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Not to mention that legally he cannot unload all his shares at once since he is such a major share holder, and those sales must be disclosed. (Correct me if I'm wrong)
So no. Swing and a miss my dear Darwin. I do believe it is time for your thought process to evolve.
Please enlighten us. They have until the 29th to file and they have legally extended to that date. So please, explain how and why it's a scam......
F this move. And me. Didn't buy in .10s or .11s
I broke the 3rd Rule of Acquisition.
Missed profits when we hit .20
Even if I get in today, I'm still following the 37th Rule of Acquisition.
Or maybe like
Going to see some green next week like
SGMD is a good buy at anything under .30
Probably. What did he say this time?
I have him blocked, so have to copy paste for me.
SGMD is pretty consistent. When it's quiet the SP goes down steadily and the people become restless.
Some people have that concern.
We did see the last Q with 1 month of Bizrite revenue recognized, and the numbers were good.
Jimmy has been touting 30M in revenue for quite a while now. Even said at a point that he was purposely being conservative.
I haven't seen a reason to doubt that we will see the Financials or that they will be good.
Remember, Jimmy built his accounting team up from 2 to about 10 after the Bizrite deal and spent a lot of time and attention on making sure their accounting department had the solid foundation needed for growth.
I also have no way of really knowing and no proof that the naysayers are wrong
We won't truly know until October 29th.
Over the past 1.5 years I have bet on SGMD and have been rewarded. Could that change? Sure. Past performance does not guarantee future performance.
And like that there were only 5.
Got some of those yummy .115s today...
And obviously it drops to below .11
Nothing like instantly going red.
October 29th
Only 70 Million if they close the deal with Sky Unlimited. Otherwise 30M.
Wouldn't take which chance? The buying or the selling part?
They won't file before 29th. I'd bet my bottom dollar on it.
As for this week. There are too many going tconcerns with investors combined with the delay in filing, my bet is that we see some more drops before the filing. Same show, different week.
The question is, is Front and Sleek still loaded to the teeth with sugar?
On the topics of Share Increases and Shams
Lets say the naysayers are correct and this is all a sham. How much could Jimmy and crew hope to earn from their shiny new shares, especially after people figure it out and the PPS tanks.
Since SGMD already recognized Bizright Revenue in the previous Q, how could they come back in the 10K, or a later Q and basically say, "Just Kidding, no deal, let us go back and amend that Q"
On a more positive tone....
With these shares, ideally they could raise additional capital and start paying off their Interest Incurring Debt, especially that ridiculous one with ~25% interest rate compounded monthly.
Any reason they wouldn't/shouldn't do this?
Looks like I now know who bought all those shares today at ~.1225
Ironguts, you must "love" that "green" close today.
They shall bow to our power.
How many (more) days do you expect the sector correction to go for?
Not saying you're wrong. Just trying to better understand your viewpoint.
Another question.
The drop in volume, does that mean that the drop in SP is slowing/coming to an end, or does that indicate that it'll continue to drop?
Forgive my ignorance. What does the SP have to do with the validity of the deals? As far as I know, SGMD doesn't dictate SP, investors do. And investors, like you, are skeptical, which keeps the SP from going up.
At least we finished... strong....... compared to the .125s
if nothing else, it is predictable.
and predictability in a stock is awesome.
Just another day in Sugarland.
Be happy and Love Someone.
If anyone from ITNK monitors this board, I have left my information with the receptionist (2 different people) twice.
Please call me back.
Has anyone here ever spoken to someone from the company or visited their head quarters?
It's pretty simple.
As Ironguts has pointed out, there is no definitive answers or actions for the Bizrite deal. That creates more uncertainty than many people like.
There is the uncertainty of their Financials, which have for a long while been late. While technically not late now.... we're not exactly 'on-time' either.
We also won't know if the Financials will reflect the $30M a year. Yes they keep pushing that information in the PRs, but we wont know for sure until we see the 10K.
Also, most of us here who have been here for a long while have quite a bit invested and know how SGMD works, so we do trade it.
Finalize Bizite and Sky Unlimited, release Financials that reflect $30M and we will take off.
There is no link to provide showing that Bizrite has received their 200M shares.
HOWEVER, this last Q showed that SGMD IS recognizing Bizrite sales, and that's the important part.
Now that Sugarmade has shares, thanks to the recent increase, we will see Bizrite receive their compensation.
Ironguts is mad that many of us intelligently trade SGMD to make money and he isn't the only one?
As for today, lots of RED on the Times and Sales.
Like a game of Limbo. How low will it go?
https://stockcharts.com/h-sc/ui?s=Sgmd
That Gap between ~ .116 and .121
Front, you know I have already added that to my to-do-list.
Front, the same way that you get shipment information for Bizrite, can you do that for AthenaUnited?
AthenaUnited from 2016:
https://web.archive.org/web/20160820163800/http://athenaunited.com:80/
There are more snapshots available ranging from 2016-2018.
https://web.archive.org/web/20160801000000*/www.athenaunited.com
Confirmed. Website is functional now. http://athenaunited.com/
You do know that Sugarmade IS already recognizing all Bizrite revenue, don't you? That deal is done.
No.
I hope you left with a nice profit :)
I called them but they don't open till 1030. I'll call again in 2 hours.