Sugarmade Inc (SGMD)

[1hunglo]

Repost from remember my name ( 11/13/18 post#15828 ) To 3cents and all investors: What's going on long term investors . Lets put this whole thing into prospective for those that don't get it ! Let's talk about the financials. Let me know if anyone believes this could be a Ponzi scheme . If your answer is yes or no I will clear the air for all . Sgmd acquired Bizright back in Mar 2018 for $30 million and they paid a little more then one time sales . Pretty impressive until this new deal is written at less then 1 x sales.
Like I said in the past a small deli sells for 2 x sales. How are they getting these deals done for so cheap when Scott miracle grow bought out skylight for 450 $ million plus 25 million in stock . They only produce 35$ million
In sales. This deal was written at 13 times sales That's what Sgmd is producing per year 35 million plus the acquisition of 40 $ million. 70 - 75$ million 2019. Plus rapid growth of 30 -35 percent is the industries growth rate . If Sgmd was to be acquired the deal for go for about 1 billion dollars 13 time sales . Right now Sgmd is trading about 2.8 times sales. They would be worth 50 cents in a acquisition from Scott's.
Well everyone keeps talking about the financials and how jimmy is dropping the ball. Really !Can anyone do better.!! Jimmy turned this money losing company into a profit machine. Scott's miracle grow just gave the hydroponic Sector a value of 13 x sales. We are 5 x under value . Anyway let's get back to the financials. Jimmy
Is no stranger to the financials being late and was smart enough to use the hurricane for a excuse to being late.
I'm sure the account department was not in the hurricane zone but if they were not close to finishing the financails why even bother for the extension. Did anyone ever think they are so busy with the new acquisition
That something would give and it's always the financials that are late in a small company . But here the proof that the financials are very close to being done ,one the extension was filed Bc they do believe they are close to having the financials done and 2nd when a company is buying out a company and mergering together using stock shares and cash the first thing both companies wants to see are each other's financials . This alone will delay the accounting Dept . In the past Sgmd lost money so they would of had to produce Some kind of financial with the new business model from bizright . If the financials are not in order then no way would a new deal even be possible . Jimmy has never really lied to you. Growing pains will delay a out come . Investors just need to pay attention Bc the clues are right there for you . The charts are sideways and building a nice base . One piece of good news and you will have to pay 20 cents to get in .

Remember my name
So take your time and buy it higher!