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Depending on where an insider(s) selling price is, at $1, if an insider with 200,000,000 shares wanted to sell, that would be very hard to accomplish on the OTC without destroying the stock. But if there was a reverse merger thus taking those insider shares to 20,000,000 shares, those would be easy to sell on the Nasdaq. And that's assuming the insider wants to sell all their shares or even if they'd want a $200 mil payday...they might be happy with $100 mil.
I'm hoping they make the announcement this month since it's the last month of the quarter, or in Sugarmade's case it's the last quarter of their fiscal year. That way they can recognize the last 12 months of BizRight revs.
Everyone has their speculative views of what they think will happen. I speculate that once the BizRight deal is done, the company will focus on a reverse merger with Hempistry. Once Hempistry is public they will list on the Nasdaq.
With the RM and Nasdaq uplisting, Hempistry will have already begun trading at a reverse IPO price of at least $4 (mininmum price to uplist to Nasdaq). Once on the Nasdaq, Hempistry will have access to the BIG BOY MONEY. With that BIG BOY MONEY, Hempistry can then turn their attention back to SKY and Hydro4less.
Hempistry, with its 2600 acres and BizRight under wraps will fetch a very high valuation. As I mention in one of my posts before, 2600 acres can yield at least $78,000,000 in revs by itself, add in, I'll say, $50 mil from BizRight, and we're talking $125,000,000 in annual revs.
As Front pointed out from his spectacular DD, Hempistry has 100,000,000 shares available. At an initial price of $4, that gives Hempistry a measly $400,000,000 market cap, that's without any multiples. Add a low multiple of 4 and we're trading at $16 per share...under a Hempistry ticker.
A reverse merger can be accomplished in a short amount of time and I think a reverse merger will make all insiders and shareholders very, very happy.
Jimmy said so himself, lol..."Sugarmade's investment into the market for high-CBD hemp is expected to be highly accretive for common shareholders in two ways. First, Sugarmade's investment will be in the form of common shares in Hempistry allowing Sugarmade common shareholders to possibly benefit from any future initial public offering of Hempistry. Second, Sugarmade is expected to sign a supply agreement with Hempistry for cultivation supplies, which would be additive to corporate revenues."
https://www.prnewswire.com/news-releases/sugarmade-launches-industrial-hemp-and-cbd-initiative-844572646.html
That would be great. And they should throw a figure out there with the announcement.
Held up nicely for a Friday.
Some deep pocket is accumulating, and probably instructing his/her personal market maker to buy certain quantities at certain price levels so that it's a smooth uptrend verses a fast volatile one. JMO
I'm predicting a done deal announcement by the end of the month. I'm also predicting at least a .10 price by the end of June.
Don't know how these dumb phrases come about anyway and they actually stick throughout the industry. They could call it anything dead, why a cat. I'm pretty sure if you drop anything from a far height it will always bounce.
This is a cougar leap.
We'll see what the close is. No one can call a dead cat bounce...it may just turn out to be a true reversal = uptrend.
https://www.investopedia.com/terms/d/deadcatbounce.asp
If some millionaire wants to lock up the float (250,000,000 shares) they could do it for $10 mil.
Well someone just dumped into the rise. We'll see if this baby bullish and close at a new HOD.
Someone is definitely accumulating the float at these cheap cents; and it doesn't seem to be IHUB'ers. The board is still lightweight dead.
I'm guessing the industry will create distribution warehouses in which most mj/hemp will be stored properly.
https://www.leafly.com/news/cannabis-101/how-long-is-my-cannabis-good-for-leaflys-guide-to-storing-cannabi
How long does the Budlife container preserve buds?
Companies can grow now and preserve for the future with the Budlife so the supply/demand won't hurt as much.
It's okay Front, you can average up. Slap the "ask". LOL
Aurora (ACB) is looking for an American partner.
Either that, or it was the fast food that gave it the runs. LOL
We need a 100%'er.
Level 2 looks beautiful!
I understand business very well; it all points to a Hempistry reverse merger :)
Jimmy and John should have just come out and said, K&J is buying SGMD for $20 million and the deal/RM will be sealed whenever the Bizright deal is complete.
The Bizright boys might be aware of this and are now playing hardball. This fresh billion dollar industry spawns a lot of greed. The Bizright boys might want a bigger piece of the pie...hence all the delays. Which isn't just about audits...these fools are still in negotiation mode.
"K&J" is John Vu.
Hempistry is John Vu.
If Jimmy is tied to Hempistry and John Vu is Hempistry and K&J why would Vu loan money to Jimmy and Jimmy says he's investing $1 million in Hempistry? Does it sound confusing? It's because the whole situation is confusing.
Throughout the country companies are sprouting up with access to hundreds of acres of land just to get in on the cbd craze. Equipment suppliers are also following. By the time Jimmy and crew figures it out, it will be too late. And since everything is pretty much on a regional scale, those who are benefiting now will be the only ones continuing to benefit as they've already established a base.
If something good doesn't happen this month, I'm gone. There's too much competition out there and there's no guarantee SGMD captures any of the market share; as they are already late to the party.
The folks at Bizright more than likely exaggerated their annual sales numbers that's why the "audit" is taking years. Those numbers thrown out there were probably to make the PR's sound good and sell shares. If the "audit" is ever finalized we'll be disappointed to know the numbers they threw out there are nowhere near reality.
He's out now. He posted a 2,000,000,000 share bond.
On to next week. This week's hope is already over. LOL
We're both on the same team; we both want what's best for the company and shareholders so all input is welcomed by me. Let's see how the POS closes. LOL
LOL
"It may be SGMD trying to raise capital for the acquisition." So I guess you just confirmed K&J is a fraud...I thought K&J money was supposed to help with the acquisition.
As for the internet...there are 100's of mj/cbd/hemp tickers out there that people are starting to come to their senses and they are not trusting anything these CEO's say.
Trust is a powerful thing, and it's hard to gain a persons trust in this sector. People are in this sector just for flipping purposes. Holding is dying if not already dead.
I hope it doesn't go lower; that's not good :)
We need a 100% + gain so we can get more than the 10 eyes that are here now.
Unfortunately nothing. He and insiders control the most voting shares.
Exactly. Company doesn't care how low the price goes nor how many shares they issue because the ultimate cure is a reverse split.
Not in the OTC. PR's mislead hungry retailers. This is exactly why institutions don't touch stocks under $5. THEY KNOW WHAT GOES ON DOWN HERE (IN THE BASEMENT). LOL.
Honestly, the market makers control this. We can buy as much as we want, but the fair market value is controlled by market makers.
Currently the market has SGMD at 18 million market cap. Will Bizright change this? Without Bizright, what is SGMD?
We need to stop talking about buying while it's low aka averaging down, and only start supporting the price when it's rising aka averaging up.
https://www.investopedia.com/terms/a/averageup.asp
We need to show the company and market makers that we are done catching falling knives.
K&J could get their 138,000,000 shares right now for $3.7 million; that's a deep discount from $20 million. But if they are more focused on shares than on saving money, they could get 740,000,000 shares for their $20 million. Seeing how there's only 681,000,000 shares outstanding, K&J can just own 100% of the company for that $20 million.
Just venting a little bit. LOL. I hope I'm wrong, but if deals aren't closed by the end of the month...flag just got redder.
LOL. John Vu, not Jimmy Vu
Also, I see a MCOA insider with almost 500,000,000 shares just dumped 1.5 million shares. All these OTC stocks are retail rip offs. Retailers are nothing more than ATM's for OTC CEO's and insiders.
LOL. Did they show MCOA the money yet? 6 months has already passed.
Look at MCOA stock price from December 20th...
https://finance.yahoo.com/quote/MCOA/history?p=MCOA&.tsrc=fin-srch
.02 then
.012 now
I hope I'm wrong, but anyone can promise anything to anyone and never deliver...so far K&J has already promised to commit $30,000,000 to 2 companies; they commited to SGMD in April so I guess they won't see that til at least October or never.
Jimmy Vu may be a con artist...the whole crew might be con artists...a group of broke con artist.
Waiting on K&J, the Bizright deal will never get done.
One more important note...why wouldn't K&J be buying at these low levels...it's a no brainer...unless they know something that we don't know (which they do), like the price is going much lower.
Like I said, I hope I'm wrong, but Jimmy Vu and crew are up to some shady chit.
I honestly believe "K&J" has no money! They might be seeking loans themselves.
Look at their amateur website. It's like a preschooler did the setup. LOL
http://kjfunds.biz/index.html
It's under John Vu. He's the "mastermind".
Not according to the volume. Unless they know the price is going lower and are planning to buy then.
I don't think they nor K&J have the funds to close the deal. If both parties were on the same page this deal would have happened a long time ago.
I don't think K&J has the funds. They are a misleading part of the equation. No one even knows who K&J is, and how they make their money.
The problem is with the sector...the mj sector is over populated. With so many companies out there to choose from, a lot of companies will be over looked...hence the low to no volume here.
Most people are in this sector just to day or swing trade it...everyday, they are looking for the ticker(s) with volume, and they get it and get out. I've yet to see any mj stock hold its gains...and odds are, they never will.
So I guess we're trading at fair market value without Bizright.
Without Bizright, Sugarmade is pretty much a shell company?
Hope so. Just hit a new 52 week low.
Never knew it take years and years to get deals done especially if all parties are interested.