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Alias Born | 12/22/2010 |
Thursday, August 27, 2020 9:25:01 PM
I believe if there are eventual Budcars profits, or a Bud divy to SGMD, it will show up in "Revenue", but no profit in last 6 months.. Understandable given short JV history.
Concern is we don't know Budcars agreement specifics.. Having been through the Bizright acquisition fiasco, and watching the Agreement language morph in filings/PRS over two years, i don't want to be blindsided again down the road..We have no idea of Budcars expenses, specifically the dreaded consulting fees that tend to show up in pennyland.
That's why i advocate ponying up $525k to exercise the additional 30% Bud ownership..Jimmy confirmed in July31 8k complete Budcars operations get reported if SGMD gains controlling interest..(SGMD has 36 months to exercise option). Millions in Budcars revenues (and expenses) getting reported would be much more appealling than another mil in Investments column..gl
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