Sugarmade Inc (SGMD)

[MallenNV]

Its Game->

just curious. would FINRA/SEC allow CEO to do a RS? Or other type of action? this is his money maker. i don't see him laying back on this. he has to have plan, right? just frustrated at this point.

-

An OTC can RS any amount like 10,000 to one meaning if you own 10,000 you then own one share.

But they can only do a forward split up to 20%. if you own 10,000 then you would have 12,000. they do this to prevent a corporate dilution using a forward split. But they can increase the authorized to what ever 100 billion or more. NO LIMIT!

Rarely does a OTC issue forward splits, no reason to because they would just be giving shareholders more shares that would mean they can sell for less and make money and the point of a pump and dump is NOT let shareholders make any money.

The ONLY ones who sell shares on a pump is the company, No one else, they will NOT allow anyone to make money. the moment the stock rises up, shareholders can make money and that is NOT part of the plan. so the stock will only drop because a pump company can sell billions of shares as the price drops and make millions when anyone else selling loses. This prevents anyone from competing with the share dump as it tanks towards $.0001


Welcome to the OTC!