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I would not trust a license status from a website. With all the changes in regulations and extensions, I do not believe they are staffed to continuously update the statuses in the content management system. Nor do I believe the business logic for all the extensions have been programmed into the website, thus the need for manual updates.
CA has extended the license, as long as they have filed.
Everyday that passes just means SIGO's clone producing capacity is getting stronger - new strains coming.
Right. The clerks are leaning forward in thier chairs staring at their inboxes in anticipation of another email from SIGO critics. This has been going on for at least a year (probably 5 years) and nothing has happenned. Whats that definition of insanity...
I know you get my point. Got to be able to do many things SIMULTANEOUSLY to maximize revenue and profit. Your list of expenses for Heath sounds like a hobby grow. That's great for an individual, not so great for a public company.
BTW, soil grows have a greater chance of pesky critters getting introduced to the system, like spider mites.
The spacing is greater, so yes. I believe the extra space will allow each individual plant work harder and get the most out of them in the time frame they are in.
This is a fair point.
True, good questions. One side gives SIGO the benefit of the doubt that they will address, the other side gives them no credit at all and calls them a scam. Its the same dichotomy, ying-yang, polar opposite pattern you see throughout nature, so not surprised.
And it takes time to veg a plant to the point where it can grow that quantity of weed. Can he do that on a mass scale? How often can he pull that qty in a given year? What where his expenses? What was the quality like? All relevant questions for a cannabis investor, and all must be addressed simultaneously.
You can keep pulling these 'one-hit wonders' out from Google, but until you put the whole investment picture together, it is tough to compare your examples to SIGO's situation.
However, of course SIGO has lots to learn about growing. Learning never stops. If they were to say they knew everything about growing weed, then I would call BS on them.
Thanks for stopping by again, and again...
When you post your Google images, please post the net profit per square footage, too. THEN, we can start the analysis. Of course, to compare to SIGO, they would need to post their financials, too, but I know you get my point.
Like I've said before, ANYBODY can blow a bunch of cash on an op. Can they maximize revenue like I think SIGO can??
Consistency is not my priority right now. I want them to experiment and drive yield, period. Each time they obtain a new higher yield, that becomes the new normal for them to normalize across the bays (i.e. fire for effect). If they come up with some radical ideal that shifts how they construct a bay, and if they think that will drive yield, I'm all for it.
Hey, why are things moving?? :)
To me, normalize means to make things more consistent. If normalized, the bay operations may not be optimized, but they would be more consistent. Right now, each bay is in a different state, and that may be okay right now because SIGO is still in an experimental stage. Ideally, once they get their procedures optimized, then they can quickly get them normalized across all bays, or even across multiple greenhouses.
Things do move around in a dynamic environment. Plus, everything is a work-in-progress right now. Not every bay is consistent because each one is in a different state. This will likely continue until they further normalize their processes throughout all the bays.
Its difficult to consider the points in your posts when there is a load of objectivity in them, IMO. Are you a SIGO shareholder?
There is a lot of mass on that bud; its not all leaf.
Less can be a lot more. There's an art to it. I'm seeing posts from the same source where they are talking out of both sides of their mouth. In one instance, SIGO should just have a wide open field, out of the greenhouses. Then in another instance, they should have fully advanced, indoor, hydroponic systems.
Bottomline: Nothing SIGO will do will satisfy everyone.
There are many, many minds working on the ground at SIGO. There's probably an abundance of ideas and collaboration going on. We are not there to understand all the facets going into each decision. I trust SIGO has this covered. They have gotten this far, which is way farther than I, or anyone else on this board could have taken it. And that's a fact otherwise we would be doing it ourselves.
I believe your post contains a lot of assumptions. How do you know the plants are left unattended? We've seen Gambino working the weekends in the clone room. How do you know the Grow Master is not around? Are you there, on the ground?
Selling weed or oil in CA right now is like selling food to starving rich people. Something tells me things are moving along okay. How about that nursery being done?
The older pic is Bays 1-3, and the new pic is on the opposite side of GH in Bay 4. Entirely possible that they bought fans in batches. Knowing TJ from LinkedIn, he probably found a better deal on fans.
I do know from experience that when things get good in business, communication about how good it is becomes scarce.
I would not expect SIGO to post pictures of them building new greenhouse. Some things need to be held back for proprietary reasons, like how they expand, what decisions they make. Also, can you imagine all the arm chair GH builders that will chime in with conflicting input that would only muddy the waters?
I would love to get an Instagram update from SIGO someday that simply says: "Nursery Done"
SIGO keeps putting one foot in front of the other. I enjoy seeing that.
That's because it is. What is out of alignment is investor expectations with reality, IMO. Go SIGO!!
If you got some tips, by all means, add the value...
Yep, and the big boy market caps are large, some in the billions. Too late to make any significant return, which is why I'm invested with SIGO.
SIGO's grassroots, build-from-the-start, story is very appealing. What makes SIGO the most appealing is their share structure, and that is why I want them to make these shares as legit as possible by filing and staying up to date. I agree with others when they say that SIGO should not have tried to leverage capital markets if they did not have any intention of following through with reporting. I believe they will get current, but only when the timing is right. Yet, now that "things are starting to look green," the time to file is getting near. I'm assuming that when they file, they will reset their annual period, so the revenues they've brought in these past few months will get counted. Not sure if it can work that way, though.
True, weed grows globally, but there is not a connected global economy around weed. Its illegal to import/export across borders. It thrives in isolated pockets that are not integrated like a true global economy. That's what I mean by a global economy.
CA tourist draw is in our favor... 251 MILLION per year - and that was back in 2014.
http://www.latimes.com/business/la-fi-los-angeles-california-tourism-2014-20150505-story.html
California looks favorable, so far. That graph only seems to show state taxes and not local/county taxes.
If weed truly goes global - can cross borders - won't the industrial center for weed grow in places where the taxes are most favorable? Is California that place?
The local and regional governments in CA are providing most of the hurdles for the statewide industry.
Ha, good one. GO SIGO
We'll see. I'm buying the dips, like now.
Yep, and if it made sense to spread out the plants and get more bays going, then I fully support it because I do believe the extra spacing allows each plant to reach its full potential. We'll see.
Im just calling it like I see it. 2000 plants were reported in April for Bay 1, you are correct. Recent pics of Bay 1 show increased spacing, which means fewer plants, but it could result in a higher yield. Lots of factors of production to manipulate and in different cases, less or more is better.
They also introduced a water management system in Bay 1, which has obviously changed the decision calculus.
Study the Bay 1 pics. Im one of SIGO's main supporters on these boards, but I also try to remain objective, and accurate.
That is true. I believe trying to act like a public company, but then not walking the real walk of a public company (ie SEC filings) would reflect negatively in the eyes of potential partners and buyers. I believe SIGO understands these consequences and will file when it gives them an advantage to do so. As a voluntary filer, Why file if its just going to paint a bad picture. Better to wait because no one will remember or care if it was late if the reports look great.
With that said, I bought more shares yesterday.
Several updates needed to your post
There are fewer than 2000 plants per bay because the spacing between plants and number of rows has increased and decreased respectfully since their initial planting.
Series B payment of $200 was cancelled last August, I believe. They filed an SEC report, and Im too lazy to look it up.
They did not borrow the full $4.2 million; it was reported to be more like $850k in the first installment. There is a differemce. More accurate to say line of credit of 4.2M.
The expenses you listed to extractor and master grower are not fixed expenses. That makes them more pallatable.
Otherwise, thanks for sharing.
Trump news should motivate SIGO to get their finances in order. Any bump from lifting federal ban will likely not help SIGO if they still haven't filed.
Also, it stands to reason that if SIGO is pushing their stock ticker on Instagram that they intend to file and get caught up. I believe the late filing is a timing and process issue -not a willingness issue.
Is it a good time to have one now?