Sugarmade Inc (SGMD)

[Niceguy1]

A PO is still technically different than reporting actual sales filled in June for $500K (or $6MM annually)...POs can be cancelled and that would be the excuse (oh, we had the PO, but was cancelled by customer later..which could still be liable if no PO existed and could be proven)....but actual sales made in arrears reported fraudulently..is much different..If this company did not actually sell $500K in June as was reported...this CEO and mgmt are liable for defrauding shareholders of a public company...simple as that. That's why you rarely see CEOs reporting actual results outside their reporting cadences...have to be verified and reported through their finance (CFO) teams. You can make future projections all you want with all disclaimers...but you can't report actual results in arrears with disclaimers in the same way.