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With all the recent action and patent currently being granted/printed/mailed, there's no way they won't release a shareholder letter very soon. Last year they put out a letter around this time, late Feb, so good chance it's coming next week, possibly before market opens on Monday.
I think this will recover to .048 or higher, it's just one person trying to push the price down with 350k shares. ETRF selling them, thats not a market maker. Most likely will bounce off low .041 again for a 3rd time this year. If it drops below .04, I expect another 500k to be dumped as a stop loss, but buyers will eat it up and back up we will go. Lets see how this plays out
I've always liked this stock, it can move. But I never liked the share structure. Why is the market cap so high? It was holding a penny for a long time with a market cap of nearly 50 million. Most OTC stocks with this little revenue have market caps less than 10 million. The drop to .005 helped, but even though it seems like a cheap price, the market cap is still too high at 35 million. some 15 million shares were returned last year by Livewire, and another 500k recently, but still why is the market cap so high?
004's are here. Next week .004, and .003 less than 3 weeks after. .001's or trips by mid summer
You obviously didn't read anything I wrote. None of that matters, you seem to be the only one who cares.
Doesn't matter, all the negativity is all the same as with other stocks. Bad management, R/S, lack of communication, pumping and dumping etc etc. Every board you look at for almost every OTC stock has posts that say the same stuff, all these opinions whether facts or not don't matter much now because the price has already reflected all that - things are taking a turn now they have a real patent though, haven't they? Even if they have the very worst management where everything is lies - the USPTO site doesn't lie, and this stock just saw a 4500% rise from it's bottom of .0030 where 1.1 million shares were sold. Many people made out big on that move, and a move like that will likely happen again. All that really matter is money here, and one would expect long time investors here to be sore about all the events in the past 2 years and being down 98% on their investment. But that is in the past, all that is left is the future and all that matters is the stock price.
Management, products, sales, and trials aside, the solid hold on the price over 1000% from it's recent all time sub-penny low along with upcoming catalysts are making this a solid short term or long term investment opportunity. If this drops to 03's before the catalysts, I will be so happy because my buying rules will allow me to increase my position.
I believe the shareholder letter is coming by March 1, but I also think they would like to have the patent granted and in-hand, perhaps along with a picture as they have shared in the past, before releasing a shareholder letter. The patent has been in publications for several days and literally at any minute it can change status to mailed or delivered or whatever the final note will be. We have no idea what the company might do next, and if they have a plan of anything shorter term than waiting for the phase 2 and 3 trials to complete, the price will skyrocket. Even moderately good news can bring this up to .10 easy, there are MANY eyes on this stock. It has shown it has the ability to move up 3000% in a week, because of the share structure - again, they have hardly needed to sell any shares. And the current med-term pattern shows it can still move much higher as it has done before. But it's highly speculative so the potential for huge volume is always here. All it will take is for one or 2 groups of "players" to come in and move the stock up with all their buying power.
Also, the price only got down to a penny in the first place from extreme negativity, IMO. But the fact is wasn't from dilution - this alone separates this stock from 90%+ of others on the OTC. So this price is still very cheap after coming down 75% from it's recent .15 high. Sure it can still go down and fill that gap, which is about 40% cheaper than current price, but that's a 40% risk for a potential 150%+ quick gain. When this does run up again, it will not come down this low again without bad news such as a R/S. It will form a new low at a higher price area like we are doing now.
I see, as a trader, a really great buying and trading opportunity on this stock right now and I'm almost fully loaded. Excited for something big to finally happen again since the end of the year.
Market cap 4-6x higher than it should be at current price. I don't see any way this does not go down another 75%. 004's coming at any minute of any day, on the path to .0010 and I'd give a 50% chance this goes to trips.
I do and sgmd hasnt been one of them since .011, where I sold for a 20% loss. I bet a lot of investors here wish they sold sooner. In a few weeks more will wish they sold at .006, because this is going much lower. Sugar rush, cannabis pastry delivery service is a total joke. So unoriginal and unappealing business plan. Seriously I bet he got the idea from the netflix series Sugar Rush, and stole the name.
Quoting warren buffet again are we? Again, he doesn't invest in OTC markets companies that dilute their stock every month of every year. If you buy stock and never sell it, but it never goes higher than your buy price, you are definitely losing money because you don't have the money to spend or reinvest. So that whole statement, as stated similarly by Warren Buffet, is total BS in a situation like this.
Game of thrones style wall would be about 10 million + shares.
700k isn't a wall, more like a layer of thin plastic. And that probably won't be there tomorrow, probably gonna be a bid about that big at .05 and another piece of plastic at .058-.06.
Looks like MM's are participating today. CGC, TLRY, and CTST (all cannabis stocks on the NYSE) gapped up today about 10%, and I saw the action on OWCP. We didn't gap up but we got over a million volume right off the bat and I noticed lots of orders going off, many for 10,000, which is what happens when the MM's run up the stock. I would be surprised if we don't push another 10-20% higher in the next 30 minutes. I didn't wait to try to get fills under .048, time to hit the ask!
Who cares if it takes 5 years or even 10 years to get it FDA approved? That's the endgame plan for the psoriasis cream and before they even initiate such trials in the US, they will already be worth 100x more than currently. GWPH market cap is 46 billion, and OWCP has just proven that they have a front runner candidate for the pharmaceutical industry. Whatever their next move is could make them worth at least 10x current value, and to 100% of us here, that's all that matters because we are all here to make money.
Wish I could short this stock somehow
The only reason people are still selling after the initial dump is fear. Yes the market cap is kinda high, but someone dumps a lot of APRU shares just this way every few months, and it usually recovers immediately after. Many times the stock price has been around .01 and there has been a big share dump like a market order that fills all the way down to .004 or .005. I was actually waiting for this. It's on the day of good news so I imagine it's someone who saw the stock wasn't getting bought up so they bailed. 4 million shares might seem like a lot, but it really isn't. When market makers come to a stock, you see 30-50 million volume days. Now the price is cut in half, it will get bought up at least temporarily, but there is more chance now with the news AND price drop that it will attract the MM's to run it up, and they can easily take it over .02 again if they want. But if they don't show up, I still expect for this to recover to .008-.009 before end of the week.
Psoriasis cream patent update:
"Dispatch to FDC" - Dispatch to the Final Data Capture processing center for printing and final issue preparation
Market cap is 4 million now at current price after returned shares. I believe this will work its way down to 1-2 million market cap, or pps of .002-.003.
Market cap currently 7 million. This company is maybe worth 1 million. Other companies further along than SGMD and less liabilities have lower than 1 million market caps. The shares returning to the stock will help, the market cap will go much lower when they are returned, but still the pps will continue down from lack of interest and continued, never ending dilution.
Not on the OTC. On the OTC it's the other way around, you should be fearful when everyone else is, because many of these failing companies that dilute their stock constantly see 98-99% declines in their share price with no permanent bounce.
I'd be very surprised if this doesn't reach .002 by summer. Wouldn't be surprised if it gets to trips this year. It's just what happens.
Did Mr. Buffet invest in failing OTC companies? I don't think so.
From USPTO site:
97 PUBTC Pubs Case Remand to TC390,952 - An allowed application may be returned to the Technology Center (TC) for additional work or clarification.
98 A.NA Amendment after Notice of Allowance (Rule 312)385,749 AA - When applicant files an amendment after the Notice of Allowance has been mailed but before the issue fee is paid, the amendment is not entered automatically. It may only be entered upon recommendation of a Primary Examiner. It will not be entered if it requires additional search or more than cursory review.
From a forum post in response to someone with the same transactions:
"Pubs remand is probably what we call a printer rush. That means something is wrong with the file that needs examiner input before it can issue. Most common I see is probably the examiner didn't properly consider an IDS, but there are many many things that can cause this so it's impossible to speculate. Maybe they didn't sign that an after final amendment was entered, or they put an invalid classification or drawing figure in, or a claim depends on itself, or they renumbered the claims in a way that doesn't make sense, could be lots of things. They often don't need your input and the examiner can just fix it.
Probably not necessary to call the examiner at this point because there's nothing for you to do currently. If the examiner needs your input rest assured they will call you. I think we get like 5 days to take care of these and supervisors are generally on the examiner's butt if they aren't done promptly. If a week+ goes by and you don't see anything happen maybe it's time to see what's going on."
The price will keep going lower. Not a scam, just a failed company. There's no way buying will exceed the dilution. This company now has everything going on for it that the ones in trips do. Don't know if this will go all the way to trips, but there's a good chance it goes to the .002's by mid summer.
You can sell it and buy a stock that's probably going up. Your 1,600 will become $500 or less this year if you keep it here.
Looks like bottom area to me.
Agree. I think that will come before the gap fills, which means the gap will probably never fill. Today will be the 7th consecutive down day, we're due for a green day naturally.
Had to give up half my large position today for funds... I really didn't want to. Hopefully I get my funds back while it's under .05
I see... so EU taking forever just to do the examination... bummer.
Well hopefully we get news the USPTO has issued a grant to the cream patent soon.
New here... what do you guys think will happen to the share price if they secure funding? Based on some posts here and the recent letter to shareholders, they should be getting funding soon. Market cap currently $26,000,000, what should they be worth if they get funded and begin trials?
That was in bad taste.
I'm a little surprised the stock is holding the 009's. Gonna be a big drop sometime soon, any day now, followed by bigger than normal buying of "cheap" shares, followed by slow downtrend to .0010-.0030 in the coming months. There is very little reason to buy this stock now and will be less reason later... there will be more dilution, will not stop because they have no revenues. New investors will flip this but ultimately it'll fall to 1-2 million market cap. I'm basing this on what they have now, what they've done, and what it seems they plan to do and comparing all that to other stocks - sugarmade/sugarrush is just more of the same in the OTC and not worth more than 2 million (current value 10 million which is WAY too high).
I'm guessing .008's trading range by end of week
Funny everyone talks about additional upcoming patent allowances being the MM and tablet patents. Those are not even the most likely allowance to follow the US patent for the cream. We don't even know if those will be granted, if there is a real invention. But I would agree chances are higher now being that they got a real patent on something.
The most likely patent to be allowed next, IMO, is the EU patent for the cream. They filed for the US patent and EU patent at the same time, I remember the PR a couple years ago. That patent is likely to be allowed because it's the same exact one that was allowed by the US over a month ago, and being that they filed them both at the same time, the allowances should be relatively close to the same time. Obviously EU is taking longer than the US, but it's been 2 years so, could be any day of any week of any month now that EU will issue the allowance on it as well. The chances of rejecting it are very low, being they have multiple patents on it already (1x real US, 2x provisional Czech and Aus)
I believe most people investing here are investing for the cream. Until there is a patent allowance for their other products, the hype will be around the star product that contains THC and CBD.
Do you or does anyone know what the market cap was when it reached $3.23?
Did Texaco or Shell publicly announce the acquisition was complete and they were recognizing all revenues as Equilon?
I think it'll at least break a penny if the buying volume does come in. Superbowl hype is a powerful thing. Look at this stock last year this time, and year before this time, before superbowl, and look at how much higher the prices were.
I think someone is driving down the price to get cheaper shares before a big rally pre-superbowl.
How low will this go, and then how high will it go? Superbowl is very good advertising for both product and stock. More news coming, too.
Yup, company is acting like all is well, saying things like "valuation increasing" and "good news". But really they are in big trouble, the last 2 years not only cost them a lot of money but now they have said liabilities and staff to keep paying, and now probably less revenues than ever before... are they even selling the restaurant supplies anymore? Market cap currently around 10 million, about 10x higher than they're now worth IMO. Odds are that today was the first of many down days. And I'm not saying this to try to get cheaper shares, I'm not gonna buy until I think I can make a very quick flip, maybe if it's down 50% in a day or when the shares are actually returned and market cap is way lower.
I may or may not post anymore here, just want the longs here that know my stance and to know that I'm not messing around and being in this stock at all is very very risky, it's not worth it to keep holding and waiting, if you want to keep investing, sell your shares and buy them back cheaper, it's highly likely you will get shares at 50% discount or more from here if you're patient.
x100xPercent
It'll be a while before we see it go above .01.
Failure is not good news, the company only said it was good news to look on the bright side to try to attract traders and flippers.
Funny how last week all these new people showed up on this board trying to get people to buy, and there wasn't even any news at all. Company is sketchy to me now, it's too bad because it really seemed as if things were progressing and they finally achieved their goal. They even said so officially and projected uplisting to NASD as a result of their new revenues and assets.
Some investors here were already thinking they wouldn't believe anything the CEO said until they saw it.. but now.... omg now anything they say not only can we not believe it but it's more than likely to not come to fruition based on their track record. We cant even believe official filings! I had big plans for buying in big and making a lot of money, there was such promise with the low stock price and market cap vs the revenues they should have been proving next month, it would have separated them from the rest - now their goal is to be just like the rest, and most likely the stock price will behave, again, just like the rest - down down down. I'd give a 50% chance to see .002-.005 in the coming months. If dilution doesn't stop, it can go lower. If they fail the next business plan, it can be in trips by summer especially if the sector is in it's historic downtrend. If you are long here, don't stick around, if you think it's already as ugly as it's gonna get, think again and look for a company with a stock that has potential to spike up hard, and flip that stock.