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Loving the volume.
RSI is middle of the road, but I'm liking the low Full Stochastics.
https://stockcharts.com/h-sc/ui
With the lead up to the Bizrite deal, Jimmy told us what was going on.
With the other 30M deal, Jimmy told us it might happen and told us when it didn't.
The focus was on Bizrite though, I think obviously, because it was the most likely to happen.
We are seeing the same thing happen here.
Remember, without this increase in available shares, we wouldn't have these new acquisition opportunities.
I'll take a 1.7B increase in shares for a 40M rise in Revenue and positive cashflow.
And then we saw .42
Boomshakalaka
I haven't been this excited for SGMD and my potential to make solid gains in quite awhile.
As I have been saying Jimmy has a vision and it'll take time to successfully execute.
According the article.
"SGMD, based in Monrovia, California, recently returned to the OCTQB Venture Market as a fully reporting company"
I must have missed when this happened.d
Why do a forward split?
BiZrite gives them something they didn't really have before. Cash flow.
That reduces the need to dilute.
As stated before. The goal of the shares, per Jimmy, is acquisitions to increase revenue and their footprint in the industry.
As Suissac said, it'll go up before it goes down.
Darwin, I'm not arguing. And according to Front, I was a little off on my dates.
Front, you know as good or better than any of us.
Can you list the end of each Quarter for SGMD. Thank you.
There's a first. Someone accusing me of being Front. LoL.
If you read my post.... I said Q4 ends September 30th.....
Furthermore that statement was made on August 9th.... Filing September 30th financials before August 9th.......
PS. They are quietly making changes to their website.
I know where you got that quote.
That was a mistake on their part, should have read June.
They have NOT filed September 30th yet.
If I'm not mistaken, June's 10Q was Q3. March 10Q was Q2 and December 10Q was Q1.
September 30 is end of Q4 and the end of the year. We will therefore receieve the 10K within.... 45 days? 30 days? AFTER September 30th
They dropped the Stix. It was a very Niche product. A good one, but with ine big problem. The Stix easily broke which made customers unhappy.
It was in their best interest to focus their limited resources on the cannabis market.
If I were Jimmy, I would push this as high as possible before the Vote.
For 2 reasons.
1. To reduce the amount share prices could potentially fall as an immediate result of the vote
2. Maximize the amount of capital they can raise by selling some of those shares. (some not all)
What's up with that weakish closing today?
We have been here about the same amount of time.
I learned to listen to your input on the charts back when you called it going down down down last year.
Just wish I could pick your brain more!
I wish I knew exactly what you meant by that... PM me?
Analyst are taking notice.
.30 target.
Been with SGMD for 1.5 years.
I have met with the management team 3 times (including twice with the CEO) and toured their 60k Square foot warehouse.
I believe in SGMD 100%
Didn't SGMD get my memo that I was waiting to buy sub .10?
Looks like I missed this mini run up.
Come October I'll get all my shares though.
Like a republican in NY City or San Francisco, your vote is irrelevant.
Y'all are killing me here.
It's 2 Billion. Not 3.
They are raising the share count to facilitate acquisition, like the Bizrite deal.
Their intent is to try and "purchase" these companies with shares, instead of cash, which is better.
They have repeated these statements, releatidly.
If they need to raise capital, which you can count on, they will sell some shares.
I don't expect all the shares to be unloaded for capital. That just wouldn't help them.
Darwin, IMO, is spot on.
I hope no one is holding out hope that the vote in October will be a NO.
It's going to be a yes, no matter how you or everyone on this board votes.
With the raising of the AS, wouldn't Jimmy want the PPS to be as high as possible, to maximize the amount of capital he can raise if/when he sells some of those shares?
I agree with Darwin Jay 100% and am in a similar position.
I still believe in the company, but still approach it with a healthy amount of skepticism.
I've been here for a year and a half. I've seen how this plays out.
I'll be here in another 1.5 years as long as they stay legitimate and will patiently wait for Jimmy's plan to come to fruition. I'd still like to see and cash out at .50-1.00 someday.
He has given his reasons to us all.
He has given his reasons to me in person and I have conveyed it.
I'm waiting for some additional funds.
I'm going need SGMD to go ahead and go below .10 for a little while. Mmmmkay... Thanks...
SGMD Me Rich
Just did more research on it
Snagged a bunch of KIRK.
I like the combination hard drop from Q4 financials and the 3 Day.
While Jimmy would rather not see the post drop, he also isn't there to make day traders happy. He has a long term vision and is doing what's best for the company. It may take the, but he has his eye on the big picture and the long game.
I don't believe whiney inpatient day traders looking to make a quick buck should be his concern.
Shaark, please elaborate on the 3D weekend.
Sorry been busy.
www.OptionProcessing.com
I'll just leave that there and say that I met Jimmy to talk to him about it
Also, still love Jimmy's vision and his plan. He is a smart man and a good businessman.
I'll be with SGMD for a long while, making money the whole time because impatient people will keep pushing it lower.
I for one hope they are a little late again. I want this to drop to or below .10 again.
Where do you find this info?
I'll ask about Budlife today. My last meeting with them they didn't talk about it.
Ok SeniOracle, How far back will this trace..... Let's see if your predictions are better that ManPuppy.
Ironguts, last year you talked a lot of a gap that really needed to be filled. And it later was, as you pointed out.
Currently, correct me if I am wrong, but isn't there a gap back on 8/20-8/21 ?
Does that Gap need to be filled like that one last year?
I may have a relatively untrained eye when it comes to reading stocks, but I am quite familiar with SGMD having followed it so long.
Looks like this .19 resistance is pretty strong.. :(
So how's the L2 looking?
Going to hold .19?
This.
If Jimmy plays it right we will go up much higher.
That's better for him and those shares he want to sell to raise capital.
Meeting with SGMD again for the third time this coming Wednesday.
More of y'all should try it.
SGMD fully reporting.
Soon to be uplisted to OTCQB.
Accounting team and software in place. Processes and procedures in place. Smooth(ish) sailing forward.
Q4, 10K due soon! Further proof of massive revenue increase.
Jimmy has a vision and is committed to building a large successful company in this industry. So far he is succeeding.