Sugarmade Inc (SGMD)

[GetRich902902]

Yes, we learn from this that it takes time to complete these deals. The Bizright LLC deal was announced to the public on November 16, 2017. Sugarmade actually entered the agreement on December 13, 2017. The Schedule 13D was signed on May 10 2019. That is a full 1 1/2 year for them to be working on this deal. I imagine it took this long because of the small staff, financing issues, accounting issues, etc. Once Sugarmade becomes larger it should be a lot speedier because they will have more people to handle it and more money to pay for it. Also, most large corporations work on the deal in the background first before they make it public. That way if the deal goes south no one would be the wiser. But, Jimmy has to do a balancing act in the early stages. He has to make it public to keep the stock price up, so as not to be heading towards delisting and also to attract more investors so that he can finance the deal. We have to give Jimmy a lot of credit, I am sure he was working around the clock on this and the other deals.