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They are called PARTNERS, SILENT PARTNERS, PRIVATE INVESTORS, VENTURE CAPITALIST, ASHTON KUTCHER, what ever the F you want to call them.
If your business is making money hand over fists, there are always people willing to lend you a private stake to reap the rewards.
It is an easy pitch, "Don't you watch SHARK TANK?" For F sake.
"Invest in us now so we can reach a certain goal to expand, for which we will give you a certain stake in the company."
Those that have NOTHING or can prove NOTHING don't seem to get very far in real life or on the show.
By BANK, I meant loosely any lending party of any sort. Which makes my point still VALID.
SGMD needs to put up or quit ripping off investors.
You would think a company making tens of millions of dollars in the Sacramento CA area would have a few more reviews than 2 on YELP.
And how in the world are you making all that money with all that competition?
Seriously?
It seems anyone, everyone and his brother is delivering weed out there and based on your reviews, you can't even do that right.
How are you going to keep up in a market like L.A. when you can't even get it right in Sacramento?
Anyone see any flaws with this plan?
How about the FACT that WEEDMAPS.com has other delivery services in the Sacramento area with hundreds of reviews and BUDCARS has 58.
If this doesn't smell like a scam, what does?
PEOPLE WAKE UP.
WOW! Check out this IMPRESSIVE rating of BUDCARS from YELP* in the Sacramento, CA area.
An IMPRESSIVE rank of 82 out of 104 and a RANKING of 1 STAR
On your way of dominating that market, LA here we come.
Can't wait.
I understand completely.
BTW: You have a lot of BALLS for hanging in there.
But for this company it is now "PUT UP or SHUT the HELL UP!" time.
NO JOKE.
This company has been a joke for years.
The CEO just doesn't understand the PUT UP part or the OR part.
Don't talk about the money, show INVESTORS the money.
Genuinely rich people don't talk about their wealth, they invite you over so they can silently watch you bask in it.
Let the investors bask.
That sounds completely logical and all.
Except they can easily buy back the stock right now...if everything the CEO says is true. What is one million dollars if they are making tens of millions of dollars. 10% of good faith would go a long way with investors and banks to prove years of running this company into the ground.
If banks don't or won't invest in this company why should a new investor invest in this POT hole. Get it, POT hole.
Maybe if the company took their stock price seriously, maybe others would too.
Food for thought.
Based on the news, you should be seeing RESULTS NOW, I mean RIGHT NOW!
Not by year end, are you kidding me?
They want the price to bump up so they can DILUTE more of your money.
Let them put their OWN money where their MOUTH is, then you buy after them, not beforehand.
Is it just me or are a lot of penny scam stocks run by CHINESE scam artists?
Now imagine if the company just invested only ONE MILLION dollars and bought around 300 million shares and took them off the table.
Or something in that order...as a small gesture of good faith.
That would be a step in the right direction, now, wouldn't it?
If they are projected to be making tens of millions of dollars, this could be easily accomplished based on the CEO's own words of enthusiasm.
It ain't going to happen.
IN FACT, if it was going to happen, it already would have happened.
A NEVER ENDING CHASE to see your entry price ever again as the stock chart of SGMD proves.
Exactly....why isn't SGMD in the .006's by now?
Read between the lines people.
If a company is diluting and plans to keep diluting, they will NEVER buy back their own shares.
WHY, because they would be wasting their own money?
If you are a CON MAN, are you going to put up a million dollars of your money just to dilute the hell out of it in the next few months? HELL to the NO, you've got living large bills to pay. It makes no sense to do so.
That is why you hardly ever see a penny stock that is supposedly making tons of money buy back their own shares.
HERE IS THE CYCLE:
COMPANY pumps out news that seems spectacular.
PUBLIC gets excited, buys into scam.
PRICE goes up, hopefully way up for company.
COMPANY sells hundreds of thousands of shares on the market so they can live large.
REPEAT (this has been going on for over eight years with SGMD and seems to be the new en vogue thing to do with penny stocks.)
What is easier, scamming investors or actually working and trying to make a company profitable for shareholders?
In order for SGMD to switch course, the company has to do a complete 180 and start doing what legit companies actually do, work for a profit.
In order to do this, they would need to prove to investors they have done this. Such a way of proof would be to buy back their common shares and take them off the market.
Or file bankruptcy and start a new company and then start the cycle all over again or sell the current company to some other company...but more than likely the company is a sham...so who would want to buy it?
LEVEL II indicates that there are old bagholders trying to get you to become a NEW BAGHOLDER of their old bag of worthless stock.
As price action shows today....
There is a lot of lipstick on this pig.
Who likes lipstick?
BAGHOLDERS love lipstick.
Why doesn't the company announce they are buying back their common stock if this is such a great stock to own and they are making money in the tens of millions?
The COMMON stock is worthless and worth less than toilet paper, of course the CEO doesn't want to convert his stock to common, duh!
WAKE UP PEOPLE!
BTW...the board of MCTC have all something in common, they are all part of POT stocks known for diluting their shares. LOOK at MCOA stock price over the years or NUGS. WHEW, talk about a bunch of horrible looking charts, just like SGMD.
IMO, these are just a bunch of crooks colluding with other crooks on how to get your money into their back pockets.
It's bad enough one company does it, but then they collaborate together to rob the common shareholder.
They should all be put in jail.
Funny you mention that...
I found this today
GREATER than a 75% Chance of Going Under
It MEANS everything if you have a CLASS ACTION lawsuit pending.
And the price of OIL is at an all time LOW.
Neither of which is tied to the stock price of SGMD.
Yes they have, especially this one right here.
8k - "Additional equity financings may cause further dilution for existing stockholders."
Don't quote me, this is SGMD's words, not mine.
the LION ROARS AGAIN?
Really?
This stock has had more DEATH gurgles than all the soldiers in "SAVING PRIVATE RYAN".
When did this stock ever ROAR?
3 GOOD MONTHS out of 96 months is all SGMD has been able to produce in EIGHT whole years.
Technically, SGMD has had ZERO good months because all the price did was snap back up to the averages and then it IMMEDIATELY snapped DOWN and continued its descent ever DOWNWARD.
Just like it did on the 16th of APRIL this year.
PATIENCE here does not equal any type of $$$$.
Seriously?
THREE MONTHS INDICATED
If you like burning money or you are a philanthropist, buy some SGMD stock.
The results will be the same, TRUST ME, look at the stock chart.
You are aware that prices go UP slowly not DOWN consistently during ACCUMULATION.
Right?
What do you mean...you've had nothing but great news the past four years and yet the STOCK keeps getting diluted every inch of the way?
So, IMO, what you are theoretically asking for is more dilution and more bag holders, am I correct on that assumption?
The odds of investing should be much, much higher than buying a LOTTO ticket. Like thousands of times higher.
So yes, people if you want to buy a LOTTO ticket, SGMD is the place to be.
I don't blame you...who doesn't want to WATCH a TRAIN WRECK.
As oppose to buying a PORSCHE.
Let's do some math...
One million dollars of BUDCARS money re-invested at .003...
equates to $333,333,333 shares traded.
That could or would shoot this stock up back into pennyland.
Why haven't they done it?
Would you invest in a company that has a shaky foundation?
What if it really isn't making any money?
or What if it is making money, but we can rip off investors at the same time? Double dip per se.
Why not do both?
Well HELL, maybe they have been doing both?
Because if they have been doing that for years with no consequences, why not continue the same mode of operation?
Let LOGIC prevail here and find a true POT STOCK that actually cares about its investors...there are several out there...this is just not one of them as the chart proves.
With SGMD's stock price this low, what is next?
Bankruptcy?
PROOF in the PUDDING
SGMD cronies can say whatever they want on the INTERNET as long as they cover their butts via an 8k, letting you know they will keep on diluting their shares, like they have year after year.
They've WARNED you officially, unofficially this is the GREATEST stock since TESLA.
If my company was making tens of millions and the rate of that was increasing month after month, I would be buying shares back, not coming out with a 8k stating the EXACT opposite.
SO WHY THIS?
Item 7.01 Regulation FD.
The Company believes that in order to fund necessary working capital to implement our business consolidation plan and satisfy current debt obligations, the Company will have to obtain debt financing, and/or sell additional equity securities in future financings. Additional equity financings may cause further dilution for existing stockholders. Current markets conditions and the COVID-19 pandemics impact on the global economy are having a significant adverse impact on both debt and equity financings. There can be no assurance that any such additional financing will be available or, if available, that its terms will be satisfactory to us. In addition, our costs and expenses may be higher than anticipated, and there can be no assurance that we will not be required to seek additional financing to meet our operating cash requirements or other financing and debt service needs. Failure to obtain additional financing would have material adverse effect on our results of operation and, could result in our defaulting under current debt payment obligations.
Wouldn't audited financials showing massive profits turn this stock around?
As oppose to pimping this stock through an advertisement through MARKETWATCH?
The proof is in the pudding, show us the pudding SGMD!
A fancy wreath on the door doesn't mean the inside of the house is well kept.
And how would you know this information about SGMDs marketing plans in the first place? Or were you just wishing they had an AD placed on the Internet?
Sounds more like what a scammer would do, advertise a penny stock vs someone concerned about their shareholders by creating value within the stock. This touting to just scam more shareholders into buying a sham.
Just my idiot opinion of course.
STOCK CHART of SGMD
A stock that keeps on giving, to someone, I'm not sure who someone is.
One thing I know, SOMEONE, isn't share holders.
The owners of SUGARMADE should rename their company to LIVE_AID or GOODWILL or GIVE_TAKE for all the contributions shareholders have made to it.
A fraction of a penny spent here is definitely not a penny earned.
First of all, calling me an IDIOT on here is against IHUB rules.
I was just having a little fun and you are afraid I am ruining your investment in a PENNY stock.
We know that great traders like yourself love trading penny stocks to make their riches.
My HUMOR and opinion towards SGMD has nothing to do with your opinion of me and should not be posted here on this message board.
BTW, scared money don't make none.
If you consider over 30 million shares traded to be THIN this morning, you might want to try the KETO diet instead. There is not that much SUGAR made in that diet.
It is so sad that WHALES are an endangered species and soon to go extinct, especially those that buy SGMD.
"These whales are HUGE, OBAMA made them HUGE, hence they are going extinct, SAD, so SAD.", as autistic TRUMP would say.
Yes, you are right, there is an ODER here, a very bad smelling ODOR if you ask me. It smells of a rotten dumping of large proportions to be exact.
Thank GOD for this WORLDWIDE PANDEMIC to help SGMD get their BUDCARS in gear (no pun intended, I lied) and make a profit that doesn't translate to it's stock price.
We can only hope and pray that the SAN ANDREAS fault line busts California in half later this year.
Then we will really see this stock price fall off a cliff-side then!
I can't wait.
ROCK where will you be, when we will need you the most?
Let me guess, not invested in a penny stock such as SGMD.
Amazing! Did you know that Jennifer Lopez actually takes a DUMP just like any other human being or penny stock like SGMD?
Did you know that the band LED ZEPPELIN got their name by being inspired by SugarMade INC's stock price?
Yes, because toilet paper actually has value, with COVID or without COVID. The toilet paper in my bathroom has more value than this stock.
FACT: HOME DEPOT has toilet paper for $1.07 a roll.
FACT: A share of SGMD = .003 cents
Sad but true.
You would think IT is TOILET PAPER though, due to all the DUMPING going on.
We could only wish, TP is worth more.
Little humor here.
Has anyone taken into consideration that the Mexican/US border is shut down? Not to mention the US/Canadian border.
Supply and Demand says that the price of pot should be increasing pretty rapidly due to market conditions.
With some states shutting down their dispensaries, this will also cause more demand.