Sugarmade Inc (SGMD)

[ironguts]

pretty low volume for a supposedly $1 stock? ...so let me get this straight

BizRight and its owners will be compensated via a combination of cash and common shares in Sugarmade. Effective the contract date, Bizright will be compensated Two hundred million (200,000,000) common shares and in approximately sixty days (60), Sugarmade will compensate BizRight and its owners two million dollars ($2,000,000) in cash. Upon raising additional capital, the Company will compensate BizRight and its owners an additional four million dollars ($4,000,000) in cash. Based on revenue performance, BizRight and its owners will be eligible for compensation of up to an additional four hundred fifty million shares (450,000,000) for revenue performance based on a monthly revenue of ($2,500,000) or ($30,000,000) annualized revenue goal. At full earn out outlined in the Agreement, Sugarmade will issue BizRight and its owners a total of four hundred fifty million (450,000,000) shares.
Fck...looks like Bizright getting an early pay out.... 2 milly up front and like FL says.... better have the 200 mil shares locked up for a min of 1 yr and a 2yr lock up would be much more appropriate if Bizright is determined to be a longterm partner.. Now where is the cash coming from????....anyone hear the sound of the A/S going thru the roof?