Sugarmade Inc (SGMD)

[ironguts]

well...the financing coming isn't free....i'm surprised or not surprised that Jimmy didn't put the financing details in the PR....so let's assume what a more than reasonable financing down at these levels could be:

so 1.35 mil needed.... so discount to market would be approx. .05 assuming no warrants attached = 27 mil shares diluted.
If warrants are attached then expect more diluted shares to go with 27 mil shares. Typically they could range 1:1 or less. Now if it's an Asher type (spiral dilution)then we could expect lower lows.
Chart wise we are at .08 stage where there was a 3 day uptrend started and then a pullback and the down trend continued. Now another uptrend has started today....let's see if it holds or do we find a new bottom....

oops accidently posted again!