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Show us one SIGO document...you know what...nevermind. Who cares? Whatever this phantom dude is doing is working for me, so whatever you say...
Show me one document with this phantom participant boogie man you keep referencing. Anything will suffice...waiting patiently...
New Cannabis Grower SIGO just reduced outstanding shares down to a tiny 4,671,771 shares outstanding and locked up all other shares as preferred with a 3 year lock up agreement from the date of conversion. Already generating revenues and grossly undervalued and very few people are even aware of this stock. Projecting 152K square feet of grow space, $30.4M in revenue and no more than 7M shares outstanding upon completion. That's a $26.05 stock at a 15X multiple and it's currently trading at .75 and a market cap of $3.5M. Now is the time to take a look. GLTA UF
New Cannabis Grower SIGO just reduced outstanding shares down to a tiny 4,671,771 shares outstanding and locked up all other shares as preferred with a 3 year lock up agreement from the date of conversion. Already generating revenues and grossly undervalued and very few people are even aware of this stock. Projecting 152K square feet of grow space, $30.4M in revenue and no more than 7M shares outstanding upon completion. That's a $26.05 stock at a 15X multiple and it's currently trading at .75 and a market cap of $3.5M. Now is the time to take a look. GLTA UF
Looks like a lot more expensive than what you claim... "Therefore, in order to maximize the use of the S-1, the initial investors who will be purchasing shares from the S-1 have agreed to invest additional capital in a designated class of preferred shares that will become a long term investment in the company with no voting rights, conversion rights and with restrictions."
If it's that good of a buy, why aren't you buying it?
Right on, Big Daddy!!
Most people don't build their businesses scamming investors
So your premise is that TJ and Valerie and their 15 employees are just willy nilly mumbo jumbo growing some weed out in California without the proper licensing and permitting as a publicly traded entity. Keep those thoughts coming for entertainment purposes if nothing else. LOL
New Cannabis Grower SIGO just reduced outstanding shares down to a tiny 4,671,771 shares outstanding and locked up all other shares as preferred with a 3 year lock up agreement from the date of conversion. Already generating revenues and grossly undervalued and very few people are even aware of this stock. Projecting 152K square feet of grow space, $30.4M in revenue and no more than 7M shares outstanding upon completion. That's a $26.05 stock at a 15X multiple and it's currently trading at .75 and a market cap of $3.5M. Now is the time to take a look. GLTA UF
You should not have dumped your 20K shares out of anger. You could be riding this back to a dollar with us, big fella!
$340,000K = 400,000 additional shares, but it also = 28K additional square feet or $5.6M in rev for a 16.5X return on investment. I'll take those numbers any day. Looks like they took their $40K they were sitting on and put it to good use! Awesome!!
6,000 sqft just added, 100% for growspace!! That's awesome!!!!! That's a $4.10 stock at today's share count @ $200 per square foot and a 15 multiple. Oh, and a $39.04 stock when they get to 152K square feet using the same calculations. Just the $4.10 alone is music to my ears. UF
Great information, 2day! Thanks for sharing. UF
This will rocket skyward. Just a matter of patience, time and exposure. The more people find out about this, the sooner the float begins to get locked up. I would guess we should have 500+ followers by year end which would represent a little over 10K shares per follower. Interesting to think about what impact a locked float might have on this gem. UF
So you anger dumped what looks like 20K shares, but several of us saw you flash your stash on L2. You've got more than that, so dump those too to those who will be more than happy to pick them up.
But just remember, selling out of anger is not profitable.
That whole premise was knocked down this morning with the updates on OTCMarkets.com to 4,671,771 shares outstanding and the Market Cap will update to 3.5M as of Tuesday and remorseless TJ and Valerie have locked up their own shares for 3 years from the date of conversion, but good luck with all that. I know you called a bounce to .90 even though you're set to sell at .80, so I would imagine it's just impatience on your part. It'll get there soon enough, or you could just sell now and move on.
That's from the Secretary of State filings. Thanks. UF
That's you doing that and everybody here knows it...
Hmmmm...let me see. They canceled their 46M and set up 4.6M of these at 10/1 conversion rate, so I'm just guessing here, but I would wager that those shares belong to T.J. and Valerie.
As far as the actual document showing that to be the case for those who become paralyzed without every I dotted and T crossed, I'm sorry to say I don't have a copy of that available at this time.
DESIGNATION AND AMOUNT
The designation of this series, which consists of 4,600,000 shares of Series A Convertible Preferred Stock
VOTING RIGHTS
Except to the extent otherwise required by applicable Law, each holder of outstanding shares of Series A Preferred Stock shall be entitled to the number of votes equal to the number of whole shares of Common.
CONVERSION RIGHTS
Each holder of shares of Series A Preferred Stock may, at any time and from time to time, convert (an “Optional Conversion”) each of its shares of Series A Preferred Stock into fully paid and nonassessable shares of Common Stock at a rate equal to 1 Series A share for 10 shares of the Common Stock. However, any common stock received as part of the conversion shall be restricted for 36 months from the date of conversion.
My new favorite poster!
They did so today at OTCMarkets. Updated for your viewing pleasure. UF
Thank you, Cheds. Never thought I would actually be buying more, but here I am...rock you like a hurricane!!!
That market cap will reset to 3.3M or so over the weekend and then it's Katie Bar The Door!!
3.3M Market Cap As Of This Morning!!
“The current O/S is irrelevant. They reduced to make it a pretty shiney scam for you.”
So any company that reduces their share count by 90%+ through all the legal channels and with the proper paperwork is…making a pretty shiney scam for you. I see.
"SIGO is selling shares at $0.10 and raised $40K already. The company is also selling other unspecified securities - we will learn about these by mid-September when the company files it FY17-Q3 report, and it will be clear how shareholders are being ripped off again. "
So any company that raises operating capital via legal channels is…ripping off shareholders again. I see.
Debt paid, ooooo shiney!
So a company that is a good steward of the shareholders’ investments and pays down debt is…ooooo shiney! I see.
Revenue SOON. Talking about the clones? First we'll sell 10,000 clones a month, then 50,000 a month! This will never happen.
So a company that reports revenue via PR and 8K for the month of August and then mentions a secondary source of income, you say…This will never happen. I see.
A monthly dividend, of how much?
A rare company where the officers do not take a salary and lock up their shares for 3+ years and take their compensation via monthly dividend and you’re asking…how much, right? It’s covered in the iBox above.
No salaries, oooooooo shiney! They don't plan on making their money that way.
So again, a company that in good faith announces no salaries to go along with their policy of no debt or minimum debt is…oooooooo shiney. I see.
Shares locked up for 3 years... I'm running out of enthusiasm, it's just such a wonderful investment opportunity.
That statement is very true…all except the enthusiasm part.
Expansion in the works. Sounds like a reasonable reason to dilute just a little, for the greater good...
So any company that’s growing, expanding, building is…just cynically looking for an opportunity to dilute? I see.
Highest accredidation, don't know what you are talking about but sounds shiney.
So any company that works overtime to ensure the company is set up and ready for accredidation and then receives the highest level possible as listed in the iBox is…shiney. I see.
It's a good looking scam, i'll give you that.
I respectfully disagree. UF
"The current O/S is irrelevant"...you lost me from there, but if you say so... Good luck with all that. UF
They're straight from the website and the individual filings, but I'm sure your expertise overrides whatever numbers they used. LOL
I noticed you avoided answering any of my legitimate questions...
Here's the explanation we're looking for...
4,431,771 shares outstanding. Explain why or how that is a bad thing.
Debt paid off recently. Explain why or how that is a bad thing.
Cannabis Revenues already being generated. Explain how that is a bad thing.
A monthly dividend going forward. Explain why or how that is a bad thing.
No Salaries for Officers going forward, only monthly dividend payments, just like us. Explain why or how that is a bad thing.
Officer Shares locked up for 3 years! Explain why or how that is a bad thing.
Expansion in the works to a minimum of 152K square feet. Explain why or how that is a bad thing.
One of two growers in the entire country using MAPAL Agro. Explain why or how that is a bad thing.
Achieved the highest accredidation rating possible. Explain why or how that is a bad thing.
Would have to grow 40X to 50X over the next year or two in PPS just to catch up to the stocks currently in the US Marijuana Index. Explain why that's a bad thing.
And then if you could, please answer each of these without referring to Claus Von Bulow, John Wayne Gacy, Novellum Group or any other ominous sounding references that no one here cares about. Sincerely, tell us what makes any of the above a bad thing for investors. Thank you. UF
DAY ONE of an EPIC LONG TERM RUN!
It's fairly certain that SIGO has a tour coming up for all to see the inner workings of the operation and the expansion space. Should be fun. Hope you can make it. I'm flying out. Would like to see you face to face.
It's also very certain that the company has no debt and only 4,431,771 shares outstanding.
It's a guarantee that they're already creating cannabis revenues and very few people if any are concerned about where the officers worked in the past or whether some unknown entity made some money as the result of their first S-1.
What matters to most all of us here is that this is THE play of the sector and it is undeniable to anyone paying attention to the facts on the ground. GLTY UF
SIGO has 4,431,771 shares outstanding. UF
Got 10M now, Shaz! Thanks for the heads up! UF
Some of us will be going to see things first hand for ourselves on Sept 16th. How many other companies do you know that offer the opportunity to come out and see the entire operation? They seem to me to be proud of what they've accomplished to date and are expanding.
Could it be that just maybe, in spite of all the non stop posts about their past strike outs that just maybe they've finally found a way to hit a home run for themselves and for investors?
Thanks for sharing, but why does it get you so worked up over what other adults are doing with their own money?
Why the name calling of TJ as some dude's biatch unless you've met this guy face to face? Why the vitriol over one tiny stock that many of us who have done our own DD find attractive?
What's the end game? I don't understand what's to be gained from 15-20 really hateful/mean posts per day. What's the point if you're not invested here? I'm trying to understand. Is there some company that pays for these types of posts? If there's no monetary gain, why all the time and effort?
With all sincerity, please explain. Thanks. UF
Nice find, Ash! Thanks for posting. UF
Moving it up to .0018. UF
Got another 5M share order in at .0017 if anyone wants to fill it. Too good of a play here not to grab another 5M. GLTA UF