Sorry to say it will not and even if it did go back up to $.02 cents or even a penny, 8,000,000,000 shares held by 1000's of investors would all rush and try and sell them.
When that happens no one will want to pay $.02 or even $.01 on the asked volume to match a huge sell off. You will never see this stock with an asked volume of 8 billion at $.03 and 8 billion on the bid allowing you to sell at $.02.
8 billion at $.02 on the bid totals $160,000,000 which means the market makers would have to have the same $.03 on the asked, $240,000,000 with buyers taking out those $.03 so everyone can sell at $.02 which will never happen.
And even if the asked were raised to $.03 with a bid of $.02, the market makers would not buy your shares or any other retailer’s shares. They would get more shares direct from the company and pay the company but at far less than the bid price. That is where all the shares being dumped into the dilution are coming from, the company not the investors.
If the market makers got 8 billion so far from the companies debt dilution dump, what makes you even think for one second they would not just keep getting shares to sell on the asked from the same source?
Any rise in price, the shares sold will not be yours but from the debt company shares same as what is being sold now.
If the shares do go to $.02 like you believe, the bid may only be for 2,000,000 then as those are sold the market makers will drop the bid price to $.01 for 1,000,000 then on down to $.0001 for 8 billion but still ONLY if there is pressure on the asked at much higher volumes. And ONLY is the company sells off the 10 billion authorized but with this kind of free money being made they will just add another 10 billion to the authorized.
If people are buying shares, they will always have shares to sell.
The market makers are regulating the price so the bid and asked stays pretty much the same as billions of more shares are sold. The more they sell the more they make and so does the company while those who BUY the shares have to sit and wait for a situation that will never arrive as you believe. SGMD will continue to drop in price as dilution continues and more shares added to the authorized if needed.
The shares will end up $.0001 or lower with very little pressure on the asked or bid as the scheme winds down.
The moment someone says buy now and sell at $.02 is one of two people.
1) An OTC investor who has no clue what they are doing
Or
2) A paid pumper paid to get the few suckers to buy up the remaining crumbs of shares before the lights are turned off.
The next phase is investors who keep buying on the decline will keep buying as the stock drops in price allowing more billions to be added to the float with no recovery.
The more shares added daily to the float, the less likely anyone will be able to sell for a profit.
Now you know :)
AI
