Sugarmade Inc (SGMD)

[Moeclay]

This is bad; this is really bad. I've yet to read anything positive in that 10k. LOL.

We have the ability to issue additional shares of our shares of preferred stock without asking for stockholder approval, which could cause your investment to be diluted.

Our shares of Common Stock qualify as a penny stock. As such, we are subject to the risks associated with “penny stocks”. Regulations relating to “penny stocks” limit the ability of our shareholders to sell their shares and, as a result, our shareholders may have to hold their shares indefinitely.

On August 13, 2019, a lawsuit was filed against the Company for unpaid legal fees of $50,000.00, which originates from the Company’s former chairman and CEO. The Company was served in or around September 2019. The Company plans to amicably resolve this matter and anticipates that it will be settled and dismissed. LOl. Served last month...will sell shares to settle the case is my guess...especially with no cash on hand.

I can go on and on but what's the point...a few already knew this was a POS. Next up reverse split :(