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.
You better be ready to hold for awhile
Disasterous dilution (400M shares) followed by no news finalizing merger with Budcars and late in LA opening (that news was a dud)...I guess that explains it.
Again...how does this contribute to SGMD Topline with only 40% of Budcars? Chan has been crowing about Budcars for weeks now reporting on its growth as if it was Sugarmade's results..very misleading
Unless he announces SGMD has increased it's stake to 70% in Budcars...all that news doesn't mean much
And just as quickly fall...so not sure I put a lot of stock in these peaks/valleys until we get the COVID news
Until we get a COVID announcement..none of this activity can be considered too significant...we've seen ups and downs in this stock recently that attests to that
Approx $500-600K would have purchased the other 30% of Budcars.
Chan has collected enough in dilution funding over the last nine weeks to cover this 3X over...so what's holding him up?
Right now...not much
Budcars last reported was growing but not yet profitable ...so SGMD as an investor only (40%) of Budcars means 40% of a loss/or zero profit
SGMD should have already moved to acquire at least 11% + more to enable then to consolidate financial results at the top line of SGMD (Budcara as an owned subsidiary) and show all that revenue in there 10K
This may be evidence that they are not the pump and dump kind...after all those types depend on communications and PRs to drive up prices
That's why it's so hard to figure the stock price even now
This should have happened already. What has jimmy done with the $1.6 million in dilution funding over the past few weeks?
This and the LA Hub progress reporting will send the stock higher
40% doesn't give them revenue reporting (as far as I know) rights in their financials...they need a majority share for that..otherwise they may only report it as an investment on their books. Unless you can show otherwise(guy)
Their therapeutic is a broad one for Cornavirus types..not just COVID-19
Not surprising...at these prices could anyone take the risk of not being in this stock?
We're maybe seeing a small run up with speculators not wanting to get left out just prior to 10Q release
Stop saying Budcars deserves...Sugarmade is not Budcars..yet
Get out of jail free card...yeah
Maybe because the CEO doesn't want to go the government route and be stuck in that beauracracy while losing time and most of the money value of what they have
What about the independent 1BN valuation they have??
Would have to be based on their IP to get that high with a small company like this..
A COVID-19 treatment patent should change that. With a viable treatment they should attract all the funding they need assuming these molecules as designed do what they say.
You've got to really wonder why this company is even less than $1 now. Unless there is substantial market doubt concerning the patent itself
How about telling us what they are doing with all the share money they've diluted...how about getting 51%+ of Budcars so that they can actually report that revenue on their 10K they've been bragging about?
Tweet followed by dilution of your money
COVID-19 Patent??? You mean pending patent right??
This company made an announcement that it had submitted a patent for a COVID-19 cure..and then went silent for 60 days now. I think they owe stockholders an update on this patent at this point. They must be in contact with the patent office to provide additional inputs...so they know more than they are saying IMO
Patent approval timeframes 60-90 days are reasonable...we're into our 60 days timeframe now...could take another month. I just find it hard to believe that they wouldn't fast track a potential cure for COVID-19 through any bueracracy.
As I understand it ..SBFMs is a treatment for COVID-19 and not a vaccine. It prevents the virus from replicating (if you do get it in your system). Would be in the form of a tablet or gel-cap.
Technical analysis on a stock whose future depends on one decision announcement from the patent office is not very useful...If today they were to announce a patent approved for their treatment and a promising schedule of testing/route to market (ie, how to monetize this)...then all technicals prior go out the window
Ok..so this tell us that the market efficiency is broken with this company..or this is total bull
Seriously, Dude...I think you should at least wait for the COVID 19 patent announcement before you start talking billions..LOL
Diluted our PPS 60%+ in the last two months...so best I can give him is an incomplete. Still don't trust this CEO/mgmt team
Dont' know about that..seems today at least there was bid support before we were far into the 1s and brought it back up..so at least some investors still believe the stock is a bargain in the 2s
Right now it looks like a shtt company
Bingo! Worst PR Company I've ever seen
1BN independent valuation; COVID patent pending, Cancer drugs, etc.
If all this is true, this has to be the worst example of market efficiency ever
Pure speculation. This stock has lost most of its value in just 3 weeks.
It looks like a pump and dump type OTC now as opposed to a promising growth pharma play
Sure..we're all gonna die..eventually
Patent App submitted in late May...so here we are in early August still waiting....you would think they would have rushed this through the government if it had any real promise
Stock did little despite great PR = CEO Credibility shot
PPS <$.003 a game changer??? LOL
Cure for Cancer and Covid-19 for a bag of shells..something isn't right here