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8 billion x $.0015 = $12,000,000 CASH!
$.0000000000001 buy all the shares for $1.85
3cent, the name of the game IS dilution, dump billions for a penny or less, raise $20,000,000 then just walk away. This is not a BAD CEO, this is the NORM.
You have to understand that this is the way it works.
TPADA
Yeah this is going to 0. I sunk like $5-6k in this. It’s not happening. Look elsewhere.
Wait!
You don't know? Is it $5 or $6 grand, that is a huge gap.
If I were you I would stay away form stocks and work on your finances.
To be honest, I would chalk this one off as a tax write off. But in order to get a tax benefit you have to sell at a loss before you can claim the tax benefits. And I don't know if the Market Makers will buy them.
More to come bcmitch, much more to come!
Power hour!
You are 100% wrong, this will soon be over.
If SGMD goes back to $.01 on the bid, there will be 8,000,000,000 shares owned by 1000's of people. Those people will all try and sell for $.01 that in total comes to $80,000,000
You think the Market Makers are really going to shell out $80 million for those shares?
That is called reverse dilution also known as a reverse dump. The same way a stock tanks by a pump and dump dilution is the same reason the bid price will drop on the massive sell orders.
REVERSE DILUTION and the price will drop below $.0001 with NO sell orders for $.01 being filled and the MM's drop the price before filling a sell order.
The MM's will have a bid amount of only 1,000,000 at $.01 that comes to only $10,000 and once that is filled, they will drop the bid right back to $.0001 (If they even let the sell order be placed)
I cannot believe how investors believe that it will go to $.01 and even if it did, they would all be able to sell them to the Market Makers for $80,000,000.. GEEZE!
Even if one person were able to sell at $.01, the Market Makers will make the shares to buy on the bid so low, no one will make any money even selling at $.05.
And the MM's would likely cancel the sell order at $.05 or $.01 and put the bid at $.0001.
The higher the price goes, the less the MM's will want to buy. If they even went back to $.10 the MM's will only offer to buy 100 shares. At $1 they may put a buy order for only 1 share but it will cost you $5 for the fee.
HIGH FINANCE!
GNGR does not use diamonds. They cast metals they purchase only from US mines and are 100% made in the USA.
The difference is: GNGR you can actually buy products from while those pump and dump gold mine, diamond mines operate only on intent to achieve their goals (To sell billions of shares) unlike GNGR that is now selling globally and only has 108,000,000 float
Low float, no dilution, no pumps and products you can buy worldwide that ARE selling and shipping. NO INTENT.
Google Gunther Grant Jewelry, then google all the pumped diamond and gold mines and see what you find.
Fact over fiction.
The momentum has come and gone, all that is left are those who want to cost average (defined as giving them more money) and cheap skates who wait till it hits bottom to buy them at $.0001 believing if they ever go back to $$.01 they will make a killing.
None of which will happen.
I'm 100% correct, share price is proof.
To much compliance and legalities to acquire control of BC. SGMD stock will likely not rise even if they did acquire BC control so why bother.
Besides BC can now offer SGMD better data that can be false or inflated that won't hurt SGMD. If SGMD acquires BC every penny they say they make will have to be proven.
Saying you may do $20,000,000 owning 30% is much better then owning 100% and having to legally say we only made $50,000
selling 10,000,000,000 shares for just $.001 is $10,000,000 not to mention the $20,000,000 they already made before dilution.
That is more money then they will ever make delivering MJ.
the only reason I can see SGMD buying controlling interest is to do a reverse merge, cancel SGMD shares and start the process all over.
SGMD likely won't own controlling interest in budcars-> or consolidate the financials.
The fact is, budcars can say they made $100,000,000,000 in sales and SGMD just has to say to all of you and the SEC, “well that is what budcars told us so blame them”.
But in order to use budcars data to post as news to SGMD shareholders, they have to have a legal connection but not an obligatory connection so they will remain with a non-controlling minority position that does not require consolidated financials on SGMD’s data.
SGMD is using intent which is legal to say in news releases, but intent means it may or may not happen.
Once the diluted shares are sold the lights are turned off.
My guess is this:
Budcars is real weather it is just in name or they do have some operations. SGMD is raising millions on dilution based on news, not ownership of budcars. When the 10 billion shares are all sold and after the massive stock reverse split the company merges with budcars and SGMD files to have a new entity change and new ticker.
NOTE: One of the benefits of a reverse merger is that ALL shares in the previous company can legally be cancelled so all SGMD shares and ticker will likely be cancelled.
Just like the 1000’s you all have seen happen each month on the OTC!
Don’t you all ever wonder why when so many tickers are cancelled and the stock is no longer trading but the amount of OTC listed companies does not decrease but increases?
It is because the old ticker that you would think would reduce the number of OTC listed tickers would drop is because they just reverse into a new ticker.
Tickers come and go but the amount of OTC listing companies stays the same.
The set up is, investors really only now know SGMD as budcars, a company they do not even control. That is so investors are so familiar with that budcars name; they will rush to the new ticker and buy shares in budcars for what could be $1 or more just like SGMD once was. It won’t be seen as a new issue because everyone knows budcars now and will want to jump in when they emerge with a ticker.
Meaning you are all being conditioned now to buy budcars when and if it hits the OTC ticker list.
Eventually the new Budcars ticker could sell $50,000,000 maybe more in new shares and over time it will end up like SMGD.
There is more money selling shares then they will ever make selling MJ deliveries.
That is the cycle.
That is how it is done, legally and effectively.
Not a bad way to make money for doing nothing.
Not really about Jimmy being quiet, it's just the progression of OTC pumped stocks.
The actions taken before the dilution and sell off to trip 0's is the normal progression!
No one can cry foul when everyone knows this already.
It's just the way it works.
Suissac, it is because they did not maintain a $.01 share price (On the bid side) within a 30 day period. That is an OTCQB requirement.
Also dropping to current they will not have to have financials audited.
It stays at the bottom till the shares are all sold, after that the marketing and news stops, the market makers don't buy shares and the ticker is deleted and they reverse merge into new ticker.
See how this works!
Investors selling shares means the company sells less shares. The less shares the company sells the less money it makes. So you are not allowed to sell and by the time you can, no one will want the stock.
See how this works.
Ducktor, only those who invested are tired of it. That is why 100% of all the company marketing is not about completing ideas they promoted but rather they are creating new ideas to get new investors to invest who then become tired.
See how this works!
Oh good lord! Thank you again Bar1080 for catching the errors. We have been inundated with orders and we were not aware of additions to the BOTL page. "Free" engraving!
With many more similar pages being added to accommodate the abundance of civic and club offerings similar to BOTL, we have to nip this quickly.
We wondered why so many are asking for names and dates added to the inside of the rings.
We have since removed the custom engraving feature. We were not aware that was posted as an option.
What a logistical nightmare. Good intentions though, but we are focused on streamlining the process not adding to it, especially when the options are offered at no extra costs.
We are supposed to get links to any changes to the website for corrections. Mr. Newsteder still posts additions that we are sometimes not aware of, but we will keep watch daily for sure.
Artist are artists and will be creative, you cannot stop that but we are working on structured changes on our end.
One thing is for sure. The errors in no way have deterred people from ordering.
A Graffiti line is in the works. Keep your eye on that one. I may want a set of all ten in the series from the collection for myself.
As always, thank you for your catch, “yet again”
MC
Team10
Its Game, 100% correct...eom
Front your looking at it wrong-->
The key word in both statements is "option" not "will" or "could".
They have an option to exercise. That means they have a choice not to.
That means that any phrase after “They have an option to exercise” Or even just an “option” the right to buy something that: is, can, will, has, may or could make millions is based on what the company told the public company. And if they do not exercise the option, any wording after option becomes void.
Remember SGMD is relying on what budcars tells them the sales were. SGMD does not look or audit budcars financial records. They can’t even legally.
It is simply the word of budcars when they tell a public company they did $10,000,000 and the public Company post that their 30% is worth $3,000,000 even though they received no money owning less than 50%.
The fact is, it is just easier and cleaner not owning controlling interest in any company that may be lying about sales and revenue that is not and does not have to be part of the public companies responsibility.
Sell $20,000,000 in shares for cash and stay as far away from that other 40% knowing it will be a legal mess to clean up and explain to shareholders why there is no sales. Just elect to not exercise the option to buy the other 40% and continue to rely on budcars sales and data.
The best part of this is, when they are done selling $20,000,000 in company stock and say we don’t want the 40% and in fact sell back the 30% for $1, what ever happens to budcars is no longer of interest by SGMD. They just move onto another merger or buy in on another idea or company.
If SGMD can now say the company they own 30% in did $10,000,000 but if they controlled it they would have to say they made no money, how would they be able to sell shares if they did that?
Happens all the time on the OTC!
SGMD needs a valid connection to a store that posts $10,000,000 in sales (True or false) to help them sell shares, but without the legal responsibility to have to prove it and just take their word for it. Its win win win.
SGMD is off the hook on legalities, they brag they own 30% of $10,000,000 that they are not entitled to or have to prove exists and they sell $20,000,000 of stock.
In the end they elect to not exercise any options for 40%
Many have to lose for few to win.
SMH--->
I have been in this game for decades (but not on ihub for long)
What I have seen over the decades is, the ones who make the most noise are the ones who invested the least. The reason is simple and is the reason they buy into high-risk stocks.
They won’t take a huge financial risk so they invest $200 and they think that the stock will hit it big and turn $200 into $200,000.
They spend the days dreaming of paying off the house or buying a new car etc. All on little to no investment risk with a huge payday.
It's more like a mini lotto mentality and over time that fantasy actually becomes a reality because people want to WIN so badly.
When the dream is smashed, anger sets in and then irrational posts and threats to the CEO but it's pointless, it's just venting that is all.
It's like the horse races... OTC stocks.
My IDIOT sister went to the horse races and came home and said SHE WON $100 and told everyone she WON at the track.
I said really how.
She said she won in the 8th race betting $10 and won $90. I said what about the other 7 races, she then said:
Race 1 she bet $5 and lost,
Race 2 she bet $35 and lost
Race 3 she bet $20 and lost
Race 4 she bet $30 and lost
Race 5 she bet $30 and lost
Race 6 she bet $15 and lost
Race 7 she bet $20 and lost
And race 8 she bet $10 and won $90.
I said to her, but you spent $165 to win $90 so over all you lost $75! She replied
OH YEAH!
This is the OTC everyone WINS and no one LOSES ever LOL
I get all this Joop, I really do. But some I have no clue whey they do what they do. They are like lemmings, you toss a dream over the cliff and they all jump in and drown.
I'm not for or against SGMD but people posting they are going to SUE THE SEC and CONGRESS hell why not just go knock on the door of the white house and discuss this with Trump.
CRAZY OTC INVESTORS!
Suissac, Here ya go---->
So since you win all the time, and contacting the US CONGRESS is also part of your winning investment strategy you should know this info by now further proving you do not win win win.
-
For information on how to report misconduct of a Senator or Representative, contact the respective committee:
Senators: Senate Select Committee on Ethics. 202-224-2981.
Representatives: Contact one of the following entities: Office of Congressional Ethics (OCE) 202-225-9739. House Committee on Ethics. 202-225-7103.
-
And here is the forms you can send.
https://oce.house.gov/contact-us/make-a-submission
ANYWAYS!
Here is the information you need. In your mind I am sure you believe they will jump all over this. But that same belief in the stock is what landed you into this revolving door you are unable to escape from.
BUT lots of luck. OH BY THE WAY! posting you made contact and that the process of what you want is in motion ESPECIALLY on Ihub boards will further show your still 100% in denial.
I am sure Pelosi with all her free time will stop to take your call.
BUT remember SHE IS IN ON IT...... That is in Chapter 5 of the book.
Like a WEED! Pun intended...
suissac-->
SO!
You have lost! Saying have never lost (if that's what you meant to say?) is a public defense mechanism that no one will ever believe.
But you lost here correct? That means that you lost in many other stocks but were able to recover all your money in court making that a WIN? Seriously that is how you never lose?
You need to rethink your investment strategy because that investment technique warrants a trip to the shrink.
If you have lost many times then recovered, and part of your defense is to post on chat rooms first that has no bearing on a court case, is also what people who always lose do. they never sue, they just complain to others.
In fact it opens you up to a counter suite for slander from the company. Sue them and be done with it and move onto your?
"NEXT WIN"?
Holy Cow!!! I should make a chapter on this subject, I think I will.
You lost with SMGD, you have lost on many other OTCs. You never always win. Once you start telling yourself that is when the healing will start.
I am not worried about you, I don't know you enough to worry. What I will say is this. You are in complete denial.
:)
Friday, 08/21/20 02:55:09 PM
Re: MallenNV post# 44906 0
Post # of 44914
MallenNV, I hear you, but you hear this, I havn't lose in my Life once. Period!
HERE PEOPLE READ THIS!
Ill let the cat out of the bag in this Chapter7 of the soon to be released book. It is still under edit but you get the point. I HOPE!
-
CHAPTER 7 – Why And When The Stock Price Drops
As always, when the stock tanks investors pop onto chat rooms and start cursing out to the CEO, as if they even read those posts as the reality starts to set it.
The stock chat room forums that were once the place for excitement and admiration for the company you invested in, soon becomes the place to vent your frustrations and anger but it’s pointless.
People who invest in a pumped OTC stock that say they intend to make $50,000,000 and don’t but you believe they said they would, end up filing complaints with the SEC.
The SEC reads those complaints and looks for proof only to find the pumped OTC said they INTEND not WILL make $50,000,000, when they say they INTEND to make $50,000,000 and never even make $1 the SEC says, “well they intended to but didn’t”, so no files will pass to the DOJ (FBI) for prosecution.
The SEC does not arrest people. When investors post the SEC will be arresting the CEO, they have no clue how this all works.
The SEC turns over evidence that is deemed illegal if they feel they have a case that justifies the involvement of the FBI. Since most Pumped OTC’s know how to word things to negate any illegal statements or activity, the SEC will not open a case for prosecution by the FBI.
You can’t charge people with a crime when no crime is committed. Investors think losing money is a crime just for the fact they want to blame someone other then themselves.
Those angry chat room posts that follow when a stock tanks go unanswered and are posted publicly because there is no way to contact the CEO or anyone else associated with the company. That’s if there is even anyone else running the company other than the CEO, which is almost always the case.
I have many times posted replies to those angry chat room posts and informed them the company said no such thing. Then they reply to me, yes they did and they will sue them.
Do pumped OTC investors actually think they can scare a CEO on some chat room threatening a lawsuit so that the CEO will all of a sudden be a nice person and say OK ill make the stock price rise so you can make a profit because of your threats of being sued?
The only way to even attempt to sue them is with a class action but lawyers know that you won’t win so they wont take the case and if you invested even $5000 into an OTC company that is now worth $100 and you sue them you will have to retain an attorney for $30,000 and you still wont win. And most OTC investors invest far less than $5000, maybe only $300 more or less, so even if you did win a lawsuit it would cost you $30,000 to recover $300.
This is why OTC pumped Companies won’t sell to one person $10,000,000 in stock but instead focus on small OTC dreamer gamblers who each invest $500 more or less. You would sue if you invested $10,000,000 but you won’t sue when you invest $500.
And it is much easier to get 20,000 people to part with $500 each then one person to part with $10,000,000.
If someone did invest $10 million into any Pumped OTC stock, then I want that persons phone number because I have a very large old bridge in Brooklyn for sale.
So posting you will sue the CEO and have charges brought up at the SEC and have them arrested is not going to happen even though you think you have right on your side you do not have the law on your side.
Unless the deceit is illegal like the Bernie Madoffs Ponzi scheme or Long Islands, Cosmo and others who went far beyond 100’s of millions and into Billions in fraud where the deceit was illegal and so big the NEWS could not even stay away is when the DOJ gets involved.
SO! The only benefit to posting on chat rooms, threatening the CEO about being sued and arrested is, you will only learn better typing skills.
You almost always see only one person listed on OTC pumped companies and no one else listed as members. If an OTC pumps and dumps $25,000,000 in shares, you can bet the CEO who is the patsy will maybe make $1,000,000 maybe $2,000,000 but because investors think the CEO’s are the ones who get all the money they verbally go after the CEO.
The CEO did not make mistakes with the pumped OTC Company, and was not a victim of the market issues everyone is eventually faced with when the stock drops in price.
What they did to get you, your family and friends and 1000’s more to part with their money was calculated and planned.
Investors cannot fault the CEO when they lose money, because losses are part of the plan. In order for the CEO and only a few others to make lots of money, lots of people have to lose money. Both sides never win and the pumped OTC never loses.
The anger investors post on line is not because they lost $100, it is because they told friends and family to invest as if they were some genius investment Guru that want to be right so badly, they forget or are in denial of the gravity of the situations reality.
Investors are really just angry with themselves because they are seen as the liar who told family and friends to invest who also lost their money. It’s hard to attend a BBQ with those people you told is a sure thing and not feel like an outcast so you end up avoiding them.
A short-term excuse is, not to worry, the stock will rebound but it never does.
Many investors actually believe posting on chat rooms, threatening the CEO will make their miserable family life all better by requesting the CEO refund everyone.
The CEO is to busy driving in his Ferrari to the dock to board his new 60’ sport fishing boat and could care less about the situation that only investors created by using emotions when they buy OTC pumped stocks.
Who wants to work hard at a business 24/7 losing millions knowing the plan that was pumped to investors will not work. They just take those millions and enjoy the easy life and not work.
This happens all the time with OTC pump and dump stocks. They say they may possibly do $50,000,000 in sales and will file to go to NASDAQ. Neither of which happens
Some pumped OTC’s will use some of the funds made selling shares and reinvest into another company and that other company places an order with the Pumped OTC and the OTC can say they are getting massive orders. But it was still investors money re-routed back to the OTC as a paid order. This helps draw people in believing that the pumped OTC is on the way to $50 million in sales.
Some Pumped OTC’s will actually work with another ally that is also a business and that other business places a $10,000,000 order for products from the pumped OTC. The OTC posts they got a $10,000,000 purchase order and sell even more shares. The problem is, the order gets cancelled a few months later by the pumped OTC and they won’t make that info public.
Eventually the $10,000,000 will not show up on the quarterly financials so the OTC has 3 months to dump more shares on a huge $10,000,000 purchase order that will never be filled.
The purchase order is real and so is the order being cancelled.
Investors posting the SEC will throw them in jail or arrest them etc.
I said it once and ill say it again, that is 100% incorrect.
Even if an OTC says they did in fact make $50,000,000 and lied and never made $1, The SEC will likely tell the company that they will be found non compliant for stating a fact that they did make $50 million and issue a fine of let say $2,000,000.
Paying the fine avoids a criminal enforcement action that gets the FBI involved with the possibility of the CEO and others going to jail.
Who would not pay a $2 million fine out of $60 million raised selling worthless stock to walk away scot-free who are also allowed to keep the $58,000,000 as well? And not have a criminal record to boot.
If it’s so easy for an OTC company not to lie and just say they intended to do $50 million, why say they did in fact make $50 million? Its risky but some pumped OTC’s take that risk. Remember if the hammer falls it’s only the patsy CEO who takes the heat, not the pumpers or those who are behind the scenes that make most of the money. So why lie?
Because Investors believe the company saying they did in fact make $50 million they must have or be sent to prison. This gives a reason for more investors to invest $1000’s not just $100’s. Investors believe if news is stated a fact that it must be, giving more reason to invest.
Investors are not aware of the fine and no criminal charges aspect of all this. Lying and saying you did make $50 million gives more confidence to Investors and the pumped OTC can raise much more money knowing a fine is inevitable. But they also know that making $60,000,000 more for a total of $120,000,000 is worth it knowing they will just be made to pay a fine.
One issue that is part of the fine and punishment is, the CEO is not allowed to be a CEO or board member of any public company for at least 5 years. The pumpers and debt converting behind the scene big money makers are not listed as part of the company so they are not include in the 5 year ban. Only the CEO is so they just find another person to be the CEO so they don’t have to wait 5 years to do it all over again.
A CEO can be as easy as a homeless man on the street and given a nice new suit. Instant CEO!
In many cases the CEO will be the one who does come back and just takes 5 years off to enjoy some of the investors millions and just take it easy, relax on exotic beaches buying exotic cars and beautiful homes with all that free cash.
It is better to swap CEO’s because the same named CEO on the new pumped stock may cause investors to find out or better yet just post a fake name on the OTC CEO data.
That is why so many OTC Companies security data shows previous company names and tickers that are almost always, you guessed it, 5 or more years apart.
When OTC Companies fold after the pump, the amount of companies trading on the OTC remains about the same, because so many are recycled they never all fold, they just keep reemerging under a new company name and ticker and the cycle continues over and over.
Suissac -->
Congress makes the laws set by the SEC, the SEC wants to make changes BUT Congress wont let them.
You will have to sue congress not the SEC or JIMMY
Jimmy is using the LAWS set forth by congress and is not breaking any laws and the fact the SEC does not prosecute unless the SEC finds illegal activity then sends it to the DOJ (FBI) for action.
PROBLEM, Jimmy and SGMD are 100% legal, you losing money is not illegal and sgmd making money is not illegal and all the intent means they are OFF THE HOOK
With pumped OTC stocks its BUYER BEWARE.
You cant sue!!! and posing that will not scare Jimmy or SGMD, in fact they laugh when people post that.
NO lawyer will take the case and IF YOU DO SUE! The attorney will want $40,000 retainer so even if you win it would cost more to sue then what you invested. But you will not win. PERIOD
See how this works? are you all getting how this works YET! for gods sake
suissac Friday, 08/21/20 01:55:09 PM
Re: Money Management post# 44902 0
Post # of 44904
Money Management, who doesn't want to make money here! I'm almost at that point in taking my losses and taking the SEC to Court to make the necessary changes and from damages from it, and then Civil action against Jimmy.
Its Game - NOPE! -->
Its Game Friday, 08/21/20 01:40:46 PM
Re: Its Game post# 44874 0
Post # of 44904
Does Sugarmade have a legal department we can speak too? An actual person?
LMLYP one more thing-->
To simplify things:
You buy silver and gold hoping it goes up.
$GNGR makes jewelry that stays the same price so we want silver and gold to go down so we can make more profits.
If silver and gold rises, GNGR still makes great profits.
Either way GNGR wins and based on that company structure, GNGR cannot lose or fail.
Hope that helps.
LMLYP Public jewelry companies of which there are not many you would think they would stay on track but the facts and I say FACTS are:
Kingold ticker KGJI used gold plated copper bars to secure $2.8 billion in loans and when they did not pay, the banks went to sell the gold only to be told it’s copper.
Kingold stock was $3.00 and has tanked to $.35 cents and it is falling.
SIGNETs demise was not by fraud like Kingold, Signet was just plain greed. When a new CEO arrives on the scene like SIG, they are more interested in dumping their shares they got in the deal and killing not only the price but reducing the assets to bump up profits. Closing stores and laying off people.
Tom Ryder did this with Readers Digest. He was to get a HUGE bonus if he got the stock UP over a certain amount so he sold all the art, properties and assets that made the stock rise on the revenue but it was short lived but still the stock went up enough for him to collect his huge bonus then the foilowing quarter the stock tanked because there was nothing left to sell.
So fraud and deceit and GREED from 3 NASDAQ Stocks (2 being Jewelry companies)
Back to your GOLD investing ideas.
As I said, you buy an ounce for $2000 and even if it rises to $4000 you need to spend a lot to make a lot right!
$GNGR new to the jewelry scene will take your idea and make it go further.
GNGR will buy silver that is $29 per ounce and 24k gold that is about $2000 per ounce and unlike almost ALL pumped OTCs that say they are gold miners, GNGR does not have to mine gold to make even more money than a gold mine, here is why.
An ounce of silver is 31.5 grams. At $29 per ounce comes to $.90 cents per gram. If you Google Gunther Grant Jewelry you will see what they make.
NOW you want to buy metals as an investment? So you buy silver for $29 and hope it rises to $50 or more? Or gold at $2000 to also double the money to $4000? Don’t hold your breath.
What GNGR is doing is taking 31 grams of silver and using artistic and mold ability to change it to something people want who are not gold or silver investors but consumers who want the product not just the silver.
What I mean is: GNGR sells a silver drop (That are selling very well) for $20 each and they weigh 5 grams. That means the silver cost at $.90 cents per gram is $4.50.
They cast maybe 50 at one time making the casting cost and labor to be about $2 per drop pendant. That is about $6.50 cost and they sell for $20. That means they are converting $29 in silver into $90 when resold. And the same goes for gold.
So buying silver and changing it to a marketable product is much more profitable than just buying bars to sell hoping they rise a little. Silver dropping to $20 means more profits for GNGR and if silver rises to $60 they still make great profits.
Even a simply rise in retail from $20 to $30 people will still get a great value and are not buying for the metal price but the finished product. And that will allow GNGR to maintain a high profit margin. SO why mine metals when GNGR can just by the bars and turn that into 300% the next day with no worry about losing money if silver or gold prices fall?
That is the difference between jewelry and mining. There is more money to be made selling jewelry.
But you are not making jewelry you would be buying shares in a company that does make the jewelry correct?
Here is how it works when buying a jewelry stock.
A company like GNGR has a low float of only 108,553.765 shares. When you calculate the price of the shares you don’t use the actual metal price but rather the earnings ratio or return on investment etc.
Let say GNGR does $1,000,000 in sales which is not far fetched, in fact if you compare that to just the Silver Drop line they make at $20 each piece comes to only 50,000 pieces that need to be sold worldwide
Let say GNGR makes a 300% return over costs (silver and casting costs) so they net $666,000 on $1,000,000 in sales. If you apply that $666,000 into 108,000,000 shares you get an EPS of $.006 per share. At the current price of $.001 per share would come to a 6x return. Remember the jewelry program GNGR does is relatively new and gaining steam while others fail or commit fraud.
An EPS of 6x is pretty good. Actually its great.
Now let say GNGR was a nice company and decided to issue half the $666,000 as a cash dividend $333,000 applied to 108,000,000 shares in the float.
That would be a cash dividend of $.003 per share. At the current price of $.001 means for every share you bought for $.001 you would be getting back twice that in CASH! You see where I’m going with this.
Using a very nice 10% cash return on investment with the $.003 being the interest would put the share price at $.03 ($.03 x 10% is $.003)
That means GNGR at $.001 would rise up 30x or 300%
Compare that to the price of silver and gold.
Silver at $29 per ounce converted to GNGR shares at $.001 comes to 29,000 shares. 29,000 shares at $.03 is $870 so you can see that buying into a SOLID profitable LEGIT OTC that makes products people not can buy is even better then just buying gold or silver bars.
And the price of the securities can increase more so then even the company’s percentage mark-up of sales. Stocks value almost always exceeds a companies revenue because of the EPS.
This is the difference between Signet, Kingold and even those pumped gold mine stocks. They never find gold do they? And if they did GNGR will buy it and make more money while they do all the hard labor mining it.
FACT: Pumped gold mine stocks rely on the mining aspect of the pump because they INTEND to find gold.
If they pumped they were a jewelry company like GNGR they would have to prove they can cast and ship and produce and if they lie it would be proven when orders are not filled.
That is why pumped OTC goes into mining because they can say they may or try but rarely ever do CORRECT!
GNGR does what Signet should have done with our advice with a merger and Kingold; well they are just plain fraud.
Just keep you eye on GNGR but don’t blink. That’s all we can say.
But maybe you get the idea between NASDAQ jewelry fraud and Signets demise and just plain horribly run companies or look at the one that is on the move and not being pumped or posting INTENT but facts
$GNGR Legit, in production, making sales and NO PMPED INTENT or MAYBE well find gold in them their hills like OTC GOLD mine stocks. They always say they will look and try and find gold but rarely ever do. Unless they do what the guy in Brazil did and add purchased gold nuggets to the ground and posted images.
$GNGR also buys most of their supplies and metals from Rio Grande (a Berkshire Hathaway Company)
Team10
If you go LONG in signet you will be saying SO LONG to your money. Also GOLD is NOT a good investment, it's more out of a panic buy.
Let say gold is $2000 oz. and you have to pay spot so it costs you about $70 over spot so the ounce costs you $2070 more or less
Then when you sell it you don’t get $2070 or even $2000. You would have to sell if for $70 under spot so you would get about $1930 for the ounce of gold.
$140 has to be added to your cost of $2000 so gold has to rise up to $2140 for you to break even.
That’s over 5% gains before you even make any profits.
So lets assume gold goes to $3000 an ounce and you are into the ounce $2140 and sell it. You would make $860, which is hardly a great return.
To make let say $50,000 profits at a $3000 per ounce price you would have to divided $860 into $50,000 which means you would need to buy 58 bars of gold (ounces)
So to make $50,000 profit you would have to lay out $124,120 and to be honest GOLD is volatile. If the market comes back which it is you can be sure gold will prices will drop and even a little puts you in the negative.
A decrease of just 10% more or less would be bad for your investment.
Signets demise is NOT because of covid or the economy, it is because the CEO destroyed the company that makes it even more risky.
You want to go LONG on Signet?
Google Kay Jewelers Swapping diamonds
Google signet credit card fraud
Google Signets $240 million sexual assault settlement
What a GREAT COMPANY! Yeah sure.
$GNGR the signet alternative that is ON THE MOVE! Get in cheap; they are already tapping into signets market with NO illegal activity.
JohnCM. what is 30% retrace mean?