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You better believe ill be at the meeting.
In fact, I'll be meeting with them again next week or the week after to talk about the industry. Good times.
A lot will happen between now and the October meeting.
Going to be fun!
Damn it feels good to be right.
:)
I Fink it's up to no good.
I smell a Rat.
Clearly they have revenue growth. The Bizrite direction is a much better direction than the Budlife direction. IMO
Both Net Income and Basic Net Income Per Share are now in the Green.
2,788,872 and .01
Substantial increase in revenue.
And most important.
Profit.
Front, send them an email highlighting the mistake.
There's .07, and just like that Mudpuppy is right again.
; )
RMN.
I believe in Jimmy and SGMD.
I believe they are undervalued.
I don't necessarily believe we will see Budlife (always been my stance. Ill believe it when I see it)
I just wish I knew what Jimmy was waiting on.
The sentiment on the board is going back positive. Reminding me of the previous run ups.
Members of the company have personal money invested. Some at 0% interest.
Members of the company and contractors own a lot of shares. They want those shares back to .42 or higher. Last time they couldn't sell because the company was late on financials.
SGMD is delivering on increased Revenue.
SGMD has fixed the Accounting issues.
SGMD isn't plagued with toxic debt.
I don't doubt it at all.
Expanding resturaunt industry business:
"The Company is in process of significantly increasing the number of products offered to the restaurant industry. Whereas the current product emphasis is limited mainly to custom and generic printed items, a new division of the Company, called CaliRestaurantSupplies.com, will expand both the number of products offered and the target market for the Company. The Company already services approximately 2,000 takeout establishments, restaurants, and other food service operators via a product offering of approximately 2,000 items."
Growing their customer base and no longer relying on only a few for revenue.
"Customers
For the three months ended March 31, 2018 and March 31, 2017, our Company earned net revenues of $2,965,404 and $903,950 respectively. For the nine months ended March 31, 2018 and March 31, 2017, our Company earned net revenues of $5,081,372 and $2,759,595 respectively. The vast majority of these revenues for the period ending March 31, 2018 were derived from a large number of customers, whereas the vast majority of these revenues for the period ending March 31, 2017 were derived from a limited number of customers. No customers accounted for over 10% of the Company’s total revenues for the year ended March 31, 2018."
Hopefully when SGMD is shown as being on the QB, and not Pink, Jimmy will do a noce PR Blitz.
https://www.otcmarkets.com/stock/SGMD/security
Still shows Pink.
LMK is not a parent company of SGMD.
Members of LMK own SGMD.
Saying that makes LMK a parent company of SGMD is like saying Amazon is the parent company of Tesla every time Jeff Bezos buys Tesla stock.
Why is it that Josbor gets banned but manslap is allowed to continue this BS.
"This company is definitely interesting and frustrating all at the same time."
Truer words have never been spoken.
Ironguts, what is your guess on how high SGMD will go this year?
I called this, what a month ago? SGMD is going to focus on where the growth is and lean out operations.
Excellant move IMO.
"Over the past year, we have significantly enhanced our operational staff and our internal systems preparing for our rapid growth. With these changes, we believe we are optimally sized, but we want to ensure we are able to manage our aggressively planned growth rate. To this end, we have determined our culinary products are no longer strategic to our goals and thus we are terminating the marketing of these products in order to increase our focus on our highest growth product areas, which is the cultivation-related cannabis sector," commented, Jimmy Chan, CEO of Sugarmade."
Sugarmade doubles down, again, on their $30 Million Revenue Guidence at the 11th Hour. Q3 and the removal of the stop sign is right around the corner.
Real company.
Real revenue.
Real growth.
https://finance.yahoo.com/news/sugarmade-inc-reiterates-30-million-123000446.html
I'm more anxious than I've been in awhile.
Here is my understanding of the situation: Since Q4, 10K, for the year isnt due until September, as soon as they release the Q3 10Q, they will be current.
Then it will just be a matter of them filing the 10K on time, which they seem confident they will be able to now that the new accounting team/systems are in place.
14 post in a row by Manslap. Something must be on its way.
You and me both brother. I was able to scrape another chunk a couple weeks ago, but I doubt I'll be able to again before they release the fins.
I know it's down... but don't frown. Don't cry just buy buy buy.
How I bet (and boy have I bet) this will play out.
1. Launch Website
2. Release Fins
3. Petition to remove stop sign
4. PR Blitz
5. Me being very happy
Here is talk of their Bizright revenue stream. Just doesnt name Bizright.
"Agricultural & Cultivation Supplies
We are also a supplier of products to the agricultural sector by way of several recently signed marketing, distribution and business arrangements. We are realizing very strong growth from this business sector, which we believe will continue for the foreseeable future. This is an exciting market sector with strong growth in a variety of areas. We plan to address many of these growth areas."
Those were some nasty .09 and .10s today........
Ironguts. I made my purchases. Unfortunately, my buying cant be continuous.
I can't help but think we are close.
Allow me to take a word from the Sugarmade playbook. I bet it'll be "soon"!
I don't care about Budlife or Srirracha Stix.
I cant wait to see the $30M+ Bizright sales.
Per June 21 8K.
"Sugarmade continues to be committed to returning the Company to fully reporting status and is working diligently on these tasks.
As of the date of this filing, the Company has completed the financial accounting for the quarter ending December 31, 2017 and has completed the filing document on Form 10-Q.
The corporate auditor is now reviewing these results and the filing. The Company plans to file this quarterly report upon final sign off, which is expected over the very short term.
Sugarmade has also completed the accounting and financial reports for the quarter ending March 31, 2018, and upon review and approval plans to file these results on Form 10-Q with the U.S. Securities & Exchange Commission, thus returning the Company to fully reporting status.
The Company does not expect any additional significant delay in this second filing."
Josbor8 got banned. Down to 1 post a day for calling Rat Fink a POS.
I know this is your schtick Hethatreadethit, but I feel this appropriate.
6/14 Visit.
Recap of my last visit to SGMD.
*********
I just left their offices, Daniel gave me a nice tour of the office and Warehouse. I even got to meet and sit down with Jimmy. We talked about the industry, the history of the company and a little about him. They answered what they could, which at this point wasn't much. That's ok though.
What I saw was far more important than any words. I saw a busy warehouse packed with supplies. I saw a large accounting staff hard at work. I saw passion, ambition and drive in the CEO and management staff.
They know they need to communicate more, but they are limited in what and how often they can say while delinquent. If they say too much, too often, they will violate the rules and that would negatively affect their status. As I've said before, they have reported the facts, they have said what needs to be said, its just a matter of people listening and believing.
To those who can't reach them, or those who are un happy with their responses: There is only so much they can do and say, and only so many times they can day the same thing. I'm sure that it comes to a point where it detracts from the real job, which is growing the business. They have been very professional and as transparent as legally possible with me, so, if your having issues with them, your probably the problem.
Two different things.
My thoughts on Budlife, Again.
As I've stated from the begining, I don't own SGMD for Budlife and will believe it when I see it.
Let me be clear here. I asked them about Budlife. They didn't tell me much of anything that we don't already know. So I'm not saying this based on new info.
The problem with Budlife is that it is a product which requires organic growth and a large amount of up front resources in a competitive market with no guaranteed return.
Samething with Cannashroud and Dab Box (which still exist).
Very clearly Sugarmade has made a shift in their business model and have made that very clear in their communications this year. The biggest shift is from the Carryoutsupplies business to the cannibus industry. Within their shift to the cannibus industry they started by utilizing their existing expertise and contacts to create products, but have shifted to acquiring existing businesses. For example, going from releasing Cannashroud and Dab Box, to signing the MMA and working towards fully Acquiring Bizright.
Cannashroud and Dab Box are unknown products in the industry which would require significant reaources to grow. On the other hand, Bizright was an established business doing $30M in revenue.
I wouldn't be surprised if the technology in Budlife exist and works but is it worth them pursuing considering their limited resources.
I would hold it as a product, along side Cannashroud and DabBox, but grow out a solid distribution and sales infrastructure. Then I'd utilize that infrastructure combined with the contacts made a long the way, to grow those products quickly.
Would I like to see Budlife? Sure. I guess.
Would I rather them take the cashflow from Bizright, grow the current business and leverage it to make other large acquisitions? Hell yes.
Luckily Jimmy has clearly stated that it is his plan to grow the infrastructure of his business and acquire other businesses
6/14 Visit.
Recap of my last visit to SGMD.
*********
I just left their offices, Daniel gave me a nice tour of the office and Warehouse. I even got to meet and sit down with Jimmy. We talked about the industry, the history of the company and a little about him. They answered what they could, which at this point wasn't much. That's ok though.
What I saw was far more important than any words. I saw a busy warehouse packed with supplies. I saw a large accounting staff hard at work. I saw passion, ambition and drive in the CEO and management staff.
They know they need to communicate more, but they are limited in what and how often they can say while delinquent. If they say too much, too often, they will violate the rules and that would negatively affect their status. As I've said before, they have reported the facts, they have said what needs to be said, its just a matter of people listening and believing.
To those who can't reach them, or those who are un happy with their responses: There is only so much they can do and say, and only so many times they can day the same thing. I'm sure that it comes to a point where it detracts from the real job, which is growing the business. They have been very professional and as transparent as legally possible with me, so, if your having issues with them, your probably the problem.