Sugarmade Inc (SGMD)

[GetRich902902]

It's not going to go according to your time table. It is going to go according to their time table. It is what it is. We are not privy to all of the hurdles that they may be encountering doing these deals. There may be regulatory issues, finance issues, integration issues, accounting issues, price issues, etc. I don't think you understand the process. It's not a wham bam, thank you mam process..lol. The entire process officially starts with an offer made by one company to another. Offers may be public or private. If a considerable offer is made then both companies will usually be involved in closed-door discussions about the proposed merger. Agreements may be made after the first offer but usually, negotiations will involve several offers and continued discussions that may last for months. So just because they are in negotiation discussions does not mean an acceptable offer was made. So, the date of 9/25/18 and they were negotiating means they were in meetings discussing the terms and no acceptable agreement between both parties was reached. So they continued the discussions. Then, I think in Hydro4less's case the PR in Jan 2019 signaled to me that an acceptable offer was made and an agreement between both parties was reached. It is not a one way negotiation where Sugarmade just put's something out there and the other party accepts it. No both parties have to agree and that could take months. We are just fortunate that Jimmy put the PR out there so that we as investors can know what they are planning to do. That gives us time to buy more shares and make some money off this deal when it is final.

For all we know, they may be working on all of these deals all at once since they have acceptable offers from all of these companies. That way they can examine the synergies that may come from all of these companies. For example, if all of these companies have Information Technology people. Will they need all of them? If they all have Safety Representatives. Will they need all of them? They can save money like this. So we do not know how they are thinking. But, if they recognize revenue of over $100 million all at once then what a pop that would be for the stock. Then they may uplist soon after to the Nasdaq. That may be the plan. So, be patient and stay in the game because if that is the plan then it will be a game changer.

Also, all acquisitions and mergers are not the same. It can be six months to several years for a merger completion and it depends on the issues involved. That's why you cant compare different companies acquisition timelines because there are different issues involved with each one. Also, you are not going to get any news from most companies when they are doing acquisitions. They don't want to screw it up and have the SEC on their backs so they have a "QUIET PERIOD." It is a news blackout until it is done. I think that is what is going on now. So be patient it is almost done. IMO, I think we are going to see something soon.



https://www.investopedia.com/ask/answers/08/merger-completion-time.asp

https://www.successfulacquisitions.net/how-long-does-an-acquisition-take/