Sugarmade Inc (SGMD)

[x100xPercent]

That's for authorized shares. Outstanding shares increasing is dilution. Also before the AUTHORIZED share increase they didn't even max out the 1.9 billion, no reason to think they will max out the 10 billion at least not any time soon and not necessarily for funding. I believe they plan to use it for many reasons and with an increase they can acquire other companies which they have lots of experience doing. You would know how they use their shares if you were following them closely for 3 years.

No evidence of dilution until O/S is updated. There probably has been some but not necessarily most of the selling going on. Penny stocks simply move this way very volatile. There's players out there trying to trick people. Nobody ever knows who is buying or selling, can only speculate until told otherwise. The last o/s update was 5/31 and it was at 1.3 billion.

Keep in mind they are likely really making a lot of money as they say. Cannabis demand has been sky high since coronavirus, they started this business before it hit. They got lucky getting into this new business model not knowing demand would go up so much. You can see the excitement in their pr's. All this needs to really go up and hold gains is for the next 10k to prove their revenues and profits, and for the O/S to stay under 2 billion the rest of the year. They may not need to dilute at all in the near future and we can see .02 or higher.