Sugarmade Inc (SGMD)

[pigsheaven]

Who puts $400,000.00 as an earnest money deposit and fails to close the deal? I don’t think Jimmie Chan is stupid enough to back out of the deal and leave that kind of money on the table. Only way he would back away from the deal is if their was a due diligence period where he had “X” many days to back out. That only happens on home mortgages as far as I know. But I haven’t seen the contract, so who knows? I expect the deal will happen and it will close on or before April 25th if it is 30 calendar days from the signing of the LOI.