Sugarmade Inc (SGMD)

[BCNstocks]

I agree. I think we had some panic seller that got scared off with r/s, but obviously did not pay attention to Management's explanation:

Mr. Chan continued, “We understand that reverse stock splits are usually viewed negatively because they generally happen in response to serious problems with a publicly traded company. But they can also be part of a strategic plan that is tethered to strong future growth and expanding shareholder value. In this case, we are dealing with the latter case. The move will enable Sugarmade to generate immense amount of new shareholder value through both expanded operations and better terms in accessing new investment markets.”