There is no wall and his conscience is clear, the plan from the start of this pump was to dump debt dilute and take investors money. If there were any remorse or guilt it would have been done before he decided to partner with the debt investors.
Keep in mind this is not about greed but survival and just like you living next door to your best friend who has food and you do not and you have a starving family during some civil unrest, you would surly take his food or kill him if it means saving your family. You can say NO you won’t but yes you would if that were to happen.
Jimmy had a failed paper company, if he did not take the debt offer to covert to a marijuana scheme he would have folded and had nothing. He had to make the decision to increase the authorized so he can issue 100,000,000 each time to the debt investors for maybe $20,000 maybe more maybe less but far less then even the current price.
It was feast or famine, do or die. He had no choice and either way he knew and I also knew the stock would tank and never recover and in every PR, 8k, 10k and filings he signed a document saying that investors know the risk and that SGMD may not achieve their goals. That means no matter what.
Failing is not a crime. Investors losing money is not a crime. It’s a simple statement, buyer beware.
What ever Jimmy made is well hidden outside of the company name and the debt investors money is long gone off shore to the Cayman Islands.
The crazy part is, as the stock keeps dropping, you all keep buying to cost average. If most know this is a sham why buy more shares? Your just giving them more of your money! Crazy investors never learn.
I guess if no one cost averaged from $.10 they know they lost but keep buying to cost average is purely a defense mechanism that never works. Not when there are billions in the float.
And let say the stock did rise to $.02, 10,000 or more would try and sell at the same time and maybe 2 orders would kill the price right back to a loss to 99.99% of the investors. Back when I told people do NOT buy at $.18 (to bad they did and some told me that when SGMD goes to NASDAQ to $5.00 per share ill be sorry) good god!
$100 at $.18 got you 555 shares. Now $100 gets you 110,000 shares and soon $100 will get you 2,000,000 shares. For some reason people think that’s a good thing. It is only if you buy the 2,000,000 for $100 at $.00005 and they rise to $.00006 and you make $120 before trade commissions.
Other than that there is nothing to look forward to.
