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Close.... the current 52-week low is $26.02.
GLTA
Today is Dividend pay date.... again thank you!
GLTA
10-Q for period ending Sept 30, 2017, Q1, just filed. Was due on Nov 15th, 2017. Only 204 days late, with info that is now 8 months old. Released after 5pm on a Friday, in the hopes that the effect will wear off by 9:30am Monday.
Accumulated deficit $29,647,742.00.
Next up, the spin doctors will tell us why this is good.
Am I cynical about this......you bet I am! It just ain't funny anymore!
GLTA
Hi there, just found you folks.
Is there any data on the percentage of OTC stocks that survive or fail after a R/S?
Thanks much and GLTA.
Well Jimmy Chan, I hope your satisfied!!!
Your management style has managed to drive away the person who tried his utmost best to support you!!!
I think now that you, or whom ever replaces you, will now have to go begging for PPS support.
In my opinion you have just had an extreme case of a, "Vote of no confidence."
IMHO you have now truly become a, "Stinky Pinky", and should be regarded with the utmost skepticium.
GLTA - I'm sorry to say I think we be need'n lots of it!
Very well said!!!!!
GLTA
Food for thought from last filing (10K):
Table 8 has been prepared based on the number of shares outstanding totaling 246,658,026.
Officers and Directors / Amount of Ownership / Percentage Owned
Jimmy Chan / 14,063,502 / 5.71 %
Richard Ko / 4,530,572 / 2.24 %
Greater than 5% Shareholders
Amy Thai and LMK Capital LLC / 20,644,733 / 8.37 %
It looks like the people who are supposed to be in charge here may not be.
If the company only controls less the 17% of the authorized shares, then what do you think the chances of them are to hold a shareholders meeting, and ask the rest of us to vote for increasing the authorized/outstanding shares that will dilute the value of our shares?
This may also be the reason why SGMD has not been diluting like most pinks do.
Is this possibly why they've stopped PR's and financials, because they are in a Catch 22?
No share increase = not able to complete new deals????
GLTA
When a company has good financials to show, they will bend over backwards to get them out to be seen. Sometimes they will even PR them ahead of filing.
When they are doing okay, they will file them on time.
If they are not doing well, they will file late.
When their financials are in the sewer, they will go dark.
No filings.
No PR's.
Stop answering phone.
Stop answering emails.
Exactly correct!
Info about: www.raleighbusinesscenter.com/
North Raleigh Business Center
4030 Wake Forest Road
Raleigh, NC 27609
Otherwise known as Raleigh Virtual Offices & Executive Suites.
This is basically a high end post office box.
What Exactly Are the Benefits of Having a Raleigh Virtual Office?
Premium Business Address and Image at a Very Low Cost
Live Person to Answer and Transfer Your Calls
Physical Location Other Than Your Home To Meet Clients and Customers
Staff Available to Handle Photocopying, Incoming/Outgoing Mail, Postage, etc.
Ability to Instantly Have an Office Available for Meeting
And Much More!
Richards Corp is actually located in Terryville, Connecticut.
AFTC is at 3330 Parker Ln East Stroudsburg PA 18301.
The point here is that AFTC is not really in North Carolina. It's still at Harry's place in PA. Just curious as to why he chose NC for new corp address?
NOT bashing here! Just trying to get the details a little clearer. I have several million of these little puppies and am hoping for the best.
Now all of that said. it does look a bit obvious that AFTC & Richards Corp have the same Agent (at a different address) & Address Suite (PO Box) as well as an interest in job creation..
GLTA
Rumor has it that the temperature in Hell has been dropping. Feels like it's getting close to freezing down here.
Well said Nikki!!
Thank you!!
Jan,Feb,Mar 2018 Q3 is due on Monday April 16th. That's 4 days from today. Unless they file an NT-10Q which will give them 5 additional days to file. This would bring them to Monday, April 23rd.
A study conducted by professors Eli Bartov, of New York University’s Stern Business School, and Yaniv Konchitchki, of the University of California at Berkeley, and published in December 2017, looked at financial market reactions to companies with late filings. The authors found several impacts including that:
(a) delayed quarterly filings have distinctly different effects on firm value than do delayed annual filings.
(b) investors do not accept at face value management assertions about the expected filing date
(c) accounting problems play a unique role in communicating the seriousness of the delay
(d) delayed announcements tend to be followed by continued poor operating and stock price performance.
Read more: SEC Form NT 10-Q
https://www.investopedia.com/terms/s/sec-form-nt-10-q.asp#ixzz5CSszMWLV
Luna,
Much thanks for updating the intro.
VF
GLTA
Monda2Frida's last post, December, 2015. Wonder if Monda's watching and hope all is well.
monda2frida Wednesday, 12/09/15 03:38:45 PM
Re: Luna Tic post# 22034 0
Post #
22035
of 23066
Thanks for all the time & effort you put in here :)
Thank you Luna! That sounds about right.
And thank you ever so much for all of your diligence and efforts over the years. Believe me when I tell you that they have been greatly appreciated by a lot of us.
Very much GLTA!!!!
It sure seems that way JT.
Gee whiz, I wonder what type of business we're getting into now???
I need .005 to break even, or .38 to be a millionaire after taxes.
Oops... gotta run, I think I just heard the pumps starting up...
Very much GLTA!!!!
From what I read, their debt to earnings ratio is somewhat far off.
Should be 3.0x but is only 0.55x.
I guess it doesn't matter anymore, but I am really curious to know how he managed to get Kathy to sell.
Oh well... lets see where we go from here.
If it can get up to .0047 I'll be even. Here's hoping.
GLTA!!!!
Believe it or not!!!!!
They paid the dividend, and I got the cash!!!!!
You got that right!!! IED Booby trap!
Coming anywheres near this $AFTC site could get your checking account number blown off.....
Anyone know when SGMD will be current with OTC markets, should it be now? Today, tomorrow?
2017/2018 Q1 and Q2 are still past due. Q3 isn't due until April 15th.
GLTA
Back in January I asked about this ETF paying a dividend, because that is what ETF's are supposed to do.
Only had one reply, and that was one of skepticism. Well lo and behold wadduhyuh know!
Received this notification from TDAmertrade yesterday, March 19th.
1 Day Before Ex-Dividend Date - March 20, 2018
ETFMG Alternative Harvest ETF MJ:NYSE Arca
$0.0374 Dividend Payable Date: March 22, 2018 Record Date: March 21, 2018
Last Price: $32.11 at 6:13pm ET.
If this is correct it amounts to an annual dividend of 0.1496 or 0.47%.
It's not much, but it is something if it is true.
One can only hope..... GLTA
I'd like to think they heard me..... But then who am I kidding....
This time it's nice to be proven wrong.....
Dividend to be paid out in May.....
Hopefully after they actually pay out, the price will rise.
GLTA
IMO Man you hit that nail smack on the head!
No you are not alone!
So they file the 10-K next week. Great, that will bring us up to date as of June 30th, 2017. Nine months old info June being the end of their fiscal year.
Then they are going to file the Q's in mid-April. Also great. Hopefully that will include the Q3, that is due April 15th, which will show us their current financial standing up to the end of March, 2018.
IMO the make or break here is how much was spent on expansion. The last fins filing was the 10-Q for Q3 Jam-Feb-Mar 2016-17. That quarter showed a net loss of -$2,698,119 and +$76,884 in the bank.
So we wait some more. As far as Jimmy's signature in China, Fed-Ex can turn that around in 3 days.
Much GLTA!
Quote from the SEC/EDGAR website:
"The EDGAR filing process is largely automated. Filings are processed pursuant to the electronic instructions and information provided by filers within the filings themselves. The staff generally does not correct errors in EDGAR filings, nor does it typically intervene in the filing process."
Did they actually say they have filed, or they are done and ready to be filed??
According to SEC/EDGAR, they have not filed.
GLTA
"Also, if you’re going to have a vote on increasing the AS, what’s your plan?"
With OTC stocks, increasing shares usually = Dilution.
Is there another reason?
GLTA
From your mouth to Gods ears. Please make it so!!!
"Additionally, the Company announces the completion of its year-end audit in preparation for its year-end, and other, financial filings and its intent to soon offer formal revenue growth guidance for year -end 2018 and 2019."
Remember that their fiscal year ends June 30th. Not December 31st. It's year end (10K) will bring us up to June 30, 2017. When will we get Sept 30th (Q1) & Dec 31st (Q2) that will bring us closer to the present reality.
"For the past few months, the staff at Sugarmade has been implementing a plan to significantly increase corporate accounting and financial resources to manage the over 400% revenue growth planned for the next few years."
The 400% is fantastic, but is it enough to offset the expenses/debt they have incurred in the past 8 months to cover their expansion?
As of their last filing from March 31, 2017, only days away from being a year since, they had a net loss of $2,698,119 with only $13,395 in the bank.
GLTA
Quote:
"On or about February 14, 2017, the Company’s Board of Directors approved the engagement of BF Borgers CPA PC (“Borgers”) as its principal auditor."
So basically, they fired the auditors who were filing fins, and hired these auditors in February, 2017 who stopped filing fins.
It gets curiouser and curiouser.
According to Edgar filings, their Fiscal year ends in JUNE
1Q ends Sept 30th
2Q ends Dec 31st
3Q ends March 31st
4Q ends June 30th (Fiscal year)
2Q Oct, Nov, Dec 2017 was due 1/15/2018 is now 38 Days late
1Q Jul, Aug, Sep 2017 was due 10/15/2017 is now 130 Days late
10K(4Q) Annual 2016/17 was due 8/15/2017 is now 191 Days late
3Q Jan, Feb, Mar 2017 was due 4/15/2017 was filed 37 days late
2Q Oct, Nov, Dec 2016 was due 1/15/2017 is now 403 Days late
And again, more dilution......
Resume Dividends?????????? (not)
Dilution????????????
First off I am not a basher. I do have a sizable amount invested here and would like to increase my holdings. However, I am concerned about the lack of responsibly of the management to get the financials filed! IMHO the excuse that they are to busy or there is no one to get them done is a pretty crap/lame excuse after this amount of time. It is more likely that the numbers are too scary and they're hoping they'll get better.
As of today there are four reports not filed: (Fiscal year 10K ends June 30th)
2Q 2016................379 days late
10K 2016/17.........167 days late
1Q 2017................106 days late
2Q 2017................14 days late
They talk of up-listing....This can't even begin without filings being up to date.
Share price reaching $1.00+.....This too IMO will not happen for same reason. I do not think it will even reach $0.50 cents until they file. The longer they go without filing the more the share price will slowly sink.
Also IMHO, no serious investors ie: very deep pockets / institutions / etc, will touch this without knowing the true/complete financial status of the company. Neither will I.
So if any of you have any input or influence with the management, I strongly urge you to encourage them to get the paperwork finished.
I strongly believe that if what the PR's have said is correct, $SGMD is potentially a great investment. I would not have written this if I didn't.
GLTA
I am already into $MJX, however, there is one piece of the puzzle that stops me from getting any deeper, and that is:
Distribution Yield / Dividends
With the ton of DD that is supposedly out there, any info about Distribution Yield seems to be very illusive.
When I first looked at this stock in December, 2017, $LARE was paying out on a regular basis. Since the first of the year even this info on $Lare is no longer available. The only mention I can find is on Scottrade, who I have found to have incorrect info half the time over the last 9 years.
Currently they show $MJX info:
Distribution Yield______________12/31/2017_______2.55%
Ex-Date_____________________12/26/2017
Date of Record_______________12/27/2017
Last Distribution________________0.2417
Pay Date_____________________12/28/2017
Capital Gain Distribution Date_____12/26/2017
So, my question is, "Does anyone have any info / hindsight as to what the Distribution Yield is expected to be". This info would be greatly appreciated.
Thanks ever so much and Good Luck to All.
Does anyone know what the dividend situation is for $MJX?? I can't seem to find any definitive info because of the ticker change from LARE to MJX. I found the distributions under $LARE. I read all the posts since the change in December and cant find any info.
Thanks in advance.
VF
Totally and completely empty. People have tried to buy the shell from the widow of the founder who owns 70% of the shares, but she won't even talk to prospective buyers. There are no patents and never have been. The founder didn't trust them. She even kept his death a secret for 6 months.
The last filing was on Feb 21, 2011.
There isn't any company any more. Therefore no taxes.