If HMNY doesn't get delisted, there will be a GUARANTEED reverse split. Board of Director's doesn't need shareholder approval. After the split, short attack GUARANTEED!!!

Flippers can make 5% gains intraday daily on this POS.

OMG!!! Here we go with these false comparisons.

"When selling securities you own, remember the trade date, not the settlement date, determines the year of the sale and recognition of any gain or loss in most situations. Trades executed on or before December 31, 2018 will be taxable events in 2018."

And for a little over a year now, settlement has been 2 days. "T2 settlement". 3 days are long gone. Be happy when it changes to same day transactions :)

Wrong. December 31st the market is open for a FULL day. Plenty of time to dump this POS...unless it gets halted.

All from pissed off annual subs who crooked Ted won't give refunds.

I hope tomorrow morning this POS is delisted/halted.

Seems about right...plus a bag of peanuts.

Is that $400 million in the latest financials...I didn't see it? I did see over $300 million in losses.

1.96% (1.97% is also what TD Ameritrade shows). No sincere institution owns this POS.

Click on "ownership" and you'll see that only 14,833,793 shares are owned. That's .92% "Funds"

47,572,735 "institutions" 2.95%

31,797,626 "concentrated" 1.97%

No one really owns this garbage...this is purely a tax write-off play for these guys. Check back on January 2nd (or end of January, when Morningstar updates their info)



https://www.morningstar.com/stocks/xnas/hmny/quote.html

Wrong. You don't even know the hearing date. The hearing date can be December 31st; at which time Nasdaq can stick with their decision to delist.

https://www.sgblocks.com/s/DEF-14C-1-13-2017.html

This company incorporated in Delaware did a reverse split without shareholder approval.

"WE ARE NOT ASKING YOU FOR A PROXY, AND YOU ARE REQUESTED NOT TO SEND US A PROXY."

Post a link. Thanks. Would be appreciated.

Congratulations, you guys just voted for the key piece of the reverse split, a new board member.

"Generally, a public company can declare a reverse stock split if it obtains the approval of its board of directors. Most often shareholder approval is not required."

This is exactly why Ted said he will fix the non compliance issue with a reverse split. The board is set and now they will burn shareholders all over again.

https://www.securitieslawyer101.com/2015/reverse-stock-split/

"In some cases, the shareholders may have to vote on a possible reverse stock split. However, in some states, a company's board of directors may vote for the reverse stock split without the approval of shareholders. The SEC does not dictate reverse stock splits; generally, the rules are laid out during initial stock offerings and empowers the board of directors."

https://www.upcounsel.com/reverse-stock-split

Perhaps the board member who quit had a conscience, and didn't want to do a reverse split thus quitting the company. Prior to that board member quitting, there was talk by Ted that they have the power to do a reverse without shareholder approval. That talk disappeared when the board member quit, and that's when shady Ted tried to have shareholders vote for one because they were short a board member.

Now the board is complete, and guess what's about to happen...or at least get pitched to Nasdaq's staff...a REVERSE SPLIT!

Afterhours didn't do jackchit. This will trade sideways until they are delisted. Ted can con investors but he can't con Nasdaq. HMNY is an embarrassment to the big board...being sued by defrauded investors, being investigated by the New York Attorney General, losing subs daily (and money), and the service is now a joke.

Don't get your hopes too high...this POS is on thin ice which can break before you know it. And surely Ted will wait until the last minute to share any bad news...he'll sugarcoat everything in the mean time.

Ted looking for a loophole to do a reverse split without shareholder approval.

I predict a closing price of at least .012

Get ready for the selloff!

"Medical Cannabis, Always Fresh"

They should trademark that ASAP!

https://www.businessinsider.com/some-moviepass-users-claim-they-tried-and-couldnt-cancel-the-service-2018-12

People are trying to cancel this shady service. Ted is holding bank accounts hostage.

The lower this goes (sub penny), the harder it will be for even a reverse split to get this to $1. Soon they'll be looking to do a reverse split just to get this POS back to a penny.

They'd be stupid to keep fighting a delisting. Makes management look like actual crooks. Reap what you sowed already. Been here for a long time and every time the stock price went up shady Ted would do an offering. Never knew how to manage the business nor money.

Talk about desperation...not to mention annoying...16 emails!

https://qz.com/1506759/moviepass-is-getting-desperate/

"If the company fails to comply
If the conditions that triggered the deficiency notice are not met in time, the NASDAQ will then send the company a delisting letter, which must be disclosed to the public within four business days.

There is an appeal procedure that a company can use, if it feels that it doesn't deserve to be delisted or if it can regain compliance in a reasonable amount of time. Once the company receives the delisting letter, it has seven days to request a hearing with the NASDAQ listing qualification panel to present its case, which postpones the delisting process until the panel makes a decision.

Unless an appeal is filed, the company's stock is halted, and then delisted after seven days. If the appeal is rejected, the company also has the option to appeal to the SEC or in federal court. The NASDAQ gives the company an additional 15 days to do so, but begins its final delisting procedures during that time."

https://www.fool.com/knowledge-center/delisting-process-for-the-nasdaq.aspx

HMNY had its opportunity to get in compliance and they failed to do it. Tomorrow is their deadline to file an appeal. Nasdaq has 45 days after tomorrow to render a decision. Due to the fact that they've already given HMNY all the allotted time to regain compliance, I see Nasdaq delisting HMNY ASAP.

The delisting could still happen on the 28th as initially planned by Nasdaq, but I think they will remove HMNY from the Nasdaq on January 2nd; the first trading day of the new year. Having said that, HMNY will begin anew on the OTC at the beginning of the new year.

LOL. All the Christmas releases will be available for viewing next week, and those will be 1am showings.

No one is forcing anyone to stay in this stock. There are PLENTY of them out there. As I said, I'm ONLY here for the SPECULATION of Hempistry and 23,000 acres...if that's not true, then I'm not afraid of selling and moving on like some are (FOMO). I could care less about all the other "endeavors". In this business, land trumps everything.

GL

Thanks for the post. If what's stated in the coverage by Chan is false then he too should be investigated; deal with Hempistry, 23,000 acres, etc. Other than that, I don't see how Sugarmade did anything wrong. It was the Tandon's who were charging for "unbiased" coverages and also trading on that info without disclosing it.

If you look at the historical quotes for SGMD from September and October (even Nov, Dec) the price action really did nothing...it's trading in the same range as today...even the volume is insignificant.

https://finance.yahoo.com/quote/SGMD/history?p=SGMD

I'm here only for the Hempistry / 23,000 acres SPECULATION. If it turns out to be false then I'm gone and I think that applies for a lot of others too. If it turns out to be true, that SGMD has a partnership with Hempistry and Hempistry has access to 23,000 acres, we're all (except the Tandon's) going to be doing pretty good.

GL

Market closes early today.

Shady Ted has until the 26th to file for an appeal (7 days from receipt of delisting letter).

Previous close: .0158

High of the day: .0157

Low of the day: .0125

LOL. That's basic instinct until company execs have time to think about the proper course of business. You won't recoup your losses. Face reality. Delisting is inevitable.

At what price...so I can point out your loss?

There was a gap down to .0125. Someone dumped hard.

Yet the company clearly reserves the right to change their mind, and decide not to appeal. An appeal might not be in the best interest of the company.

Everything is going accordingly. HMNY has been served. Come the new year HMNY will be on the OTCBB.

Delisted...drops sub penny...trades sideways at sub penny...a 20% 1 day spike after 6 months...drops back down to previous sub penny price...6 months later another 20% 1 day spike...repeat cycle until toxic financiers are paid off.

LOL. HMNY gets its delisting notice and all of a sudden it's due for an explosion. If it were that easy, every struggling company would do everything in their power to get a delisting notice. I never knew a delisting notice was worth so much.

"After careful consideration, we've decided not to file for an appeal and will thus be trading on the OTCBB come December 31st."

Be prepared to read a PR and/or 8k stating the above by the end of the day December 28th.

A gap up from .0158 to .05 is a 216% gap up. We are talking about a gap up, not a run up. A gap up (or gap down) pretty much always happens in extended hours. For this to gap up 216%, a person would be buying everything on the "ask" side of what's on the markets books. And what I was saying is that I'm pretty sure a lot of people have sell orders in "GTC". IMO, at least 1.6 billion shares are up for sell, hence me using the OS. And according to WSJ, the float is also 1.6 billion.

So for that guy to say .05 gap up, I just figured might as well be buying the whole OS/float for $82 mil.

Quarterly revenues and profit/loss are but then it's all tied together later in the report as per the example from their last Q.

"The Company has experienced net losses and significant cash outflows from cash used in operating activities over the past years. As of September 30, 2018, the Company had an accumulated deficit of $377,266,866, a loss from operations for the three and nine months ended September 30, 2018 of $86,414,887 and $320,785,739, respectively, and net cash used in operating activities for the nine months ended September 30, 2018 of $321,093,755."

A "Q" just doesn't focus solely on that particular quarter. That would be misleading if a company did that. It's like Q1 I lost $100 million, then in Q2 I profited $2 million. It's still a lost on the year of $98 million that must be stated.