Tuesday, May 21, 2019 7:25:19 AM
To be clear this is only my opinion. It is very difficult to determine the SGMD revenue recognition flow based upon previous filings. You can track the actual goods purchased (expenses) then where payments were received (revenue). But the SGMD end user base isn’t as broad as one thinks and demand isn’t as expected. What SGMD appears to be doing is creating multiple entry points via acquisitions to a still unknown industry and have solutions in place for the marketplace. Accommodate as much as you can with the expectation the need will be there and you have the cash on hand, and share structure, to withstand delays. It is still a limited market and evidence shows numerous entities like SGMD are building their house on expectations. If certain legislation gets passed on timely basis across the country, then SGMD stands an excellent chance to become very successful. If this process drags on endlessly, you might have a house, but no money to buy furniture and keep the lights on. Classic entrepreneur dilemma. All said, I’m long and expect this to play out over the next 9-12 months. Shareholders are taking a beating and that’s the chance you take in penny land. The MM’s want you to sell as they accumulate for their own needs and greed later on. Cheap inventory for them, again IMO.
Recent SGMD News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/19/2023 08:54:54 PM
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