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Tons of Support. I don't think dilution is any concern here. I feel this stock will be just fine by Oct 1.
Pretty much all of it. Just gets aggravating listening to some of these people on here bash a stock the clearly, if you do some DD, is not hiding anything and has a lot of future potential.
****Drops The Mic******
I'm with you on the dilution. The SS still hasn't gotten out of hand. But I believe it is still something to keep an eye on. Overall the Oct 1 deadline and the next quarterly statement will be extremely telling.
My assumption is this was done to expand to either Portland or Northern Cali as stated in previous releases. This CEO has followed the plan laid out for this year to a T.
Doesn't look like a T Trade today. Anyone see something in missing?
Couldn't have said it better myself. Perfect loading zone. So much potential here with SGBY.
Just to give you an idea when comparing market caps. If SGBY had the same market cap as TRTC it would be around .23. So there is room to grow here. I don't know much about TRTC. But this is one comparison you can use for yourself.
He's been here for Months bashing this thing. He won't leave but he won't make any money either.
Nice breakdown. Well Said!
Not a problem. I'm a believer. I truly feel that this is a long term investment with large growth potential. I haven't found a better company in the MJ sector and if anyone does please share.
That may happen but with the base continually increasing to higher lows the knee jerk reaction will only take it so far. There are more positives then negatives. Potential revenue streams, 3 labs and increasing and a large amount of potential market share already established in Oregon (Where testing is mandatory Oct 1). Not to mention the Northern California expansion in the works and California voting to go legal in 2017 I believe. That is just the testing portion of this business. The licensing is another revenue stream that currently has reported 100 percent success rate for their clients. As with anything there is risk in any penny stock, but this one has a CEO communicating accurate information and willing to grow the PPS and limit dilution and downside risk to investors. I've been in for months and even at these prices continue to increase my investment. Good Luck!
Honestly my opinion is that the DEA not rescheduling has no negative impact. If it does reschedule it would only positively impact the share price.
Volume looking really good today. Hopefully we can test .005 today!
Awesome post. Thank you!
Agreed. I have been keeping a close eye on that. Could be Primed for a steady run into penny land.
I don't see that emoji.....$SGBY
Stop losses are going to be triggering. Watch out for the dip. Plenty of cheapies to snag up today.
Wow Thank You
Anyone have any info on possible share structure here? Curious to how much they've diluted since May 2015. OTC markets reporting 134mil outstanding. From what I'm reading below it seams like it would be in the billions. Could be interesting if this was purchased and revitalized.
Looking good today so far. Especially with the Volume staying under 10 milly. No news and a good run. As soon as it has any sort of buying pressure it takes off.
Thanks for the DD! $SGBY going to have an interesting upcoming week.
Got ya. I agree. Way more likely to get filled the way you described.
"All Or None"
I've been wrong before and I'll be wrong again at some point. But I'll be shocked if you can get any large quantity buys that low. I'll be there buying with you if it does though.
Mm's not letting this close red.
Who's ready for a run today! $SGBY
The fact he emailed you to correct himself speaks volumes. He's the CEO.....This is more impressive then his original email and speaks loudly to his character.
Well done! Nice DD! This is awesome news.
Well said!
There is some dilution but it hasn't been crazy in my eyes. Total float right now is 306 million. But they did it for debt conversion and sold notes to Tangiers. So in my eyes it was a smart play to get the debt off the books and makes their sheet look way more appealing going forward. I've been in for months and my avg PPS is .009. Still here and still holding.
You got lucky. I had an order sitting out there and didn't get filled. Nice grab!!!!
MM's are playing games it looks like.
Would like to see this settle out around .0035 or higher today with renewed volume. Let's see what it can do. Still undervalued IMO.
Morning $SGBY
$ATLS about to go into a death spiral. The borrowing base was lowered and they are likely to default. From the July 12 - 8K
"As part of discussions with its lenders and noteholders, the Partnership determined not to make the first installment payment that was due on July 11, 2016."
GLTA
$SGBY is the real deal. Just have to be patient.....
Good churn thru all the stop losses. Let's see if it pushes towards even before close.
Looks like they diluted around 50mil. Guessing they grabbed around 125 to 150k out of it. Likely to support the Portland Expansion. Still a low float for this company. No red flag at all with the news that came with it. Company is worth at least 2 million. Easily push to 10 million by October 1st Testing Mandate in Oregon. Other MMJs trading with billions of float sitting at the same PPS.
Establishing a new base here. .003 - .0035 is as good as it gets. Nice work $SGBY