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I felt similarly until I learned that SGMD's financials are completely out of their hands, 100% in the hands of BF Borgers auditing company. Audit processes can be very complicated, it's a process and cannot be done by a specific date. As you can see from an email reply from the auditor to josbor8, even they auditor said "hopefully soon" and they are working hard on it.
Yea I noticed the dilution at ~.035 stopped as well. It'll be .04 soon and hopefully no dilution to .05 at least
I'm pretty sure it's down this much simply because there's apparently no catalysts until Q2. That's why I sold half my shares on the drop last week even though OWCP is my #1 pick for a long term investment. I'm a day trader though so I need the buying power, I'll get back in much bigger and cheaper later. Doesn't help that the sector is still going down, and that there was no news pre or post conference.
Yea it's funny how people think there are indicators that are holy grails for a particular company, but there are a ton of market circumstances that are entirely unforseen by charts and patterns on any movements other than intra day.
This pps seems to reflect that shareholders understand there is extremely high chance that fins are coming soon enough and company is worth way more than .20. I sold half my position at .19 thinking no fins would tank the price, but I bought it all back today cheaper seeing that the price just doesn't want to go down.
However, my position is only considerable, not large or huge, I trade multiple OTC stocks. I'm hoping for and counting on a share price drop of at lesat a couple more pennies before the big rally to load more shares.
x100xPercent
Cool! I have been thinking about how hard it would be to make an appointment to check things out. I am in the Los Angeles area as well. Thanks for that info.
BTW josbor8, thank you for taking the time to inform us with this information, right there with you on keeping updated, and I'm gratefully impressed that you're able to get this kind of information. I'll look out for your daily posts.
I have been following this board and every post on it for months. josbor8 is no con artist and has never made any posts to move the price in his favor. His past posts have shown valuable information, excitement, frustration, etc just like any normal person holding long on a position would. What he says I know is (at least) mostly true. In fact, how could it not be? If you think about it, if financials were out by the due date, that would raise questions and concern. Have they been holding the completed financials for days or weeks, or just coincidence this long audit process completed just in time? That would be a big coincidence. So the way I see it, financials not filed on time again means it must still be in the audit process. I'm sure the company will release it to us the same day they receive the signatures from the auditors.
x100xPercent
Thank you for this!
It's gonna be nice having so much more buying power from now on for trading.
Ok I see that from his excessive # of posts, he adds no value to this board. So obviously he did not attend and has no true opinion of things.
Did you attend the conference? If you did why do you only say they wasted another 100k, instead of giving a reason? If you did not attend how do you know they wasted 100k?
Farmer and rjunior please report asap! Thanks!
Didn't OWCP tweet two times on facebook that Dr. Hirsch will be speaking at the wall street conference? Seems re-tweeting the same information again on another day serves a purpose. In my opinion, with this large time allotment as a keynote speaker, right before lunch when people have time to ponder and talk about things, seems there is definitely some positive energy around whatever they have to say. Come to think of it, didn't they also tweet twice about something else? I think it was about good things happening in the cannabis space, both tweets which originated from Toronto. Hmm, makes me wonder.
x100xPercent
I also like how OWCP is the only company with 40 minutes speaking time, that's 50-100% more time than all other companies.
I like how OWCP is the final speaker before lunch
I'm holding most of my position pretty long until news of failure. I want to be able to brag that I got this stock at a penny.
That was fake news. Provide link if you disagree.
Up 15% on VERY low volume. What happens when 1-5 mil ask slaps start happening?
Good chance it's going up from here .0083
Gary, Mariner, Joe and others with knowledge and experience....
What purpose do you think OWCP has to be a sponsor at the wall street conference?
Why pay the expense for diamond instead of platinum?
What do you think the chances are that they are saving positive announcements for the conference?
Thanks for your honest and educated opinions, I have a lot invested this month in anticipation of announcements and technical pattern coming together.
x100xPercent
You're not entirely wrong, but it pretty much has, only with very small changes in price compared to other stocks in the sector with high volatility. When did it hit high 60's? When did it drop back under .50? Same time as the sector was up or down. The sector influences the price action of this stock based on American cannabis stocks, news and events, even though it shouldn't. Even yesterday it moved over .45 when the sector was up. Today HUGE down day for 95% of cannabis stocks, OWCP is simply cought in that 95%.
Owcp will only move higher with the sector, which has been down lately except for yesterday, until news is out then the sector won't matter.
Darn! That would have been exciting
Can you please provide a link to this news? I can't seem to find it anywhere online.
They are straight up revealing the dose of the capsule, so there must be much more to it to make it breakthrough than the dose.
Have some faith in the reasoning behind the late financials. They will be out by Feb 14, and probably won't be out till then.
Everyone reading this must realize Jimmy Chan and Chenlong Tan are most likely not scam artists, nor are they stupid. Things are getting done, and the company is doing a great job keeping us in the loop on what they are doing and accomplishing, while other things are either on hold or in the works.
I like this low volume with holding above the lows, it's definiately gonna pop within the next week or 2 or with news.
This is just the start. Under .05 is still cheap, looks like gains holding, and likely continued high volume rally tomorrow before a dump.
Or maybe Jimmy has not been and does not intend to pump the stock but instead do what he can and announce things as they happen? If I were them, I wouldn't be worried about the stock price, because it's obvious it'll be higher and financials will show everything. He has said more than once he will be providing us with revenue guidance as well, and he already has given us plenty of information for the time being.
The entire sector is down, and sgmd along with many other legit companies are no exceptions. It happens.
Yes to me this is a no-brainer even at .05. Just the fact that it's low priced and there's no hype or anything on it yet makes it at least a smaller buy for me. So much potential for going back up to recent or past highs, all of which are 100% + gains from current price in the short term. Large spread all the time, so it's very volatile with relatively low volume, if you chase this one once volume comes in you'll be paying minimum .015 higher than you wanted. Exceptional management, increasing business, good recent news on growth, upcoming news soon enough with any luck, good products, etc. Auth shares increased but it was best for the company to do it.
Most importantly, about the market itself... only 5% of stocks in the cannabis sector survived yesterday with no losses, and today only about 20%, some of them with very small gains. But then earlier after lunch hour, I noticed many stocks started seeing significant recovery, all at the same time (so strange when all stocks move with market!), and DPWW closed strong along with others like POTN, FRLF, NUGS, and MANY others that saw very low low's and closed much higher (some of which are still in the red).
x100xPercent
HUGE down day for MJ sector! Out of my list of ~100 stocks, only 2 have gains 10-12%, while 24 have losses 10-30%
RSII along with other MJ stocks are caught in the selling of the sector, why it happens to most stocks at the same time I don't know but it's normal as it happens all the time. I believe that's why the pps isn't over .013 right now.
Jan 26 low .0097, yesterday's low .0097, today's low .0097
Another down day for the sector, but we are moving up, pps too low at a penny.
Buy at a penny, make a penny quick
Clay's video today seems different than the usual, I think he might be right this time, about dropping to .0080 area then going back up. Especially people that are going by what he says, it'll be too risky and too greedy to wait for lower price than .0080, anything under that IMO will be extremely temporary and probably due to a shareholder or two cracking under pressure of excessive "loss". This remains a classic play in my eyes, it'll go back up sooner than later, with volume.
Whether it goes up or down from here, nobody knows. It can easily go down to .0050 in another day or 2, or it can fly right back up to .02 level.
But I think we can all agree the pps looks pretty delicious at this level, right?
The fact that it's too risky to not be in this stock should keep the price from going much lower. New director will not allow filing to be later than necessary that would do harm to the company's reputation, would he?
There's a lot of fear right now, it won't last much longer.
Pps can still go up over 50%-80% in coming days even with dilution. Dilution stops, .10 soon after.