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Interested SGMD visitors, encourage you to DD pattern history of board posters here.......and "there"..:)
How does one access the full interview? Cant seem to locate..Only thing this clip does is introduce BudCars..thx
SGMD historical volume for 1st 17 trading sessions month over month (June) suggests SGMD will again break the O/S monthly increase record set in June2020..Certainly float well over 1B fwiw.
thx,have not reviewed yet..But my first reaction, as I have bitched for months, why doesn't Simon redo NUGS website and highlight the Farm? Earlier after some bitchin, NUGS removed some website portfolio fluff..Now, they need to remove phuckin Asher and Lynx! It simply reminds me of typical otc BS PR fluff..I get it, Simon needed to fluff something along the way..but highlighting NUGSFarm today surely should be enough..and hopefully real.
It concerns me that the NUGS Farm gem appears to be "hidden" in the website press releases, especially to interested first time visitors..Scroll to bottom of web page and find the FB icon and Twitter, and that account presently restricted for unusual activity.. https://twitter.com/NUGS_stock
For the life of me, do not understand why Farm not splattered everywhere on website..Farm almost feels disassociated from NUGS website..Why?..
. PAS, Fitamins, Lyxr, and Florah are now listed as "not operational and does not have material impact on our financial statement Concerning that maybe there exists additional behind scene "wording" with Kumbaya or Espinosa Road II LLC that shareholders unaware of..??
Update NUGS website Simon!!! Surely you won't keep Asher or Lyxr on Portfolio page much longer..
"PAS, Fitamins, Lyxr, and Florah are now listed as "not operational and does not have material impact on our financial statements"..all useless PR fluff imo.
Essentially, the only real money makin' gig is the Farm..Highlight it pronto.
$2.1m notes potentially convert Aug-Dec..and potentially another 1.8B share dilution at today's .0023 close..(@ approx 48% discounted average)
"technically" speaking, existing chart since .007 suggests SGMD continues moving much closer to all time low..Jimmy 8k'd as a material event the $10m May 6 "the receipt of over $10 million in new orders for consumable sanitary supplies and non-medical personal protective items"...and in May podcast Jimmy stated he "hoped to capture up to $10m in next month or two"..Would be nice if Jimmy 8k'd the updated PPE $10m sales projection..We know 100% of those sales hits SGMD financials..
Jimmy's done a lot of pumping with BudCars and PPE..Proof in the pudding come Sept30.
https://www.stockscores.com/chart.asp?TickerSymbol=SGMD&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&
Not SGMD, even though Jimmy involved as a CD holder..The behind the scene Cannabisglobal player connection is quite interesting though.
Jimmy,John Vu,Simon Yu,Alan Tran..Short fella with glasses is David Jackson..He is an accountant, former Hempistry registered agent and Treasurer..also was Madisonville KY Mayor when Hempistry gig started..Likely a KY good ol boy deal somewhere in the process...Btw, Jackson lost reelection, and his Hempistry positions replaced..
That leaves two..:)
Done..:)
Let's start with a notable SEC resume..
And intertwined with Jimmy, Armand (MCTC) and Simon (NUGS).
And lies among us daily...:)
Up 45% on $250 single buy..
One physical location presently..:)
(916) 306-0420 just called
BTW, the gal "not at liberty to disclose" LA location.
Specifically mentioned the 3 (supposed) Sacramento locations and the couple others..nada..just one Sacramento Budcars facility.
hold on a minute, i'll give 'em a call
I saw that ..any phone numbers or specific addresses?
Believe me, worth the tease..:)
Oh, he is..V-e-r-y..You're getting warmer..:)
Several locations? I'm familiar with 5600 Warehouse Way in Sacramento..Are their other physical locations? thx..https://budcars.com/cannabis-marijuana-delivery-service-area-in-sacramento-california
Jimmy puts out a PR July1 that BudCars did $502k for June..Then puts out an 8k today that BudCars did $440k for June..??..I would have figured their new POS software system would be more accurate..Dont those systems do daily running totals?
Get ready,ERBB CD team looking for a payday!
Curious, why did you ask about the guy in the black hat? !!
BTW,jimmy back right in light blue shirt.
thx for link..the podcast emphasizes BudCars, and at the 7.52 minute mark in interview Jimmy states we might be able to capture up to $10m PPE revenue in next month or two..For the life of me, don't understand why Jimmy ain't pumpin' PPE sales potential..Carryout reports 2000 restaurant paper goods clients..Covid19 PPE sales potential should be sizeable.
https://audioboom.com/posts/7578935-sugarmade-inc-and-its-partner-budcars-discuss-the-potential-of-on-demand-cannabis-delivery-on
My understanding is 40% minority holder SGMD only reports under "Investment"..welcome any accountant to weigh in..Suspect Jimmy has a reinvestment understanding to expand BudCars..
Good question..Cant seem to get clarity on their existence..AG unaudited financials claim over $400k in (Zazzz?) inventory asset..Hmmmmm?
Recall OG Tea owner Crystal Pebbles posted AG were 'bad people" on FB..lol
Suissac, Jimmy's BudCars revenue update for Apr/May/June is $1.16m..Assuming SGMD owns 40%, it appears that since SGMD is not a majority owner, then SGMD is not able to report BudCars ($460k) revenues in SGMD 10K due Sept30, although SGMD is able to report BudCars monies as an "Investment" entry...so far, $700K..And surely that will increase moving forward.
SGMD Q1 reported $462k revenue, the worst quarterly since 2014..By far..Imo, Carryout Q2 will be $600-850k, without PPE sales..
Jimmy did mention that PPE ordering ( beta?) gig started in March..After initial sales, confidence to get more involved..That's when Jimmy PRd May6 he had $10m in PPE orders ready to be filled..Jimmy also verbally stated in May podcast with BudCars Clint Walker that he hoped to capture up to $10m in PPE sales in next month or two..His words. Carryout had 51 days to "capture" PPE sales that would appear in Sept 10k filing..Certainly,one would think their will be a significant PPE revenue presence if Jimmy was on the up and up..
Posted earlier that I contacted several of Carryoutsuppies PPE producers for pricing, volume, delivery time..Their responses indicated they could promptly produce goods, and timely transport airfreight..IE..one of Carryoutsupplies vendors produces 500k kn95 and 300k 3ply masks daily..
Suissac, BudCars activity encouraging, but we do not know all the contract details..Remember BizRight? ..BudCars could be huge, but Jimmy's $10m PPE ain't no slouch..
Suissac, if SGMD not able to report their 40% BudCars revenues in Sept10k..and capturing up to $10m PPE by June30 didn't happen, I'm curious how you think market will respond toward Sept30 10k, especially with a fast growing O/S?
Would love for Jimmy to update PPE PR...and maybe you could enlighten us with some BudCars conversation? gltu/us buddy..:)
Convertible note 25: On August 14, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $153,000 (includes $3,000 OID). The note is due 360 days and bear an interest rate of 10%. The conversion price for the note is 65% of the average of lowest two closing bid for the 20 consecutive trading days prior to the conversion date. As of March 31, 2020, the note has been fully converted
Convertible note 26: On August 29, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $275,000 (includes $37,500 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Convertible note 27: On August 29, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $275,000 (includes $25,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Convertible note 28: On September 23, 2019, the Company entered a warrant settlement agreement to exchange convertible promissory note for a total amount of $200,000. The note is due 360 days and bear an interest rate of 10%. The conversion price for the note is 55% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date. As of March 31, 2020, the note has been fully settled by $127,321 of cash and 18,181,818 shares of common stock.
Convertible note 29: On September 27, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $165,000 (includes $16,250 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Convertible note 30: On September 27, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $165,000 (includes $16,250 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 55% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Convertible note 31: On October 28, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $225,500 (includes $23,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Convertible note 32: On October 28, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $225,500 (includes $23,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Convertible note 33: On November 14, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $125,000 (includes $3,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the average three lowest closing bid for the 10 consecutive trading days prior to the conversion date.
Convertible note 34: On November 29, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $106,150 (includes $11,150 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Convertible note 35: On November 29, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $106,150 (includes $11,150 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Convertible note 36: On December 10, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $106,700 (includes $11,700 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Convertible note 37: On December 10, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $106,700 (includes $11,700 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Convertible note 38: On December 27, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $112,200 (includes $12,200 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Visitors,tread carefully through intentional misinformation..ERBB being pumped supposedly generating Nipton income through supposed 15 yr leases, yet ERBB recently removed any sign of Nipton from its website..and MagicalNipton twitter temporarily closed..
thx..will take a look at Montebello and see if they have an online permit tracking portal for public viewing.
fwiw..
On April 2, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $100,000. The note is due 365 days and bears an interest rate of 8%. The conversion price for the note is 40% discount to the average of the three lowest trading prices during the previous ten trading days to the date of a conversion notice.
On April 4, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $100,000. The note is due 365 days and bears an interest rate of 8%. The conversion price for the note is 58% of the average of the two lowest daily traded prices for the twenty prior trading days including the day upon which a notice of conversion is received by the Company.
On May 2, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $125,000. The note is due 365 days and bears an interest rate of 8%. The conversion price for the note is 40% discount to the average of the three lowest trading prices during the previous ten trading days to the date of a conversion notice.
On May 7, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $125,000. The note is due 365 days and bears an interest rate of 8%. The conversion price for the note is 58% of the average of the two lowest daily traded prices for the twenty prior trading days including the day upon which a notice of conversion is received by the Company.
On May 29, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $125,000 (includes $2,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 40% of average three lowest closing bid for the 10 consecutive trading days prior to the conversion date.
On June 12, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $125,000 (includes $2,500 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 58% of average two lowest closing bid for the 20 consecutive trading days prior to the conversion date.
On July 3, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $125,000. The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 40% of average three lowest closing bid for the 10 consecutive trading days prior to the conversion date.
On July 30, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $162,000. The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
"At February 17, 2020, there were 713,207,811 shares of common stock outstanding" per 10Q released 2/19/20.
OS 1,700,132,897 and Unrestricted shares 1,526,163,787 as of 6/30.
SGMD OS rose nearly 1B shares in 4.5 months..
70 days passed since CEO stated Carryoutsupplies "hoped to capture up to $10m in a month or two" in PPE sales per podcast..Jimmy? Hellooooo
Are these 1st time unique visitors? I visit 3-4 times monthly just to observe any changes..(never purchased)
NUGS share price nearly doubled in last 30 days.
If anyone has Clinton Walker's email please PM...thx
.0014s will be introduced via ttrades next week..Pete needs to bite the bullet and bring back Critical Thinker Shearin's creativity asap.
NUGS should overhall their website "Portfolio" asap and FEATURE NUGS Farm!!..Dont understand why they have not..The Farm isn't listed in the Portfolio page..??..Why does LYNR remain? Visitors,especially inquisitive first timers, wouldn't know Farm exists on website without a bit of click digging.
https://cannabisstrategic.com/
thx, good news..Asher amounted to little more than fluff..Should do same with Lynx imo..
link please,thx..Asher still listed on NUGS website portfolio.
BTW,per financials verbatim:
"Loan Receivables
On August 1, 2019, the Company loaned in total amount of $196,000 to Hempistry Inc. The borrower promises to repay this principal amount to the lender in the form of a 12% stake of borrower's hemp crop located at Madisonville, KY, during borrower's 2019 crop harvest. If 12% of borrower's 2019 crop does not result in a yield of 13,800 pounds of dry hemp biomass, borrower shall provide additional dry biomass above and beyond the 12% lender is entitled to, to assure lender receives at least 13,800 pounds of dry biomass as payment to this loan.
As of March 31, 2020 and June 30, 2019, the loan receivables were $206,500 and 85,533, respectively."
I guess Jimmy did update in the financials..Appears SGMD received zip so far..
$700k does.. Scroll down to "investments" You'll confirm $700k in Jan/Feb/March Q..and did not exist in Dec31Q filing..Also, there is a statement in March31 Q verifying $700k investment in filing
per Q, "
As of March 31, 2020 and June 30, 2019, the Company made investments in total of $1,583,958 and $0, respectively. The $1,583,958 included $883,958 paid for BZRTH acquisition for the year ended June 30, 2019 which were recorded under prepaid expenses and advance to investments, and $700,000 investment in Indigo Dye Group Corp during the period ended March 31, 2020".
true..last Q confirms a $700k investment during the 3months, all indications BudCars..
My problem with the 40% is accounting for BudCars revenue..It appears that SGMD would need 51% to report BudCars revenue in financials, although SGMD is able to report BudCars assets at 40%...but idk how market will respond to the pumped BudCars millions and they dont show up in SGMD financials revenue column..??..Big difference reporting multi millions in Bud revenues vs couple mil in assets..When you get a chance research revenue accounting for public companies that own less than 50% of a subsidiary..Welcome any CPA input.
Now, we understand there is an option to acquire another 30% BudCars for SGMD controlling interest, but we have no idea when and what those terms are..Maybe SGMD has to meet the 3-4 location expansion prior to exercising option? idk..That would be real transparancy on Jimmy's part to 8k contract terms verbatim, like pal Simon did with NUGSFarm contract..
How long will it take for SGMD to exercise 30% option, if ever? BudCars could do $25m, but at 40% i am not sure GAAP accounting allows SGMD to report Bud revenues..??..Not pumping, nor bashing..just want to see Bud revenues in da' revenue column..:) And that's why i want Jimmy to update Carryoutsupplies PPE sales..If his $10m PPE order on the up and up, and remote chance of 1-2 month horizon..then they hit SGMD revenue column fo' shizzle in upcoming 10k..