Convertible note holders? --->
They pay Jimmy $10,000 for 100,000,000 shares.
That makes the per share price only $.0001 per share. That is why the debt conversion holders never lose money and keep the price on a constant downward trend so only they can sell shares.
Everyone is making money except you and others who invested publicly. Even when the stock tanks, the debt holders make HUGE bank
10,000,000,000 shares on average selling for $.01 is $100,000,000 that's $100 million on an average of only a penny!
I said it before, 10,000,000,000 shares divided into 100,000,000 traunches is 100. Jimmy gets 100 x $10,000 is $1,000,000 and the debt buyers get the shares for a fixed $.0001 even when they were trading at $.10.
Most of the money was gotten when the stock was over $.01. Now it’s just the tail end as the bottom feeder’s jump in to cost average. They know if they dilute $.10 on down to $.0001 the same suckers will buy more, fooling themselves they are into the stock for much less when they are just giving more money to the company and debt conversion investors.
In this game as I said would happen months ago, with OTC pumped stocks, the bears make money and the bulls make money but the pigs always get slaughtered
No one makes any money that invested publicly (the pigs) and anyone saying they made a killing on this stock is lying just to prevent the embarrassment of admitting they lost. The stock has been on a death spiral with no significant dips UP to allow anyone to make any money.
The only people posting here who said they made money have to be either Jimmy or the debt conversion note holders. But that is unlikely as they are out having a ball buying cars, boats and Rolexes all with your money.
When the smoke clears there will be NO lawsuit, No criminal action, No enforcement of any kind and no one will be able to find out where to send a summons to even IF they wanted to sue personally which no one here will ever do. It’s just cost too much to pay the legal fees when the ones complaining the most are into SGMD for $500 or less.
Until they are sued or someone files personally and wins, NOTHING will happen to Jimmy or The others who are all out of the USA and not in reach of the DOJ and that is where all your money want.
Back when they sold 100,000,000 per day for $300,000 was GREAT and now even though its $20,000 or $30,000 per day on the wind down that's still a few more million over the next few months,
When the stock is all sold, the marketing stops and no market maker will touch this on the bid.
SGMD reversed from a previous ticker DVOP and SGMD will likely also RM into a new ticker BCAR (HA) and all your SGMD shares will be cancelled as part of the law that allows shares in a previous ticker to be cancelled when a RM takes place. that is why SGMD will not acquire budcars, they need it to remain separate so they can cancel the shares and start fresh with a new ticker.
Keeping it the same so you all are moved and included in the new ticker would just prevent them from selling more of the new tickers shares at a high price like they did in the SGMD beginning so NO you will not take part in the RM. maybe you will get 1 share for 100,000 sgmd shares and that is so you rush to buy more of the new ticker and load up and THEY TOO prepare to explode!!!!
:)
