Suissac, You still don't get that the fact is that Jimmy is NOT the problem or the cause of all this.
Jimmy is just a patsy used by the shadow debt investors that latch onto a CEO who is desperate to make a few bucks from his failed public entity (SGMD). Jimmy knows full well this is his first and last stint with this scheme. If Jimmy is banned it won’t matter because he has no intention of doing this again. He would have to once again start a public entity at great expense and have it fail again so the scheme debt investors can latch onto that new ticker.
These tickers like SGMD are at the last leg of their lifespan and once it is over, Jimmy will retire or try and have his small share of the money SGMD raised to afford some sort of future but it won't be much since he got so little of the money raised.
Jimmy is in many ways also a victim. His name is on all the filings so anyone would think he’s the only one doing all this when he likely was promised a lot more money than he actually received. If Jimmy were to break the law and banned it will not stop the pump and dump schemes because the position of Jimmy is just a planted patsy to file, be blamed, take any heat from any regulation enforcement actions.
Jimmy is so low level that he’s likely being screwed out of millions, why? Because those running the scheme told him he will make $10,000,000 if he does what they say and when he does (change SGMD from paper to marijuana) he ends up getting not $10,000,000 as promised but maybe only $20,000 in dribs ad drabs.
He ends up being told, “If you want more money, issue (Us) the schemers more shares”. Since jimmy got his taste of his first $20,000 free cash, he ends up making the decision that if he is to get the $10,000,000 he will have to increase the authorized to 10 billion so he can issue more and more shares to the debt investors who hold Jimmy’s $10 million hostage unless he keeps issuing more debt shares.
As the debt investors dilute killing the price, they go back to Jimmy and say, “we can't give you more then the shares are worth so you have to issue us even MORE shares for the same $20,000 for each 100,000,000 you issue to us.
Jimmy now knows the only way he will end up with some money is to keep issuing the authorized as debt is paid. If they pay Jimmy $20,000 per 100,000,000 shares on artificial debt and SGMD has 10 billion authorized means Jimmy will sell 100 blocks of 100 million shares. $20,000 times 100 is only $2,000,000 so that is about what Jimmy will make if even that much.
If you follow the money Jimmy received it would be a fraction of the money people have been duped out of. If the SEC even did go after the money, Jimmy is the only one linked to any funds and $2,000,000 which is likely all spent will never be recovered. Everyone must know by now that SGMD sold off shares cheap and those who resold them made at least $50,000,000 to maybe $100,000,000 or more to retail investors and Jimmy got very little of that money.
All the CEO did was issue shares pay off debt, which is legal. And those who paid the debt and received the 100,000,000 shares for $20,000 ($.0002 per share) have every legal right to resell them at any price to recover their debt payment even if they sell the shares for $.01 and make $1,000,000 once the shares are issued by Jimmy for debt (legally), those who own the debt shares are not part of SGMD or owe SGMD or shareholders a dam thing.
Any money you all spent on SGMD did not go to SGMD. Not one penny. If you buy more SGMD shares today, that money does not go to Jimmy or SGMD so your investment does not help the company at all.
If all these shares are being bought and none of it is going to SGMD, SGMD cannot achieve their plans or goals with no cash and only debt. That means the only way your shares will increase in value is if new suckers jump in and rally billions on the asked. But even if that were to happen the market makers will just buy more shares cheap from debt investors who just get more from Jimmy and NONE of the bid trades will be from you or any retail investors.
It’s the same as if you bought a 18K gold Rolex at a yard sale for $100 then you resold it at a pawn shop for $3000 and the pawn shop knew it was a rare model and sent it to auction and it sells for $500,000. Then the garage sale seller says YOU screwed them out of $500,000 and you say NO you resold it for much less then $500,000 they will still accuse you because of the fact no one else is available to blame.
Jimmy is a pawn a patsy who is told to put out PR’s that Jimmy just signs that he probably never even composed. Jimmy is just in this to make his $2,000,000 and vanish never be a CEO of a public company ever again by choice not regulations.
The ones running the scheme will just move onto a new CEO and start he process all over again. As long as there are 12,000 OTC with most being very questionable you can imagine the money that is made doing what they did to Jimmy with 500 other OTC’s at any given year. If they made $50,000,000 with SGMD and do with the other 500 schemes that are just intent pump and dumps, that is serious cash.
$50,000,000 x 500 is $25 billion clams each and every year. And each and every year 500 or more tickers come and go on these schemes and each time they re-emerge and investors jump in and will never stop.
25,000,000 investors who will average each year $1000 on one ticker or spreading the $1000 to 10 different tickers still equates to the same $25 billion (more like $100 billion) annually lost to these schemes.
That problem is NOT the companies of even those like Jimmy's fault. When you read a PR written by Jimmy you need know that your reacting to intent words and since you don’t even know Jimmy personally you can’t say he is honorable. You react to intent news, buy shares like a lotto ticket and hope for the best. None of the PRs say a sure thing so buying into them you have to know it won’t happen as intended.
The issue that keeps these schemes thriving and making billions each year are due to one factor, investors who just don’t know or care about intent, rules or honesty with the CEO, they just want to gamble $100 to make $1,000,000 and that never happens.
No one here knows Jimmy and only trusted him by his intent posts. That is the crazy part of all this. Especially when the PR or 8K says clear as crystal that investors could end up losing all their money. So when the money is lost, investors should be applauding Jimmy for being forthright and honest by saying you may lose all your money and when people did he can say he warned you.
You cannot now go back and say he tricked you or lied when he said well try but there are no guarantees and you may lose all your money. The entire issued with schemes like this are the fault of ONE group of people and they are:
The retail investors who believe what they read also fail to read what they believe.
If Jimmy is stopped it will be by his choice not yours and before anyone even looks into this it will be all over with no one to contact.
