Konshe, Wall St Kid. Everyone! PROBLEM? with many saying the same thing (they want to sell for 100% or 150%) only a few out of 1000s who want to do the same as you both will not be able to and neither will you both. WHY? Ill tell you.
If the BID price rises to even $.003, which is a stretch, and people try and dump the shares with a bid buy volume now set at 595,000 that many paid only $.0018 per share comes to only $1,071.
That means, if SGMD sold 300,000,000 over the past week at $.002 which comes to $600,000 and just 3 people who own those 595,000 they paid $.0018 ($357 each)
When you divide $600,000 by $357 you can see that there would be 1680 people trying to sell at $.003 to make the same 100% or 150%.
3 of the 1680+ people would be the only ones who are able to sell at $.003 then the bid price will drop below $.0018 and the other 1677 people will own shares for less then what they paid.
Not to mention that even though shares are selling at $.003 with a 907,000 volume on the asked, once those 907,000 are gone they just add more on the asked for $.003. They will keep adding more and more $.003 shares as people continue to buy.
You see the asked at 907,000 volume but 85,000,000 traded so level 2 is actually non-existent. You see level two at a higher asked assuming the bid goes up but it never happens. The bid will drop while the asked stays the same more or less. This makes it so no one other than the company will sell to make money, others will always be at a loss.
And even if you tried to sell now only 50,000 shares at $.0019 the MMs will drop the bid even before the 595,000 big figure is reached.
The shares are held hostage because the MMs don’t want to buy, they only want to sell and the only ones selling are the company, which means? The only ones making money are the company and CEO and a few pumpers who make a few bucks here and there.
Ill say it again, you all know this! You know it full well but for some reason want to believe it wont happen this time.
Lets face it. A stock certificate of 100,000,000 at $.003 comes to $300,000 for just a 8 ½” x 11” piece of paper. That’s more money then gold, diamonds and YES even the need to make a company work to make profits.
If SGMD said they were going to make $20,000,000 and have to work for it why do that if $20,000,000 divided by 100,000,000, $300,000 certs is just 66 pieces of paper! Last time I looked I was never able to sell 66 sheets of paper for $20,000,000 like SGMD has done, so why sell anything other then just paper? RIGHT!
Why pump a gold mine when the paper is worth much more then gold. Why sell pot or deliver pot when selling paper is worth much more! Why sell ANYTHING?
Well they can’t say “Hay investors were just selling shares of paper” that you would not like so they say they INTEND to sell pot or masks or whatever because that is what they know you want to hear.
SGMD, I actually am liking these guys.
They are playing the game and winning and NOT breaking any rules. Got to hand it to them, they are 100% legit and raising TONS of cash!
Right ON SGMD you got my respect BUT not my money..:)
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