Replies to post #25705 on Sugarmade Inc (SGMD)

[Powdercoater]

So the R/S won’t show a loss but the peeps dumping will make it a loss. Been through a few of these and they are never good. The people saying it will be alright are the people with sell orders in. Now what I have found out is people know it drops substantially so they dump and wait for bottom then buy them back up at a big discount. I had been in here for a bit and sold the rest a few weeks ago at .0199. Unfortunate & Sucks for sure SGMD... GLTA here.

[SantaZar]

AS stays the same. OS gets divided by probably 300. Your # of shares will get divided by 300. Price of shares will multiply by 300. However, that price will probably only last for a small fraction of a microsecond.

AND, once they do it, you can't sell your existing shares (for 20 days or so until the symbol changes back to SGMD), cause the symbol will get a D on the end of it.......and nobody has SGMDD shares yet.

I'm assuming 1-300 cause they said that was the upper range. It could be less. Doubtful though.

And yes. People will wack out fast.........fwiw.

HOWEVER, this is a Pre-14, which means 'Preliminary'......it won't actually happen until they file a Def-14, which means 'Definite'.......and it has to be approved by FINRA.

Once it shows up on the Daily list, it will happen the next day.....so you have a day to sell if you want.

Trading will probably be Topsy Turvy on Mo.......

z