CanItBe, It is hard to have the facts sink in as you stated part of the following;
It's a shame because this could of and should of been a very profitable company but Jimmy is trying to grow too fast and until he can actually show some growth with all the profits instead of spending it all on overhead this will just keep going down and down. I understand the need to expand, but balance is key here. Will Jimmy ever turn this thing around? If I ever find the bottom I will load up again. But for now, I just keep reading the reports and news and shake my head in disbelief.
The company NEVER set out to be profitable. Because this is only a share selling scheme they must have debt to sell diluted debt shares NOT products as you so believed. If SGMD said they were going to have debt and dilute shares from $.19 on down to $.0004 would you ever have invested? NO you would not. So you fell for the sales news and profit intent. That is how you sell shares in a share only selling scheme, news you want to hear and believe.
Jimmy never spent profits on overhead; they have NO overhead, maybe an office or PO box. Why would Jimmy ever turn around a company that from the start was a share selling scheme? If you want Jimmy to turn things around it will only be at the benefit of him and the debt investors and not retailers (you and of course Suissac) and of course 1000's of others.
You WILL find the bottom and you will likely end up buying more cheap. I have said it over and over. STOP believing the Pr's are real and STOP believing that the plan was valid and just needed some adjustments to make it work. Their are two plans.
A. Set out to be a share-selling scheme (The actual plan)
B. Set out to PR that they will be a huge company and will make millions so they can sell you shares to complete plan (A)
By now you should know shaking your head in disbelief was part of the plan and also saying when it hits bottom you will load up AGAIN! Have you not read my posts saying it WILL bottom out and you still will not make any money? But hay who am I to also say believe me, right.
One fact to all this is that I posted what will happen based on the realities of the OTC markets and why people will lose all their money. If you believed this would be any different you have to blame the great PR's that were created only to get you and others to buy shares and the fact that OTC investors have no clue what they are doing. A share selling schemes best friends.
Stop believing it would have been better if Jimmy did things different or that money should be used differently. This is not about business or companies or sales or profits or plans to make $100,000,000 other then selling ONLY SHARES!
I really hope this sinks in now that you see what I know what the hell I'm talking about. The problem is more PR from MORE share selling schemes will pop up and everyone will still jump into those tickers high and buy more as they tank, same as SGMD. Same debt investors in the shadows making billions off these schemes. FREE MONEY just not for investors.
Many into this stock believe it still has a chance but the fact is the same as when the company started. It was set up to have all this happen. It is part of the plan. What you have to believe is this is the way it was set up from the beginning. Things just did not happen bad because of other reasons.
Like I said if you buy now to cost average and even buy in now for the first time the stock will never make anyone any money (unless you short it like we did at the initial stages of the scheme).
When this hits $.0001 or less, everyone will jump back in and do so thinking when it rises to $.0003 they can make a fast 300% but as I have also said, 1000's will try and sell and the market makers will not load up on shares they cannot resell.
You may see green but that is due to asked sells not bid buys. You may buy in at $.0004 and see you’re in the profit arena but that is based on more diluted asked shares being dumped. If you try and sell on the bid it will be $.0002 increasing your loses.
PLAY THE GAME. But for gods sake stop saying why it could have worked when this was not about work in the first place. Remember this ONE FACT. Even if you buy now at $.0005 and it moved back to $.01, 1000's have their sell orders in place and no sane broker or market maker will buy them.
Why would they buy up 8 billion at one cent at a cost of $80,000,000 when they know the company is a share selling scheme? They all know this 1000's of times from the other OTC schemes. Why buy back what they cannot resell? AND any rise in price with asked sales also rising will allow them to buy more shares from the debt diluters for much less then the bid retailers which means even if they bid rise you still won't be able to sell.
If they RS which I doubt, but if they did back to 200,000,000 float at $.12, the process you have seen starts all over again. They RS, increase the authorized and back down they go. I'm waiting for the RS and as soon as (if) they do it. We will short $.12 shares and buy them back at $.0005.
It is the same as us buying $.0005 shares and selling them for $.12 and making $.11 profit. The difference is we sell them at $.12 and buy them back at $.0005 and make the same difference. The one fact is we know buying at $.0005 they will never rise to $.12 but that selling at $.12 they WILL tank to $.0005.
OTC schemes hate people like us. We make money like they do. But they also know that we are not a threat to their revenue. We may make $400,000 shorting this stock while they make $80,000,000 or more so they know it is just the reality of this industry. They figure NO ONE will short a stock they claim will go from $.12 to $1.20 and try and scare away shorts but we are fearless and also know to many will buy these tickers on down to $.0001, the lower it goes the more money we make.
