Sugarmade Inc (SGMD)

[Mattie711]

What about Jimmy's failure to honor Sugarmade Convertible note agreements? When it came time for Sugarmade to issue stock, Sugarmade FAILED. Jimmy Chan and Joe Noel's excuse was that Sugarmade did not have shares available to issue on the agreed due date and that they were waiting for a shareholder vote to increase SGMD's share count. So Sugarmade broke their commitment, yet they were happy to take the loan money? Sugarmade, finally issued the stock due, almost 2 years late!! By that time, the stock price tanked, and brokers were not anxious to accept SGMD deposits.

IMO- Nothing but. a scam. Just like CBGL.