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Friday, August 28, 2020 7:47:16 PM
Per Feb10 8k..."Under terms of the agreement,the company will purchase a 40% stake in Budcars operation for cash amount of $700k,and will receive an option to acquire an additional 30%,which upon exercise will provide a controlling stake in the (Budcars) operation for the (SGMD) company.
Per July31 8k.."Sugarmade has acquired a 40% stake in Budcars and has been granted an option to purchase an additional 30%, which could provide Sugarmade a controlling interest.
So, from Feb10 "will provide controlling interest" language has (intentionally) morphed into July31 "could provide controlling interest"...We just went through two years of subtle Bizright Agreement language morphing, which eventually played out as a reported acquisition only to be rescinded a few months later that just happened to occur when Bizright (BZRTH) $30m financials were expected to hit SGMD Quarterly report....Just sayin'..
It is imperative that Jimmy pony up $525k for another (transparent) 30% and put Budcars operations into SGMD books asap!
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