These valuations are unsustainable for a sector full of crap stocks... Its simple math
People have been buying this hype for months. Most of these stocks are not worth 10% of their current valuation, based on the NUMBERS... and even bigger money + dilutors + financiers + insiders + promoters etc know this and will come in and crush them all in the not too distant future. Just like last time and the time before.
This sector will be dominated by the tobacco companies, big pharma, etc in the future, along with all the $$$/companies ready to expand from Colorado, etc. These companies ALREADY have products/services and are using their lobbyists to push their agenda, discreetly. They will crush these poorly ran, underfunded POS penny stocks, trying push a low margin product that nobody will know about, because they have no $$$ to market against the companies that have billions... Many of these crap stocks will get crushed from the regulations, taxes, permits, penalties alone
The fact is, SGBY is a small fish in the testing market. They are paying a lot to buy labs that others have started and there are more of them competing with SGBY than they could ever buy. The big testing companies in this space have a LOT of $$$ and SGBY will likely be crushed down the road. Theres a lot of competition already, but these large testing companies are just waiting until the vote is YES... These are the long term ODDS. Very few penny stocks ever make it because it takes $$ to make more $$$ and SGBY CEO has to dump his own stock so they can raise pocket money?! Hello?!
Hind sight will be 20/20 here... One has to be realistic about what this is... Its a cash starved company with a fully diluted OS already in the billions (thanks to insider greed) and i bet they show some big losses in the upcoming quarters.
Running multiple small business locations in multiple states, has added costs... Revenues should jump a bit, but so should the expenses/overhead. People have unrealistic near term expectations here. Finding a small stock thats a winner LONG TERM takes a lot more consideration.
When you have big gains in pennyland, at least take your initial off and ride freebies. Trust me... cant stress this enough!
News 
Market Data 
Discover 
