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Lol..they won't halt this stock. You just have to understand business. That is the problem, too many investors don't really understand the fundamentals of business. It takes money to make money. It takes incentives for people to do go out and do things, whether it is getting a loan, acquiring another company, etc. Nothing is done for free. It takes money or stocks (potential money)!
Yes, I would like to know who they are also. But, I think they are just what we need at this time. It does not concern me that they are some insider. If it is not them, then it has to be someone else to loan the money. If SGMD could get a bank loan, I am sure they would. But, remember someone has to loan the money to SGMD to get the deal done and get the company on track. K&J Funds has what we need now and that is MONEY!
You are going to miss the phenomenal rise!
If I am going to be a bear, I might as well be a Grizzly! :)
I am buying more shares at these prices. This deal is happening. It’s all spelled out it in the last 8K and the one before that. And all the other filings. It’s what we all speculated on about K&J Funds. SGMD plans to utilize them to complete the acquisition of Bizright. They have paid Bizright $800,000 and once they have paid the rest then Bizright will be a fully acquired company. Then full revenue recognition. We all knew there was going to be little to no revenue recognition this Q. It an opportunity right now to get in cheap!
Lol..if you think from a standpoint of negative investing then that’s what you will get. I can name you several penny stocks that started out in the same space as SGMD and now they are well known in this space. Aurora was at one time twenty something cents and now it is at $8.68. It was as high as $11.85. I can go on and on with other companies in this space. So so say that it’s just a penny stock and will underperform is just an “I think it can’t strategy.” Whether it’s penny stocks or regular stocks they are all just companies. If the company does well it will be reflected in the stock. So, yes he has been working on it for well over a year but apparent you have not been reading the posts on here that says acquisitions take that amount of time. Most companies do it behind the scenes then make the announcements when they are almost done. SGMD has made the announcements first and then worked on it. They did to keep the stock price up and finance the deals. So, all of the SEC filings show they been working on this deal. So you can look at it as the glass half empty if you want, but a lot of us here choose to see the glass as half full.
The negative investor won’t get it for sure.
Yeah, it may mean something good.
I think he is going to wait until the last day
I am right there with you on that. I am going to park on this one too because I think we are going to see the results down the road.
Yes, exactly. A disciplined trading strategy helps you accumulate wealth. What I see for this stock is that when they start posting full revenue from all these acquisitions then you will see a sharp rise in the stock. So when it starts to rise like that put in a trailing stop loss. as the price increases so will your stop loss. Then when it reverses you can lock in profit. Then you can see where it goes after that.
I think when they pass the states rights bill and the banking bill it will be a new ball game. SGMD will benefit greatly from both bills. If we hang in there long enough we will do more than break even. The ball game is just starting.
Some stocks you have to hang on for a few years before you see big results. Just can't let the everyday ups and downs of the stock get to you if you are a holder. I have some Electric Vehicle battery metal stocks that I don't expect to see results for at least 2 years. But, by buying right now I can get them much cheaper. It's the same with SGMD. Right now is cheap compared to where this will be in 2 years.
You never know. A friend of mines was in Tilray when it made that meteoric rise to $300. He got out at $280 but did not have a lot of shares. He made about $50,000. SGMD can make a rise like that when they start posting them revenues. If you have a few hundred thousand shares or so that would be a life changer. When they pass the banking bill and states rights bill there may be a lot of runs like Tilray had.
I hope you get that from all SGMD stock.. ..lol
Capitalism at it's best is put the carrot in front of someone and give them an incentive to make it happen. I say give Jimmy and his cronies millions more of this almost worthless stock and tell them to make it worth something. They get rich and we get rich. That's how it works. That's my Friday afternoon rant....lol.
Crocket I want you to drive a Rolls-Royce Sweptail and I want you to get it all from SGMD stocks. So if you get that from SGMD then I know I will at least be in a Ferrari FXX-K ...lol
Exactly! Who of us, if we were in a position like Jimmy to make ourselves super rich would not do it? We all would be working our butts off to make it happen. I am sure he is doing that. And guess what? If he gets super rich then many of us get rich. We benefit when he benefits. That’s how it works.
Yes, and I think it will pop. But, many of us who has been in this stock for as long as 2 to 3 years seem to forget that this industry is really just getting started. It can be likened to a baseball game. 2 to 3 years ago in this industry we were in pregame warm ups. Now, on 2019, we are getting ready to really play ball. I think SGMD is going to knock it out the park. It just takes time.
Lol..me too. We shall see.
Lol..ok. But, I think Jimmy wants the stock price over $10 more than we do. I want it up there bad and I know you do too. If it does go that high I will be a millionaire and I imagine so will you, but Jimmy will be super rich with all the shares he has. So I am sure he is working hard to get the stock price up there.
I see that going nowhere. ALL businesses have insiders. How do you think Bill Gates & company got to be billionaires at Microsoft? By stocks. They were all insiders. The insiders and a lot of early investors got rich. But they all cashed out at a high stock price and not at 3 cents. No one really benefits from a stock price at 3 cents. So, if you saying these guys are enriching themselves with stocks I don’t see it. This stock at one time zoomed to 28 cents in 2017. If you had a significant amount of stock it could have been a nice little profit depending on where you bought at. So you can’t say they were not working on behalf of investors. The stock price goes up and down. You can make money either way. We all have had our chances. If you are a holder then you just have to hold until the industry is mature and this company is more established. We are still in the early stages. It is going go up.
SeeThruEqualty actually committed fraud. But how are SGMD and gang benefiting? The stock price is at three cents. So you mean they are benefiting from drawing a salary?
I understand where you are coming from but I think your accusation of fraud will be hard to prove. When you say "fraud" you are speaking about an "intentional deception for personal gain." All Jimmy has to say is that he made a mistake in the wording of the PR statement because he did not expect accounting issue, etc. to hold the deal up and he has been working on the deal all this time. Also, being that we now see all of the filings related to the deal filed with the SEC, it would be hard to say he has not been working on it and it is fraud. If you look at the bottom of every PR release there is a wording about Forward - Looking Statements. Every one of them says:
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, use of cash and other measures of financial performance.
There is just too much wiggle room in the language to say they are committing fraud. I am just saying.
Exactly!
I hear you. Our payday is coming soon. We are just getting started. When they pass the Marijuana Banking bill, States Rights bill (Federal Legalization), not to mention Mexico Legalization by October 1, 2019 all hell is going to break loose. Hang in there it’s coming.
I doubt it. He will probably wait until the last day. It gives him more time.
I hope it’s not a bad sign.
Lol...hopefully one day!
I don’t see him. Blocked. I need positives
Maybe he is finishing everything up for the financials
Maybe SGMD selling?
Lol.. looking at all the posts this morning I would say it surely catches people’s attention.
Lol..hopefully no. But, it may be a good distraction.
Exactly! SGMD is giving them reasons to do so
Good information!
This could be a really good seller
Another big revenue generator if they can get this going
Yeah, I think more will be coming once SGMD starts giving them a reason. When those big revenues are posted Vanguard and whole bunch others will come. Then you will really see something with the stock price.
I would settle for that too, but I can not see how a company by this time next year that should have between $75 to $100 million on the books will be below $10 a share. Canopy Growth in 2018 was at $58 million revs us and their stock price was in the $40’s share price. It will be there. There are companies now with minimal revs well over $1. It will come.