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www.athenaunited.com is back up, kinda. read on.
But it doesn't work if you go there directly ? strange technical error.
If you click on this link, it'll work, then you can navigate the website.
http://athenaunited.com/contact
But if you put in www.athenaunited.com it gives an error. very strange.
Also going to products causes the same error.
I quite literally visited the website yesterday. everything works fine.
Ironguts, is that gap up today something that will need to be filled? Or does the long line down on the candlestick do that job?
Really....... I mean.... Really......
8M due when deal closes.
They have an option to take shares, at .10 in lieu of the $8m.
It is contemplated that Sky Unlimited will be compensated with cash and Sugarmade shares having a total value equaling one times annualized revenues realized by Sky Unlimited during 2018. At the projected $40,000,000 revenue realization for Sky Unlimited during 2018, it is contemplated that Sky Unlimited will be paid a total of $8,000,000 in cash and 32 million Sugarmade common shares, as follows:
1) Ten million shares upon the signing of the Letter of Intent. These shares will vest immediately, will be non-refundable, and will be subject to normal registration and resale provisions,
2) At closing and upon the completion of a successful audit of up to 2 calendar year’s financial, the Company will pay Sky Unlimited, 210,000,000 common shares,
3) Also, at closing. the Company will pay the owners a maximum value of 20% of the transaction value in cash, which is initially contemplated to be Eight Million Dollars ($8,000,000) or will allow Sky Unlimited to exercise an option to convert a portion of the cash payment, or the entire cash payment, into common shares at a price of $0.10 per share.
4) Revenue Tested Share Issuances. The Agreement also outlines specific incentives that are contemplated allowing Sky Unlimited to gain additional Company shares based on surpassing the specific $40 million annualized revenue goal and conversely to receive a smaller payment in Company shares should the revenue target not be reached. It is expected the specifics of these incentives will be fully outlined in the definitive agreement.
To pay the $8M in cash, SGMD needs to sell 80M shares at .10, or 40M shares at .20
How do we expect this to affect SP over the next 2 months?
I need everyone to hold off on buying and or sell a bunch. Plz Thx.
Need to buy more the next couple of days.
Seriously? Makes it to .111 and jumps to .1159
Take my money at .11 darn it!
Going to give us a boost in share price? Or will we need it to finalize and see financials with their revenue recognized?
Any idea how long the audit of 2yrs financials will take?
It took ~6mo for the Bizrite deal to go through correct?
https://ih.advfn.com/p.php?pid=nmona&article=78472354
I'm not happy about it. But not mad either. As long as they legally have 15 more days and are not going delinquent.
/HuffPuffMopeGroan
Hurricane or not. They have 10 hours to swim their way to being current
Tick MotherFing Tock.....
Yes today.
I have already sent them a message reminding them of a past conversation we had where they told me the due date (today).
That was probably me you guys are talking about.
Decided to play it a little more conservative this time. Sold a small chunk with 20% profit. Now I am 50/50 in/out, just in case.
0 R/S over the past 5 years.
This isn't an R/S either.
Forgive my ignorance. What does PP refer to?
I was totally off. Fins due Oct 15, but that's not Wednesday. It's Monday. Oops.
1. Cassius, can you confirm that the shares must be held for 1 year before being sold?
1a. Is that for Sugarmade's new shares or for the receiving entity if they use shares to purchase a company?
2. They WILL sell shares on the market to raise capital, just not all of it. Acquisitions will most likely be a combination of Cash and Shares, however they prefer all share deals.
3. Drop will come, IMO, for two reasons. Investors emotions and the fear of dilution, as well as the fact that their will be some dilution.
4. I don't know how much, MAYBE a drop back to .08s (I hope) or a drop lower? (I REALLY HOPE). Maybe hardly a drop below .10 because the Financials come out and look good.
Exactly as expected.
No.
How low is anyone's guess.
However good financials will keep it from going down. Furthermore, if they release news of an acquisition, that'll, IMO, stop any drop and instead reverse it.
Read the latest 8K.
Raised AS from 300M to 2B
https://www.sec.gov/Archives/edgar/data/919175/000152013818000289/sgmd-20181012_8k.htm
Due the 15th. Next Wednesday.
That's that.
Should be interesting.
Did you all sell and buy more shares since receiving the first ballot?
I did and I received a second. Could that be why?
Or maybe the team wanted to make sure we got it?
Read it again.
Still not relevant.
It should be made clear: none of that has anything to do with SGMD
And
Duh. It's the wild west with these cannabis stocks.
Real Company.
Real Revenue.
Real Growth Potential.
What do you mean nothing?
Two more investors have had an opportunity to meet the Sugarmade team and left satisfied. I'd call that a good thing.
Also, the meeting only had 1 purpose. Vote on the increase of the AS. The meeting was a formality, it was going to happen. It is unfortunate that more investors didn't make it to talk with the team. That way they too could get a better feel for what Sugarmade is doing.
I won't lie. Not making it to that meeting has me a little upset. I am very disappointed that I did't get to meet you two and hear what they had to say at the meeting.
(screaming inside)
It is good to hear that you two left feeling more confident in Sugarmade and the management team. It mirrors my feelings after past meetings.
Now the question is't really IF, but WHEN.
No "news"... just today is the vote to raise the AS. Also, we are coming down from a nice bump last week.
Good financials and/or acquisition news is going to be needed to push the pps up. There is also a catalyst later this month that SGMD might temporarily benefit from as well. If management is smart, they will release positive Financials and some Acquisition news just before that catalyst. Then use that bump in PPS to sell some of their news shares, maximizing their capital increase and limiting the number of shares they need to sell.
Argallo76, I really wanted to be there this morning. Really bummed I wasn't able to. It would have been great to meet you and Cassius.
Who all was there for SGMD? You mentioned Giovanni, was Armand there and Jimmy? Dan?
When I have met with them in the past I have always gotten the sense that they are in it to win it and have a plan to grow telhe company. Would you say the same?
Sorry guys. I won't be at the meeting today. :(
I care about the dailys. I want more .09s darn it!!
If you don't mind me asking.
Which indicators show it going positive and what is CMF
No call back yet. I'll call them again tomorrow.
Markets getting slammed today. SGMD staying strong(ish)
Where can I see a chart of this stock? I use www.stockcharts.com but INTK does not come up.
I need to see a detailed chart and talk to the company before I buy.
oingo, to be clear I was quoting another person, it is their "source". Not mine.
want to give me that list? plz and thnx
"One high profile person told me, likely a dump coming. "
High profile on ihub? in INTK? in the Industry?
Do you believe the dump is credible?