Sugarmade Inc (SGMD)

[Moeclay]

IMO, the main problem is John Vu.

He clearly presents a conflict of interest for shareholders.

John Vu and Jimmy are business partners as Founder and Co Founder of Hempistry. John Vu is also the toxic financier behind all this "funding".

How can you loan your business partner money...more importantly, why would you even consider funding your business partner if you are truly partners; doesn't make sense (cents). You could possibly ruin your Hempistry partnership over money.

The SEC will see or probably already sees these ties and are more than likely not to sign off on the S1. Hence post...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149745095

"Being in OTC is not easy to get funding and SEC has not been kind to broker dealers who’s accepting deals listed on OTC."

John and Jimmy are in this for their on personal gain, especially John Vu. They really have no regard for shareholders.

Also, if venture capital money was ever thrown here, which I strongly doubt would ever happen because nothing unique is happening with this company that isn't already happening elsewhere with a more established company, the venture capital firm would have the power to get rid of Jimmy or anyone else for that matter, just like the Canopy situation.

IMO, it's too late for Jimmy and Co. to gain any market share. The game is already over populated and being 2 years behind the competition is not good. Imagine them having this done in 2017...they'd more than likely be an industry leader.

They ripped off a lot of people who bought at those .30's and .40's, based on all those phony PR's; people don't forget. It will be hard to gain any investor confidence. #untrustworthy