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Penny Stock!

6/26/2017

No risk no reward.  I wanted to play with something with some strong earning potential, all financial advisers warn against penny stocks because they are so volatile.  I wanted to be invested in something that had huge potential.

WARNING: PENNY STOCKS ARE EXTREMELY RISKY, NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE.

Sugarmade (SGMD) manufactures paper from sugar cane that cost about $30 a ream, Staples sell a case (10 reams) of regular paper for $25.  This didn’t seem sustainable but they had other things in the works which is why I was attracted to them.  They are working on cannabis storage and sriracha sauce sticks.  I thought both these items have potential even if their paper doesn’t.

Using the brokerage account I bought 5,800 shares for $0.055 each, for a total of $325.95

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