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RememberMyName, They post they did $1,825,000 (which I question) and they also posted -$5,929,000 in losses.
I posted that I have a gut feeling they will not do the RS but if they do the RS or not, they win either way. If they do the RS the stock goes back to $.12 (+ -) and they dump 200,000,000 and rake in another $24,000,000. If they do not do the RS they continue to sell the additional 10,000,000 added to the existing 10 billion (total 20 billion authorized) and sell them for $.001 for another $10,000,000 windfall or pump them back to a penny and make $100,000,000 while retailers are still at a loss.
I was not aware that their Marijuana operations would be affected by the Russia Ukraine war. REALLY! And also China? When did those two nations have any impact on locally grown and sold marijuana?
Their S1-A states the following;
The Company will not effect the Reverse Stock Split until it is cleared by FINRA. The Board retains the authority to abandon the Reverse Stock Split for any reason at any time prior to effecting the Reverse Stock Split.
The Information Statement also informed shareholders that the number of authorized shares of our common stock would be increased from 10,000,000,000 to 20,000,000,000. (Told ya they would) On March 2, 2022, we filed a Certificate of Amendment to our Certificate of Incorporation in Delaware which increased the total number of authorized shares that the Company has the authority to issue to 20,010,000,000
We are a holding company, and our principal assets are held by subsidiaries, and accordingly we are dependent upon distributions from such operating subsidiaries to pay taxes and other expenses. We may fail to successfully execute our business plan. (Also any profits stay with the subsidiaries and does not pass to SGMD's financials).
Profitability may not be realized. We cannot guarantee that we will succeed in achieving our goals, and our failure to do so would have a material adverse effect on our business, prospects, financial condition and operating results.
We import many of our products from Asian countries, including the People’s Republic of China. Disruptions or a change in the tariff situation may negatively affect our business. Our business, financial condition and results of operations may be materially adversely affected by global military and/or cyber conflict, including Russia’s invasion of the Ukraine
If we fail to establish or maintain effective internal control over financial reporting, we may be unable to accurately report our financial results or prevent fraud, and investor confidence and the market price of our common stock may, therefore, be adversely impacted.
SO. They may not even post valid financials or even post them at all and state that fraud may happen and that they may fail to maintain effective control of their financials? REALLY?
I read that as they will not accurately post financials and fraud will happen. All to get YOU and new suckers to buy more shares. NICE!
I hope they do a RS. I am waiting to short the HELL out of it. AGAIN!
Waiting for the float update. Since every day are debt shares being sold and not from retail investors, I can't imagine that the float will be no less than 10,000,000,000, or much higher.
Since the last posted securities update is almost 60 days old, my guess is they may have added another 20 billion to the authorized and also sold another 10 billion to the existing 8 billion float.
They may not even post the securities update knowing full well that silence is golden. The more they are silent the more gold they make.
As long as debt shares can be dumped above $.0003 than there is no reason to update the securities or financials.
1dmg1 -->
Lol. In one day, sky is the limit, next day sky is falling. I can recall the poster bragging he / she had 100k invested. And with all the ‘just waits’ you see zip. Any official inquiry is material event as you know and again zip. You tried your best, educated a few and that was appreciated. Either the like of a scorn woman or he / she just perhaps playing everyone with no success.
I have seen those posts 1000's of times. They say they invested $100,000 but the fact is, the BIGGEST complainers have invested, maybe $500 or less.
It's not because they lost $500, it's because they believed the $500 would turn into $500,000 and when the stock tanks they feel they have been cheated out of $500,000 not just $500.
And believe me! Those low level investors already had that $500,000 spent.
But you cheered SGMD every step of the way!
Suissac, you should be more worried about this;
Your post numbers 13418 and 14627.
And also this one.
Wednesday, October 31, 2018 3:57:03 PM
Re: None
Post# of 52514
I had a dream last night, next week will get interesting. All Aboard!
Believing in ones dreams is a manifestation of insanity! But than again dreams may be the only truth to these schemes.
Suiss, 51982 is a post from you?????
I'm all ears but already know the outcome.
Suissac, you don't have to stop Jimmy, the damage is done and his task completed. Jimmy will never (electively) do this again.
I feel sorry for you in so many ways because you are fighting a loosing battle. I told you many times, Jimmy is not the problem, stopping Jimmy just means another CEO will take his place on the next scheme and you will try and stop them but again after the damage is done. You have to know this because of your past tickers you invested in the outcome was the same.
Your fixation on Jimmy is part of the debt investors plans as well, They are making most of the money and Jimmy is just a “Take the blame” patsy that is leading you right where they want to lead you. To Jimmy not them.
It is the same reason they lead you to this ticker and not long ago you were cheering SGMD and praising Jimmy.
Jimmy knew very well this would be his first and last position as CEO of a public company and will exit with a few million bucks while the debt investors have already made 10’s of millions. By the time anyone reads your complaints or filed actions, there will be no SGMD to sue.
No Jimmy to track down and let say for discussion purposes you have a case that the SEC or congress will act on still will not affect the markets and how they operate.
Every ticker that did what SGMD did has the same investors cheering then threatening. The all to familiar terms are;
The CEO will be arrested by the SEC (The SEC does not arrest anyone).
I will see to it the CEO never does this again.
And my all time favorite; “We are not going away”
If your actions to stop Jimmy have any success, please let us know. As for Jimmy not posting PR’s, that was elective to get the stock to move down in price to attract the cost average buyers.
You are taking credit for no PR’s being issued it seems and when SGMD folds and Jimmy is no longer part of SGMD I am sure you will say you stopped Jimmy as well.
Jimmy stopped the PR’s and Jimmy will end up leaving SGMD when it folds and is again part of the plan. If that is a victory for you while losing money at the same time is your investment strategy, I have no words for that other than.
I have a large old bridge in Brooklyn; I would like to sell it to you.
1dmg1 well said. ALSO beware! Now that gas is so high and oil issues with Russia, MOST new tickers that promote Lithium mines that switched from marijuana and gold because the new HOT topic is non oil energy.
There are two tickers; one is EDDYF and it being prepped for a HUGE pump UP so it’s cheap to get in and out before the dump and volume is very low so the debt investors are NOT making much money yet. But they soon will.
The other is APHLF but it’s already higher than I would like to see. Also EDDYF is low volume, I smell a pump UP on this one but proceed with caution, by that I mean take only a $200 position and get OUT when it rises and DO NOT believe it will keep going UP.
GREED kills deals.
I may short APHLF
Back to congress, AGAIN! Congress MADE the rules you are upset about.
They are all in on it!
They set the rules for the SEC that allowed this and continue to let it happen.
Complaining to congress, if they even read your complaint, will be like asking a broke recently released convicted sociopath drug addicted career thief to watch your jewelry store while you go out to get a haircut and not take anything.
If you feel better thinking Jimmy even reads these posts and that it will in some way scare him to give everyone their money back you need to stay clear of OTC stocks. This is the norm. This is not isolated. The anger is having it happen over and over knowing not one ticker ever panned out as the losses mount year after year.
Your last stock pick did the same and your post are the same, Cheer then threat. You need to STOP buying these stocks and stick to the LOTTO at least you will have better odds of winning.
I feel for you Suissac but the fact is, this is the norm and it is the LAW that congress chooses. There are ways to play the game in your favor but the risk most take to turn $100 into $1,000,000 is just to good to pass up and in doing so, investors fail to look at data or logic. It’s a lotto suckers play UNLESS you do it my way.
There also is a way that does not involved shorting to make $$$$$$$ and will be posted in due time. Once I post my data it will shake up the OTC and cause many schemes to close up knowing they will be at risk of losing what they make now and the retail investors make the money. A complete reversal. But it has to be done in a specific order. That will be what everyone witnesses soon.
PLAY THE GAME!
Nunaka and everyone.
IGEN is on par with most OTC schemes. They post revenue but as usual the cost to operate is higher leaving them in debt. I also question where any revenue even comes from or if it is even valid on most of these OTC’s.
AN OTC can post revenue in the form of an association with out the funds being registered on the books. Meaning an OTC scheme can have a non-member associate form a new corporation and that person can state they did $2,000,000 in revenue and if the public company owns 40% they can post they have revenue with out the required accounting methods. It can be false data but no one at the SEC regulates this and as long as you pay the OTC fees they also do not validate the data sent to them for public view. The OTC has no authority, they are just a free enterprise website that charges tickers to advertise there. And the OTC is also publicly traded and some of the biggest auditors are very savvy and know how to allow an OTC to post revenue with out taking in one penny.
The test of all tests is to just call the company and pretend you want to buy the products they sell. Most will say they are not ready yet (even though they claim they are already in various locations being used) and some say they only sell to industry professionals to stop anyone from proving they can't deliver and also fool you to thinking this is bigger then you thought.
Haven’t you noticed that almost all these schemes have a plan that is so large that it negates anyone of you from buying the products they claim? And it’s always in some remote location you can’t even go visit.
Lithium mines in Greenland, Gold mines in Peru, Diamond mines in Canada and so on. And none of them offer anything other then news of great things to come and no means to buy what they claim they produce.
One thing to watch out for is the new age of marketing and non-paying franchise or affiliate programs like cloud or app programs.
What I mean is a company (long ago) that imports and distributes cell phone supplies (AKA the old ticker GXXL) Atul Mehta if anyone recalls. During the height of the cell phone accessory craze, he launched a cell phone on line store that was going to enter the cell industry with “disruptive potential” and “vertically integrate the company to NASDAQ” If anyone recalls.
It took him 2 years and diluting millions of shares on a debt dump to launch the website. I found out in the coding all he did was take an existing distribution company that offered you your own website with your name and when you sold items they dropped shipped them and you make 20%.
After two years of me saying to everyone your all going to lose your money and was cursed out for saying that, I called the distribution company and they sent me a link to the website to get my own cell phone accessory site with my name (FREE).
I created a website name exactly like GXXL’s and made it a .net website and it was up and running in less than a day at no cost. I posted the link and investors saw two identical sites the same name but one was .com and one was .net and sparked a mass of outrage that I was taking away sales from the company they invested in.
Can you believe that! Now it’s my fault their investments were in the gutter. I guess it’s always easier to blame others then themselves.
Regardless the company folded and one thing that was even overlooked by everyone is the companies registered address was the college dorm address of his son in California.
Atul's dream was to own a cricket team and he needed lots of cash to finance that and what better place than to debt dilute shares on a website that any of the GXXL investors could have set up for free in one day.
IGEN is spending more than they make, you have to ask where is that additional capital that is used for pay and compensation coming from if revenue does not cover that cost.
IGEN also went through the ticker change process as expected. This further proves why the OTC never loses tickers when one folds, they just re-appear a new reversed ticker after the pumped scheme runs it’s course.
My guide on all this will be published soon and a corresponding website will be launched with all the data and also a question test for any ticker that when answered yes or no will reveal the level of a point system from 0-100 with 0 being “burn your money” etc.
The one factor about all these schemes is you never find them on your own. It’s always a hot tip from others public posts or some email or PR or friend.
My opinion which is also a fact is, If the stock is $.10 and going to explode to $2.00 (Like SGMD did) why are those telling others to buy it when They should be buying it all and keeping it quiet? All they are doing is creating more investors who will sell and kill the price and ruin what they claim to be buying. That is proof those telling you to buy do not own even one share.
If you went to a flea market and was digging through a box marked $.10 any item and you found gold coins worth $1000 each and see there are more in the bottom of the box, would you yell to everyone at the market, Over here everyone there are gold coins in this box” Hell no.
So if those pumped schemes are so hot and going to explode why not keep it quiet and those who say they know that for a fact just buy it all?
Anyone saying to buy any given stock because it’s going to the moon, investors have to realize the moon is a ball of worthless dust with no value so you can assume the stock will also end up the same.
SOS (The ticker says it all)
I'm going to release my data very soon for all to review and what to look for. I can't make stocks go UP but I will show you what to look for when investing and what to watch out for.
The data will at least cause people to say NO NOT THIS TICKER. But maybe the other one has a chance. Reduce risks.
Ill post the data link soon.
Timgz, there is only ONE rule that if changed would eliminate all this dilution fraud and reduce the OTC ticker listings by 5000 companies.
Eliminate the debt conversion 3a10 rule that can only be done by congress.
If you do away with the debt rule ALL dilution will be eliminated and all pump and dump companies would not have the ability to issue shares to debt investors. 15c211 was a JOKE! And was more to cause non paying OTC stop sign pump and dumps to pay the fees in order to continue to pump and dump.
The OTC, Brokers, Market Makers and congress are all in on it. The SEC is regulated by congress so this is not the SEC's fault.
The problem is congress is in on all this BS and they will never change the rules that make them billions at your expense.
Don't you ever wonder how a politician elected to congress on a $175,000 annual salary leaves office with a net worth of over $20,000,000? Pelosi is up to $250,000,000 and AOC is over $10,000,000. The higher UP the chain the more you make.
John McCain was at the TOP of the pile. Google this "John McCains houses" he even said in an interview he does not know how many he owns. All from inside trading.
Every congress member has a 3rd party associate (family member) that has a financial company that does the buying and selling so that the congress members have clean hands.
One other problem is, if this rule was eliminated, at least $450 billion annually will be lost to the schemes that runs these debt dilution dumps. That is just too much to take away from schemes and congress. You think they would care but they don't..
FACT: SGMD did sell 200,000,000 for $.18 ($36m) then possibly another 300,000,000 oversold knowing the dilution was planned, that's another $54,000,000 and then the debt dump of 7 billion shares on average $.01 is another $70,000,000.
Total so far, the debt investors took in maybe $150,000,000 and only paid Jimmy about $3,000,000 if that.
Now you take that figure and apply that to all the other schemes you lost money in over the years that did the same and times that by at least 3000 OCT tickers that do this each year that all reemerge again as a new ticker and scheme and you have easily $450 billion annually lost to OTC investors.
If each OTC investor invests annually in 10 of these companies on the lotto risk and lose, and 50,000,000 people do this each year comes to a per OTC investment of only $900 per investment.
Some invest $100 some $2000 but it averages out to losses totaling almost half a TRILLION each year ($450 billion)
The proof is. All the pump and dump schemes when they fold you would see the OTC lose 3000 tickers out of 12,000 listed but that number never decreases because when the schemes fold they reverse into a new ticker and the process starts over again. That is why as these schemes come and go, dump and fold, the listed OTC tickers never decreases.
It is also why you see constant ticker changes. When one well runs dry they start a new one and suck in the same investors every day, week, month and year.
That company RNVAD changed tickers 6 times already.
One other problem is OTC investors want lots of shares cheap hoping for a windfall that never comes. If you take away the 3a10 debt conversion rule there will not be anymore $.0001 shares to buy. You would have to spend $1000 to make $10,000 and that return is much less than a pump and dump saying invest $100 and make $1,000,000.
How is making $10,000 on a $1000 investment bad when loosing $100 good? its the lotto play and why no one will STOP DOING IT.
RNVAD (prior RNVA) ticker change "NO surprise" with over $46 million in debt before changing tickers they are still in massive debt over $17,000,000 and not posting their share data. The reason may scare you!
They have an office suite "NO surprise"
The company info says;
Rennova Health, Inc. is a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that recently announced the acquisition of its second Rural Hospital.
SGMD's favorite us of the two words "Vertically integrated". Next well probably read how they are "entering the medical industry with DISRUPTIVE potential"
God does it ever end. My guess is SGMD may possibly be working to sell the shell to this company and suck everyone away from SGMD into this new scheme and why pumpers have arrived here. AND YOU KNOW WHAT!
You will all follow them and lose more money! I bet many are already buying the stock. And so the cycle continues.
Pickle, Getting your money back form SGMD means everyone has a chance to also get their money back and the market makers won't put the bid so investors can recover or even break even.
Remember at ANY TIME you are able to sell on the bid for a profit or break even, the market makers can buy the same shares from the debt dilution dumpers for much less (90% less in many cases)
If the bid goes to $.01 and the asked at $.012, at any time they need more shares to sell they just buy the debt shares for $.001 and hold retailers hostage.
If I were a market maker why would I want to buy on the bid ($.01) and sell on the asked ($.012) and only make the spread of $.002 when I can buy debt shares for $.001 and make $.011 on the shares?
If investors in total placed asked orders for $.012 totaling 50,000,000 shares, 50M x $.002 is only $100,000. Buying at a huge discount of debt shares for $.001 I would make $550,000 ($450,000) more than doing it the honest way.
This is not about YOU or retailers making money. It is the company, the debt investors, the market makers and the pumpers who all make money at the retailer’s expense.
The OTC is really a LOTTO play with the difference being the listing companies are the only ones with the winning numbers.
The problem with all this is that if you don't play you won't win so the gamble is to take a chance and hope it works but it never does.
The SEC has their hands tied to laws from congress. Congress is in on it; they make BILLIONS allowing this to happen.
If you started an OTC company that made toilet paper and even if you don't make it but buy it from the grocery store for $1 per roll and re-wrap it with your name on it, then you tell the congress members who are in charge of supplying goods to the pentagon, senate, congress and every other government agency and tell them that your toilet paper company is public and the shares are only $.01 and if they give you a TP order for $5,000,000 the stock will rise to $1.00 especially with a PR saying you have a government contract.
The congress member will buy 10,000,000 shares for $.01 ($100,000) then issue you a check for $5,000,000 (tax payers money) and when you PR that and the stock hits $1, they sell it and make $10,000,000 even though they paid $10 per roll.
They don't care they just want to make money on the stock using taxpayer’s money regardless of the price of the goods sold.
That is why (if you recall) they paid $20,000 for toilet seats and $10,000 for hammers. Once they paid the small public companies $5,000,000 each so they can sell the stock and make MILLIONS, the company delivered only 250 toilet seats that ended up costing tax payers $20,000 each. AND they are still sitting in storage.
I am surprised that SGMD did not use their paper products to get contracts for government cafeteria needs and charge inflated prices and tell those who appropriate tax payers money and secure some contracts.
SGMD would get $50,000,000 in pre paid orders for napkins and plastic forks. Congress members would buy up gobs of shares, SGMD would PR that and the stock would be $1.00 or more per share. It would have taken time and some savvy dealings but the outcome would be SGMD would make the same money they did just selling shares and also retailers would make money as well.
The point is there is little to no legitimacy in the ocean of this stock market and the OTC is the pond scum.
CanItBe, It is hard to have the facts sink in as you stated part of the following;
It's a shame because this could of and should of been a very profitable company but Jimmy is trying to grow too fast and until he can actually show some growth with all the profits instead of spending it all on overhead this will just keep going down and down. I understand the need to expand, but balance is key here. Will Jimmy ever turn this thing around? If I ever find the bottom I will load up again. But for now, I just keep reading the reports and news and shake my head in disbelief.
The company NEVER set out to be profitable. Because this is only a share selling scheme they must have debt to sell diluted debt shares NOT products as you so believed. If SGMD said they were going to have debt and dilute shares from $.19 on down to $.0004 would you ever have invested? NO you would not. So you fell for the sales news and profit intent. That is how you sell shares in a share only selling scheme, news you want to hear and believe.
Jimmy never spent profits on overhead; they have NO overhead, maybe an office or PO box. Why would Jimmy ever turn around a company that from the start was a share selling scheme? If you want Jimmy to turn things around it will only be at the benefit of him and the debt investors and not retailers (you and of course Suissac) and of course 1000's of others.
You WILL find the bottom and you will likely end up buying more cheap. I have said it over and over. STOP believing the Pr's are real and STOP believing that the plan was valid and just needed some adjustments to make it work. Their are two plans.
A. Set out to be a share-selling scheme (The actual plan)
B. Set out to PR that they will be a huge company and will make millions so they can sell you shares to complete plan (A)
By now you should know shaking your head in disbelief was part of the plan and also saying when it hits bottom you will load up AGAIN! Have you not read my posts saying it WILL bottom out and you still will not make any money? But hay who am I to also say believe me, right.
One fact to all this is that I posted what will happen based on the realities of the OTC markets and why people will lose all their money. If you believed this would be any different you have to blame the great PR's that were created only to get you and others to buy shares and the fact that OTC investors have no clue what they are doing. A share selling schemes best friends.
Stop believing it would have been better if Jimmy did things different or that money should be used differently. This is not about business or companies or sales or profits or plans to make $100,000,000 other then selling ONLY SHARES!
I really hope this sinks in now that you see what I know what the hell I'm talking about. The problem is more PR from MORE share selling schemes will pop up and everyone will still jump into those tickers high and buy more as they tank, same as SGMD. Same debt investors in the shadows making billions off these schemes. FREE MONEY just not for investors.
Many into this stock believe it still has a chance but the fact is the same as when the company started. It was set up to have all this happen. It is part of the plan. What you have to believe is this is the way it was set up from the beginning. Things just did not happen bad because of other reasons.
Like I said if you buy now to cost average and even buy in now for the first time the stock will never make anyone any money (unless you short it like we did at the initial stages of the scheme).
When this hits $.0001 or less, everyone will jump back in and do so thinking when it rises to $.0003 they can make a fast 300% but as I have also said, 1000's will try and sell and the market makers will not load up on shares they cannot resell.
You may see green but that is due to asked sells not bid buys. You may buy in at $.0004 and see you’re in the profit arena but that is based on more diluted asked shares being dumped. If you try and sell on the bid it will be $.0002 increasing your loses.
PLAY THE GAME. But for gods sake stop saying why it could have worked when this was not about work in the first place. Remember this ONE FACT. Even if you buy now at $.0005 and it moved back to $.01, 1000's have their sell orders in place and no sane broker or market maker will buy them.
Why would they buy up 8 billion at one cent at a cost of $80,000,000 when they know the company is a share selling scheme? They all know this 1000's of times from the other OTC schemes. Why buy back what they cannot resell? AND any rise in price with asked sales also rising will allow them to buy more shares from the debt diluters for much less then the bid retailers which means even if they bid rise you still won't be able to sell.
If they RS which I doubt, but if they did back to 200,000,000 float at $.12, the process you have seen starts all over again. They RS, increase the authorized and back down they go. I'm waiting for the RS and as soon as (if) they do it. We will short $.12 shares and buy them back at $.0005.
It is the same as us buying $.0005 shares and selling them for $.12 and making $.11 profit. The difference is we sell them at $.12 and buy them back at $.0005 and make the same difference. The one fact is we know buying at $.0005 they will never rise to $.12 but that selling at $.12 they WILL tank to $.0005.
OTC schemes hate people like us. We make money like they do. But they also know that we are not a threat to their revenue. We may make $400,000 shorting this stock while they make $80,000,000 or more so they know it is just the reality of this industry. They figure NO ONE will short a stock they claim will go from $.12 to $1.20 and try and scare away shorts but we are fearless and also know to many will buy these tickers on down to $.0001, the lower it goes the more money we make.
Suissac, The same reason people bought this stock years ago. Hype and hope. The logic now is cost average buyers who bought at $.20, $.18, $.10, $.05 so they can pretend they never paid that much for the stock and it still won't make them a profit either, but saying they paid less per share is more an emotional not an investment strategy and is why so many shares are being bought by 1000's who take this step as the last resort to getting out of this ticker with a little dignity.
And also the bottom feeders who never bought this stock now jump in at $.0004 and figure if it goes back to $.0006 they can make a slight profit.
That is why anyone buying now with even a slight rise in price will make them a few bucks while those who paid more and cost averaged will always be at a loss.
If you bought this stock at any price higher than $.001 from cost averaging or jumping in for the first time at $.001 you will never make any profits from that investment. And buying more now will never make a profit because those buying in now for the first time will sell before any cost average buyers can at a profit.
I am sure a person who paid $1000 at $.10 who has 10,0000 shares figures if they buy another $1000 at $.0004 they will have 2,510,000 shares they averaged down to $.0008 and hope they can sell at $.0009 just to get out and break even. Not going to happen.
Even if someone paid $1000 for 10,000 shares and bought 10,000,000 now at $.0004 for $4000 and they now own 10,010,000 at a total cost of $5000 puts them at an average price of $.0005 that is still on a decline below that. That is why the debt dump will keep the price going down so no one even those paying initially only $.0004 can ever make any money while the cost average buyers are doomed.
A share-selling scheme makes less money if retailers can also sell on even a slight uptick. This is about making money selling just shares and those selling it get all the money and YOU can’t have any of it. They may tell you, you will make a fortune but that is so you buy more from them so they make the fortunes.
It's about money not company performance and selling shares is so easy and with little cost it's all CASH just not for you or any retail investors, sorry to say.
Also the PR about the 200/1 reverse split may have been posted to trigger investors trying to buy more so they have at least some decent share count after the RS. But that may be just PR to unload the rest of the debt shares before this finally ends.
I have my doubts about the RS but even so, the company will just start again selling 200,000,000 at $.12 then back on down like history dictates.
Mattie711, You wrote -->
What do you think will happen to his advisor, Joe Noel?
Answer is; NOTHING!
No one is going to get fined, jailed or even shamed. This is how the OTC works. It's the same with all these schemes. This one is not the exception that will make others say OH NO don't do it.
This is the OTC norm.
The only BAD thing that will happen to anyone is investors losing they're money. And they will lose more as they buy more stocks that are set up the same way.
This is 100% the investors own fault. If people want to toss money into the wind, Chan and Noel will be right there with butterfly nets to catch it ALL!
Shouldhavedone, 10 billion even times $.0005 is $5,000,000! Not a bad way to finish this off. Selling 50 million per day should wrap this up in a few months.
Our tally net on the short is just under $75,000. Anyone else make $$$ on this who did not short this ticker?
If you say yes, your lying.
Suissac, you wrote --->
MallenNV: It's all on record, and you were right,I learned the hard way on this one but, jimmy isn't out of the woods yet.
He's not out of the woods because he was never in the woods. He will never be charged, arrested or even issued a warning.
I even doubt they will even do the 1/200 RS.
SUISSAC, That is what I have been telling all of you for weeks and months. The ONLY ones selling shares are the company debt conversion share holders. They keep the price on a constant decline so YOU and all the other retailers won't be able to sell other then at a loss.
As long as people are buying these shares regardless of the price decline, the company will always have shares to sell. Endless amounts of shares.
NO one makes any money other than the company and debt diluted shares all thanks to the 10,000+ retailers who jump in with a few hundred bucks and some who invested $1,000's (OUCH)
The BIG mystery is why do you and others keep losing money on these tickers playing into their marketing scheme and by their rules?
PLAY THE GAME! Not the losing way but the winning way.
T35, You wrote:
This particular stock does go continuously down and never ever has a run that could threaten a short position.
Thanks
You want the shares to drop in price, that is how you make money on the difference when selling high and buying back low.
When SGMD does the 1/200 the shares will quickly list at $.12 maybe less now. As soon as that happens you sell them short and when the shares drop back down in price is how you make money.
One problem is they may not do the 1/200. The reason is SGMD may want to just finish unloading billions of more shares cheap and to do that they figure investors will not want to end up with far less shares after the RS so they figure at this low price to load up so when the RS happens they will have more shares believing they will rise up above $.12 and make a slight profit.
This maybe a smoke screen to get those last billions sold and then rather then doing the RS they just fold the company. If they do the RS they may have to change cusip numbers and in that case a ticker change.
You may get 1/200 but they may be a new ticker and the same process that allowed them to sell the initial 200,000,000 for $18 will happen again and as such, new dilution of the new ticker.
And the same people who bash this stock after cost averaging will do it again and again and never let up.
When there is this much money to be made selling just shares, and with corporate actions to allow it to continue, you can see how these schemes keep dumping and diluting. Then they do it all over again.
All this is the fault of investors who keep the money rolling into these schemes. That is why you short them.
PLAY THE GAME!
BasaoT35 correct but most don't want a margin account or don't have enough $$$ to back a short up.
Remember SHORTS need to be registered so you short the shares as longs to bypass the short registration.
You can make a KILLING shorting OTC stocks because on the data you know what WILL happen and when.
The only issue is GREED! The most you can make is what you shorted while most want to buy in low ($.0005) and sell on the intended rise to $1.00 and make a killing. Shorting these tickers is a SURE THING to make money. It is also a SURE THING you will never make back your $$$$ waiting for $.0005 to rise back up.
PLAY THE GAME!
And after the split it will go right back to $.0005 but NOT after the quick rise up from new investors and a fast short position before further dilution.
Their is money to be made on these stocks buy you have to play with the house not against it.
PLAY THE GAME.
And you actually believed all that? GOOD LORD!
I do not trust the CEO which is why I am set up to short this ticker "again" and make the difference from the short high sell to the low priced buy back.
I do not trust the CEO but I do trust that more investors will jump in like they did at $.18 and the same pattern will follow as the new buyers at $.12 will be hoping the shares drop so they can buy more and cost average. It always does.
If you or anyone who owns shares now believe that they will rise up to $1.00 like they will PR to the new suckers and you all end up buying more for the fact you may actually believe they will rise to $1.00 but with the 1/200 you won’t have enough shares to make the big bucks so once again you and others will buy and then soon after buy more when the dilution and cost average happens.
That's when I get out. I figure we will short about $80,000 at $.12 and buy them back at $.01 and net $74,000. Easy money! If they rise up we have another $80,000 on stand buy to short some more.
The reason why you and others do not short stocks is you want to invest $1000 at $.001 for 1,000,000 shares and hope they go to $1 to make $1,000,000 not $74,000 on a short play. When you short you cannot make any more then your short sale. That is why this is guaranteed for me. I know 10,000 will buy and cost average to just me who will short the stock while you try to turn $1000 into $1,000,000. I know I will make another $75,000+ on this but I also know you will never make back even your $1000 doing it your way. Sorry to say.
Either way eventually the shares will tank back below $.01 that is guaranteed!
The shorts will be sold as longs (shorts disguised as longs) to bypass the short registration forms so they do not show on the short position percentage.
Even if the shares rise a little, they will always end up back to $.0005 even after the RS. They ALWAYS DO! And if they do rise up I will just short more and make that much more when they eventually tank.
The best part is, I can leave the shorts open as long as I want and we all know even you Suissac that this ticker will drop after the RS as they once again add another 10 billion (maybe 100 billion) to the authorized and add more debt on the books.
The truly sad part is, people watching this ticker who do not look at data will think the stock jumped from $.0006 to $.12 organically and be upset they missed that revenue not even realizing they did a RS and they will rush to buy so they do not miss the rise to $1.00.
Eventually they will realize they failed to see the RS and they will also say 'Not to worry" I will just buy more cheap as they tank to cost average.
The only money that will be burned is when I once again light a cigar with a $100 bill.
"PLAY THE GAME"
Stop complaining about things you KNOW will happen. Play the game to win not whine like a kid in his crib who lost his binky.
Use the rules set up by congress to make you money and not by the issuing companies rules. When you follow the rules you are told and not what you should do, you will fail in this game.
YES they are doing the 1/200 and I am going to short the CRAP out of this then buy it all back at $.01
I LOVE THIS!
The Signs of an Energy Stock Scam
The current state of the environment and economy, ranging from rising gas prices to an outcry for reduced pollution, has surged the interest in energy and alternative energy stocks. Per FINRA, this interest appears to have sparked an increase in energy-related stock scams.
FINRA issued a warning to investors regarding this type of investment fraud. Energy stock scams tend to involve a company that is not known and is typically small. There are often a lot of misrepresentations and predictions made in an attempt to attract investors. Scam artists use these schemes to get people to invest, which bump up the price of the stock. They then sell their shares, leaving investors with stock that is basically of no value.
There are legitimate energy investments out there, but it can be difficult trying to separate the good from the bad. Here are a few of the warning signs of an energy stock scam:
Promises of immediate payoffs
Unsubstantiated claims regarding new products, contracts or future stock price
Stock doesn’t meet the requirements of one of the major national exchanges, such as the NASDAQ Stock Market or the New York Stock Exchange (NYSE)
Predictions of huge returns
It is important to mention that there are some schemes out there that promote interests in fraudulent oil and gas limited partnerships. You need to be cautious when considering investing in such a limited partnership. If you think that you may have a claim, do not hesitate to contact FINRA.
With the war in Ukraine and sanctions on Russian oil and gas, these stock scams will make BILLION$ from sucker investors who will take the bait. I will be there as well only shorting the CRAP out of those stocks!
I checked some data. I see some OTC's are preparing to capitalize on the Ukraine war with NEW energy sources (not oil) Many of the OTC schemes with solar,lithium or renewable energy intent ideas (That never make it off the paper plans) will be switching their PR's that used to say.
INVEST in our lithium mine before Elon Musk buys us out
To
Due to the war ALL alternative energy stocks are likely going to explode.
I also see some OTC's setting up the reverse merger and cusip ticker change to enter the WAR market.
More money will be lost again on these new HOT TOPIC schemes. And I hate to say it but most here will rush to buy those shares.
Most cannot help themselves believing they will miss the ONE that does pay off. If never does.
If pump and dumps do what they do to attract investors and SGMD went from PAPER to the hot topic Marijuana, than maybe this week you can bet SGMD will promote they INTEND to supply ammo for Ukraine.
It’s a penny stock . That’s a signal In it’s self .
Long shot from the beginning . Here a spin
On all everyone is saying . Convertible notes are not
Scam if the company has been selling for less then
Original purchased price . This happens all the time .
They are sold to investors , friends and even
Family members . They have the insider info
That we all wish we had . I grant you nothing looks good
Here but aren’t we due for a quarterly report today or tomorrow.
If sgmd produce 1.2 to 1.5 million in cannabis sales then
Sgmd has a shot to become a real company and have 8 million in sales
This year.
The above will never happen. Sorry to say.
Im not giving jimmy a pass but he does what he can to
Keep this company going without the SEC taking him down .
Right or wrong there is no other Way since it cannabis .
The whole industry is filled with people that have speculative past .
The SEC cant take him down if he did nothing illegal.
Sgmd is in LA where the Super Bowl was . They could of had
A great week that week . The one thing about sgmd is they have
Assets that I think total over 10 to 12 million .
Penny land are scams but jimmy for the last 1 1/2 years has
Been reporting to the SEC . SEC has been in his back
Yard for a long time . This gives me hope that they pull out
And make some money . Delivery has Advantages over retail stores
And are more profitable in the end . Less overhead and profits of about 10 percent
Selling shares has less overhead than the actual business and the profits are all 100% selling just shares compared to 10% selling actual products.
More on a deliver . Splitting the stock means not . It’s the same situation
Until they sell more shares . He will dilute the stock
But next month is the quarter he starts planting in April .
It’s do or die time .
Sgmd need Accelerated growth this report and don’t have time for another
Quarter .
The only thing SGMD will produce is more shares.
BesaoT35, here are your answers.
3a10 toxic convertible loans are what destroy many micro cap companies. You are saying that the CEOs and other officers are all in on it. Even the OTC is in on the scam and profits massively from it. This story deserves to be told.
A: The destruction of the company is PART of the plan when the scheme is launched. People have to stop finding WHY companies fail when debt or notes are in the picture. They are part of the scheme and the scheme is to destroy the company. When the dilution is over the company is finished. IT IS PART OF THE PLAN.
Also the OTC is not a regulatory authority, they are a for profit company that is public. IF you created a similar website like the OTC's and called it the TSS (top shelf stocks) you would be able to change small companies a fee to also be listed on your website. The OTC is just a free enterprise public company that only cares about their bottom line and stock price.
FINRA owns the tickers not the OTC. The OTC recently told non-paying STOP sign companies to pay $6000 or they will be no longer able to post on the OTC. It is the same as you have a FREE ad on a website. If you do not pay, you cannot be posted. That is what the OTC is. They don't care if tickers are legit or not. If you pay you can be listed with ZERO regulation because the OTC is just a free enterprise website.
Also: A book on this subject is almost finished and will be available soon to the public.
Why can’t a company simply sell shares that are beneath the authorized share limit and use that money to become a successful business? Is there a list of any or many stinky pinky success stories? Does it ever happen?
A: The plan to be a successfully company is NOT part of the schemes plan. The plan is to sell shares not make the company a success. Again you seem to think these CEOS are just hit with hard times or issues with capital or fail do to notes or debt financing as the reason they fail. They are set up to fail and is part of the scheme.
Also: The problem is NOT the tickers, it's the investors who mostly want to invest $100 at $.0001 believing those 1,000,000 shares will rise to $2 as pumped. They buy in at $.10 than buy cheaper to cost average. They plan on that to happen. WHY do they do this?
If you invested $100 for a $.10 stock and got 1000 shares and those shares skyrocketed to $2 per share, your return is only $2000 and hardly a windfall. The gamble that a $.10 will tank to $.0001 so the investors can add to the 1000 shares another 1,000,000 for the same $100 with the belief that even if they rise back to $.01 they make $10,000 but it never happens.
As long as billions are made selling diluted cost average shares, there will always be tickers ready to take your money. And these high-risk tickers that offer a huge return on $100 is more a lotto play then a real investment strategy.
Can toxic funding be replaced by company share selling or better quality lending? Should or could OTC stocks have a toxic financing rating attached to them as an investor caveat emptor? Thanks
A: These schemes have to use the debt or toxic funding because no real big money investors would touch these tickers. It is easier to get 10,000 people to invest $1000 because they know no one person or investment group would dump $10,000,000 into one of these tickers. WOULD YOU?
Also: all the info to see the toxic or debt funding is ALL right there in black and white on the OTC companies data. No sales, Lots of debt and a huge authorized. That's your signal to take caution.
Howaboutnow: First of all NO ONE is funding SGMD and no one with money that is a serious investor would touch SGMD. If they did have a source of funding they would not need to target retailers and dump billions in the float.
That answer to your post is NO! 3a10 says it has to be registered but unlike the Sarbanes Oxley act diversions and the debt filings being done with Prohibited Service providers means the referenced data does not end up on the financial statements of any given OTC pump and dump ticker.
This is planned and those behind the schemes know full well any registration would cause red flags. For some reason you and others actually believe this market is legitimate and MUST adhere to rules and regulations. That is about as naive as walking into a high crime area with a bag that says “NY BANK $10,000” and flashing a gold Rolex and saying to your self that crime is illegal so your safe.
When $50,000,000 or more is on the line with the plan to take retailers money on the scheme, rules and laws are no longer a part of the equation. The fact that pump and dumps don’t have much time to debt dilute because of the time it takes for any enforcement action to take place, they debt dilute and shut down the scheme before any actions are taken.
What you are failing to understand is that you for some reason most think this market is so legit and honest that forms and rules have to be followed to the law, which is proven to not be true at all.
SGMD had 200,000,000 in the float, now they have something like 8 billion in the float. That all happened so fast there was no time to wait for 144 or even registration of convertible notes.
What is also unlikely to have happened is the company would have had sell convertible notes that far exceeded the authorized at the time those notes were issued. That is 100% proof this is not convertible notes. And also is not someone funding the company. Who would fund this at a high share price if they see there are not enough shares to back the notes share count?
Anyone with $1,000,000 for shares at $.01 and paying SGMD that note when the shares are $.001 needs seek medical attention.
The only option why this is happening is non-registered (prohibited service provided) 3a10 debt converted to free-traded diluted stocks. As I have said many times that no one is giving money to SGMD on some convertible notes because they know the stock is going to spiral down.
There is one other possibility but that fact that SGMD is only a share selling entity the statements would not matter and also in a way is similar to debt conversions. When a scheme investor wants to dump and dilute, they will in most cases tell the target company they will invest $1,000,000 for a fixed $.01 (discount from the current price of let say $.03) per share on a convertible note that equates to 100,000,000 shares. A 66% discount.
But there is always fancy worded clauses that also says that at any time the stock drops below $.01 (the agreed note price), the company has to issue more shares to compensate for the fixed investments loss due to the shares dropping below the notes $.01 agreed price.
What I mean is this: You tell SGMD you will guarantee $.01 per share and have a warrant to purchase 100,000,000 shares at a cost of $1,000,000 but with the decline in price the note holder legally has the right to get more shares for the same fixed $1,000,000 that the note is agreed on. YES even if the note holder did not even exercise the note they are still entitled to more shares on the note.
The schemers force the market makers to kill the price initially and every time the price drops, more shares are owed to note holders to regulate the agreed price of $1,000,000. The bad part is that when the stock tanks to $.0007 the note holders are protected so they do not lose money at the fixed $.01 cent.
And at that point there is no reason to issue SGMD the $1,000,000 for 100,000,000 shares at a note price of $.01. So that price decline stipulation means that when SGMD tanks to $.0007 the notes $1,000,000 is now calculated and LEGALLY and is owed to the note holders $1,000,000 divided into shares at the same 66% discount.
That means that at $.0007, 66% discount is $.0002 per share. If you now divided the notes $1,000,000 into shares priced at $.0002, the note holder is legally owed 5 billion shares not just 100,000,000. In order to get the shares they have to pay SGMD the $1,000,000 in order to get the 5 billion shares. But since SGMD did not post that revenue yet billons of shares are being dumped proves that no convertible toxic notes are in this play. That leaves only one option.
DEBT CONVERSION that bypasses Sarbanes Oxley through prohibited providers.
One other form of manipulation is the note holders use the notes as collateral to show market makers they have the shares available but in order to issue them they need to kill the price. And by killing the price more shares will be available for less but at the same fixed $1,000,000. Since no money has to be issued to SGMD on the notes while the note shares are being sold, any money paid to SGMD is already accumulated from retailers so the note holders do not have to use their own money.
The note holders know they owe SGMD $1,000,000, that’s a fact. The note holders who know at $.0007 they only have to pay to SGMD $.0002 (66% discount) the scheme note holders have their people sell the 5 billion or more but ONLY if they regulate the price down. If the MMs don’t do what the note holders say, the note holders will NOT cash in the notes leaving the market makers on the hook for shorted shares. But since so much money is being made, they are all comfortable with the situation.
-You promise to give SGMD $1,000,000 for 100,000,000 shares.
-You have the MM’s dump 5 billion knowing the price will drop
-Your note target is to pay SGMD the $1,000,000 when the stock his $.0001
-You create the dilution based on the target $.0001 share price where SGMD would owe you 10,000,000,000 shares for $1,000,000
-The scheme sells 200,000,000 for $.18 ($36,000,000) then another 200m shares at $.02 ($4,000,000) then 200,000,000 more at $.01 ($1,000,000) then another 6 billion on average of $.001 ($6,000,000) All on the guarantee that note is legally binding.
So you take in $47,000,000 and only have to issue to SGMD $1,000,000 and you still clear $46,000,000 before even paying SGMD the $1,000,000 (free money) and SGMD legally had to issues the shares for less that end up in the float.
And also, the note holders who LOVE MONEY and hate paying out money will likely never even pay SGMD the $1,000,000 knowing the company will fold or reverse merge to a new ticker making the shares in SGMD void and also the notes that generated $47,000,000 will not have to be completed so SGMD is also out $1,000,000.
SGMD is not a victim but a partner and since the ONLY way SGMD's CEO would make any money is doing the debt conversion rule. Why would Jimmy do the toxic notes knowing the note holders would never pay or complete the note transaction? And Jimmy AINT working for FREE!
All this is the reality of the markets but again I see no cash influx to SGMD from note holders. If they did show a few million in revenue it would have been from note holders paying SGMD for billions of shares cheap.
I suppose Jimmy could have taken the money as salary or diverted the capital to 3rd party private companies to bypass capital gains and not even pay taxes on a large salary.
One thing that is clear on all this. The company makes and sells nothing but shares be it debt conversions or toxic diluted notes (again this all points to debt conversions) But the situation is SGMD shares are so diluted they will NEVER recover. As long as there are people buying the shares, shares will be available at any price that continues to drop.
Now the delusional investors say $.0009 up from $.0008 were in the GREEN. Then at $.00071 up from $.0007 is green, and soon $.0006 up from $.0005 will also be green. With so much green and no one making money.
You have ask your self is the green real or Astroturf.
Howaboutnow:
You wrote:
Interesting. I thought it was convertibles that have been hurting the otc markets because of the discount to market with a look back clause. Driving the price down to get more shares at a better price.
I didn’t see that Sgmd had ever done a 3a10 in their filings that’s why I was asking.
Here are the facts:
SGMD does not file the 3a10, that is filed by the ones who received the shares. Once someone pays SGMD's debt, the debt is paid to a 3rd party SGMD debt holder that ALWAYS reroutes back to the CEO. That way he gets the debt paid to him through another entity.
Once the certificate (restricted) leaves Jimmy hands when debt is paid, SGMD does not have to do anything other than post the increased issued (eventually if ever)
When the debt payers get the cert, they file to prove they paid debt and they force the restrictions lifted so they can sell them cheap but far more then they paid.
All this TALK of convertible notes is FALSE. Remember those telling you about them being convertible notes are the same people saying SGMD would go to NASDAQ and end up $8.00 per share.
These OTC's set up the scheme, dump shares high on initial PR, over sell the shares, increase the authorized, add 3rd party debt. Debt is paid (Fractions of the shares price) and dumped into dilution and the CEO gets the debt 3rd party money.
Simple, legal and is how its done by all OTC pumped tickers.
All the chatter about:
Convertibles
Note holders
NASDAQ
Mergers
Acquisitions
Those words are used to detract from the debt conversions. PLUS the bonus is people end up accusing the convertible note holders of dumping the shares when the fact is, it is the COMPANY!
Howaboutnow, 3a10 allows any public company to issues an unlimited amount of shares if debt is paid. It applies to all OTC tickers.
If there were no 3a10 allowed, SGMD would not have been able to issue 10,000,000,000 shares as debt is paid creating the dilution and SGMD would just fold.
If 3a10 were eliminated, SGMD would not exist so they need 3a10 to issue shares for debt in order to generate revenue because all they do is sell shares.
Only valid companies would survive on the OTC if 3a10 is eliminated, companies that actually make sales and sell things to generate revenue would survive on the OTC and their stocks would rise significantly.
Also if the OTC had 5000 tickers just fold, they would lose about $10,000 per ticker who pays the OTC to allow the scheme to thrive even under 15c211 rules. 5000 x $10,000 lost due to no 3a10 is a net loss of revenue for the OTC of about $50,000,000 annually and the schemes make Billions. All from retail investors trying to make a fast buck.
Remember in all this, someone has to lose so others can win and the masses spending $500, $1,000, $5,000 on these schemes is the cash cow for those who win. Anyone can say they lost $500 and it won’t put them in the poor house but when 20,000 spend $500 on one ticker, the debt investor is getting quotes on a $20,000,000 yacht.
Imagine the $200 billion annually lost to 3a10 stocks put into valid companies that do not (cannot) dilute and actually expand and succeed! The OTC would be a better risk then NASDAQ and NYSE combined.
If 3a10 was gone back when SGMD had 200,000,000 in the float at $.18 and could not dilute or issue debt shares, and IF they did use the money they raised before the debt dilution to make the plan work, SGMD shares would be in my valid opinion $25.00 per share. They know they had no products or sales and 3a10 is the easy to way make fast cash with out working for it.
There are two options for OTC tickers. Make the company work and keep the shares strong or don’t make the company work and kill the company. Either way they would end up with millions but 3a10 is the path of least resistance.
And since most schemes intent PR never even comes close to being implemented you can see how that 3a10 is the culprit to all this anger and frustration.
NO ONE should be buying shares in a ticker that increases the authorized to 10’s of billions and only has debt on the financials. That’s the salt and pepper on the T-bone steak that investors never get to eat. They are only fed the bone.
That is the ONE factor in all this with our without 3a10, NO one wants to work to make the company a success and the stock rise UP. These 3a10 deals know that the retail investors want the same thing. Fast profits on a small investment.
In a way the investors who want the same as the schemes have to know that if they both want the same fast cash on little investment, one has to ask If both sides want the same who is the one spending money and who is receiving it.
Imagine if every OTC listed ticker was valid and profitable and making money? The shares would make everyone mega bucks. And because NO SANE legitimate fund would ever invest in a scheme like SGMD due to he 3a10, if 3a10 was gone, small start ups and OTC’s that remained listed would have Warren Buffet, Franklin Templeton and all the major investors buying inside shares.
ONE small change to the rules and 5000 OTC’s would vanish leaving all the valid worth investing tickers active. One problem also is, the same OTC’s investors who want the same fast big windfall on a small investment would not be able to buy 5,000,000 shares for $.0001 for $500. But isn’t investing $1000 to make $100,000 a good thing when it would happen vs. the $100 to $1,000,000 never happening?
Investors need to CHANGE their thinking and stop being JUST AS greedy as the 3a10 tickers they invest in.
Also to note: 3a10 does not need SEC approval so it’s CLEAR sailing for the diluting debt dump.
You can change the rule!
But you have to have Nancy Pelosi and her cronies change the rule. Good luck with that.
Suissac, Here is EXACTLY how to take action-->
FIRST!
You cannot get congress to take action against the SEC. The SEC is regulated "BY" congress.
All that you are complaining about are rules created by congressional laws that the SEC has to follow. If you want to really make a change, here is exactly how to do it.
First get hold of about $20,000,000 then run and win a congressional seat in your district.
Once you win spend about 10 years working you way up the ranks and then try and move up to the finance and securities oversight committee.
Once there, start to write new laws to eliminate the 3a10 debt conversion rule but remember, you have to have other congress members back you up so it goes to the senate. And since most congress members profit by the current rules, making the law change will not happen.
So you will have to run for the Senate then president and also win the oval office. Once there you may be able to ask congress to change the rules if they agree which they won't.
But if you are able to do this and get rid of the 3a10 rule, you can quite being the president come back here to Ihub and scream victory.
SO that’s one way to stop this fraud. The other way is;
STOP BUYING OTC STOCKS!
Green??? How is that a good thing if it went to green today?
Everyone would still be at a loss. Buying at $.05 or more and cost averaging down at $.0007 to end up with a cost average of $.002 and the stock closing at $.00071 to be in the green is a BAD thing not a good thing.
Also the green if it happens is not what you can sell it for but what other victims are buying it for. Any sell on the bid will still put $.0007 investors in the red.
Even if a new investor bought today at $.0007 and it went to $.00071, they would see green on the screen and any attempt to sell would be at $.00069 on the bid.
Green is not your friend unless you can convert it to $$$ in your pocket.
You MUST let this sink in.
The debt investors are the only ones who want to make money by keeping the price on a constant down turn. All the cash you see each day in the sales box above is not what retailers are making but the debt investors.
If you can sell on any uptick means there is less that the debt investors can sell and they will NOT let anyone make money other them themselves.
The debt investors make it so NO ONE can sell other than them and only them, The retailers who are and have been buying this stock is the debt investors money and YOU CAN'T HAVE ANY! NONE, ZERO, NADA!
The only way the debt investor’s stop making money is when the scheme is shut down.