Sugarmade Inc (SGMD)

[bailosellhai]

I dont know why all this hate for Jimmy Chan.
It's because of Jimmy we are at .15 and not .03 or .06
It's because of Jimmy we have a Bizright deal.

Sugarmade is a young public company with little experience reporting as a public company. Their accounting staff simply, as stated before, were not and are not capable and experienced enough to meet the new demands. And thats now, with a team 3x larger than before.

So possibly they are working with outside consultants to learn and get them to where they need to be, as previously stated by the company. A good move by Jimmy

They are working with auditors to make sure everything is done correctly. Good move by Jimmy

They are working on getting, or already have, a CFO with the knowledge and experience to lead the new (6mo old) accounting team. Good move by Jimmy.

They are focusing on growing the business, rebranding, and building the structure of the company. All of this takes time.