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I'm moving in a month. I have reached out to them for another meeting though, no response yet.
Like you, I don't think it's a matter of if it goes back up, even for just a little while, but a matter of when. When that day comes, I will sell.
Like RMN has said, 50% increase is substantial.
We have finally closed one of the deals.
The others are still on the horizon
Or not and we are all Fd. Only time will tell.
I've messaged and asked for one more meeting before I move from the area. No reply yet.
Of course as soon as my .055 buy fills, we drop to the .04s..... I might put two more orders in at .035 and .025. just incase it dips that low. Otherwise I'm done buying. Time to wait.
My bet is... Not this week.
What's clear is that they need to hurry and finalize everything.
In the meantime I'd like to hear some updates on each deal...
I'd like it if we did.
At this point we know what we know and that's not enough to say definitively one way or the other.
I've placed my 'bet' and that's that Jimmy will pull off his plan and .10 will be history.
Or I'm wrong.
Only time will tell.
It's a decent sized office space.
1 large open area with workers.(the last time I was there they were Bizrite people)
2 rooms for meetings.
1 other room with all the accountants.
Break room.
Over at the 60k SqFt warehouse is where all the carryoutsupply people are, in the small office space that's attached.
Not quite. Trying to grab 90k shares. Only 40k have filled over a week now.
It would be me... But my buy in for .055 hasn't been able to fill for a week now. Wtf.
Can someone hurry and push this back down to .055
Thanks in advance
That or it's another typo. 2.6M shares is more reasonable at .096 per share.
Or someone is getting one hell of a deal and is going to make a ton regardless of what the stock does
Bizright and Sky alone are suppose to be ~ 70M.
Hydro4Less should only be adding to that number.
Should all three close... are we talking Bizright, Sky and Hydro4Less?
Meat, Can you repost that with your original email, and the date the two emails were sent/received.
Thanks.
newguy, bottomline is that we are waiting for them to close Bizright, Sky Unlimited and Hydro4Less deals. That's the direction they are going and if they pull it off, we will be in a good place.
No.
Carryoutsupplies should not be sold off anytime soon.
Jimmy Chan is the CEO of SGMD.
http://sugarmade.com/our-team/
Either they are making moves and great things are going to happen, or they are being pretty wreckless with releasing a bunch of BS every month to string investors along.
I like what I see with the latest news. I see how it fits into their plans. Just waiting for it to all come together.
Sleeksoldier is now known as CannaBeast.
He hasn't been around SGMD since November.
Here is one of his old post.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141643076
Sounds right.
I'm focused on Air Force recruiting school right now.
I check here just enough to make sure there isn't any bad news. I'm just waiting. Either Jimmy will come through or he won't.
Front, SGMD not .03, .20s soon?
Happy New Year everyone!
I'm still convinced this will be a great year for SGMD. I just wish I have been better playing these swings.
So what's going on here? I'm too busy to dig into this.
https://ih.advfn.com/stock-market/USOTC/sugarmade-inc-qb-SGMD/stock-news/78943558/amended-annual-report-10-k-a
No one is pumping. We simply are not running around panicking. We are simply applying a reasonable amount of logic and situational analysis without jumping to the worst case scenario.
No one is pumping. We simply are not running around panicking. We are simply applying a reasonable amount of logic and situational analysis without jumping to the worst case scenario.
For what it's worth, I think Jimmy is all in on this and he needs this to work. There is no room or opportunity for him to scam us and it's not like he has been collecting fat checks all these years, he only makes a modest amount. If he wants to walk away rich, SGMD must succeed.
I'm looking for .20 in the shorter term with the closing of at least 1 deal.
Previous estimates were around .30 if they close both deals.
Every time I have talked to Jimmy he has made 2 things clear. 1.) people focus too much on the short term. 2.) The focus should be on the long-term, as things take time.
Sonny, correct, with the completion of both deals, assuming the 30M and 40M numbers for both companies are correct, they will be at ~ 70M.
Here is what we know:
As things stand Sugarmade cannot recognize Bizrite revenue.
Sugarmade must complete their part of the agreement and make Bizrite a fully audited subsidiary. (Pay Bizrite owners the shares/cash as outlined in the Agreement)
Sugarmade, per their statements, are working on finalizing that deal. They were previously unable to do so due to a lack of shares/cash. With the recent share increase, they now have the shares/cash needed.
Sugarmade, per their statements, are working on finalizing the Sky Unlimited deal, which requires shares/cash. With the recent share increase, they now have the shares/cash needed.
Assuming Bizrite and Sky Unlimited management/owners are still on board, both of these deals now have the potential to close.
Here is what we know:
As things stand Sugarmade cannot recognize Bizrite revenue.
Sugarmade must complete their part of the agreement and make Bizrite a fully audited subsidiary. (Pay Bizrite owners the shares/cash as outlined in the Agreement)
Sugarmade, per their statements, are working on finalizing that deal. They were previously unable to do so due to a lack of shares/cash. With the recent share increase, they now have the shares/cash needed.
Sugarmade, per their statements, are working on finalizing the Sky Unlimited deal, which requires shares/cash. With the recent share increase, they now have the shares/cash needed.
Assuming Bizrite and Sky Unlimited management/owners are still on board, both of these deals now have the potential to close.
I'd love to, but I need you to message me on FB. I posted in the SGMD Me Rich group.
I want to have a private convinced if your cool with that.
Cassius can you message me on FB.
Unfortunately I think this has been a calculated play. And unfortunately a necessary one.
PPS would never have topped .10 without Bizrite news.
Higher PPS and Bizrite deal opened door for Sky Unlimited.
It also eased investor fears in regards to the Share increase.
Higher PPS maximized cash raised through selling shares. ( Hopefully to be used for growth and not compensation)
Imagine if there was no Bizrite hype? We never would have dug out of that meeting .03 slump.
Share increase would have smashed PPS to .01 or lower.
Sky Unlimited would probably have never considered the deal.
Well..... That should be good for us..... But. . . No.
There is a silver lining here.
All these delays have them able opportunity to sell millions of shares at .10!
:/
I could be being played for a fool here, but my last conversation with Jimmy, he was irritated by the late financials (now I know it was more than being late), but he was still confident that he was going to succeed with his plan to grow the company.
Clearly Ironguts was right regarding the Bizrite deal. But now they have the shares and cash and can execute both deals.
Now we wait and watch.
I'd like to agree. We will likely see lower, but if SGMD is anything it's consistent and we will see another jump. In 3 months? A year? No idea. But my money is stuck and I'll just ride it out. Again.
Front, your math says 6M for 2018.
Latest news, which you commented on, says 500% growth for 2019.
You had assumed 500% growth from last year's numbers. 4.1M, I believe.
But with 2018s 6M, 500% growth still gives us the much hyped 30M.