Sugarmade Inc (SGMD)

[MallenNV]

Suissac, you are 100% correct about the PPE SGMD news release on the $10 million PPE order. It states it's just an order not a "Cleared check" order. You notice the disclaimer and also the mention to review the 8k? Both say it likely wont happen.

An order is legal and can be promoted and so is a cancelled order. If you also notice they negate the SEC COVID fraud clause by saying the order is for NON-medical items.

It's all there in print. They say they got an order but never filled it. That is the same as you owning a pet store and someone sends you a PO for $10 million for fish food but you don't buy the goods until you get the money. You tell people you got a $10 million order but soon after they cancel the order because the check does not clear the bank.

Obviously shares are dumped on the order news and soon more are dumped on the new news that overshadows the PE news

This is typical for OTC tickers to be able to say HUGE sales with out actually getting any sales.