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What are you saying? That SGMD isn't as good as Amaaon? That we should sell our shares and buy Amazon?
You will have to somehow come up with more legitimate reasoning to cause selling in this board to buy your .07 shares.
"the only reason bizrite agreed to this marketing deal was"
Don't need to read anything past that, because whatever you write beyond this is pure opinion. We don't know why they made the marketing agreement. But reading what you say anyway, it's just hilarious what you think you know.
mudpuppy has resorted to spewing out what he calls utter nonsense, desperate to be right about .07. He must be right, he will say anything negative possible until he's right about the price going down, so he can say "as I predicted"
2.1 million cost of goods
857,000 profits.
This is good profit for physical goods and if they can keep this kind of markup they will be very profitable.
Should be pretty obvious that operating costs should be high at first with all they were having to deal with such as the move and loading up on products and supplies, maybe some large expenses related to moving as well, who knows.
But you can't just look at a chart and cash flow and say that means the PPS will go in the direction that you think makes sense. That would be UTTER NONSENSE, far from the TRUTH of how stocks work.
Sorry I meant PM me your email address, sorry, I don't subscribe to iHub
Hey PM me if you want my sector data going back to May last year, it's basically my top 100 cannabis index
Volume spike! Looks like .01+ is very near
Likewise!
I did too at first, but knowing they would become current during these low volume times made me not very surprised at this price action. But I know for sure this low volume under .12 won't last long, won't take much to get this going.
Here's what I see in this stock, which makes it unique from other OTC mj stocks:
1) Revenues - now proof of largest revenues to date by far, soon proof of over $35 million annual revenues
2) Stop sign removal - Now there can be more upside, more buyers, new buyers, and whenever rally does happen, those Fidelity traders' orders won't be declined.
3) Hydroponics supply - In growing MJ sector without banking issues because they are not involved directly with cannabis which is still federally illegal and on a cash-only basis.
4) Potential for massive growth with all the new staff, including acquisitions and new products (as well as the already developed Budlife for which SGMD still holds a distribution agreement with the manufacturer)
5) Very low price
6) Verified legitimate functioning, and busy company and staff by investors here.
7) Sector bottoming out - MJ sector has been in a downtrend since the first week of January, so it's been 8 months of downtrend. Last year the downtrend started around May and ended in October, this year I believe it will also end in October or whenever volume returns sometime soon after summer comes to an end, but this time prices are much lower and there can be some huge gains, SGMD will definitely be one of the 90%+ companies with over 150% gains from bottom prices. If the sector is around bottom now, SGMD price might be around bottom as well. If SGMD bottom is .08, we will see minimum 150% gains from that price (.20), however since SGMD has high revenues, we will likely see more than 3x that during the sector rally.
Yea highly doubtful anyone will sell under .006 at this point, but we are still in the middle of summer, never know. I'm loaded up though, ready for .01+
I'm guessing the June 30 10q will post Aug 21-24, I was right about the last 2 Q filings except for this March 31 Q which came out 4-9 days earlier than I anticipated. I believe the review and sign process for this last Q was faster due to streamlined accounting for the quarter but that's pure speculation. If correct, however, it will only take 2-3 weeks to post the June 30 Q after it's completed. It's August, so I'm guessing that Q is completed and has already begun the review and sign process as of today. We may even hear about it. I think Monday is going to be a great day, we should see +30% minimum, just need a little volume to break the .10.
Yes trading was enabled right before market open through Fidelity
utter nonsense, more false information
You're still on youtube when the 10q is out?
Wow pretty much everything needs to be explained to you.
1) We were talking about the release of the 10q, which we were wrong about.
2) The 2.9 mil sales confirms the 30 mil annual revenue, they didn't start recognizing the bizright revenues until later in the quarter, not Jan 1. That revenue is for about 1 month give or take a week.
3) Taking care of employees is a good thing, and giving shares as a reward gives motivation to make the business as profitable as possible.
WE WERE BOTH WRONG
Even better! Anything sooner than Monday is early IMO
Anyone have any idea when the company should become current? More specifically, anyone know the status of the accounting, are the fins completed and being reviewed? How far behind are they? Looking for real information here.
Anyone have any idea about when the stop sign will be removed?
LOL mud you just keep going lower and lower with your "predictions". The only 2 things keeping this stock down is #1) the sector, #2) the stop sign. Selling is very dry, stop sign removal will bring plenty of volume to get us back into the teens and into an uptrend. Doesn't even matter if the next Q is a snoozer, there are other variables in stock price movements. Also the accredited investors got restricted shares, all companies sell large quantities of restricted shares at discounted prices, doesn't mean common shares are worth that price and will move down to that price.
Watch and see
I have nearly 1 million shares now. If someone decides to dump into the 005's I'm going to increase position 500k shares. Scary but I'll do it, this will move up 500% or more this year when the sector moves. We won't even need much volume to go over a penny, the volume lately has been ridiculously, hilariously pathetic between all these MJ stocks! Today 3 of my larger positions had 0 or nearly 0 volume for the first hour!
1 more week, boys! Have to wonder, how low can this go in 5-7 trading days? Because we're flying by next Friday. I bet we don't go under .085
Not buying what? I don't believe anyone is trying to sell you on anything. And they have said the product had positive results, nothing more. We simply don't know what's going on with Budlife right now, my guess is it has something to do with the manufacturer, Plantation corp.
He's just saying he believes Bizright would not have made any deal with Sugarmade if it wasn't for Budlife. He believes Bizright thinks that product is a game changer, and even though Sugarmade is a small company they have the license agreement for Budlife. I agree with him, I think Budlife is absolutely huge and can make $h*tloads of money, wish I knew what the big delay is all about. I think we will hear more about it in the coming months after they are 100% current and can PR more things. I think they are on thin ice with the SEC until they are current so they are extremely limited on what they can PR about.
Why has there been 0 volume in last 35 minutes? Only volume was first 2 minutes of market open.
No idiots, it's happening sector wide even with all the good companies. Still doesn't explain why so many prices are going so low but it's normal now. Waiting for 005s to load more
I agree with 95% of this. Only thing is you said
"and very close to finishing March's quarter . If they finish in August that will be 5 months behind . Once the Financail are are this close to being finished the stock should get a double"
They are finished with March's quarter. They said so in their 8k release. Their auditors should have started the review and sign process the day the Dec 31 Q was released a couple weeks ago. This means the March Q should be out sometime next week as long as there is no more difficulty in completing the review process for this Q. Actually it should be simpler given that a portion of the quarter was after they upgraded their accounting software. But I think the amount of time to complete the process will be almost exactly the same - about 3 weeks.
Also after the March Q is submitted, they will be moved to limited information on OTC markets, no more stop sign. I believe the price will double after this, before June is released. Fidelity customers will finally be able to buy, and buy much cheaper than they wanted to originally.
I was thinking the same thing today. Almost no buyers today but selling was very weak compared to the rest of the sector, which was down bigtime today
Also for those who don't know, I have confirmed with OTC markets via email that the next 10q for period ending March 31, 2018 will move them from no information to limited information, meaning no more stop sign. I believe the June 2018 Q will move them up away from limited information to pink current but probably depends on when they file it.
Also, if you don't already know, Fidelity and I believe at least one other broker has not allowed purchasing or transferring in SGMD shares since last December. Their system that disallows customers from buying pinks with stop signs automatically enables trading once the notification is sent to them from OTC market, which I believe is also automatic. Fidelity is a huge broker with low commissions and they have brokerage link option for retirement accounts for people to trade their own money. I do this myself with my 401k through Fidelity with all the same OTC stocks as my regular Fidelity brokerage account. It's pure speculation to say that there will be a load of Fidelity users that will will hop in after the next Q posts, but it's definitely a possibility that one or 2 people out there are waiting to drop $100k + as soon as it's allowed, maybe enough to really spike up the price and create an uptrend. Enough volume and %gain will gain attention and start a hype rally on this company that had high risk and stop sign to one with 30 million revenues and growing.
If you're waiting to buy or load, best of luck getting 15-20% cheaper than this price in order to make a potential 300%+ from current price.
Just FYI I'm not exactly trying to pump the price but in full disclosure I'm fully loaded now unless we go lower than .08 and I believe we will be over .40 before the end of October.
x100xPercent
Last 10q releasing as soon as Monday but most likely sometime during the following week (Aug 6-10). This is my speculation based on the time it has been taking their auditing firm to finalize the review and sign process with the last 2 Q's and also another companies' auditing firm took about the same amount of time recently for theirs.
I'm loaded up again. This will be .009-.01 VERY soon, we are mainly down due to the MJ sector being down (90%+ MJ stocks down 30-70%)
Haha it's the truth, anyone with eyes on the entire sector will know, but most people only watch a select few stocks and are blind to the big picture. Don't worry mud, you will learn
News about MJ legalizing and other similar news positive for marijuana effects both US and Canada. It's not really about company fundamentals as much as it is just volume coming into the MJ sector as a whole. No doubt there will be more buying in the Canadian markets with Canadian news and maybe higher gains for some select Canadian companies, but such news will bring volume into the entire sector and be good for all stocks even if they don't have any real or direct way to benefit from whatever law is being passed.
If you see it more simple such as this way, the decline in MJ stocks that has been going on should make more sense to you as well. The market moves when there's volume, and most stocks within the sector or on that exchange will be affected by the overall volume. Even the best companies with best potential/growth/revenues or whatever are completely slave to the market and the economy.
Lots of good stocks are down to either new lows or previous lows after being much higher. Examples:
SGMD - Down 34% since June 1
FRLF - Down 52% since June 1
OWCP - Down 33% since June 1
LVVV - was down 47%
AXIM - down 36%
RBII - down 41%
POTN - down 39%
TRTC - down 31%
DPWW - down 56%
CVSI - Up 77%
I can go on and on from my list of 100, bottom line there's only about 10% or less of MJ stocks that are up this summer, if even that. With low volume in the sector, you get more consistent selling than buying, and because of that almost every day there's more selling than buying in the sector which is why most stocks are being affected. Fins will boost SGMD before the sector turns around, which I'm estimating will be around the same time as last year - after summer.
They don't "mention" USMJ on the website, that's just an article that SGMD was tagged in and talked about for their positive comment related to Trump's statements that day.
This is very low volume for a 17% drop. Bids will come in, .12 is too low at this point in time, under .10 is ridiculous
Most penny stocks especially MJ stocks are down, Livewire's pps is about average on pps loss compared to other companies. Fundamentals are not the reason for the price decline, low volume and sector downtrend is, less than 10% of these OTC stocks are surviving the downtrend and excessive selling the past few weeks
Both of these statements are unaccurate
Depends on if the sector is at bottom. The overall stock market is keeping MJ stocks down and they are all hitting new short term lows. It'll take some big buying volume or some other force to kick an individual ticker's price up and continue up if the sector is still coming down. Breaking news or some other catalyst for a single stock may be the only thing to see some real green that holds. Also breaking news for the MJ sector that hits nationally may be the only thing that will kick the sector up before October.
The LVVV chart looks nearly identical to most companies out there, about 50-60% down from recent highs. Nothing different here, it's a normal, average decline when you compare to dozens of other companies, many with revenues.