I had to reach out to Network Newswire myself and get them to forward my email to Jimmy. Here's my email:
"Hi Sugarmade,
This is John Finster. I decided to invest in your company after reading your PR about executing on an agreement to acquire SKY Unlimited. Bringing your revenue guidance to 70 million for 2019. We haven't heard anything regarding this revenue prediction for the year, or if things are being executed in this fashion for the year. The last Q showed no numbers that indicated anything close to that being the direction that we are headed. I understand being patient as an investor, but since I have not heard anything about these acquisitions or revenue guidance updates for the year, I start to wonder if I am being played for a fool as our share price slowly declines over time. Please inform shareholders that everything is still on track and we are moving forward with plans for the year."
Here's the response from Jimmy:
"First of all, thank you for being a shareholder and sharing our dream. Both Sky Unlimited and BizRight are huge opportunities for Sugarmade. As of yet, our ability to recognize revenues has been very limited due to accounting and audit issues. These issues have nothing to do with the veracity of our team or our accounting, but instead relate to complex Generally Accepted Accounting Principles (GAAP) and our ability to raise the funds required to fully close the deals and begin full revenue recognition.
We assure you we are working diligently to resolve the issues, so we can realize our fully potential as a Company and maximize the share value for you, the other common holders and our staff almost all of whom also hold shares in the Company. We certainly have a plan relative to the issues you identify.
Thanks for being your concern to our attention. We plan to increase our communication over the near term so that the trust investors have placed in us can be maintained.
Thanks,
Jimmy Chan
CEO"
