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The good news is that there's this website called OTCMarkets.com. Now you see, the way this works is, you click on that website and then type in SIGO and if you look over on the Company Profile section, it'll tell you and the rest of us what the Market Cap happens to be. It's in that shaded gray section if you've never been there before.
Thanks and good luck with that. UF
12 months from now there will be people holding $10 PPS SIGO shares and at that same point there will be a subset of people still debating the accuracy of filings, preferred conversions and accuracy of asset values. I personally choose to join the first group...what about you, Camp?
Then WHY do I ALWAYS forget to mention those? Golly Gee Willickers.
BLOCKBUSTER POINT!! Thank you for bringing up this very important issue. You are correct. The current Market Cap is not $3M, it is $3.08M, sorry. And as for the Preferred, there are 4.6M Preferred in officer hands. They only become 46M upon conversion, but now that you mention it, (in a very misleading way I might add), let's look at exactly what they said just two days ago about those shares...
You got that right. 3M market cap is crazy ridiculous! UF
CEO T.J. Magallanes stated, "Nothing creates a sense of urgency like a long term lease, so our entire team will be moving quickly to meet our own internal projections and to meet demand for product. We have an excellent team of a little over 20 experienced people now and additional personnel will be added along the way as we ramp up production.
Mr. Magallanes continued with, Recently we began development and growth of an additional six thousand square feet literally within a few yards of our existing facility. These six thousand square feet was a small part of a 32,000 square foot facility and as luck would have it, the original occupants have decided to step away and the opportunity was too great for us to pass up, so we have agreed to acquire the 32,000 square feet from the original occupants. All of it will be used for grow space.
Mr. Magallanes also stated, Our original 22,000 square foot facility is comprised of 10,000 square feet of grow space and 12,000 square feet for drying, trimming, etc. Once fully developed, these two facilities combined will encompass 54,000 square feet, 42,000 of which will be strictly grow space and the remaining 12,000 will be used strictly for prep. Our goal for phase one of expansion remains 152,000 square feet of greenhouse space and this strategic move is a step that gets us to that point much faster than originally anticipated.
Your reputation is intact, I assure you.
"As of today, we currently have 4,671,771 shares outstanding. Yes, revenue from cannabis clones is a very real opportunity for us and as we ramp up, clone revenue alone could be in the millions of dollars by this time next year. Yes, we continue to believe that $200 per square foot of grow space annually is a very conservative, but realistic expectation going forward. Yes, we have the funding necessary for expansion and no, neither Valerie or I will take any salary going forward; only monthly dividend payments, the same as our shareholders. Yes, officer shares are in fact locked up for three years minimum as they convert three years from conversion date, but we dont have any real reason to ever convert those shares because as weve shared before, we are building this business to become an attractive acquisition target and whether that takes two years, three years or five, our shares are more about maintaining majority ownership than anything else. And finally, no, we do not have any significant debt as a company and we plan to keep it that way for the very same reasons."
There are multiple inconsistencies in this post IMO based on prior posts, PRs and filings.
There are at least six points in your post that are inaccurate or misleading based on recent filings and PRs. UF
Do they even own the front doors on the greenhouses? I don't see anything in the filings about them specifically owning the front doors. Sad
There are at least five things wrong with that statement IMO based on recent filings and PRs. UF
Once again, Revenue from August...Filing from July.
There are at least five things wrong with this statement IMO based on PRs and filings.
If this is a scam, may all my future plays be scams, too! LMFAO!!
They will, I'm sure.
Rooster, how could this become a monster MJ play when they only have 4.67M shares outstanding and a market cap of a little over 3M? How do you expect this small company with no debt, who's officers take no salary and pay out a monthly dividend to ever become a monster MJ play? I mean my goodness, they've got their own shares locked up for three years and they're only expanding 12fold in the next year, so I ask again...with several folks calling this a scam, how will it ever achieve success?
Alan, do they own the box of disposable gloves I saw in one of the pictures or were those photoshopped?
I think they own the stems, just not the leaves.
ROTFLMAOBOTDAMFs!!!!
There's at least four things wrong with that statement IMO.
Logically, there are about six things wrong with that misleading statement.
We're prepared to correct the record and post the facts all day every day. It's why the board is in place to begin with. GLTA UF
Yeah, that's great that it's been filed, but it's irrelevant going forward IMO. UF
That's what I was going to say. Just boilerplate text. August revenues $190K. On a forward looking basis, that's $2.3M minimum annually, but as we know it will be closer to $25M once the expansion is completed. UF
There are several PRs and 8Ks that have covered the revenue generated in August, so it's not wrong, just from the past, so therefore inaccurate.
I think it's time we coordinated a big Wagon Loading event for SIGO. Once it finishes consolidating this time, we'll put out the invites. I think it's time to bring on the big guns. Glad you're here, SM!!
Old News. Per discussions that others have had with company execs, there are a few things wrong with that general statement. UF
Only Seven?
They're just getting started. That will look a whole lot different 3mo from now; 6mo from now. UF
Where's the money coming from? You talk like they have NO options. There are plenty of places to get funding if you're set up for success. I could care less where they're getting it from. The important thing is they've got it. BOOM!
I'd like to do that. Maybe on the October event. We'll see. UF
Live and learn. UF
100K shares, yep you sure can. If about 45 or 50 people get the same idea, you might see a price much higher than that. These low floats tend to get tight on the way up. UF
The company is owned by TJ, Valerie and the shareholders...period.
Big Whoop and B shares are irrelevant until September 2018. A non issue.
Been trading at this level for well over 20yrs. That's exactly what happened, but they can't stop this one, only attempt to slow it down.
They moved a little, but so what? Even when they finish up the build out to 152K square feet, they said they'll have less than 7M shares outstanding. That's around 25M in revenue with 7M shares. BOOM!!
..."so let me once again cover a few of the most recent questions and answers. As of today, we currently have 4,671,771 shares outstanding. Yes, revenue from cannabis clones is a very real opportunity for us and as we ramp up, clone revenue alone could be in the millions of dollars by this time next year. Yes, we continue to believe that $200 per square foot of grow space annually is a very conservative, but realistic expectation going forward. Yes, we have the funding necessary for expansion and no, neither Valerie or I will take any salary going forward; only monthly dividend payments, the same as our shareholders. Yes, officer shares are in fact locked up for three years minimum as they convert three years from conversion date, but we dont have any real reason to ever convert those shares because as weve shared before, we are building this business to become an attractive acquisition target and whether that takes two years, three years or five, our shares are more about maintaining majority ownership than anything else. And finally, no, we do not have any significant debt as a company and we plan to keep it that way for the very same reasons."