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Lots of buys at 0.017 but the 2 x 10,000 on L2 @ 0.017 don't want to go away.
0.017 and climbing!!!
2nd highest volume day to date with 1.999 million buys and only 435,000 sells. Once the news hits that funding started on the $12.5 million, this stock should go over $0.1. Let the profits begin !
$CJTF
A couple of buys today and we're up 48% on the day lol. I'm loving it. $SGMD
I completely agree with you. I'm holding long term on this one as well. $SGMD
The way L2 is setup now, all its going to take Is about $750 to blow past 0.0150.
Hopefully we see a nice jump tomorrow
That's assuming there's no hidden trades on L2
What's funny is I bought about 150,000 shares today and it doesn't show on the trades that were executed .... Smth going on here. It shows 100,000 shares sold though
On Interactive Brokers it shows me $SGMD closing at $0.19 but on Ihub, Bloomberg and Yahoo it shows it closed at $0.15 ... ?!?!
If anyone here uses IB can you confirm what you see $SGMD trading at?
With such a low float and 9 million in revenue it should be trading higher right now. Let's hold our longs past $1
Hopefully we see it get over 0.3 today and even higher. $SGMD
Sugarmade Continues Consolidation with CarryOutSupplies - Begins Shipments to New Customers
San Francisco, Calif., August 4, 2014 - InvestorsHub NewsWire - Sugarmade, Inc. (OCTQB:SGMD), a marketer and distributor of sustainable tree-free paper and high quality paper products for the restaurant industry, today provides an update to its investors relative to the recent merger with CarryOutSupplies.com, including the following:
Corporate Integration - The Company is finalizing plans to move its corporate headquarters from San Francisco to City of Industry, CA, which is just outside of Los Angeles. Management has begun the process of financial integration recently reengaging the West Coast’s largest audit firm, Anton & Chai, LLP. Additionally, it has enhanced its accounting department’s staff to ensure future Securities & Exchange Commission filing are completed in a timely manner.
Working Capital and Capital Structure – The Company has recently received capital and commitments well in excess of the recently announced $600,000 to fund working capital for operations. The Company expects a post-merger total outstanding share count of approximately 160 million with only 2.1 million of these shares free trading and in the public float. The remaining 157.9 million shares are restricted.
Customer Shipments – Revenues peak for CarryOutSupplies.com’s business during the summer months as frozen yogurt and ice cream-oriented establishments order product to meet peak yearly demand. Bookings for this peak season continue as expected.
New Branding for Sugarmade Paper – The Company has completed new packaging for its tree free, bagasse and bamboo-based copy paper and plans to introduce this new branding as the already completed manufacturing run is packaged and shipped to the U.S.
New Customers – CarryOutSupplies.com has begun shipments to one of the most well established frozen yogurt franchise chains in California with CarryOutSupplies.com products now shipping to more than 50 new franchise locations.
Mr. Jimmy Chan, President of CarryOutSupplies.com commented, “We expect this merger with Sugarmade to have a hugely positive effect on our business. We are especially excited about the financial flexibility we have gained that will enable us to further expand our revenue base. For a considerable amount of time the amount of business we could book was constrained by the financing available to us. With this new corporate structure we are expecting our financing costs to be significantly reduced, which will allow us to meaningfully accelerate our revenue potential. CarryOut has very strong offerings for the fast food and take out restaurant industries and with the corporate and financial strength we gain from Sugarmade we believe our prospect are very strong.”
About Sugarmade, Inc.
Each year approximately 4 billion trees worldwide are cut down to make paper. At Sugarmade we believe that is 4 billion trees too many. Sugarmade paper is 100% tree-free and made of bagasse, a residual by-product of sugarcane, and bamboo, both rapidly renewable resources. The paper is acid free and is 100% compostable and recyclable. Products include printing, writing and copy paper, among other items, which Sugarmade has begun marketing in the United States and intends to market on a global basis. Based in California., Sugarmade ensures superior quality through rigorous testing by nationally recognized testing organizations. Sugarmade paper can be purchased online at Officemax.com or at http://www.officemax.com/office-supplies/paper/copy-multipurpose-paper/product-prod3450808. ;
About CarryOut Supplies.Com
CarryOutSupplies.com is a producer and wholesaler of custom printed and generic takeout supplies. CarryOut, which services more than 3,000 takeout establishments, restaurants and other food service operators, is headquartered at 167 N Sunset Ave, City of Industry, CA 91744, with two additional warehouse locations in Southern California. Additional information on the company can be viewed at www.CarryOutSupplies.com.
Contact:
info@sugarmade.com
I asked for a press release last night and got it this morning. Thank you $SGMD!!! Let's see some big movements today
Let's have a big week $SGMD !!!! Hopefully we see some press release or something to get this stock moving up higher again
We just need a couple buyers to break through 0.15 and off to 0.38 we go.
$SGMD!!!!
Wish i bought more shares at 0.07 :(
$SGMD
Here we go. Broke the 0.1 let's hope it keeps going. And hopefully $SGMD releases some PR soon to push it even higher
Let's go $SGMD. Break through 0.1 let's get to 0.2 today
A few more buys and we should be back over 0.1
I meant the ask not bid. I'm still holding a big position
Wow the bid is loading up. Can't $SGMD get another push up? Let's go $SGMD
What's so special about Vert bidding ?
These power hours seem to be very busy for SGMD ??
$SGMD!!!! Great news this morning
I agree with you undtrdr. I saw the big bid then it disappeared, reappeared then disappeared again. This stock will sky rocket, and sooner than we think
We finally have our first trade of the day !! And it jumped 6% lol for only 150 shares.
Go $SGMD
SGMD's tree-free paper sells for $49.99 for a box of 5,000 papers through OfficeMax . On staples website a box of 5,000 papers sells between $53 - $59.
No reason why they can't sell lots of this if it works they say it does
Wow not a single trade today with SGMD ?!?!? Is that a good thing .... No news is good news ?
It's back !!! Lol... Let's push this higher than ever
How come there was 80,000 bid @ .12 and now it disappeared on level 2?
What didn't you see happening and what did you expect to happen ?
Let's clear 19's and go right through to 29
Has Etrade opened up online trading yet?