Sugarmade Inc (SGMD)

[VFrankenstein]

First off I am not a basher. I do have a sizable amount invested here and would like to increase my holdings. However, I am concerned about the lack of responsibly of the management to get the financials filed! IMHO the excuse that they are to busy or there is no one to get them done is a pretty crap/lame excuse after this amount of time. It is more likely that the numbers are too scary and they're hoping they'll get better.

As of today there are four reports not filed: (Fiscal year 10K ends June 30th)
2Q 2016................379 days late
10K 2016/17.........167 days late
1Q 2017................106 days late
2Q 2017................14 days late

They talk of up-listing....This can't even begin without filings being up to date.
Share price reaching $1.00+.....This too IMO will not happen for same reason. I do not think it will even reach $0.50 cents until they file. The longer they go without filing the more the share price will slowly sink.
Also IMHO, no serious investors ie: very deep pockets / institutions / etc, will touch this without knowing the true/complete financial status of the company. Neither will I.

So if any of you have any input or influence with the management, I strongly urge you to encourage them to get the paperwork finished.

I strongly believe that if what the PR's have said is correct, $SGMD is potentially a great investment. I would not have written this if I didn't.

GLTA