Sugarmade Inc (SGMD)

[GetRich902902]

So you think a $100 million revenue generating companies' stock price is going to be at 0.45? There are companies generating 0 dollars revenues at 0.845, for instance Cannabix Technologies. Show me one company that is generating $100 million dollar revenues and their stock price is at 0.45? I can't think of any. SGMD has already been at 0.43 on 1/1/2018 and the annual revenues were at $4.1 million. So when they close out all the acquisitions, they would be generating over 20 times more revenue and their stock price would still be at only 0.45? That's not a good projection. Also, you are forgetting the part that speculation plays in the stock price. A lot of investors are also speculators who invest on the potential of a company and how they feel about a company. That is who SGMD has been losing the last few years, because they had not closed acquisitions and revenues have remained relatively stagnant and so speculative investors lose confidence and flee. That's why SGMD stock price has been steadily going down with relatively the same annual revenue from 2016 to now of over 4 million. If investors invested strictly by the numbers then SGMD would be at .45 now because their revenues increased to $4.4 million from $4.1 million in 2017 when they had a high stock price of 0.43. So, when they close out these acquisitions then guess who is coming back? The speculative investors and the institutional investors because they can now see the potential of the company. So at over 20 times more revenue generation and these other investors coming back, I can see no way that the stock price will be in cents and not dollars. So we have to think DOLLARS and not cents.