suissac, NO! No need to keep reading 8k's with maybe we will do this and we intend to do that and we likely may do something else.
SO far there is ZERO proven facts. Up to now, it's all intent.
Photos of photo shopped budcars cars, stock photos of marijuana fields and photos of unmarked white vans in a parking lot have little to do with facts.
Photos don't make a company a success, action and revenue does, and so far SGMD has no revenue, $20,000,000 in debt and no letting up on the daily dilution of shares.
When the authorized shares are all sold that will be the end of that, and we are approaching that 10,000,000,000 share dump. If people still want to buy shares they will increase the authorized another 20 billion.
SGMD sold 200,000,000 before the increase for about $30,000,000 then diluted the float with debt shares killing the price and soon another 10 billion will be added to the authorized.
As the price goes down, more people buy the shares cheap believing it will head back to $.10 and those 10,000,000,000 in the float can be sold for $1,000,000,000. PROBLEM! The bid volume may only be for 1,000,000 with an asked volume of 50,000,000
No market maker will buy YOUR shares for even $.005 when they can keep buying them from the SGMD debt diluters for $.001 or less. They will regulate the price down and down by adding shares to the float to keep YOUR shares from ever rising and hold you hostage.
When the pump is over, SGMD will be $.00001
GOOD news is not intent news. Bad news is having $20 million in debt. Having billions in the float with more added each day and no revenue.
I understand NO ONE wants to have gotten in this stock early and now are at a major loss and anyone saying they are at break-even or made money in this is a liar, except us of course because we know what did, has, is and will happen.
Unless you shorted the stock when it was $.18 knowing what these OTC's do and when so you can sell at $.18 and buy them back at $.01 like we did will you ever make any money.
That and being the owner of the pumped OTC are the only two ways to make money on these stocks.
In order for a few to make millions, 1000's of pump investors have to lose smaller amounts (that would be you).
Individually you may lose $200 or $2000 and it won’t ruin you. It may piss you off but it should not really hurt you other then your pride.
But for a few who are selling the diluted billions and making millions, that should tell you there is NO reason to make a business and work hard to make it work when they make more money selling shares.
Shares being sold are limitless as long as people are buying. It is much easier to increase the authorized, sell more shares and make more millions then to actually stop and run the business.
The only business now is selling shares. Remember they have to FOOL you into thinking they are not just selling shares and actually doing something. The better then are at fooling YOU the more money you will invest.
The phrase "A fool and their money are soon parted" seems to have some truth to it.
I applaud Jimmy and his shadow team. They are compliant and not breaking any laws. They say they may do something but it may not work so you invest. And if this all fails, there is no law that says a business cannot fail as long as they tell you that (which they did) before you invest.
That warning negates any legal or compliance action you can file against them. If you bought SGMD when they said you may lose all your money and SGMD may not complete any of the tasks they are trying to do, you have no case or claim.
You were warned and once warned you are the only one to blame if you lose money.
If you call all you’re so called congress, senate, SEC or enforcement friends you say you have and they ask you, DID YOU SIGN THIS BEFORE BUYING THE SHARES? (Small print, you may lose all your money and the company may not achieve their intended goal) and you still invested they will hand the claim and your signed document back to you and say SORRY can't help you
:)
