Sugarmade Inc (SGMD)

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I've been almost completely out of this stock since the original announcement of the share increase. So far it hasn't had an obvious impact on the share price like it has other stocks, the ones I've seen have decreased 50% or more due to share increase announcements that weren't as big as this one coming, so I have been scared to invest or trade here, especially when other stocks are flying big. But after the shareholder meeting and 8k that made the increase official, the share price still hasn't plummeted, so I think maybe I'm wrong about the market reaction, or maybe it just hasn't happened yet, who knows. But we just saw .16 on a simple LOI, so I'm thinking chances are much higher that we will not see new lows, and with financials proving 30+ mil revenues and and solid acquisition news, we will rally above .20 easily (and FINALLY).

As for today's losses, it's because the entire sector is taking a major beating, even more selling than the last big down day which was August 28. It's a simple sector correction because we've had mostly up days the last month and a half with the biggest being very recently (Monday). Not much green for the cannabis sector today.

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