Sugarmade Inc (SGMD)

[MallenNV]

Suiss. They won't buy budcars because the financials posted by budcars may not be correct. If SGMD buys controlling interest they would have to consolidate the financials.

It is then when many will find budcars did not make what they claim.

Remember, the SEC cannot charge fraud on SGMD for posting false data that would be budcars fault. But if SGMD acquired budcars they would have be responsible for the budcars questionable data.

As long as SGMD does not own controlling or financial consolidated data, they can say they are buying 30% of 1,000's of private companies and say each is doing $20,000,000 in sales and not one penny is added to SGMD data.

All the money you see each day from shares sold in SGMD does not go to the company but 3rd party investors who have no affiliation with SGMD.

If you go to the OTC, click on the ticker all you see is debt debt debt and no sales or cash on hand. Well maybe a million if that but that is far from the $80,000,000 raised selling just shares.

why sell MJ when they they can make more money selling shares?