I did too at first, but knowing they would become current during these low volume times made me not very surprised at this price action. But I know for sure this low volume under .12 won't last long, won't take much to get this going.
Here's what I see in this stock, which makes it unique from other OTC mj stocks:
1) Revenues - now proof of largest revenues to date by far, soon proof of over $35 million annual revenues
2) Stop sign removal - Now there can be more upside, more buyers, new buyers, and whenever rally does happen, those Fidelity traders' orders won't be declined.
3) Hydroponics supply - In growing MJ sector without banking issues because they are not involved directly with cannabis which is still federally illegal and on a cash-only basis.
4) Potential for massive growth with all the new staff, including acquisitions and new products (as well as the already developed Budlife for which SGMD still holds a distribution agreement with the manufacturer)
5) Very low price
6) Verified legitimate functioning, and busy company and staff by investors here.
7) Sector bottoming out - MJ sector has been in a downtrend since the first week of January, so it's been 8 months of downtrend. Last year the downtrend started around May and ended in October, this year I believe it will also end in October or whenever volume returns sometime soon after summer comes to an end, but this time prices are much lower and there can be some huge gains, SGMD will definitely be one of the 90%+ companies with over 150% gains from bottom prices. If the sector is around bottom now, SGMD price might be around bottom as well. If SGMD bottom is .08, we will see minimum 150% gains from that price (.20), however since SGMD has high revenues, we will likely see more than 3x that during the sector rally.
