Sugarmade Inc (SGMD)

[BesaoT35]

How much actual revenue are we now looking at for SGMD over the next 12 months? Remember that ownership % of BudCars is only 40% while the PRs are talking about 10 million in yearly revenue for BudCars per location with a very high gross margin.

We now have 2 location with one more on the planning. So maybe 30 million times 40% equals $12 million. The growth rate is worth a certain multiple of revenues. A fair current market cap of SGMD might be in the tens of millions.

The problem is that these revenues are not yet achieved and an investor cannot be assured that what he is being told is from a truthful person.

Jimmy Chan who is the CEO of SGMD could be making money for himself by selling shares and promising a rosy outlook that is in reality a distortion or a clever deception. This might be stating the obvious.