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For those willing to buy a .0029 stock all day long without a second thought in anticipation of riding it to a penny, it's simply a mindset thing here. Still headed in a similar trajectory and probably even higher, just at a higher price per share. Think about it...
Just hit #1 on the Breakout Boards!
It's in the S-1 back in January at OTCMarkets.com.
Hey Art! So glad to see you here. This one will be a fun ride. UF
100M A/S
50M O/S
4M Float
October 17, 2016
Thanks for taking the time to post that. Very helpful to newcomers. UF
"There is a very real chance that we will expand well beyond our original planned square footage and we are awaiting word on whether this will come to fruition. The additional cultivation agreements that we are currently securing are in anticipation of that being the case. We should know by August 15th at the latest, but preliminary indications are favorable."
4M with the other 46M in officer hands and no preferred in the mix so they'll be holding to maintain majority ownership. UF
Five more trading days til Kaboomage!
Dollars Coming. GLTA UF
What if they come back with new square footage projections over and above the spreadsheet in the iBox? Holy Moly!!
I stand corrected. #6 on the Breakout Boards now...
Lighten up, Francis...
That's the next stop! Beyond that, it's blue skies for as far as the eye can see! UF
That number will reach 150 or better by the end of the month. Time and exposure. That's all this one needs. UF
Up to #17 on the Big Board! UF
If Mary's on your board, you've got a winner! Glad you're here! UF
From what I understand, these growers harvest anywhere from two to three times per year regardless of square footage and depending on how capable their crew happens to be. From what I understand, these guys are experts with years of experience. GLTA UF
Agreed. Have you checked out L2? We are poised for blue sky territory. GLTA UF
Check that iBox above. It's been updated. Thanks. UF
This is so far under the radar, it's amazing! People will catch on soon enough and that L2 is coiled and ready. UF
22K square feet being harvested now.
They're gone for the most part. This will run hard, it'll just take people a little while to realize that major resistance is out of the way. UF
CDEL gone from the ASK. It's go time!!
Not pumping. Simply looking at the future of this company. Perhaps they'll hire you as an advisor soon so that you can help guide them in the right direction. Thanks for your thoughtful comments. UF
That's incorrect.
1. The S-1 is not active yet.
2. It was put together when the PPS was around .13
3. There's nothing that says they can't cancel that one and execute another one at .50 if the stock is trading at say .60 and attempt to sell 4M shares instead of 20M.
4. There's no reason to think that all 20M shares would be sold if that were to happen.
5. Worst case of 20M still puts their expansion plan in place and most likely well over the 66K square footage previously announced.
UF
I was using 100:1 as an assumption. UF
The Future of SGBY as of August 1st
The true intention of a publicly traded company like Signal Bay is to create a business of integrity and to increase shareholder value by capturing as much market share as possible. The cannabis industry is still in its infancy to a certain extent and the cannabis testing market if even more of a new industry. There are new cannabis testing markets opening up every year and some opportunities are in states that many would not consider to be a “hot bed” of cannabis activity. There are some that have argued that California is “the place you ought to be”, but that thought process is subjective and based on anecdotal evidence.
What’s the first thing you do when you invest in a stock on iHub? Your Due Diligence. Without extensive due diligence, you’re more likely to lose money than make money. Well guess what…WW has an even bigger, more monumental task and that’s to do the due diligence for the entire company. For the last year, I would say based on the resources and finances available, WW and his team have done a spectacular job piecing together a company of integrity with a strong foundation and a brand (EVIO Labs) that will only grow in name recognition over the coming years. I’d say his due diligence has been spot on, so when WW decides to go into another state, some might question it, but not me. His track record is spot on. But still, some have asked, “Why Massachusetts and not more locations in California? I’ll tell you why… MARKET SHARE. Follow me here…
We know that EVIO Labs, through acquisitions, new start-ups and increases in revenue at existing locations is fully capable of going into a state and capturing 30% of market share; they’ve done just that in Oregon. The state of Oregon is expected to reach $24M in cannabis testing revenue by 2020. That’s a minimum of $8M for EVIO Labs. Remember that number…
Now let’s move on to state number two…Massachusetts. It’s no California, granted, but the cannabis testing market in this state, as WW is very much aware is projected to reach $30M by 2020. EVIO Labs has proven its ability to capture 30% of market share. That’s 9M for EVIO. Now we’re up to $17M. Let’s keep going…
Florida looks to be a licensing agreement of sorts and the revenue generated will most likely come straight off the top as a monthly revenue stream and some might say, “Well that’s no good.” BS. It’s a great project to have in the mix. If it proves to be an inexpensive way to capture market share in states where that approach makes more sense, then more power to them. Remember, these same licensed locations become great acquisition targets down the road once a level of trust is built and when existing ownership sees the value of becoming a corporate entity. This could very well be a great approach in several states due to licensing restrictions, permitting, limited access, etc., but let’s get back to the main topic.
California is expected to reach $176M in testing revenue by 2020. A 30% market share is $52M. Now we’re up to $69M. And if you think this company’s not planning to operate in Colorado or Washington State or any other state that is attractive, you must be smoking…well something. The point of all of this is that EVIO Labs, through the strategic approach of establishing locations across the country and capturing market share in multiple states is building out a national footprint and going where the business happens to be. Why not another California location or two instead of MA and FL? MARKET SHARE.
Remember the “Spoke & Hub” approach that WW has often mentioned? Now imagine around 10 or 20 of those across the country all mushrooming out over the next few years. Market Share…
Now consider this…
High Times Magazine has projected 1.4B in cannabis testing revenue by 2021. 30% of that, folks…That’s where we are headed!
I’m sure your next question is, “Well where’s all the money coming from?”
In the very near future, there will only be around 20M shares of SGBY available to anyone who wants to buy them…check that…there will be around 8M shares; the rest will be in management/officer hands and without any preferred shares in the mix, they’re going to hold tight over the long term to avoid not maintaining majority ownership. EVIO Labs with Spoke and Hubs popping up all over the country and only 8M shares available. Are you kidding me? If you’re not loaded up prior to the conversion, you’re going to miss out bigtime. Why?
There’s a certain type of investor that will not touch penny stocks or anything under a dollar threshold, but these same people do know the value of finding great investments in the cannabis sector. They’ll soon have one in SGBY…and only 8M shares in the float. BOOM!!!
That group of new investors could number in the 100s or more. Combine that with the true longs that have been here since last year and the new investors that have come on recently as a result of the latest awareness campaign and that tiny number…8M will look extremely attractive very soon to those three subsets of people. That float will get locked up so fast, it’ll make your head spin! Scarcity is a beautiful thing, my friend…
So think about this… A stock in hyper growth mode with locations in multiple states, new locations coming on line frequently, capable of reaching $100M? $200M? $300M?
Who do you think will find this powerhouse of a company to be attractive? Investors, yes…of course, but more important, financial institutions will salivate over this business. We all know that they look more favorably upon stocks trading in dollars vs pennies and are more inclined to provide the financing necessary to pull off what’s going to be a monster of a business. It will happen...
If you think 30% market share is unrealistic on a national level, you haven’t spent enough time learning what WW and his team are all about. If anyone can pull it off, they can. So let’s go back to that High Times article…
1.4B in testing revenue by 2021. What’s 30% of that? I’m not going to even do the math on that one; you can do it yourself to see where this is headed. It’s massive!! With substantial financial support, it’s also very doable.
http://hightimes.com/business/marijuanas-next-billion-dollar-market-lab-testing/
Think picks and shovels, folks. Everyone knows the story of those who labored in the gold mines & fields and made peanuts while the providers of picks and shovels got filthy rich. EVIO Labs provides picks and shovels for the cannabis industry. Think about it…
GLTA UF
“First, we were in Oregon, then California and now Massachusetts. Over time, through acquisition and organic growth, we plan to have a hub and spoke locations in every major market and to be the household name in cannabis testing." WW
SIX TRADING DAYS AWAY From one of the biggest news stories of the year! SIX DAYS!!! Buy what you can while you can, folks. As detailed as this closing is most likely to be, with SMP (JMHO) possibly being put into the mix, I would wager that Garett and Steve are going to announce ON the day...August 10th. That's a very short window to accumulate what you can and ride the wave with the rest of us. GLTA UF
Hope you make it. This is going to be a fun ride!! UF
Welcome aboard, Rooster! You're right. Currently trading at about 25% of it's current value and depending on the square footage that the company announces soon, all bets are off. It could very well push multiple dollars and soon! GLTY UF
Just picked up another 40K shares. My Spidey Senses are tingling. It's coming!! OMVS will be one for the record books!! UF
For those that haven't figured it out yet, SIGO looks to be increasing their square footage of grow space well beyond anything announced to this point which was 66K square feet. Double that? Triple? We'll see, but just a double puts this at multiple dollars per share if not close to $10!! CHECK THE SPREADSHEET IN THE iBOX ABOVE!!!
No brainer here. GLTA UF
Sunset Island Group To Secure Multiple Cultivation Agreements
PR Newswire
SAN CLEMENTE, Calif., Aug. 1, 2017
SAN CLEMENTE, Calif., Aug. 1, 2017 /PRNewswire/ -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the company is in the process of securing multiple cultivation agreements in order to facilitate expansion plans.
CEO T.J. Magallanes stated, "In the state of California, cultivation agreements are part of the legal requirements for cannabis producers. As stated in a prior press release, we are looking at approximately 66K square feet of total grow space as the first phase of our expansion plans. We are securing cultivation agreements to meet that target, but a recent discussion and potential favorable opportunity have pushed us to secure cultivation agreements well above the previously announced square footage. There is a very real chance that we will expand well beyond our original planned square footage and we are awaiting word on whether this will come to fruition. The additional cultivation agreements that we are currently securing are in anticipation of that being the case. We should know by August 15th at the latest, but preliminary indications are favorable."
CFO Valerie Baugher stated, "My role is to ensure that the company is capable of growing at a pace that is in line with projected operating capital and preliminary indications are that we should be able to expand well beyond the square footage previously announced. We look forward to sharing more about this incredible opportunity with investors on or before August 15th."
Mr. Magallanes went on to say, "These are exciting times for our company and there are so many positives in the pipeline. We have three more bits of exciting news to share with our investors in the coming weeks. We feel strongly that investors should find what we have to cover to be very favorable to their long term investment in our company."
Will update the iBox this evening. UF
Thank you. Glad you're here! Just days away from Boom Time!!
Every indication is that we're only a couple hundred K away from blue sky territory! GLTY UF
You got that right! Good to see you here. Spring loaded and ready for the big news! GLTY UF