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I respectfully disagree with you Sir. But if it makes you happy, I'll take out 95% and put in "the majority". Thank you. Everyone else, please read below. Mods, this is not a duplicate, i am simply respectfully responding to a response to me, and I even went a step further and accepted his position.
DD/ARTICLE:
The Arcview Group (and fortune magazine as well as a dozen other reputable journals) forecasts the California MJ industry to grow to $7,600,000,000 in three years. That's 7.6 billion dollars folks.
http://www.marketwired.com/press-release/new-california-marijuana-market-projection-2173911.htm
In one year, all cannabis MUST BE TESTED.
SGBY has the majority of the Oregon Market and will open up 17 more labs in California. They just acquired one with 1300 customers. Typical testing averages out to be $300 per sample (full array of tests) and usually it's done for every 10lb batch. Let's just say these customers test 4 times a year (very very very conservative....again 10lb batches). That's 1.56 million dollars in revenue. Multiply this by 17 labs and that's 26.5 million dollars.
Some argue that it's seasonal, but in door grows and EDIBLES are not seasonal. Force people to put edibles on the discussion counter...it's conveniently"forgotten."
Do the math folks.....the industry is saying SGBY could be the quest diagnotistics. Where else can you folks invest in a testing laboratory on the OTC?????? This is one of the best penny stocks to stay long. If you keep frantic buying and selling, it does nobody any good.
DD/ARTICLE:
The Arcview Group (and fortune magazine as well as a dozen other reputable journals) forecasts the California MJ industry to grow to $7,600,000,000 in three years. That's 7.6 billion dollars folks.
http://www.marketwired.com/press-release/new-california-marijuana-market-projection-2173911.htm
In one year, all cannabis MUST BE TESTED.
SGBY has 95% of the Oregon Market and will open up 17 more labs in California. They just acquired one with 1300 customers. Typical testing averages out to be $300 per sample (full array of tests) and usually it's done for every 10lb batch. Let's just say these customers test 4 times a year (very very very conservative....again 10lb batches). That's 1.56 million dollars in revenue. Multiply this by 17 labs and that's 26.5 million dollars.
Some argue that it's seasonal, but in door grows and EDIBLES are not seasonal. Force people to put edibles on the discussion counter...it's conveniently"forgotten."
Do the math folks.....the industry is saying SGBY could be the quest diagnotistics. Where else can you folks invest in a testing laboratory on the OTC?????? This is one of the best penny stocks to stay long. If you keep frantic buying and selling, it does nobody any good.
SGBY may never be a $20 company but is my penny investment good if it becomes a dollar company?
California by 2020 will produce half the revenues in the US for MJ. Is there any lab we can invest in that is traded publicly that has a foothold in the west coast?
Edibles and indoor grows ARE NOT seasonal.
According to Fortune Magazine, California will account for 53% of legal marijuana users by 2020 for the entire country.
http://fortune.com/2016/02/01/marijuana-sales-legal/
Simply stated....go SGBY :)
Buying more tomorrow on the cheap. And holding.
California has the sixth largest economy in the world. If pot goes recreational, conservative economists project a multi billion dollar industry that will grow. So you can still daytrade but even the big boys will be looking to invest cheap for the long run. SGBY is a good investment. That's why I got in under a penny. Even the skeptics on this board will think about investing.....trust me they won't wait a year.
Cheers! Go sfor!!!!!
Thanks Magnum. Agree with you wholeheartedly. All my peeps in Cali says Prop 64 is passing. SGBY is ahead in the game. Slow steady expansion, hub and spokewheel design. That $60,000 goes a long way to hire law firms and accountants and help offset the costs of acquisition.
Besides who won president...you know what the second biggest headline is going to be?
"California passes recreational Marijuana"
This is not a fake company. They are a science and technology company that will be capitalizing on new regulations. After next year - testing is mandatory in California. Gives us one year to keep expanding. The 1300 paying new customers we just acquired is going to help. And they pay $300 every batch. That's $390,000 dollars in revenue. Labs usually require testing every 10lbs of marijuana. Cash cow in my opinion.
Exactly what I forecasted. Trying to make this lab grow that we know is going to happen. We should see significant gains for the longs.
Tomorrow there will be millions and millions of dollars getting invested. How much you think will go into marijuana testing :) stay long folks.
http://www.dailybulletin.com/business/20161107/these-marijuana-investors-are-ready-to-spend-millions-if-california-passes-prop-64
Capital gains, commissions and taxes my friend.
How much you want to bet he is using the capital for marketing, hiring contract lawyers, or what not so that he keeps the company growing....maybe even revamping the website.
Well you got to uplift to OTC before uplifting to Nasdaq if you started in the pinks. So pretty significant. Also, goes well for boosting confidence to SHs.
Longs: tomorrows gonna be exciting and once prop 64 passes, it'll be exciting for months and months.
Just my 2 cents but no news is a time for the MMS to drive down share prices because they know prices will go up. The more they can buy cheap, the more they make. No news and capitalizing on weak stomachs allow them to do this. They knew people were going to get skittish and a lot of people sold.
Example a lot of the MJ stocks were driven low but everyone knows they're going up this week. MMS were able soak up cheapies and almost all of them have rocketed up after they were driven low last week.
See you there :)
They got a million!
EVERYBODY talking about MJ stocks going up. SGBY is not only going up but going to stay up until next year. Buying more today!
To all the Longs:
I think it's safe to say that there's a line in the sand where the companies have to make a decision...settle or proceed with trial and suffer exorbitant trial fees, public disclosure of certain aspects of their company, financial books, and IP during discovery, and finally, risk losing a trial and up to treble damages. In my experience, this comes during the discovery process (so early on thankfully). Settlement is usually the better choice 90% of the time. Don't forget, SFOR hasn't pushed for any injunctions yet. They have a colorable argument to do so. Not doing so, in my opinion, demonstrates behind the doors discussions by all. Also, I don't have access to PACER but has there been a motion to join all the defendants in one trial? Don't think there has been. Once you see that folks, then we're probably looking at trial. Because we haven't seen that, i'm confident they are negotiating a resolution now behind closed doors. Don't sell longs....
Anyways, have a good night. I'm really excited for this week and month.
Btw: Have you guys thought about the optics during a jury trial? SFOR is in the business of directly frustrating hackers and keeping your computers and mobile devices secure....and they obtained the only patent on it years ago. That's their entire business....it's a small business right now, but that's all they do. When Ram testifies, it's going to be amazing. And, on the other hand, you are going to have not one, not two, but three Goliaths (worth billions of dollars) trying to explain away that they didn't steal the idea. Maybe the jury will buy one company accidentally coming up with COBAS, but certainly not two, and definitely not three. It's going to look like a circus! Blank Rome was very strategic and smart, in my opinion, for suing three at one time. And, I looked at the patents these companies own, and nobody comes close. Plus, these Goliaths are not solely in the business of what SFOR does. They are way more diverse. This helps us tremendously since we specialize in COBAS. Just like americanbulls.com says, don't sell and stay in the cash.
Longest I'll go if there are no further expansions. Although I like this CEO and he's been executing all his promises. If by then he's on 6 or 7 of 18 labs, then i'm in it for years. Money maker....
This is going to be a fun next six months :) Starts tomorrow at the bell. Can't wait.
If the average cost of testing is about $300 plus for every 10lbs....and we just acquired 1300 new customers and this is the season for cultivating....can someone do the math for me?
Think we're rolling in the dough folks....good start for 1 of 18 labs of expansion. Oh, and we own 95% of the Oregon market too. Q-4 gonna be great. I'm sticking for the long run. This will be the Quest Diagnostics of our niche and I'm glad i got in for a penny.
Let's not forget: Settlement usually occurs during the discovery process, not before. People don't know that discovery is as common to a trial as tailgating is to a football game. Very perfunctory.
But, during the discovery process when accounting comes out, possible trade secrets, nonpublic disclosures, possible legal defenses, company emails and other communications, patent information, and expert witness identities...there is a higher probability of settlement.
This discovery demand gives everyone breathing room to hash out settlements. You can't just put it off in federal trials. I expect settlement but not for a few months. In the meantime, i'm going to buy as many shares as I can afford to lose.
But, I do think contracts are more important than settlements. Those should come quickly imo.
Yup. Take a look at every MJ stock in Oct/Nov 2014 to Spring of 2015 (mid term elections and 6 months after). I think you'll more than triple your investment.
Do you mean a law firm is going to go on contingency fees on three trials???? Where costs could go up to 9 million dollars? Cray cray! That law firm is NUTZ!!!!
folks....you don't need insider information to tell you, or, you don't need to break attorney client privilege to know that Blank Rome and Associates know something we dont....
G'Nite Longs. Stay tuned for more common sense this weekend perhaps.
Deep Breath Everyone...
Way too many skittish folks on this board and nervous nellies. Sometimes you got to take a deep breath, take a break, and just look at the big picture. Too many myopic people worried about charts and arguing about context in a particular sentence, and missing the gem that's in front of them.
Question: What is the average cost of a patent infringement trial?
Answer: Around 2 to 3 million dollars....when you're talking about 5 lawyers per company, probably 3 to 5 million dollars to verdicts dealing with multibillion dollar corporations (probably more).
REALITY CHECK:
Why would a law firm go on contingency in three patent infringement trials? That's about 9 million dollars they are fronting for SFOR.
Maybe it's because they're a kick ass law firm, they know they are going to win, and there's a big pay day at the end of the road (3 months, 6 months, one year down the road). White shoe law firms DO NOT take these types of contingency on a whim. They are a business. In fact they are a business comprised of lawyers lol. They did a risk analysis and believe they will settle or win at trial. Simple as that folks.
P.S.: I bet they learned a lot from the Microsoft settlement....potential defenses...potential arguments...lay of the legal landscape....jury sentiment (you know they mocked trial the hell out of it).
PPS: Besides thinking the awards outweigh the risk and thinking they're going to win....Blank Rome probably went on contingency because they want to keep SFOR as a client....oh yeah, there's a shit ton other companies to sue next and a little birdie tells me they probably want sum of that too.
I think you're right about changing positions to swing through the next couple weeks. Power hour is gonna do great and folks are going to miss out on some cheap shares.
Could be. Mark's goal is definitely merger and acquisition. I re-watched a video from a couple years ago and he stated just that. Someone will buy them out, he is just going to wait for the best offer. For him and Hollywood Waller and Ram, this is their retirement. Enjoy the ride and stay long.
Agreed. Except a minor nuance. This really isn't an MJ stock. It's a science and technology one. Regardless, prop 64 is going to have a direct effect. We are going to see this go over a dime....easily.
QUESTION OF THE DAY...PLEASE READ.
Have you heard of any company, journalist, gadget reviewer, tech reviewer, or otherwise, say ANYTHING negative about SFOR products.....e.g. the science is wrong, the tech doesn't work, the patent sucks, the methodology is old, its easily penetrable....
Answer: Nope.
Why: They're great products and they work.
Here are our CLIENTS:
(1) SallieMae
(2) Oracle
(3) Children's National Medical Center
(4) etc.
And we know there are more contracts just around the corner :)
Just bought another 90,000 shares. THANKS!!!!!!!
My last post: For those of you arguing about the CEO's emails and what he said, didn't say, or meant to say, keep in mind the following and take a step back and perhaps realize that a lot of good things are around the corner.
"Rule 10b-5: Employment of Manipulative and Deceptive Practices":
It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,
(a) To employ any device, scheme, or artifice to defraud,
(b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or
(c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security."
Sometimes things are what they are and when the CEO states contracts are around the corner, or that we are working with company x, y, and z, then perhaps they're true. He's a smart guy with a great pedigree...probably smarter than most of us....unless of course you've opened up your own tech company and have patents to one of the most important technological concepts of our time going forward.
Settlements are far better than trial verdicts in civil cases my friend. It's a win-win for everybody. Save money, absolute guarantee of monetary awards (cash and licensing in this case), and IT IS NOT SUBJECT TO APPEAL. Most importantly, it's fast.
This is definitely a big score for SFOR and a credit to Blank Rome who was able to negotiate said settlement.
Would you rather a law firm go to trial in all their cases and win 60% of the time...yes maybe with more money. Or a law firm that has the ability to negotiate and settle 95% of the time. The latter is the winning records.
Besides the courtroom buddy, the court of public opinion is sometimes more important. Everyone and their mother knows SFOR got paid out by Microsoft on their patent....
You keep talking about how the true efficacy has never been tested. Yes it has, are you kidding me? Microsoft could have bankrupt SFOR easily....oh by the way....a jury trial is made up of 12 people just like you and me....their opinions are based on who has the better lawyer.
Thanks. I know you know but a lot of people don't know about a Research and Markets report that came out last month about how Global Out of Band Authentication Software will grow 25% in the next three years and I think that's conservative because of the recent hacking successes....DD gets lost in the mix of these messages because of silly back and forth banter about speculation. Here are my takeaways from that article.
(1) 400 out of the top Fortune 500 Companies rely on research from R and M...including Google etc.
(2) The report named STRIKEFORCE TECHNOLOGY as a KEY VENDOR (one of four named) during the next three years that this sector is growing.
(3) Trustwave, DUO, and Centrify are not even mentioned in the report by these folks...those guys are a retail tech companies that do their job well, but they're not the people on the forefront of this sector
(4) When i researched the patents of the other three key vendors, they don't infringe on SFOR.
Justy saying. Trying to be academic about this investment. The tide will turn....
You also realize he can't disclose anything until they reach a settlement?
The passing of Prop 64 is certainly not going to make SGBY fall. You're spot on my friend. There are 1300 customers already in California. That will grow but will take some time. SGBY has a great reputation behind it's name due to their work in Oregon and a great CEO with an excellent hub and spoke business plan.
He never said that there won't be any settlements soon. He explained the process could take a while, as is true regarding the legal process. But a settlement could already be in the works. You and I don't know that and won't know. A settlement could come tomorrow. Unlikely but we don't know except the lawyers and the people in the know.
Agreed. I think there are different groups of people on this board. Those looking to make quick profit and getting burned....those looking to invest but are impatient and can't stomach the roller coaster, those looking to short and manipulate the intraday...and those long investors like us looking to make a small investment pay off. To us DD and company movement are crucial.
I've posted the below message a couple times already:
LA TIMES anticipates passage of Prop 64. The polls are not even close IMO. Once you get past the margin of error, it's pretty set in stone.
http://www.latimes.com/politics/la-pol-ca-marijuana-california-proposition-64-poll-20161102-story.html