Sugarmade Inc (SGMD)

[josbor8]

I think their big problem is that they don’t have a CFO. I could literally think of nothing worse than hiring a group of accountants and have them relay information to a CEO and an outside consultant (apparently who they hired).

That alone has to be one of the reasons it’s being dragged on. If there isn’t anyone dedicated at the top of the organizational structure for finance/accounting, unfortunately I have very little faith in the reporting getting better.

Could be wrong, but I doubt a CEO’s top priority when growing a company is getting the financials out. Their main concerns is the execution of the business plan. I get the financials are what shows how the business plan is doing, but every CEO believe with conviction that they’re making money without ever seeing their financials. Just how it is.