Sugarmade Inc (SGMD)

[mrw21j]

Real words that have yet to materialize real results.

The previous release of quarterly financials should have been followed by the two subsequent currently delinquent filings.

If they are so incredibly backlogged, why release the Sept 2017 filings and continue to hold off on the Dec 2017, March 2018?

Logically, any holdup of previous filings should be easily managed once completing financials becomes a priority.
Financials becoming a priority is the general concept gleaned from his statement.
The merger and increase in business volume did not involve SGMD until Jan 2018, so it would follow that even if this is a mitigating issue for completing financials, it should only affect the quarter ending March 2018. Finishing the Dec 2017 report should be simple updating of numbers and description of the pending merger as a noted event within the Dec 2017 report.

I believe the company is situated well. I believe the company has potential to be a key player in cannabis support infrastructure. I do not yet have full confidence that management has shareholders interests as a priority and is simply not competent to execute the additional business volume and growth they have acquired.

The conspiracist side of my argument is that the details of the merger are so unfortunate, that it will take at least two more quarters of sales/revenues to get back to black, and until that time there will be no further release of financials.

If the price does continue to fall, I'll plan to load in the fives, until then it is a patient and begrudging hold for me.