This Board has nearly come full term in regards to the realization that SGMD was and is in my opinion, and many others as well, built upon the premise of how the only corporate officer and closely knit friends of same ilk, can make money to enrich themselves at expense of others. As pointed out numerous times by one well informed and versed poster here, one whom has tried to educate a long the way, you enter the OTC as an ‘at risk’ investor. There are volumes of cases in which corporations are challenged from legal basis, and 99% escape fully unscathed via Forward Looking Statements. I’ve copied in one such example from SGMD below. These statements are put forth warning any investor to inherit risk of any dollar invested, and it’s the individual whom is responsible for their own DD. But blue sky thinking takes your dollar and triggers your thought process to a thousand dollars, creed takes over cognitive thought, and you are typically left with near zero to zero. When SGMD was a relatively unknown, it dumped a few press releases out the door, and ran just above .40. Money started pouring in, creed crept in, and then another press release. One gets caught up in the euphoric episode of making a lot of money,it will run above a dollar even with small dips in PPS, and then the bottom starts to fall out. Keep averaging lower, it will bounce back. Well the ball is out of air but the tall tale signs were ever present. We’re you mislead or misinformed or did you rely on SGMD telling you what they want to be when they grow up and again let creed rule. When this darn thing ran I made an excellent profit and left. I did keep an eye on this entity only to see many of you lose your hard earned money. Whether it was a dollar or a hundred thousand as one poster boasted about, you have zero today. I’m empathetic on this subject. The SEC and governing body’s are overwhelmed with inquiries and complaints, yet totally understaffed to perform regulatory business. Short term that is not going to change, and historically speaking, 1% get nailed. The SEC can handcuff entities with legal due process, knowing said entity doesn’t have the financial where with all to respond, and close shop. This would be SGMD fate.
Copied in text:
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others, such as but not limited to; economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition, uncontrollable forces of nature and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
