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Yes, learned my lesson. Can't believe what you read, even in SEC filings.
If you think old women have periods, I have a great cannabis stock to sell you.
Lesson, learned. I'll just hold to see what happens, now.
Here, hold my beer ... and wallet.
Many bargain hunters on the L2 right now. $SGMD just needed more liquidity to move forward to where the market is going, processing hemp and CBD.
We spent weeks wondering when BZRTH was going to show some positive results. Now that's over and Jimmy can use this returned equity to invest in more of the extraction equipment we need to push forward with CBD profits.
Look out. Something is ready to break. New Year, new opportunities. The DD package helps build the confidence one needs to get in now.
I confess that Im impressed by it's ability to hold price during these doldrums. Something is coming.
Absolutely no interest. Volume nothing.
Sugarmade, Inc. (QB) (SGMD)
0.0118 ? 0.00005 (0.43%)
Volume: 359,202 @01/02/20 11:33:30 AM EST
Bid Ask Day's Range
0.0116 0.0118 0.0112 - 0.01195
I sure hope all my anxiety and waiting for these entrepreneurs pays off reasonably soon. I'd actually go out to Cali and inspect this situation if I could make enough for airfare.
Boy do I feel scrooged by $SGMD this month. Yeah, my own damn fault.
Please, friends, I understand English may not be your first language, but use a spell checker. Else how can we believe you use any other tools to do due diligence?
Promotion Flag by OTC market
This may be the result of over enthusiastic claims by investors, maybe not related to the company. This could artificially effect the trading price of a security. The Flagged Corporation may have absolutely no hand in this promotion. It is purely an additional "Buyer Beware" disclaimer.
https://www.otcmarkets.com/learn/policy-on-stock-promotion
I'm taking it with a grain of salt. No investor really wants to lose money. Pay attention to the "official press releases"
OTCB flags $SGMD for Stock Promotion
OTC Markets designates a security with a promotion flag when it becomes aware of current stock promotion related to the issuer. The promotion flag remains on the security for 15 days following the end of the stock promotion. For more information, please see our Policy on Stock Promotion.
Fabulous DD, Front. Wish knowledge drove the stock price.
Making all these press releases and filink pre-4k does make Jimmy potentially criminally liable for fraud if he's not genuinely working toward the goals. Ask Elon Musk...
Give me some motivation to buy more... don't rehash the same stuff from the last 6 weeks.
I'm sorry to say, this is my only loser today.
Just too easy to be dis-heartened here. .011 is the pits.
the current L2 total of around 650K in asks is NOT a big selloff.
The kicker I'm seeing is:
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.
Annual reports for last 4 years show Net LOSS.
Nope, not selling here @ .012. We know there's much more to come.
10Q for last Q looks like dung. But some good things grow well in dung. $SGMD has it covered with dung and hydroponics.
The R/S doesn't change the real market cap of the company, just investors valuation of shares. We all know valuation can be subjective.
EOD at %25 down the day after announcing a R/S is NOT a tragedy. this is normal and will improve as corporate action occurs
That also means someone bought 5.6mil shares at .0107
At the top of the board page here, are the latest Press Releases and Filings. The Pre-14c is the preliminary plan for R/S 300:1.
That's what I see in my cloudy, pink crystal ball.
I have found more knowledgeable traders here that on other boards. It is an investor imperative that one do due diligence. I have put far too much money into Micro caps, but I have studied the ones that I have. I'm glad some of us have had an opportunity to lower our PPS here. I expect good things. We have Jimmy's address (lol) He knows the stakes.
This has been and still is a good opportunity to double down. However the long record over the year has been not so appealing. Past performance is not indicative of future ...
At least the filings have NOT had the words
Remember what happened to Elon Musk over his tweet to take Tesla private?
Jimmy has stated very clearly that they are working to uplist. If they don't follow through, US district Atty is gonna hang him and his buddy's up by their short and curlies.
Your holding on, white knuckle while I'm doing everything in my logical mind not to increase holdings. arrrrgh. This is a toughy.
Posting that PR, if they don't make moves to uplist, the SEC will have Jimmy's ass.
Nasdaq micro caps do not need to be cap valued at more than 10Mill. So uplisting can happen faster than 1-2 years.
Most recent 1:50 split SLS November 7th/8th held value fairly well.
However the announcement came immediately before the R/S was executed. This indefinite wait after announcement leaves large opening for havoc. The more I read about R/S, the more most actually occur within a few days from announcement to execution. The filing made today is NOT a real announcement (8K) I'm really not sure what's up, now. Just more confusing. Dammit, just file the 8K and get it over with.
the value of all your shares held has not changed. Divide the number of shares you hold by 300. then multiply by 4.29. It's just math.
closing price was .0143 x 300 equals 4.29/share. can take as long as 60 days. Watch this space
Has ETrade told you they will charge $30 for the R/S transaction? I thought they went to 0% commission on trades.
Where is the filing for R/S. Found it
https://www.sec.gov/Archives/edgar/data/919175/000152013819000456/sgmd-20191115_14cpre.htm