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https://www.yahoo.com/finance/news/moviepass-still-charging-ex-customers-060324938.html
Ted is going to wind up in jail sooner or later.
Exactly. Until the bizright numbers are published, it's all lies; or forward looking statements as crooks like to legally use
Reverse psychology at its finest. Your words might have an effect if you were speaking to elementary students. To my knowledge there are mostly adults here so your BS is falling on deaf ears. GLTY LMAO
You do realize Jimmy lied about that "$70 million" number? He pulled that number from the clouds while he was dreaming up this scam.
If spending $5 million to recognize $70 million was that easy everyone would be lined up. The fact that no one is lined up proves that they are aware of OTC mumbo jumbo. GL
July 29th SGMD hit a high of .0178
John Vu got 11+ million shares for .0088
Talk about an easy double up for one of your best buds. LOL
https://ih.advfn.com/stock-market/USOTC/sugarmade-inc-qb-SGMD/historical/more-historical-data
What assets do they literally own...paper straws and other worthless carryout supplies. SGMD isn't worth $1 mil let alone $6 mil.
He's already stolen from shareholders, even warning shareholders via the 10k that he can potentially steal again.
Borrow from who? His friend and scam partner John Vu. John Vu is probably just as broke as Jimmy...they are working together to scam investors.
Soon he'll be begging to a judge/jury not to deport him. LOL
The thing is, there are too many companies in this sector (a lot of them are worthless scams)...the only money available to OTC companies is toxic financing...and even the toxic financiers are beginning to be selective.
Bizright might not be making as much as Jimmy stated (falsified). Jimmy made up numbers just to sell shares.
.0088 is one hell of a discount. I strongly doubt "K&J" has $20 million to give Jimmy/Sugarmade. This all wreaks of fraud. John Vu is a crook too.
Damn foreigners. LOL
Don't worry guys, next months late Q will be much, much
W
O
R
S
E
You "reeper" what you sow...charts look out of this world.
Wow...a penny stock with real technicals. Here comes 22 cents. LMFAO!
Sorry to hear that. We've all made the mistake of falling in love with a ticker at some point...some more than other. It's also a case of FOMO.
Fear of missing out.
Jimmy is a liar and he backs up his lies with safe harbor statements, aka forward looking statements.
This is bad; this is really bad. I've yet to read anything positive in that 10k. LOL.
We have the ability to issue additional shares of our shares of preferred stock without asking for stockholder approval, which could cause your investment to be diluted.
Our shares of Common Stock qualify as a penny stock. As such, we are subject to the risks associated with “penny stocks”. Regulations relating to “penny stocks” limit the ability of our shareholders to sell their shares and, as a result, our shareholders may have to hold their shares indefinitely.
On August 13, 2019, a lawsuit was filed against the Company for unpaid legal fees of $50,000.00, which originates from the Company’s former chairman and CEO. The Company was served in or around September 2019. The Company plans to amicably resolve this matter and anticipates that it will be settled and dismissed. LOl. Served last month...will sell shares to settle the case is my guess...especially with no cash on hand.
I can go on and on but what's the point...a few already knew this was a POS. Next up reverse split :(
"We do not have sufficient cash on hand.
As of June 30, 2019, we had $34,371 cash on hand. These cash resources are not sufficient for us to execute our business plan. If we do not generate sufficient cash from our intended financing activities and sales, we will be unable to continue our operations. We estimate that within the next 12 months we will need at least $5,000,000 in cash from either investors or operations. While we intend to engage in several equity or debt financings, there is no assurance that these will actually occur. Nor can we assure our shareholders that we will not be required to obtain additional financing on terms that are dilutive of their interests. You should recognize that if we are unable to generate sufficient revenues or obtain debt or equity financing, we will not be able to earn profits and may not be able to continue operations."
LOL, I have more cash on hand than this POS...hell, my credit card limit is more than what this POS has.
"Jimmy thanks you for your support" sylvestor the accredited investor
LMFAO!!!
Tubbs would have arrested Jimmy for fraud along time ago...you're slipping Sonny. Lol
Jimmy's gonna hit his shareholders with a 1-2 punch.
A dismal 10k in a few days followed by a dismal 10Q next month (which will also be late).
Might even hit shareholders with a 1-2-3 punch...dismal 10k, dismal 10Q, and an RS, not necessarily in that order. LMAO!
On August 20th, Bruce told the world he bought more at those then "low prices" which on 8/20 WEED was trading at $36...he's down 28%. Will he get retail fever and double down? Lol
Should have used that money to buy Martello stock :)
I wonder if Bruce is buying more at these prices? Lol.
I'll use my last post of the day, and weekend for that matter to say, next week SGMD will be trading below .01
Far from uneducated. Novice...nah...years of developing a sound strategy while playing on the OTC.
It takes skills to develop a trading strategy with integrity, that works, and I'm blessed to have developed one that works, which doesn't include OTC tickers.
Yes, I was a get rich quick thinker...but now I know it's about patience with big board stocks. If it takes me 5 years to amass $1 million on a proven strategy, I'll take it versus hoping that if I buy 1 million shares of a POS OTC ticker I'll make $1 million if the POS hit a dollar per share.
LOL
Many of you are thinking that way...buy hundreds of thousands of shares for pennies, then hope and pray it reaches that magical dollar mark.
Someones butt hurt. LMAO!
I would hope a novice has a sound investment strategy and not waste time on OTC tickers. The OTC is pretty much for the uneducated, get rich quick thinkers. That's why the greedy prey on such players.
Whatever your financial goals are, don't rely on SGMD to help get you there.
GL
I'm so glad I'm free to make my own decisions and not let others tell me what to do and say. I'll continue to post here and say whatever I want whenever I want regardless of who likes it.
SGMD is a total POS on the verge of a reverse split.
The one who sheds light gets criticized. The one who pumps and uses reverse psychology gets praise.
It's not...just a general FACT for anyone who can read (SEE).
Practice what you preach.
"There are none so blind as those who will not see."
You're slowly being ripped off :)
You're the one without a life by replying to everything I post. If I'm so meaningless, why am I getting so much attention from you. Must be getting under your skin...thin skin.
I found a penny on the ground. Should I buy 1 share so I can have the ability to post here? Is there a fee to post here? Do you own Ihub? Do you pay IHUB's hosting fees? LOL
Blah blah blah...
That's what I got out of your post
I have a great life...all the reasons I have free time to post WHERE EVER and WHENEVER I choose.
Dictatorship doesn't work here. LOL
You do know that K&J is not a real entity...just an illusion, and a part of Jimmy's inner circle.
Lol.
Read the fine print...OTC stocks are not commission free with the big brokers...I have TD, I should know.
"You need to learn from that". Obviously you speak without doing DD...probably buy stocks also without doing DD.
"Soon" could be another year or two, thus pps dropping, leading to a reverse split...typical OTC outcome.
There's a reason SEC warns about OTC stocks. There's a reason all the now big commission free brokers still charge commissions for OTC stocks...cause OTC stocks are BS, not to mention the brokers know they can make easy commission money off of retailers who are addicted to OTC stocks due to the retailers get quick mindsets.
But believe what you want...OTC ticker history has always proved fluff PR's(for years), and reverse splits.
The mind games never stop with you.
This is a POS ticker in an over hyped sector/industry.
Next up: terrible 10K, followed by the inevitable reverse split.
I'm still in, haven't sold anything. Also didn't/don't have anything to say that's why I wasn't posting here. Just waiting for that one bright day. The way I've been looking at this is the gap had to be filled...that's the case with all stocks...what gaps up, slowly makes it's way back down, then it slowly creeps back up to it's true value.
Might buy more at .14 and/or .10
Thanks for sharing this insightful info.
LMAO!
Jimmy is laughing his ass off. Probably thinking to himself, "99% of people (that's 99 out of 100) will believe any and everything I say. Why not tell them some more BS. If it works, why stop?"
LMAO!