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Valerie states herself and in filings there are over 50 million outstanding. Just because their shares are locked up and unavailable for the float means nothing. If company sold they come into play. Otherwise you are saying if company sold then only the holders of 4.7 million shares get money. Totally wrong!!
Yes the MM's have been in this from the very start. Probably trying to grab shares now for another flip before news comes out. A stock like this is easy for them to control somewhat with their paid pumpers and bashers and shorting then the cover to start another run. Myself I use them in the same way they are trying to use us. At this level it is safe to grab some as the expansion will put this well over a buck again.
To me that is wrong information they display!! Their shares held come into play if this is sold. If their shares do not count or matter then why is this not ten times higher than it is now?? We are at this price because the market does factor them in. It is the expansion and increased revenue that will drive the price higher from here. At the moment there is no catching up to do until the fat lady sings and news on the expansion comes.
If this company is sold for example then the shares locked up are included in the mix. They state themselves that there is over 50 million outstanding and they own most to hold control. How else are they going to profit if they expand and then flip this company if they do not own outstanding shares?? There are 100 million authorized, little over 50 million outstanding and what 4.7 floating for trading that are expected to increase to 7 million once the expansion is complete. In any market cap calculation the total outstanding must be used and not just the floating. So it is fully valued here at about 70 to 75 most until production and revenue increases. It is the rate at which they are expanding that has me thinking that we should do quite well and break free of this level soon.
This is my take on it. I own a fair amount of this. I think it is fully valued here at about 70 to 75 as there is really over 50 million shares outstanding and not 4.7 million as some say here. The 4.7 is the float only but one must consider the rest to calculate market cap as these shares are outstanding just not floating for trading. So once the expansion kicks in then the numbers change and up it goes from here. The fact that they have gotten in to bed with Wade on this does not make me feel warm and fuzzy but in the end money talks. As long as they keep a leash on him from trying to grab the profit then this should do very well as the expansion progresses. The market hates Wade and this will trade at a discount because of him but at full expansion the SP will have to be much higher.
OK I can buy that. Not like they can run to the bank and get a 2 million loan. With the expansion those shares will be a small issue compared to the growth and profit. They are moving fast on the growth and expansion. Got to like that. !!
If they have to sell the rest of the 20 mil shares to fund growth then sell them slowly into the market instead. This would not hurt the stock price at all if a share was sold at 80 cents say and that money then put to work to make double, triple etc. with it.
I agree with you on that and that the stock price will rise but be at a discount because of the B share deal as they could pull that again and shoot themselves and also us in the foot. However with the expansion they should get back to testing the recent high as it ramps up.
Did my part and put my shares up at 30 bucks so the MM cannot borrow them for shorting. I own 1.5% of the float. GLTA
The guy that was not on the phone was the MM sitting at the computer doing the trading for them. he told me that he could see every order and hit your trade with a click to fill it before anyone else could. Thats why they kept you on the phone when you did it so they could watch for it and hit it in an instant.
listen everyone GravyTrain1968 and I are only trying to make you all aware that a MM is trying to play this and warning you all not to get suckered by them. We were both conned by them at around 3.50 but we both bought a lot more near the bottom once we knew the company would succeed. Now we are both in the green on this and this MM will shake the tree when they can to get your shares. They have a long list of people they scammed and on the phones again to them now but this time to sell not to buy. We just want to help the board and make you all aware of this. I have learned exactly how they are working it. Look at an earlier post of mine. I have predicted two of their shakeouts bang on now. Use them to buy if you like but don't let them panic you into selling to them. GLTA
Mine was a different guy. I could always hear when he called that there was a whole gang of them in the back ground on the phones calling people. He had told me once that the average person only bought 500 shares and some 1000 and few greater than that so it sounds like they got thousands of calls to make. Every drop down or bump up they then get back on the phones again to any still holding out from buying or selling as the case is now.
I wonder what story they are telling you as a reason to sell now when they had said this was going to maybe 20 bucks ??
So GravyTrain1968 what line is he giving you now as a reason to sell your shares?? If you did then he would want you on the phone as you place the order so they can grab them before anyone else. Not hard to tell that they are scaring some into selling to them. They put up 100 share asks then tell you to place your sell at a penny or too more. Then you say great I am going to get higher than the ask. This is just so it stays there long enough that they can grab them before others do. Too bad the ones selling were not watching the board here and so would be wise to them and this sleazy tactic.
I wonder if it was the same one who called me? Would not give me his cell number back then. Bet he would now though if he knew I had shares.
With the size of the blocks being 100 share blocks pushing it down it is not hard to tell the MM is at work here. Sounds like they are on the board here too. Or could be others wanting in. Lets keep the door shut on them and make them fight on the way up for their shares instead. They won't be getting mine.
Backstabbed your right on. I know the MM wants the shares as they were calling but told them I already sold. But actually I bought more !!
Yes this is gonna work out perfect for us I think. Sunset has pulled it off so far and if they continue then it might just turn out to be the best stock I have ever bought. We just got to give them some time.
Yea the MM is fighting a losing battle here with the tight float. It had sounded like to me that they were pushing for a forward 10 for one split a while back as they told me but Sunset did the opposite and kept our best interests in mind as shareholders. Gotta love that !!
The MM told me it was going to 15 to 20 when they were unloading at 3.50 and by God they were right. Just had their timing off a little. But you are right with your post. Earnings will dictate the price in the end and that will take a while to unfold. I can wait!!
Maybe he is working for the MM trying to help push it down. They would definitely be here or at least watching this board. Thank you MM now I am going to make a lot off you instead. Love your hot tip on SIGO for sure.
Told the MM I had dumped them all at a little over break even to play something else. So far so good and no more calls. Anyone else out there that had bought at around 3.50 then averaged down do not let them sucker you twice and sell them back to them. This is going much higher once they get the ducks all lined up. GLTA!!
I am expecting it to stall here and the MM try another shakeout. Then up it goes again when the production plan is in place for the 66K sq. ft. or they get the 230k sq. ft locked up in agreement. The kitchen for edibles and any other news is just a bonus.
Dam I said the MM would do that and I was right. They want the shares back and calling all who they sold it to myself included to sell and take profit. NO WAY !!! I did the same as GravyTrain1968 and got my average down to less than .40 Yes it is a MM out of New York. Just not sure if they are trying to play this on their own now or still working for the guy who bought the float and hired them to sell it for him. They try and keep you on the phone and tell you what price to bid or ask at. Soon as you do they see your order and dump to you or now try to grab them back as they now know it is going much higher as this unfolds. Hold on folks. GLTA
Have a great day Pennywiser.
Hope you get in at the price you want.
No news on Monday then it should start slow but once it breaks the buck mark it will stall for a short time only before it pops again to distance itself from the buck.
I know you already know all this so good luck.
Hi. Have a garlic farm to run and it is harvest time but should be around as I am just as anxious as anyone else about the news. Have a great weekend yourself.
Hello Pennywiserr yea I would just buy in as it is set to run here. I finished loading on the MM dip at 71 and will just hold now till they have fully expanded production before I sell any to get my seed money back. There will be another MM dip after the news run for sure but now is a better price I think. The MM will push it higher then it should go to flip and buy back. Was a little surprised at the 51 and did not think it would go that low. I am only using level two and they see all the bids and asks for the advantage. Now the big question is how high is too high where the MM will shake the tree again ?? GL to U
There are pumpers and bashers everywhere. Just do your own DD look at the numbers and filter out all the noise. I agree with UF on where this will go as long as they pull off these deals. Been watching this since February when the MM first called me about it. I simply said prove what you say and I will buy in. Like I said it was just two people pounding the pavement back then. Did not like the fact a MM was involved back then and still is but because Sunset is now pulling this off I do not worry about the MM now. They can do nothing but help push it up now as the tide is too strong with the events unfolding. The MM will be the biggest player flipping this on the run ups dumping then playing a push down to buy back cheaper shaking the tree as we just seen. UF like myself is just watching the numbers and we like what we see. GLTA !
Earnings to come out on the 23rd of August. Should be good enough to put this up 25 to 50% before profit taking really kicks in. Do your DD but its going back up for sure I feel. Management means everything and these guys are good !!
Somebody had asked a day or two ago why they were at 10 bucks. I will explain it. Back when the float was sold and the MM was hired to sell the shares they tried first for 10 bucks. They came up with their elaborate story and tried to sell it at 10 but got only a few takers. So a few got suckered at that price but they were not moving the shares with any volume. So then they revamped the story and dropped the price to 4 bucks. Then finally they started moving them. As they got near the end then they unloaded at 3.50 sold a bunch down to 2.80 then tanked the stock with the remaining few they had left to get rid of. One of the guys working for the MM told me this months ago.
Now they had no idea that the company would ever be successful and did not care as they were making a huge commission and bonus selling them. Enough people were involved that when it was finally realized the company was going to succeed and we saw the price run up then the MM or others wanted back in and why we saw the shakeout the last day or two to grab what they could. I hope nobody panicked and sold as I did warn this was going to happen.
Now they are going to help push it up to unload and this shakeout will happen again. Their only problem is that the float is so small that as more learn about Sunset and the shares go to stronger hands then the MM or others will lose their influence in controlling the price to any degree. That is becoming evident now. Hang in there folks.
I would think 5 might be reasonable on three conditions. One that they get the room to expand. Two the kitchen news for edibles will help. Three a news letter write up to alert others of this.
Agreed UF. Safe here and if they pull off the larger sq. footage then I wonder where it runs too.
The MM did say it was going in ones like Motley Fool etc. to promote it if you can believe them. But it would make sense if the company had a write up on it through some investment news letter.
Yea today should be the last day for shaking the tree. Then up we go again.
It's the MM playing this. They got the numbers of everyone they sold to down to 10 and probably calling them to advise selling some today as they try and grab them back for the run up. At the time the MM sold it was just two people pounding the pavement trying to get a business up and running. Now that Sunset has done it the MM wants them back for the run up. They sold most at the 3.50 range so to buy them back here is another huge profit for them.
Good buy at 51 even the 80 will still make lots. The MM uses level 3 and sees the opening for the push. Probably telling clients to lock in some and buying them up for the news. They will help push it back up when they are finished.
Picked up another 15k shares today with 10k at 0.71 so I am finished loading up. Now wait for the news and for them to get the expansion done. The MM I see is back playing this one again today and trying to shake the tree a bit. Not hard to tell they are here. Same old tactic as before but at least this time they will be playing it in the up direction.
I never put a price on it till the fat lady sings. If they pull this off then she will be singing up a storm. Then I will think where it will go to. So far it looks like she is clearing her voice and getting ready to sing out loud and clear!
boston127 it never hurts to take a profit. Always a good plan. There are hired pumpers and bashers everywhere and they need the news to help push it higher or lower. This one is in play now on the way up. One has to do their own DD and filter out the noise as in the end it will be earnings that dictate the price. I have my own predictions on this and feel it has room to run as the story unfolds. If Sunset can pull this off then it can go much higher. But when you put your money down watch it close.
GravyTrain1968 CAUTION !! I got a call from the MM a couple days ago but did not answer it. So somehow they are still involved in this. My guess is that they still hold a few shares and will try a shakeout on the way up. Dump or try and hold the price to scare others into selling to them then pump for the ride up. Should happen soon so watch for it. I plan just to hold through it as they cannot have too much effect at this point. Cheers!!
GravyTrain1968 good that you did that. Glad to hear it and good for you. My friends and I own 2% of the float and do not plan on selling any for quite a while. I am sure there are others like us that feel the same way so when you think about it the float trading is much smaller than one thinks.
Here is what I know for sure.
There was a market maker out of New York playing this one back during winter and spring. They were selling the stock in the 3.5 to 4 buck range at that time. They said they were working for the company directly to promote and sell the stock for them.
I contacted Sunset Island Group and they told me that they had never heard of them or ever hired them.
So from what I can gather Sunset had sold 4 million shares to someone for a lump sum to get the company going. The guy that bought the shares then hired the Market Maker to sell the shares for him. The MM lied and conned everyone they could into buying them at the high price. Then once the shares were almost gone they dumped the rest and tanked the stock as their usual routine. I have names and numbers of some involved and spoke to them as well. Those are the facts.
That all said in the end Sunset Island Group pulled it off and did get the company going. If the ones who bought back then still hold then they will get their money back and even make on this. I know some of them. I had bought a few myself but dumped quickly when I realized it was a MM con. I waited and watched and bought back 5 times the amount near the bottom when I realized Sunset would succeed.
That is all water under the bridge now and the stock price will run to what the earnings will let it go to. Much higher from here. GLTA !!
The second news could be that they plan to list on a more reputable exchange.