Did Jimmy provide a straight answer to yesterday's 8k question regarding when BizRight revenue recognition would begin under the terms of the BizRight MMA 20 year Lease Agreement?
Question: When does the Company expect to begin recognizing BizRight revenue?
Answer: The Company does recognize some revenues under the Master Marketing Agreement of December 13, 2017, as amended and supplemented. Further, the Company does also receive limited amount of revenues from BZRTH, a sister company of BizRight and a related party and affiliated entity with BizRight, that markets hydroponic products. BZRTH is having its financial statements audited as part of the contemplated transaction.
Well, upon review, i guess he did..SGMD already is receiving some.i already know that Jimmy..What you avoided is telling us how we will receive substantially more..Cat got your tongue? Yes, we need audit for an acquisition, do we need audit for a Lease Agreement?..If SGMD tracking BizRight sales, we pay earnout shares as we go...and SGMD collects BizRight revenues as they go..??.. How many more BizRight recognition hurdles must be overcome to obtain full revenue recognition? I expect the initial 2018 guidance number moved to 2019 will eventually be further extended..
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