Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wonder if Skye's Mohave Hospitality lurking in background should vending opportunity arise, then suck potential profits..just like Nipton?
Pete's Panpacific hits 'em (profits) first on front end...then Skye's venture performs backend clean-up duty..and ERBB,like always, stays in the red..
Hashtag #allinthefamily
Good question, especially given the presumed Kentucky hemp opportunity now that biggest players GenCanna and Atalo Holdings filed for bankruptcy.
SGMD earlier pumped a potential $1m investment into Jimmy's/John Vu's Hempistry ...Jimmy/John also founded East West Pharma Group to facillitate hemp product sales..
Jimmy confirmed $190k SGMD investment into Hempistry for 12% profits..And East West website indicates stock on hand ready to sell..https://eastwestpharmagroup.com/collections/all
So, do agree an update in order.
Has SGMD met $700k Budcars investment obligation to obtain 40% ownership?
Any additional Budcars agreement obligations outside of $700k required to transfer 40% Indigo shares?
Are the $10m Carryoutsupplies PPE receipts in hand now and $10m orders pressing to be filled in totality (as available) ASAP? Or, are these $10m projected handshake intentions spread out over time?
...btw..
Carryoutsupplies expanding PPE product offering.
https://www.carryoutsupplies.com/collections/safety-protective-supplies
5/28.."the Company now on a pace to exceed $10 million in annualized sales of cannabis products"
5/27..
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155860868
"Besides the state-of-the-art machines, EZ WEED also provides its dispensary partners with “white glove” customer service as well as completely customizable digital marketing for each American Green AGM vending machine it provides"
...sounds eerily similar to language that ERBB's ex partner Dispension Industries used..and then they went with another vending machine proprietor..??
"Ms. Smee’s extensive knowledge in launching startups"..??..Best of luck, but i dont see where her Linkedin resumes supports "extensive"..4th job since Nov2016..
Get ready, should be a good share selling day..
NUGS revenue tidbits after sifting through Simon Says:
1)..NUGS reported $1.35m revenue calendar 2019Q4.
2)..04/09 NUGS PRs 900lbs @ approx $1588/lb Apr3 wholesale for 2020Q1.
Approx $1.4m Q1 revenue....$466k monthly average.*
3)..04/23 NUGS expects to produce 1500-2000lbs every 45-60 days, continues for subsequent periods..
Conservatively, using Simon's 60 day, 1500-2000lb x $1588 wholesale/lb revenue projections.End of period:
May/June..$2.38m-3.17
July/Aug..$2.38m-3.17
Sept/Oct..$2.38m-3.17
Nov/ Dec..$2.38m-3.17**
May-Dec31 approx $9.52- 12.68m
2020Q1 Jan/Feb/Mar approx $1.4m
Apr monthly average $466k* ..??
imo, data as it stands now, suggests $11.38- 14.54m potential for calendar 2020
**assumes the Nov/Dec31 harvest 100% sold, which likely won't be..If estimate conservatively through Oct31 that harvests sold and Nov/Dec goes into inventory this year, it still puts NUGS $9-11.37m for 2020 with several million inventory.
Any constructive critiscm regarding reasoning? ..:)
If you call Lindel at Vendweb and buy the Panpacific Beer Machine, all the funds go to PanP? Why would any go to ERBB?
Dont think we should mislead visitors into believing the Panpacfic Beer Machine pumps generate ERBB revenue..CEO Gwyther did confirm on OTCWatch that Panpacfic intends to generate vending revenue independent of ERBB..As always,, Lindel or David invited to correct me if post inaccurate.
SGMD creating additional PPE websites to expand personal protective gear revenue streams..ie:
https://armorhealth.co/contact/
https://kn95.health/
Multiple websites are connected to (888) 982-1628 phone number..Sugarmade, SWC Group dba Carryoutsupplies, Armor Health, KN95 Health...
When one calls the number, the recording doesn't introduce any company name(s), simply asks what dept you'd like to connect with...Sales, Operator...etc
I'm assuming that every sale inquiry generating sales via the (888) 982-1628 number, regardless of entity name and website source, results ultimately into SGMD books.
I expect Carryoutsupplies PPE product also being sold via Amazon and Ebay, have yet to confirm.
So, Q1 reports $65,325 vending machine sales, but didnt affect the last 6 months inventory ($483,944) one single dollar..Lol..ERBB hashtag #slimshady
...machines sold, leased...or gifted?
Even if we gave ERBB benefit of doubts, don't see how ERBB revenue streams can prevent continued massive dilution..Gwyther stated long time ago potential $1.5-2m Grow revenues..and facility seems maxed..Nominal remaining revenue streams to offset debt.
whatever became of audit news?
Under Section 4.1 of the OTCQB Standards (OTC Markets Group Inc,), the minimum closing bid price for Sugarmade, Inc.'s (the "Company") Common Stock must be $0.01 or greater for ten consecutive trading days in order to continue trading on the OTCQB marketplace. The Company has until May 21, 2020 for compliance. The Company intends to request additional time to satisfy the applicable trading requirements. As of March 26, 2020, Nasdaq had suggested the companies not in compliance with current listing requirements may want to contact the listing departments of exchanges, as applicable, to discuss situations specific to the company that may warrant an exception to the rules.
Curious if Jimmy managed an exception...or not.
Equipment smart machine assets $483,944 remained same last two Q's per filings.
"all these revenues"...Suissac, the good stuff in revenues are currently projections..Frankly, there really isn't a lot of revenue as of today vs projections..That could be acceptable, i'd just like Jimmy to articulate in more detail just what the dilution is buying..ie..$700k payment?..New vehicles? $100k inventory?.. New location deposit(s)?
Btw, that articulation just might be present in the financials..just need it reduced to everyday layman terms..:)
Irrespective of GAAP accounting, it behooves Jimmy to PR ASAP that indeed the $700k payment transaction for 40% Indigo completed and clarify the "execution of final agreement" clause imo..Is their additional conditions shareholders yet to be made aware of?
Indigo deal signed Feb7..and financials appear to indicate a $700k investment took place..Financials also revealed that the Indigo $700k was scheduled for (12) $58k monthly installments, but could be paid off early at SGMD discretion..
Paying off $700k in two months vs twelve is good stuff! ..and imo more solid news than annualized projections and short term 10% week over (one) week gain PR sound bites..gl
Jimmy would never resist a good PR opportunity..If the $700k for 40% of Budcars satisfies obligation, he'll pump it for shizzle..If not, there's additional Indigo obligations outstanding imo...If you got it..flaunt it!..Pump It Jimmy..:)
Per financials.."Sugarmade will receive a Forty Percent (40%) of the issued shares in Indigo Dye. upon execution of the final agreement."
Recent 10Q indicates a $700k cash investment entry made during the Quarter..Assume the required $700k for 40% shares paid.
If true, Jimmy should PR that SGMD presently holds 40% as of Apr1..Absolutely no reason not to,history shows he pumped that starting March2018 Bizright ($30m+ yearly) revenues started being recorded according to agreement..Jimmy should announce that 40% Budcars revenues are now hitting SGMD books or be transparent as to why not.
Doing so, imo, would be splendid confidence builder..Not doing so leaves insecurity of "Bizright revisited", where shareholders went through the Bizright revenue roller coaster news of initially being told over two years and two Quarterly filing extensions,that in Mar2018 revenues being recorded..only to be told many months later they were not..then told SGMD was actually receiving limited Biz revenues all along..and when finally told the $30m Biz acquisition finally completed it was rescinded shortly after to persue a new sector direction..
"upon execution of the final agreement." Clarify just what this means Jimmy..It's either a pump...or a bash..One would assume that the Q1 $700k cash entry was for 40% of Budcars..and assume SGMD eligible to receive 40% Budcars revenues as of Apr1? Pumping Budcars Sacramento $10M annualized by Aug exciting..and opening additional locations with big revenue projections..but ain't worth a shit if those revenues don't hit SGMD books Jimmy..Release the Budcars ownership Kraken this week , confirm 40% Budcars payment obligation met and revenues now being recorded.
Per 1/20/20 ERBB PR: "Booming demand continues nationally for high quality CBD with American Green sales projected to triple and surpass $500,000 in 2020"
Booming CBD sales nationally somehow seemed to have overlooked ERBB specifically..lol..Q1 reported $33k, down 35% from year ago Q..
And ERBB projects $500k for 2020?.. The audacity of releasing Jan CBD share selling fluff knowing ERBB wasn't doin' CBD chit at that time..Typical PR garbage.
Financials reveal Pawpuddy did "0" revenues in calendar Q1..Zero..Unable to get mgmt to update Pawpuddy JV status..??
He is completely wrong if criteria based on the limited PPE products presently offered based on their competitive pricing and quality..Now, PRing $10m Carryoutsupplies PPE order receipts in hand is an unknown to interested shareholders at this time...
Jimmy..When will SGMD begin recording (40%) Budcars revenues to SGMD books?
$10M annualized Budcar revenues by August is exciting..But interested shareholders need to know they hit SGMD books!
None announced, speculation..gl
I was going to recommend folk contact SGMD with their questions/concerns, so i visited the new website with my mini tablet...Cant locate any easily accessible social media awareness (FB/Twitter) links nor even an email or telephone number..??..Likely find if i dig through the news releases, but come on, social media links and company email/phone should be front and center, especially for new visitors..The old SGMD included that handy info..
Minor bitch, but standard stuff for multi-mil aspirations.
https://sugarmade.com/
Point taken..But there appears to be a $700k cash entry made for Budcars investment and also wording of the 40% ownership occurs upon execution of "final agreement"..??..
SGMD experienced its lowest revenue Q in 6+ years..Jimmy indicated Budcars (40% ownership?) did approx $186k in Feb and $295k in Mar..Can't vision any of those monthly revenues reported in yesterday's $416k Quarterly..??
Jan17 SGMD announces Recision Agreement..Common shares and preferreds returned, but they dont account for $883k cash advanced..So i'm thinking that is where the 102k shares of BZRTH being transferred to SGMD comes into play..And if i recall, that transfer was dependent on BZRTH raising their AS to accomodate and action would be taken within couple months.. BZRTH AS now 1B per sos nevada..I'd like to see confirmation SGMD received 102k BZRTH shares.
Thx..according to financials it sure looks like $700k paid..Any links confirming BZRTH returned the $883k cash?..SGMD acknowledges the initial $883k for BZRTH, but overlooking that money going back to SGMD?
On February 7, 2020, the Company (the "Buyer") entered into a share sale and purchase agreement with Indigo Dye Group Corp. ("Indigo", the "Seller") located in Sacramento, California. Indigo carries on business as a cannabis delivery business under the name BudCars and Sugarmade has an interest in making an investment in Indigo in order to further its corporate growth goals. All the parties agree as follows:
Sugarmade will invest Seven Hundred Thousand Dollars ($700,000) (the “Investment”) into Indigo for inventory, equipment, and marketing expenses.
Sugarmade will make the Investment in twelve monthly equal installments of $58,333 with the acceleration of the payment schedule possible depending on business growth, cash flow needs and capital availability.
Sugarmade will receive a Forty Percent (40%) of the issued shares in Indigo Dye. upon execution of the final agreement. The value used for this transaction is $1,750,000 and each percentage (1%) of the company is worth $17,500.
In the event that Sugarmade is not able to make a payment of $58,333 in any month, it will have 90 days to cure the default. on the 91st day the investment plan will cease and the amount of invested capital will be calculated based on an enterprise value of $1,750,000 or $17,500 per 1% of owned equity.
Confused with Financials..Noticed statement that SGMD invested $700k by Mar31, and another budcars agreement clause stating sgmd will pay $58k monthly for 12 months to meet $700k payment ..And upon final agreement (payment), sgmd will then receive 40% budcars share ownership..
Question...if it takes sgmd 12 monthly installments, are they entitled to any of the budcars profits during those 12 months? Cant imagine sgmd going 12 months with budcars and no revenues hitting Financials.
May19 OS 1,220,943,258
Apr30 OS 1,089,395,344
Revenues $416,356...Ouch
"they 'supposedly' make so much money with Personal Protective Equipment because of COVID-19 global PANDEMIC?"
"So much money"?:
Huh? Jimmy said on May6 he just received $10m in PPE orders..Btw, he never revealed those contract specifics nor associated delivery times..(ie--monthly 2 yr contract?) and that he began the import "feeler" ordering process approx two months earlier and those (limited) quantities sold out, likely prompting Jimmy to get serious about expanding of testing PPE opportunity.
In mid-March, Carryout's core group of $4m yearly resturaunt clients began shutting down, who btw, require PPE product to reopen..So, in Jimmy-speak, his approx 2 months likely 6 weeks..or less:)..And Jimmy stated he began importing...meaning, he just started the order process..A reasonable amount of time for airfreight to arrive approx 2 weeks..Sea about 1 month..And that's if stock available..That puts us into April, the start of Q2, so likely no Q1 Carryout PPE revenues recorded, imo..So, i don't see how those PPE "millions" have shown up...yet..
Meanwhile, financials indicate SGMD is cash poor..If memory serves, SGMD about 767m OS when Jimmy started PRing BZRTH rescinded and moving forward with Budcars initial $700k investment..OS 1.09B as of 4/30 and expect another 100m+ when financials reported..
Jimmy raised the AS because he needs to have realistic mechanism to raise funds..100m dilution presently drums up $250k funds..And Jimmy's pumps, if honorable intentions, require much more than $250k dilution..Budcars did about $186k in March revenue.(SGMD holds 40% interest)..Peanuts, but Apr/May percentage gains look promising..So, let's say Budcars Sacramento does $5m in 2020..ain't too shabby..Now, can Jimmy parlay that model into other territories, bump ownership option to 70%, and still be profitable? Idk, but if so, it will require additional dilution and buy time for revenue streams to build..Btw, couple China PPE companies i contacted require 50% deposit..more dilution required initially to get the ball(s) rollin'.
There has to be significant additional dilution in the months ahead for Budcars/PPE planned expansion.Has to be..Upcoming Q not going to be impressive..Yearly Q1 is historically soft, $572k last year..and little to no PPE revenues included imo..Maybe modest Budcar Feb/Mar revenues? The expectations start in June30 Q filing...What results does Jimmy then confirm vs dilution!
Increased AS allows Jimmy deal making opportunities to acquire delivery locations with restricted shares..When and if Jimmy establishes dependable revenue streams, i wont be surprised to see RS..which acceptable if solid biz model.
Many previous vocal longs gone due to Jimmy's handling of the 2 year BZRTH acquisition chaos..Two years of BZRTH PRs and lofty revenue projections and BZRTH finally gets acquired, only to be rescinded a short time later..???..Geezus Jimmy!!! ..Btw, keeping my eye out in upcoming financials to see if SGMD confirms the 102K BZRTH shares received as part of rescission agreement.
Jimmy lost most credibility with BZRTH fiasco..Bigtime..Zero defense..That said, SGMD over the years has provided significant trading swings to make..and lose..money..SGMD price beaten up bigly, and under seemingly daily dilution pressure..Question is, what if Jimmy can pull this off, even 1/3-1/2 of what he pumps? Idk, but certainly worth eyes at minimum.
As each location opens, we can at least verify Budcar progression..If Jimmy genuinely has short term $10m PPE orders, he will start using verifiable sea shipping transportation..And we should get a grip, via Import Genius/Panjiva, on some PPE shipping product volume in Q2 if Jimmy shootin' straight..No way he stays with (unverifiable) $10m airfreight manifests short term if $10m order ready to go...PPE can feasibly accompany the multiple Carryout paper product shipments..Confirming huge Carryoutsupplies PPE sea transportation means Jimmy's pump has significant substance..)
Just spouting viewpoint..glta
Jimmy most always posts financials AH..and please, no 45 day covid extension surprise.
"And why SGMD has 8 BBBBillion shares DILUTION "
Huh? OS 1.09B as of 4/30..Your post misleading suggesting 8B dilution has occurred.
Lol..Jimmy mentioned trans pacific friends in context of shipping goods by sea, years old partnerships, particularly in resturaunt paper supply goods that can be confirmed via intl manifests that identify factory source, quantity, dates..Tranparent stuff..:)
Rat, ERBB'S PawPuddy JV reported no revenues last Q?..Zero..Zippo..Nada..Why no mgnt news?..Hashtag #hush-hush
Rat, somebody stated AG sold 1/2 the Grow..Why no news? Hush-hush deal?
Going to raise your blood pressure, but care to update us about ERBB'S 1st dividend (Panpacific) in 2010?
Agree, mentioned possible extension news a couple weeks ago and my thinking is Jimmy will file this week.
Not sure if Jimmy still eligible to file for a 45 day financials extension due to Covid..https://www.jdsupra.com/legalnews/covid-19-causes-coverage-sec-grants-85438/
You wont find any online..It's inside info..question is, how did he get it?...:)