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PCTL formed a SOLID base between .045 and .05
With this new base confirmed it’s no surprise to see movement now while we wait for fins.
Lots of delinquent filers at the moment as COVID restrictions hold up certain tasks required of an audit. This is happening to a number of audited companies I follow. Minimal to no effect so since the late filing notification.
Looks like the next leg up is right around the corner
Man, HUGE money coming in right now. Millions of shares being gobbled up at these levels!
That Cat gonna be out of lives soon with calls like that lol
My Sona is so hard right now.
SSFT is a rocket, no doubt!
....Google it
Woah.
Was this ever reported to the sec? I know they were cracking down on companies making Covid claims without any kind of follow through to back them up.
Remember when building permits were on this list?
One thing at a time, project will get completed.
If they do take advantage of it. Not many pumps left.
Really appreciate buying and holding when it comes to a solid, growing company like SSFT.
Don’t know much about AI but I understand trends and it is undeniable that anyone who’s anyone is throwing money into this field. It appears that Sonasoft really has something special with NuGene and it’s ability to develop AI applications for a number of different industries. This recent deal with FIS really solidifies the potential here.
Nice to be in early, sitting and waiting for the tide to rise!
Distribution, fulfillment, and publishing will keep this company alive and bringing in revenue while wither companies who’s only focus is BG Cafes close their doors for good.
Cafes aren’t their only source of revenue. Some of their biggest quarters we due to distribution and fulfillment.
Revenues might be down but the company will survive this because they are more than just a board game cafe.
Had dipped a toe in a week or two ago and decided to jump in on today’s news. Nice to see so many familiar, and successful, faces here!
Lol! Anything to back up this blatant speculation?
.068 getting hammered repeatedly. Breakout imminent IMO
Sucks because the chart was set up so well.
If the CEO knew what he was doing shares would have been released slowly over a couple weeks to let the momo continue.
He must be new to the OTC.
430million shares traded yesterday with a couple huge dumps that were obviously dilution.
The today...
645million shares traded and a couple more HUGE dumps into the bid.
OVER 1 billion shares in 2 days. Can’t do that 2 days in a row and expect the stock to recover like nothing has happened. Next time they release a pump PR traders are going to unload faster than the company can.
Got a link?
I appreciate the kind words.
Not much thinking involved though lol just gotta keep your emotions in check and remember the DD.
It’s tough here though because of the diversity, the more moving parts the harder it is to keep track of them all.
Board games are being played and sold during the pandemic. Since FUNN is the biggest distributor of BG’s in Canada it’s safe to say they are moving product and making money.
Are they making the same money they were making before the pandemic? Probably not but the majority of companies around the world are in the same boat. Survival is key and my point is FUNN is in a good position to do just that thanks to the diversity of the business.
If FUNN was just an owner of BG cafes they’d be in trouble but, they are not. Their biggest Q’s were mostly due to sales and distribution, not cafe revenues.
DYODD and invest (or don’t) accordingly.
Cafes may be closed but board games are still selling.
Stuck at home, self isolating with the family? What a great time to play some board games!
It’s a good thing FUNN’s business doesn’t solely rely on cafes. Board games are still being played and sold everywhere. FUNN is not just a board game cafe, they also publish, distribute and sell board games all over the world. This diversity is what will keep FUNN operating during this pandemic while other board game cafes close their doors permanently.
Glad they pulled the trigger on publishing when they did!
Cup and handle with the handle riding on top of the 20dma. Next run takes this past .10 and into blue sky territory!
How much money, time, and attention is this PPE production going to take away from the BudCars initiative?
Too risky IMO considering many companies are getting suspended for putting out Covid-19 related PRs with no follow through.
Hopefully I’m wrong and every one makes a lot of money, just too fishy for me.
“There are numerous others risks to fulfilling the orders received. These include, but are not limited to availability of financing...”
This is the most telling sentence from the 8k and explains why the share price isn’t going to far above .003
They’re diluting in order to raise capital so they can MAYBE put this order together.
“ ability for the ordering party to pay and risks related to transportation of finished goods to end customers.”
Then once they put it together MAYBE they will get paid.
Ready for construction and I agree, many underestimating this.
Down but not out.
Too much dilution. As soon as it starts to move shares get dumped. I’m out but will keep on my watch list as I think bud are has potential.
From the 8k...
“ While the Company will work toward delivering on as many of these purchase orders as is possible, airfreight transportation resources between Asia and Los Angeles, and relative to other routes, is at a premium with demand generally exceeding supply. As a result of the current transportation constraints, the Company may be limited in its ability to fully deliver on orders being received.”
“There are numerous others risks to fulfilling the orders received. These include, but are not limited to availability of financing, ability for contracted factory operations to produce the products, access to adequate logistical resource, customs clearance, ability for the ordering party to pay and risks related to transportation of finished goods to end customers.”
Tucson fully funded.
Straight up dumping today and yesterday. Are these guys diluting to find their film?
Always is, going double digits is a mental resistance more than anything IMO. Once it breaks through .12+ could be right around the corner.
Keeping flippers in their toes! As soon as you think about selling... BAM! Another monster PR hits the wires!
We’ll see.
Daily chart bottom is in and the Bollinger Bands are pinched together pretty tight. Bet this moves up a bit in the coming days/weeks.
All in my opinion of course.
$SGMD
Sugarmade Issues Shareholder Letter on BudCars Growth and Expansion Strategy
4/22/20, 5:30 AM
NEW YORK, April 22, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), issues the following Letter to Shareholders from the CEO:
Dear Valued Shareholder,
On behalf of the entire team, allow me to start out by expressing our gratitude for your patience and commitment as we navigate what increasingly appears to be an extremely promising road stretching out ahead of Sugarmade. My goal today is to discuss that road ahead and to provide shareholders with a deeper sense of perspective as we expand our BudCars segment to capitalize on this extremely powerful growth opportunity.
BudCars is quickly becoming a powerful presence in the California cannabis delivery marketplace. Our primary hub in Sacramento has experienced extremely rapid growth in terms of total orders, sales, daily volume, staff, and fleet. And this growth has been dynamic, robust, and sustained over the past two months. We believe this trend will continue to define our 2020 operational outcome distribution, granting us strong conviction in our aggressive revenue targets, as outlined in Sugarmade’s recent corporate communications.
Our expectation is that we will surpass the $10 million annualized revenue target before August (possibly well before), putting BudCars on a pace to reach and surpass $30 million in annualized revenues by year end. Especially, with the support of the expansion of two new locations.
As we recently announced, we are now expanding into the Greater Los Angeles regional marketplace, which represents perhaps the biggest and most lucrative cannabis delivery market in the world. We are initially set to open two new BudCars distribution hubs in this area. Given our research into this regional marketplace opportunity and our experience thus far with the BudCars business model in Sacramento, we anticipate an annualized revenue run-rate of $15-20 million at a minimum at each of the new LA locations.
We also plan to continue to expand BudCars across the California marketplace. Underlying demand for this service seems bottomless, and we believe we have only just started to scratch the surface of the potential for growth in this segment. But we are also very conscious of our responsibility to all of our stakeholders to maintain a fiscally viable path forward each step of the way.
As a final note, to demonstrate my personal commitment and conviction, I have contractually and permanently waived my right to convert my own 2.5 million preferred share stake in Sugarmade into common shares, so they can never be brought into the common share market as supply.
Once again, I cannot overstate how excited I am about this Company, our exceptional base of loyal shareholders, and the promising path we have in front of us. I look forward to updating you again as we accomplish new milestones.
Warm Regards,
Jimmy Chan, CEO
About Sugarmade, Inc.
Expansion Strategy - Letter to Sharholders
“As a final note, to demonstrate my personal commitment and conviction, I have contractually and permanently waived my right to convert my own 2.5 million preferred share stake in Sugarmade into common shares, so they can never be brought into the common share market as supply.”
Sugarmade Issues Shareholder Letter on BudCars Growth and Expansion Strategy
4/22/20, 5:30 AM
NEW YORK, April 22, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), issues the following Letter to Shareholders from the CEO:
Dear Valued Shareholder,
On behalf of the entire team, allow me to start out by expressing our gratitude for your patience and commitment as we navigate what increasingly appears to be an extremely promising road stretching out ahead of Sugarmade. My goal today is to discuss that road ahead and to provide shareholders with a deeper sense of perspective as we expand our BudCars segment to capitalize on this extremely powerful growth opportunity.
BudCars is quickly becoming a powerful presence in the California cannabis delivery marketplace. Our primary hub in Sacramento has experienced extremely rapid growth in terms of total orders, sales, daily volume, staff, and fleet. And this growth has been dynamic, robust, and sustained over the past two months. We believe this trend will continue to define our 2020 operational outcome distribution, granting us strong conviction in our aggressive revenue targets, as outlined in Sugarmade’s recent corporate communications.
Our expectation is that we will surpass the $10 million annualized revenue target before August (possibly well before), putting BudCars on a pace to reach and surpass $30 million in annualized revenues by year end. Especially, with the support of the expansion of two new locations.
As we recently announced, we are now expanding into the Greater Los Angeles regional marketplace, which represents perhaps the biggest and most lucrative cannabis delivery market in the world. We are initially set to open two new BudCars distribution hubs in this area. Given our research into this regional marketplace opportunity and our experience thus far with the BudCars business model in Sacramento, we anticipate an annualized revenue run-rate of $15-20 million at a minimum at each of the new LA locations.
We also plan to continue to expand BudCars across the California marketplace. Underlying demand for this service seems bottomless, and we believe we have only just started to scratch the surface of the potential for growth in this segment. But we are also very conscious of our responsibility to all of our stakeholders to maintain a fiscally viable path forward each step of the way.
As a final note, to demonstrate my personal commitment and conviction, I have contractually and permanently waived my right to convert my own 2.5 million preferred share stake in Sugarmade into common shares, so they can never be brought into the common share market as supply.
Once again, I cannot overstate how excited I am about this Company, our exceptional base of loyal shareholders, and the promising path we have in front of us. I look forward to updating you again as we accomplish new milestones.
Warm Regards,
Jimmy Chan, CEO
About Sugarmade, Inc.
Someone just sold 150 shares into the bid... $.42
Watching the 5min chart today. After morning run came back to 20 period moving avg and has even locked on to it ever since.
Bol. Bands pinched hard af
This is going to run up before close IMO
So no gap fill then. Nice that you agree.
Starting to think that gap isn’t going to fill
#runaway