Sugarmade Inc (SGMD)

[1dmg1]

The notes are due but any delay in getting formal sign off is to Jimmy’s favor, as date will get pushed back. It’s convenient to be absent of certain required information for State of California and I (we) can guess who is doing most of the filing under proxy name. Lol. Under default section, Lemon Glow and Jimmy covered bases. Wouldn’t be the least surprised they file for reorganization, relieve themselves of ‘x’ debt, and re-emerge a much cleaner organization. At this juncture, it makes sense. Lemon Glow, Nug and BudCars become exempt entities, and underlying SGMD maze of crap essentially dies off. Shareholders will get screwed as last on creditors list. In the end, SGMD survives but at expense of shareholders. The other alternative which I think is more probable than anything else, SGMD is dissolved, and the above referenced become private entity. I’ve seen this happen prior many times, mostly with Chinese’ company’s doing business stateside, listed on an exchange, then vanish in thin air. Under current structure it would take years to see even a penny, and cash burn exceeds expenses. That has been identified numerous times. SGMD is not a going concern, of course only in my opinion, and revenue projections were pie in the sky, but legal. Projections are just that —— projections. Lol.