Post by
CravingProfits on Jan 29, 2022 1:32pm
I am voting YES....
The other option would be to sell at a big loss as my average is now around 3.5 cents and holding a lot of shares.
For those who have owned and operated small businesses, [under 1 million or less in Revenues} , it is fairly easy to open up a mom and pop brick and mortar store if you have a bit of money. [200k?] Only to find out you need much more money than expected to grow, advertise, increase inventories, train and hire, taxes, insurance, loans and interest,accountants etc, etc. So if you do not have financial backing of your bank, suppliers, friends or family, investors, your own cash...good luck. A house mortgage might be all you should have attempted.
The succesful ones either come from money, ot they sacrifice and re-invest every penny back into the business. Normally it can take at least 5 years to be able to take a breather.
Now as far as Sugr is concerned, they have a bigger problem. They are not a small mom and pop store. If they were, I bet their net profits would be surprisingly great. But they are not.
They built their business model on being a National distributor. I can just imagine the extra costs involved in legal fees getting their products approved, the size of the infrastructure required to grow these plants, shipping costs, website costs, stock market listing costs and fees , plus all others listed earlier. In other words...they are tackling a huge project with their only chance of breaking through is more time and more money. How long did it take Amazon,{9.5 years?] Uber {3rd Q 2021?} Airbnb and so many others to make a profit? Years!!
I know the comparisions are not fair but the outcome just might be ,but on a different level.
So as a novice investor stuck between a rock and a hard place...I decided to give Sugr the benefit of the doubt in these difficult business times and see where that leads. We sure are going nowhere fast at 1.5 /.02 cents, a huge volatile float and low possibilities of raising cash right now , to push forward without a consolidation.
As you know,,,,it takes money to make money. So I`ll be paying for some of it. lol
Good luck to all....but mostly patience will be needed once again moving forward barring an acquisition. Rome was not built in a day.
All in my novice opinion.
Comment by
TwattinghamI on Jan 29, 2022 5:18pm
This post has been removed in accordance with Community Policy
Comment by
CravingProfits on Jan 29, 2022 5:58pm
You must have been heavy in Nortel and Bre-X stocks. These guys had helicopters and not rental cars. I hope you are making money or at least being paid for wasting time on here. I tend to waste my time on stocks I can possibly make a few dollars on. You spend your time wasting ours I think. Again...only my novice opinion.
Comment by
stockman2021 on Jan 30, 2022 1:08am
This post has been removed in accordance with Community Policy
Comment by
Frogzilla on Jan 29, 2022 6:56pm
This post has been removed in accordance with Community Policy