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That post isn't negative, it's just facts?
DD pack is outdated as none of the BZRTH revenues and deals ever happened. And therefore that's the downside as of today, this budcars thing could also be a flop, there is no proof SGMD is actually in the deal yet, other than tweets and pr's which the CEO grossly over speculated in the past.
Also those prices are absurd...$30-65 dollars and 1/8th? it's only $200 an ounce where I'm at...
For sure, These were the same pumpers that were around when it went from .017c to .003c... keep calling it "revolutionary" and the "uber" of weed... noone ever ordered weed before covid 19, Lies! Everyone I know in Cali has used delivery services for YEARS, and not one of them uses budshittycars... SMH California has been delivering weed since 1996. 24 years....
sgmd stated 40%, but sgmd has a LONG track record of lying in pr's and not getting deals done.
you must not do any due diligence or live in california, literally there are HUNDREDS of delivery services that date back to 1996..
https://weedmaps.com/deliveries/in/united-states/california/venice
11 pages of delivery companies been in business way longer than slippin jimmy.... hardly a new idea.
No, although sectors are down, none told me they were recording revenues that they HAD NOT recorded
Out of everything for me, 24,000 shares expired before selling( well above 1c when I got out lucky for me), and so I sit with 24,000 shares, worth now, a whopping $128.31! Not even worth the trade commission of $6.95 to bother put back up, HA!
Also, Yes we were lied to, every statement and pr said 70 million will be on the books next time, yet every time "next time" came for 2 whole years, there was no 70 million and no deal... forward looking statements my A**
i pulled out and switched to kona among others...
I'll reference what I said earlier in the week, 100+ delivery competitors well established for 10+ years in ANY city you look at in california (not just sacramento). Jimmy aint going to make sh*t on any of these "deals"
I get it, But sugarmade partnering with a small delivery service is no 70 million dollar bottom line like they were touting, I hope they do good, but its not looking like this is the ticket to me.. too bad we all got lied to for 2+ years...
Lasty Sacramento, Yes Budcars is there! But also along with 100+ competitors...
https://weedmaps.com/deliveries/in/united-states/california/sacramento
Lets try WeedMaps.com
https://weedmaps.com/deliveries/in/united-states/california/venice
100+ Don't worry though sugar made will do it better!? they are new to the game!!!!
Zoom out 2 clicks and you get 347 delivery services! yay!
And if you don't believe me look at this! 99+ services and 5 pages of companies on yelp for weed delivery services in the LAX Venice area. Sugar made is LATE to this game!
https://www.yelp.com/search?find_desc=Marijuana+Delivery&find_loc=Venice%2C+Los+Angeles%2C+CA
It is a legit idea, But the problem is, it's not a new idea, its a stolen scheme already over established. Delivery service has been happening in California for over a DECADE. I've personally used a delivery service way better than what sugarmade has to offer. And bud cars is ONLY sacramento?? HA! Last I checked California is huge, and sugarcrap thinks this will be the ticket in 1 lame city??? Meanwhile others are already well established across the entire state! Sugarcrap! make an order, and we will have it to you in 30 minutes to an hour? who knows!? we dont!
Literally any ANY other delivery business: Live track your order, see your driver on a map real time!! make mobile payments! switch up your order live! relocate or cancel order live! We've been in this since 2000!
I had 3 shares of tesla I purchased years ago at 60 dollars sold at 350 a year or two ago.. If Id have kept to today's high, that would be a 1400% increase! Luckily have partial shares in another platform so I haven't missed the boat completely on it..
I pulled out everything but 25,000 worthless shares, kona gold is uplisting ,vate has great products and is on track. there are countless other companies that don't hide behind smoke and mirrors. Like I said before, I was in California in October/September and there is a pot shop and delivery service on every corner already, I truly don't think sugarmade is going to make bank off their new scheme, too many others already beat them to it.. 10+ years ago at that..
I was in Cali, Venice beach area in November stayed with a friend. There are already delivery services with full blown UBER type apps where you can see your driver on a map at any given time.. we had some delivered, they were running late, and we were headed to another house, we made the switch of delivery on the app in real time and got it delivered at the other location. Sugarmade has a loooooong way to catch up if this is their plan.... (also gas is nearly 5 dollars a gallon and weed shops are on every block anyways if you don't want it delivered..)And to top that all off, I also lived out near Redondo and Hermosa beach in 2010, even clear back then you could get medical delivered... just didn't have Apps back then, had to call a number...
So is and or how is this good news?
Website looking even better, Interior of warehouse and staff pictures Zen hydro and such http://sugarmade.com/
That's basically what i'm trying to say, numbers will be up in the air and crap in the .01's until we have either the rs finished on paper, or we get a quarterly or updated financial right before the rs.
and until all that happens, dilution and share price will continue to remain and keep the share price at around and under.02's because they can still dilute and make $$$ until all this happens... the second they post bzrths good numbers dilution has to stop for rs purposes and price jump...
I'm just speculating that perhaps bzrth will be on the books as the quarter/eoy just happened. That will cause share price to rise significantly as brzth numbers add to bottom line ( remember 30 million in rev's at least). Then as that happens the up to 300:1 rs happens jan-april i'm guessing on all this..
Jimmy is the CEO rmn means they have been selling to raise capitol and cover expenses. Jimmy has been diluting and selling for over a year, but the end should be near.
The second acquisition is the hydro4less deals. Also, I wonder if we will get an update on the Hempistry situation as well, Shouldn't the crop have finished and the 12% gone through by now, almost december?
10-q looks bad, but we have to remember this is pre 10/31 bzrth deal. should be the last of the bad..
they closed the deal on the 31st but if you saw, they did not pay all of the total cost for the deal yet, and until they still have current operating expenses and that settlement $ due mentioned.. hence why they are using this extra time and late filing 10q to continue to finish making money on shares while they still can before this thing starts to move, patience is key. Those of us that have been here for 2 years can keep waiting.. keep shorting it, that only gets us better prices while we still can!
although the news should make this pop, Its possible we will stay in this low range until the next financials actually show the revenue on paper..
Sgmd is usually always terrible with news and late filings so dont get your hopes up too high for next week.. they will wait till last minute or worse. but hey I'll take it, I'm waiting for funds to clear anyways, so let the bashing continue! lol
todays pr re-mentions the 70 million so that's great in my book.
i'm trying to average my eggs, hope they break evenly one day and not crumble:D
lets not forget all shares and 500,000 was already put in for the deal too
could it be that the share price is tanking because k-j is selling into the market? therefore financing is getting done???
17+% jump today, and speculation why?
Website does look very nice,
"Over the past few years, our Company has seen significant growth. In just a few years we have moved from being a small, but an innovative supplier to the quick service restaurant industry to now being a multi-divisional, and multi-product company in various market sectors. But, we think we are just getting started with our growth plans."
Its also possible and more likely in my eyes, that SGMD did not give Hempistry 1 million in cash money . Rather, I'm betting SGMD "gave" them up to 1 million dollars in equipment that SGMD had in the warehouse, so that hempistry could start growing sooner. We have proof of hemp grown and harvested in pictures.
pps just hasn't moved well..
lets hope so, been a better week for me, many turnarounds