Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Is this a joke or what?
Dreaming is free around here...LOL!
Good excuse...but no details need to be given...just comment on progress in general terms with appropriate caveats attached. If they didn't want to talk about it they should have not announced they applied in the first place and hold off until they had secured the patent and a plan to monetize it. They made a mistake announcing the application and then not reporting on this for months as if they had never applied...leads to speculation in the wrong way and unnecessary stock volatility
Well not being responsive and transparent is costing shareholders time and money. The CEO needs to hire a real CEO and stick to R&D
We all understood that 10Ks are financials.
What we don't understand is why a company would announce they have filed a patent for COVID months ago and then go completely silent about it when we know they are having conversations with the patent office, FDA, etc to move this along.
I guess they never heard of investor relations over there
You should be angry with the management for lack of communication on their most valuable (potential) asset.
And the company management is facilitating the game by holding back updates especially if they are good news. Once this stock gets above $1 the penny flippers will be gone
Don't understand their reasoning..if they have good news to share..do it already..why wait. There is no downside for shareholders to sharing good news in the stock market.
If they are that far along..why not communicate that????
An why not release an update???
Unless it's bad news they are keeping from us.
Don't get it.
Finally someone gets it.
All this talk about 10K being great...it's irrelevant compared to the COVID Patent. We're possibly going to get beat up pretty bad by the shorters over the next few days because no PR/announcement followed the 10K.
The molecules that were designed by the CEO would be unique..they are not appearing in nature by definition were computer designed..it's unlikely that any other company /individual would have the same design. The only question is how effective they would be in preventing the virus from replicating which is their intended function. This company has no shareholder relations skills/dept so we don't know anything more on that aspect nor on the application status
Disagree. The stock was bid up earlier today because there was anticipation that you could see an update on the patent in conjunction with the 10K
This company apparently has no sense of PR or shareholder communications skills
The only thing that keeps interest in this stock is the COVID Patent.
Mgmt seems to want to ignore that as if they never announced the application. Why even announce an application and then not talk about it for months...should have never announced it until approved if they didn't want to provide any interim updates
Big disappointment today. To issue a 10K and not follow that up with a patent update of some kind after having announced they applied for it more than 2 months ago is pretty much inexusable and led to the PPS nosedive. You can't just ignore such a significant event as a COVID Patent Application for this long a time and not expect to negatively impact the PPS
Agreed. Not doing so is actually delaying realization of shareholder value they may have already achieved
Nose dive as I predicted...let down by this company today
They don't care too much for communications to their shareholders I gather
Alot of spin here..this is neither good nor bad...it's really non-factor
That's why the stock is now moving lower because there was an expectation that they could release news alongside the 10Q release on COVID.
Flippers gonna hit us hard now that no news on the patent
Hey buddy calm down. I'm long on this
Is it too much to ask to have a follow up PR message on status of this patent? if they have been communicating with the patent office, they must have updates they can share.
If it's given ..then why do you expect the stock to POP...it would mean the price today includes that assumption. Hope you're wrong
Good spin on this...but without COVID patent..no cigar
We keep pumping up this patent....and mums the word from SBFM
This company will live and die on it's IP value
No news on that means the 10Q is interesting but not very relevant
No news on the patent means this stock is just going to linger in the sub-dime land
10Q alone not gonna make this POP like we've been saying is possible
What's the hold up here?
They needed to follow up the 10Q with an update on the COVID patent
Does this company make a habit of missing deadlines in filings?
I hope they don't miss this one
An offering of that size would drive the value to .0001 or dilute it out of existence..not sure this is what mgmt wants now
I'm going to hold on to this stock until they dilute it out of existence or it goes to at least $.01...whichever comes first.
It's pretty much official.
SGMD is bankrolling the Budcars expansion in California with dilutive funding on the backs of SGMD stockholders...just look at the point raised below in an interview with CEO of Budcars…
On the show, Mr. Walker discussed the upcoming opening of LA BudCars as well as the Company’s move to expand around the state, powered by the managerial expertise and capital power afforded by its Sugarmade partnership
You and Joop, a few others on this board are just Chan Spammers that add no value here.
Destroying shareholder value...definition of a bad CEO
Why do you assume that...do you believe the 10Q must include a patent update?
If 3BN is right... Assume $20M annualized revenue company by end of the year and assuming 3X revenue market cap... talking 60MM Cap/3BN shares...could be $.02 per share by end of year. That presupposes that SGMD exercises right on Budcars to get majority ownership
At some point...this becomes the "boy who cried Wolf" once too often
40% doesn't get revenue reported in their 10K...so why does Chan report revenues of Budcars when they are not relevant to Sugarmade? Why hasn't he exercised that option?? He's collected at least $1.6MM in dilutive funding over the last 2+ months...could have do so. Is he helping Budcars grow with this investment while not owning the company outright...that's highly unethical to SGMD investors..screwing investors out of any upside in the PPS in the meantime
You are not even a real investor..stop it already.
Yep..we're all in the Sugarmade Jail (underwater) right now awaiting parole with no date in sight. I really thought that below 1/2 cent this stock would be relatively safe bet...WRONG! Dilutions and unkept promises helped destroy the value
On what basis??