OlinSain,
"So SGMD is childish when it comes to shareholders' cashing out? And a bit criminal."
First you need to get this through your emotional blockage.
THERE IS NO CRIME COMMITTED!
SGMD has so far done NO wrong. As long as they say intent and that the risk that the plans may not happen, they are off the hook taking your money and buying a yacht a Rolls Royce and Rolex watches.
I find it funny that OTC investors see the demise and dilution happening right in front of them and STILL are in denial.
Not to mention investors on the down turn always cry CRIMINAL, Arrest the CEO, the SEC will throw them in jail etc.
The SEC does not arrest anyone and the SEC does not enforce the law with criminal activity. They SEC only take data IF they are sure they have a case and send it to the DOJ (FBI) for any enforcement action. Intent and not completing the plan is NOT a crime.
Taking your money is not a crime. When the DOJ sees they told you it is intent and risky that they may not achieve their goal they toss that file in the garbage.
This is proven by the 1000s of people who keep saying the same thing about all OTC.s. Criminals Lock them up, arrest them. The fault is with the investors who are told you will likely lose your money and when you do its your fault not the OTC's.
If someone sells you a car and says it will go 100 miles on ONE GALLON of gas, they are telling the truth. In the small print it says only if your coming down from Colorado down hill in neutral so you don't use gas then they are not lying.
But people think this will revolutionize the auto industry thinking the cars all the time will get 100 MPG and the company will take over the auto industry. That lack of reading the small print is what gets investors in deep trouble.
SO GUYS, STOP saying he SEC will arrest people, it really makes you sound really naive. But that maybe why so many invest in pumped stocks with belief rather than caution.
My favorite is when paid pumpers say TAKE OUT THE ASKED and the price will rocket to the moon. So the same investors at a loss will buy more (at a loss) just to make it look like they are in the green.
You are ONLY in the green when you sell the shares for a profit and until then you are at a loss.
That is when the dilution prevents anyone from selling with any gains and YES that means you Olin sorry to say. It is the Truth.
You will NOT be able to sell your shares at a profit and if you could, the market makers would slam the door on your sell order.
SGMD will not have any data processed by the SEC into a case that is turned over to the DOJ for prosecution because SGMD did not commit any crimes. That you have to understand.
Regulations need to change NOT laws.
It's a double edge sword, If the DEBT CONVERSION rule was eliminated, SGMD and other OTC could not sell debt that allows BILLION of shares added to the float, but the flip side is, since the companies that do dilute have no revenue or money making operations they would fold.
SO it’s a choice to the retail investors.
1) Accept the fact those companies will debt dilute and dump shares knowing you will not make any profits only losses and risk your money on a long shot.
Or
2) Not have any sub penny hot intent stocks to be able to buy to live the dream to turn $100 into $1,000,000 on a $.0001 stock going to $1.00
You would have to only be able to play the legit companies that would have higher share prices knocking out that dream of turning $100 into $1,000,000
For those investors, spending $100 that turns into $10,000 is not not exciting enough because to make $1,000,000 you would have to spend $10,000 and retail investors just won't invest that much on one stock. That's the LOTTO mentality. They want to spend $1 on a ticket and win $10,000,000.
Eliminating the debt conversion rule would be horrible for the risk gamblers who would stress they cant get a hot topic stock cheap so they can cost average down believing on the uptick they make a killing on the stock.
It is just the reality of the OTC.
