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This low volume is exciting. Look at any daily chart and see what happens to this stock after only 1 day of low volume at 15-30 day low price. This should hit at least .0028 tomorrow, but likely .0030 or higher in next couple days. After that it could come back down, go higher or whatever but short term this looks good for holding the double bottom at the year low of .0021.
Not talking about plans, or land purchases, or growing. But the actual sales of anything with THC. These sales must be done with cash because it's federally illegal and there is no banking for it. I don't know what CEO's of companies are doing about the books on this, and no doubt they cannot say what they are doing, but it's my guess that those numbers may be kept off the books for now.
Maybe because pot is still federally illegal
Funny how everyone starts pointing fingers at the company and calling scam/fraud as the price gets lower. Market makers are doing their jobs well by scaring investors. Absolutely nothing abnormal about today, SGMD went down testing 1 year lows just like some others, most all otc stocks in the sector have not grown there past year. A couple weeks ago the outside went to .05, nobody was calling fraud when that happened, and things were the same. OTC markets probably gets scam reports every day, 99% of the time when a stock price goes unexpectedly low. Things are taking time, until then you should expect unpredictability. I warned this board a couple weeks ago that rallies in otc stocks are not lasting, that the price would return lower. This pattern keeps repeating because market makers are controlling the price to their advantage, so never assume any reason for any price movement whether up or down, you will likely be wrong.
The sector always pops during fall. Then down again before December.
That metaphor may be true, and other things people are saying here about the company may be true, but if you look at the 6 month chart history, you will see it's crazy to not at least begin loading at this level. This is a pretty volatile stock, and in my opinion is only going down because more than 90% of similar companies are also going down. This is how this market and sector work (OTC cannabis/cbd). It's obviously controlled by market makers when volume is low enough, so they push all the stocks lower so more money can be made later when there's more people buying.
Hit .0021, exactly 1 year low. Gonna go up from here or make a new 1 year low?
90% of cannabis/cbd/hemp OTC stocks are down today, huge down day for the sector. Great buying opportunity for many stocks. This is gonna rally up 30-50% in coming days I think
Thanks! Luck might help
Hasn't tanked yet, don't think it will but as I just said, if it hits .0025 or lower it'll pop back up and start a rally. 6 month chart shows just as much green as red, this stock is easy to make money on if you're not making emotional decisions
This is going to pop again real fast if it hits 0025. If it doesn't, it's gonna pop real soon. L2 is too thin and volume is too low, that's why I love this stock, this is the way it goes. Better put in your orders
Did they break the law?
What I took from the time between those PR's about recognizing revenues and shortly after is that during the audit, Jimmy learned the acquisition had to be 100% complete to be able to recognize the revenues, which means not being in debt but having to pay 100% of his end of the deal (cash and shares). He probably thought he can pay it over time. I don't know how old he is, but I'm guessing he's young or just new at all this and learning as he goes, and mistakes will be made along the way. Things can arise in an audit and now he knows what must be done and is working on it. Being overly optimistic is one of my flaws as well, so I think I understand the situation correctly. Anyone agree?
Only $100.00 sold at 0006 so far, 1 year low.
And APRU + RSHN
How many pot stocks do you watch? I'm guessing not many, because they are all behaving exactly the same way
I believe audited financial statements are required with minimum revenues as a partial qualification for uplisting to a major exchange
Funny the way these stocks go... over a year ago, this thing flew from sub penny to .028 when the company first mentioned Cannophen, and now it's become a reality and the price can't hold .004.
Thanks so much for the .0031 fills. This is ready for the next rally which is more likely every time to go even higher.
I think that person dumped the shares because he got the money he wanted.
LOL I got a .0131 fill, thanks.
Horses? Did you read the latest PR? It's a property for growing cannabis. And they already have a license for it, as well as a distribution license for Coachella. No horses. And, I've been to that area, it truly is historic land, a lot of history behind all the land out there that William Hearst owned and I think it's quite impressive he was able to purchase that many acres of it.
Bill Hodson has a lot of money. He doesn't need to dilute the stock to finance operations, so in my opinion we have nothing to worry about. If you watch over 100 stocks in the cannabis/cbd sector as I do, you will see that over 90% of them are down to new lows over the past year or so. The sector has been terrible, and many good companies are down much, much more than LVVV. Be careful if you decide to sell, I think odds are we don't go much lower - although i'm hoping to grab some cheaper shares I don't think we will see sub-penny.
I don't see sub penny either. But I do see a new low coming before the big rally from reported Bizrite revenues. Most people can't take into account something because they don't watch the market cbd sector closely... and that is that there's just not enough buyers out there the past year and a half. More and more companies in the sector are coming out, there's just so many stocks out there and not enough players, so the result is a daily drop in the mj index. This drop seems to "catch" over 90% of otc stocks. Many of them must r/s and dilute to keep QB status, to uplist, or to finance their huge plans for getting to the nasdaq. Doesn't make sense that the mj sector keeps falling, when it should be growing with all the legalization constantly happening. Until there's a major rise in the sector, which I have not seen since December, 90% wil continue to fall and the way things are going with sgmd, they will likely also be part of it.
Yes a rebound will happen, as it always does with SGMD and with most stocks. Problem is that it's hard to tell when and from what bottom. We may skyrocket once large revenues are reported, but we could be sub penny at that time
Connect me if I'm wrong, but there are many requirements to uplist to a major exchange. I believe revenues must be an audited 70 million minimum, along with the $4 or so share price. So uplisting is probably at least a couple years away. It appears the sustained minimum share price may be the bigger issue for uplisting given the share structure. However if they do report stated revenues as the next 15 months go by, the share price could easily get up there, then at that time if all they need is to hold a given share price to fully qualify for uplisting, they can do a R/S. But of course a RS can come for many reasons much sooner.
1.4 million share buy just now at .02
Yea nothing makes sense right now with most of the pot stocks. The sector overall is just not doing great, not enough buyers. I just sold my large position here and bought a pot stock that announced a contract for over 100 million revenues, and market cap is still less than 25 million and up only 30% for the day. Should be buyers here, buyers there, buyers in the sector but people just aren't buying.
Today might be a day for the stock like Jan. 3, which saw 56 million volume and about 90% gains.
Now exceeded 6 month high volume in the first hour and a half. Hopefully the MM's let it ride today or tomorrow. I believe this is the start of a major run. It has to be, this revenue is higher than any other penny stock that I know and even at 50% gain for the day we are still only up 100% from dirt bottom.
Where's all the excitement?! Market cap is like 25 million at current price! They will make over 115 million in revenues with a very large profit in 15 months! What other penny stocks have any contract for revenues that qualify them to uplist to the NASD?
This contract/deal is making singlepoint a 100 million / year revenue company, why is this struggling to hold .02?
Watching this closely today. Looks like panic selling, overselling in the short term after much long term overselling. I believe we hit bottom at .05 just now. I sold off a stock I've been holding all year to buy more of this, I hope I'm right! But if it goes lower, I think it'll bounce up hard and we will be over .07 quickly
The market cap at current price is only 45 million. That is very low for a company with 25-40 million revenues from such a great product.
Thanks 80 bluechip for this insightful response. I agree with everything you say as possibilities. I've decided to hold my 20 million because I don't know if I can double my money trading it in other stocks faster than I can sell at 0002's. Also once 2's disappear, 3's might get chomped the same or next day, so it's too risky to sell at 0001's IMO. This stock has hurt me more than any other in my 3 years of trading, I really thought this would bounce back up to .0020 at the time, so I kept averaging down even on my other accounts (401k, family accounts). So I just really hope there will not be a R/S and things turn positive once they are able to give us news. Thanks again.
Everyone seems to care so much about an uplist. Unless it's uplisting to NASD or NYSE, it won't help the share price. I watch over 100 OTC stocks in this sector (pot/cbd/hemp), and over the last 3 years every pinksheet that uplisted to QB hasn't had a rally due to the uplist, in fact most of them decline in price after uplisting. My guess as to the reasoning for this is that people seem to expect a rally on news of uplist, and it doens't happen, so then they sell. Better start hoping for some better news, something that has to do with making lots of $ (uplist, acquisitions/purchases, license grants will not create a rally IMO.). I think the most likely cause of a rally at this point is if the share price goes under a penny, that will attract buyers and possibly create a rally to go close to .02.
Hi, just checking in, still holding my 20 million shares at .0008 cost. Can any ambassadors tell me if the program is still going, and if the company is still selling product? I see something about pending orders? No news from the company, but also no dumping for quite some time. I'm guessing the company can't spend money on any official PR's (I read they cost $500 each), and I'm guessing the company is on thin ice with the SEC and maybe can't release any news. Am I right?
As long as someone can verify the company is still running the ambassador program, there is still hope IMO, please inform me. Thanks!
x100xPercent
One person bought 15 million at the BID @ .0040. Seems to be holding in mid-high 30's though this time, might be heading higher.
My point is that $40k is not much money to some people. There's no way to know how many people created this rally and the one like it a couple weeks ago, or who sold their shares. When volume gets low, like it has been for months, at a low price, such a stock will be very volatile.
There's a lot of people out there with $50k+ brokerage accounts, many people with $100-500k accounts. It only costs about $40k to buy all the shares from .003-.004 and cause other people to buy on top of that because it looks like it's going to fly from the "huge" volume. But this 25 million volume isn't really huge volume. So that one or two people that bought a bunch of shares sees they are up 20-40% in like 2 minutes so they dump it all. Then there's the 100-200 people watching that are too scared to spend $10-50k to get the price back up like the last person, or simply don't have deep pockets to buy back at the low prices. So volume goes back to very low for hours or days, people get mad and there's more selling than buying again. Then randomly someone days or weeks ahead spends tens of thousands again to rally the price again, rinse/repeat.
It's gonna go back down. Many stocks have been popping recently from new 1 year lows, but the rallies are not lasting. I'm expecting to see .03 and slightly under today or Monday.