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I totally disagree. You're looking at this the wrong way.
If SIGO came out and said we're going to expand to 152K square feet and we're going to do so by taking on 1.5M to 2.0M in convertible (toxic) debt, that would put them in the same boat as every other piddly pink sheet play here.
Instead, they've said that they're going to raise the funds to expand without any debt and those who buy these shares will take a portion of the revenues.
I don't care who or how many whos have those shares, they're keeping the company debt free.
If they sell for $1200 per lb and $200 of that is taken out, that's still $1000 per lb x 120K or so square feet after the first phase of expansion or 24M in revenue with 7M or less shares outstanding!
I think there has been an enormous number of posts here suggesting that somehow the actual holders of those shares is somehow nefarious so let me ask you this...if the company goes out of business, the owners of those B shares...do they get their money back? I doubt it. If the company is sold, do they get revenue sharing forever with the new company? Not likely.
I personally think it's an absolutely brilliant strategy and I plan to email TJ and tell him so. Excellent approach until anyone can tell me otherwise.
The company wins by maintaining their no debt status, the B share folks win by taking a portion of revenues, the shareholders win by being invested in a debt free expanding cannabis grow company and they win again with a dividend, albeit a small one, but a dividend none the less. UF
And that has zero to do with share count, revenues, float, debt status, or the fact that SIGO is kicking every other cannabis play's *ss. I would like to know why she traded her Volvo wagon in for a Chevrolet. That's about as relevant.
That's pretty strong. If paid out monthly, I may have to take a hard look at that. UF
I was thinking more long term. For example, if they cap out on those at some point, but the company keeps growing, does that number increase? $1.74 each year for a dollar up front? Is that what you're saying?
Then why are they heralded by a so called cannabis expert?
And 14X better than KS*HB! At least 20X better than TR*TC. And 12X better than US Marijuana Index Stocks! Go SIGO!!
Anybody run any numbers on the pros/cons of buying some of these new shares? If not, let's take what info they've given us in the past few weeks and figure it out. Thanks. UF
KS*HB comparison. SIGO a 14X better buy than this one, too! Stay tuned for published details in the iBox!
No debt and expanding Big Time!
Their shares are locked up for 3 yrs from conversion date. 4.6M O/S.
Doubtful. Just saying in caps doesn't make it so.
Lowest market cap of any cannabis play with revenues. Boom!!
Above a dollar to stay soon. Base being set!
Bingo!!!!!
And stock goes to $20 in the process. Nice tradeoff!
Yep, but they've stated clearly no more than 7M O/S after expansion.
Excellent Analysis Based On Facts
Debt Free Cannabis Stock Headed To $20 Per Share!
Misleading at best for the 100th time. GLTY UF
The top MJ play by far for remainder of 2017. By Far!!
Incorrect. At least 100+ posts here clarifying only 4.6M shares O/S. The other that you mention converted to Preferred with 3yr lockup.
4.6M Common. The rest locked up 3 yrs from conversion date.
Because Marc Rocks! He is well respected and a man of integrity.
Haha. That's true.
Awesome! Thanks for sharing, Ash!
Exactly. Slow and steady accumulation til $20!
4,671,771 share O/S, No Debt and Strong Revenues. Patience and Time takes this one to $20+ Per Share.
You're right. I'm going to suggest that they never respond to shareholders ever again for as long as they are in business. That should help with your concerns. UF
You know that's right!
SIGO!!
Bags full of cash!...and weed!
Not a single sell in about an hour now. Things looking tight here now. Just need so see some buying imo.
That post made my day! Funny and on point. UF
That's awesome!!
Agreed Rocket. They've got nowhere to hide so lashing out.
Picked up 2M shares here. Doog and Shaz, wanted to thank you guys for the heads up. Solid play here. Plan to hold for an epic run!!! GLTA UF
This has zero to do with SIGO, but thanks for sharing.
Exactly! Hey, if you're on a tight budget, sometimes getting creative is the best thing for you. Fast forward to 152K sqft and 120K or so of that as grow space and you've got a company doing 25M in revenue with only 7M shares O/S and NO DEBT!! That's huge in OTC world!!!
People willing to take a loss to prove a misguided point and to match their false narrative. That's all this is... If it were anything else, the volume would be much higher.
One last thought... you keep saying 19.6M to go and that if they JUST sold the S-1 shares, everything would be better. How? They would have 24M shares outstanding with a raise of 2M dollars. Doing it this way, they'll have the same 2M dollars with only seven million shares O/S, but someone or several someones will be taking a portion of grow revenue each month and the company remains debt free. Seems to me your hangup is the individuals getting the new preferred shares. As a shareholder, I say BRAVO!!!! BRILLIANT. To me they are looking out for shareholders on several fronts here. If that's your beef then why don't you see if you can scoop up some of those preferred. I'm sure with your background and expertise, they would love to include you in the mix.