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hit .0029 today so we already broke the 3s...not a good sign
Please post latest Outstanding Shares # if you have it. Would like to know what the market cap is now based on today's close # Thanks
Aren't we getting ahead of ourselves here...how about just conquering California first.
If we break into the 2s tomorrow ..I don't see a turning point in sight until July results are reported..if that.
Every day for awhile now this stock has lost ground...so would be surprised if tomorrow is any different
Making progress gang..today only down 3%...LOL...best day in a few
Not sure when this stock will turn up if at all....I guess will have to wait until July results are in and reported
If it dips below 3...it may go to low 2s or maybe 1s before July close...two weeks left of dilutions and no results to report on.
The 52 week low is $.0016
I wonder if Manslap will be posting as many times on the way up as he is on the way down...hope we can find out
I'll be long gone before it ever hits this level again ...as will most people investing in the stock now.
1st day in many moons this stock is not tanking. Not sure if that means a turnaround ...or just a plateau before the next downward turn
Not so sure...this CEO has billions in shares to dump
There seems to be a floor at $.003 today.
Talk is cheap...post evidence for this claim
Two opposing forces at work here.
Upward pressure set by company expectations and business results previously reported by the CEO
Downward pressure by continuous dilution of shareholders holdings
On any given day, the net movement will depend on how strong each of these forces are
On big announcement days...we get jerks upward by the results and expectations...then in between announcement, dilutions take over and we see a steady drop.
Dilutions are not going to end any time soon given the billions of shares the company has to offer...so we can only hope the good news overcomes
It's been reported they have a controlling stake in Budcars and revenue growth in June was attributed to that not their other businesses...so not sure here what you're getting at. Apparently they are able to report revenue from BudCars or else why would the revenue have grown to $500K in June
You would think the California shutdown news would give this stock a huge boost...but whatever the value created by the business model or circumstances, it's just as quickly diluted away by the funding model this CEO is using
If you believe this forecast, then August is the "Lazarus" moment for this stock
https://walletinvestor.com/stock-forecast/sgmd-stock-prediction
Would need to own the majority of bud cars to have a controlling stake...51%..or over 50%. It would however explain their reported revenue growth.. that they only recently took controlling stake
However, at this point I don't believe anything that comes from announcements with no hard proof (ie, financials)
You're bring up a point that may be moot based on the recent announcement of June revenue being approx. $500K and attributed primarily to bud cars growth. If we believe Jimmy's message apparently the company will be reporting bud cars revenue or else they wouldn't have reported the growth they did in June
We need more than just announcements at this point. We need prelim proof that this company is doing the kind of revenue it says it is...how about releasing a prelim summarized financial result (independently verified through their auditors or accounting firm) that shows revenues, margins, and operating profit for June close only...after all this was the break out month. Having this information along with the good news and future projections will give the result we're looking for.
Agree. Chan owes investors a lot more than just more of the same....need to release some inter-im financials to back up his claims and lend credence to his future projections.
With the stock cratering the way it has over the last couple of weeks...this CEO owes the stockholders more than just more forward looking statements...we need proof of the revenues and profits in June given that was a so called "break out" month
Release independently verified financial report for June month
The question is...will anybody believe the news?
How about releasing an inter-im certified (by a public accountant) financial statement for the month of June where they reported approx. $500K in actual (not projected) revenue...that would send the stock up.
All these inter-im announcements if untrue or misleading and consistently so, will eventually result in the demise of this company and potential criminal prosecutions for those perpetrating this fraud
Waiting to hit .0000000001 to avg down...LOL
Sure...just don't get distracted by the share price....LOL
The 52 week low is .0016...so not so sure.
For the 1+ year investor...it comes down to whether or not Chan and mgmt team can actually deliver on their strategy....if they capture 65% of the Calif delivery market which is their stated goal...this could be a great stock to own ...in the meantime investors that are short term oriented will continue to try to time dips and rises to make money along the way.
Let's hear about the LA Hub opening by next week....or what's happening there. It was supposed to be this month.
Right from Chan's lawyer...LOL
I this even a real company?? What company loses half it's value in a few weeks after positive news announcements/promotions galore...???
Hoping that's my exit point..Make it a good one, Jimmy
Who are you...Jimmy's legal defense...LOL
Of course...the idiots that think mere technicalities in a phrase or language used means anything to a court seeing a pattern or intent to defraud don't get it....what the court would decide on is simply this...does the behavior followed show a clear intent to defraud or mislead shareholders..especially if there is a history of this on going
Maybe if the CEO stops selling cheap shares
This whole company appears to be an on-going scam that makes PR announcements to drive the stock up...and then dilutes the value created further by selling cheap shares...it may be a legal scam...but scam nonetheless
Only potential payoff is when the announce the LA hub opening...then will be a great time to dump this for those that still own
We need more "pump" and less "dump" right now from this CEO.
Facts?? MM?? Who really knows who is selling at any time here? the only fact is a high volume at a lower than open price...the reason for it cannot be known