Sugarmade Inc (SGMD)

[GetRich902902]

Remember Sugarmade said on the FORM S-1 dated 6-26-19 that "the Common Stock Outstanding Before the Offering is 692,076,568 Shares. Common Stock Outstanding After the Offering would be 830,538,106 Shares, assuming the sale of all of the shares being registered in this Registration Statement. So a total of 138,461,538 shares may be issued. So, it could be but it is hard to say because the outstanding shares are not static and are not updated everyday. Also, we don't know if all of the 138,461,538 shares will be issued at one time or in portions. The language of on Form S-1 suggests that it may not be all at one time and may be in portions as needed.

Also, the 8-K on 5-21-19 says "that K&J is committed to purchase up to $20,000,000, upon the effectiveness of a registration statement on Form S-1, of the Company’s common stock. The Company plans to utilize a portion of the funds received via this arrangement, in addition to funds from planned upcoming pending financing, to complete the acquisition of BZRTH"." So, it sounds like to me it all depends on the "pending financing" as to how much of the K&J Funding shares that they use or need. They have already filed the registration Form S-1, and so have nothing holding them back from starting, so I would think that this activity has something to do with K&J Funding.