Realtalk, that is incorrect, you wrote;
When weed becomes legal this will fly to 5 cents, long term hold here 1-2 years.
I posted before that if SGMD is unable to make $$$ in the legal states what makes you think they will make money when all states are legal? It will just be failure on a national level not just state level for SGMD.
If MJ becomes legal federally, SGMD will just use that to sell more shares by adding another 50 billion to the authorized and sell them below investor profitability.
States that are legal are seeing billions being made in the MJ space yet SGMD is losing money in the same states that others operate in because they are not in the marijuana space. They do not own any dispensaries, they do not grow any marijuana, and they make no revenue from the marijuana space.
That same structure will follow to a national level but the PR’s will say, now that MJ is legal in all sates, TO DA MOON!
I understand you know this already and in many of my posts I state that investors who have lost quite a bit often pump up the stock just so they can get out even at break even by getting others to be sucked into the schemes plans. You in many ways are an unpaid marketing employee of the scheme that keeps the OTC from being charged with those misleading posts.
The best pumpers a scheme has is when retailers pump the stock as you are doing and the best part for the scheme company is when retailers lie to convince others to buy because it removes any questionable news or posts away from the company. When retailers start to lie and pump it is not only free publicity for the company but also holds the company harmless from any SEC compliance issues.
When you say it will fly to $.05 with no disclaimer or proof, the company is off the hook, as some believe that will happen. If SGMD said this will fly to $.05 with none of the disclaimers they would be charged with fraud and misleading data.
Part of these schemes plans is to get retailers to post lies or guessing or facts such as it will fly to $.05 as a fact when that is not an actual fact. Here is one problem. The SEC can in fact go after you for that because it is a security manipulation issue. Have you ever noticed when others (paid pumpers) post this will fly to $.05 always have at the bottom of the page, that they are just posting opinions and no one should rely on the post as accurate info?
That is because if you do it often enough with out the warning you can be held liable. What you need to say is this COULD fly to $05. But again if SGMD were in the MJ space in legal states they would have already been selling $100,000,000 and netting $30,000,000 but the fact is they keep posting losses.
