue. The quicker the better.
You are right . All in all not too bad.
Here is my wisdom. I have been telling you this all along. It does not matter who files the complaint or where. It all goes back to the SEC. They are the one who will investigate. They are not going to shut down a stock for what you guys are alleging from a press release when you should have been depending on SEC Filings. Also, by the time they get to the complaint after all the other complaints it may be months or possibly a year before they even start investigating. Then if they dont find anything you wont even here anything back from them. They are not going to shut down a stock for mistakes, errors, or anything like that. It has to be intention to mislead or fraud. Elon Musk with Tesla just went through something like that where he tweeted some info he was not supposed to. He violated SEC rules. Nothing happened to the stock of Tesla because it was a mistake from a Tech guy CEO who is still learning the ropes. Jimmy is still learning the ropes. He is imperfect. Mistakes and errors happen. He has made them.
I understand where you are coming from. I am too. Those who read those SEC filings can see it as plain as day. It is just getting K&J Fundings investment together and then its a done deal. In the last 8k Jimmy says they fully intend to purchase Bizright. That is pretty plain language to me. If you notice the stock price is not sinking like a rock after an apparently disappointing 10q. That's because many investors realize that we are on the verge of blastoff. It's just a waiting game now.
Don't worry! This is a done deal. That is why K&J Funding was brought in. It is specifically for the Bizright deal. The deal is almost done. They pay off the remainder of the money owed and then we will have full revenue recognition. It is just a waiting game now. The question becomes after the deal is closed how far back do they go in recognizing revenue? Is it at the day they close that they start? Only time will tell, but the sooner they close this deal the better.
You are proving my point, everytime you type something. You typing crazy type now...lol. You dont have a clue. For instance, you seem to think that just because one files a complaint with the SEC that it shuts down a stock. Do you realize how many complaints the SEC gets in a day from people like you? They get hundreds of complaints from inexperienced investors who don't understand that investing is a risky business. They dont realize that there are so many moving parts to putting acquisitions and mergers together that things can and do change. These same investors dont realize that you dont depend on press releases, you depend on the documents that is filed with the SEC period. Those documents spell out all the details. Even large companies like Microsoft or Tesla get complaints filed on them but it does not shutdown their stocks.
So, out of the hundreds of complaints they get a day, when they finally get to yours then an SEC Attorneys evaluates the information concerning violations of the federal securities laws. The investigation is handled on a confidential basis to preserve the integrity of its investigative process as well as to protect persons against whom unfounded charges may be made or where the SEC determines that enforcement action is not necessary or appropriate. The investigation could take months.
The SEC will not disclose the existence or non-existence of an investigation and any information gathered unless made a matter of public record in proceedings brought before the SEC or in the courts.
I hope you understand this!
https://www.sec.gov/reportspubs/investor-publications/complaintshtml.html
I am sorry you don't get it. Some will, some wont, so what....lol