Sugarmade Inc (SGMD)

[MallenNV]

You are mistaken. Here is why.

OTC Investors are like bank managers.

If the OTC schemes CEO robs a bank they are breaking the law. If they walk into a bank and the manager (investors) says HAY HERE IS $1,000,000 for FREE and the CEO takes it, they did not break the law.

The problem is the OTC CEO's who are running the scheme are not taking investors money illegally, they are being handed the money willingly by the investors.

That is the difference. Taking it or being given it. Illegal and legal.

A pump and dump is by definition NOT illegal. It is associated with something bad as an example but by no means is it illegal. Selling your car by pumping it on ebay and dumping it to the winning bidder is also not illegal but still is a pump and dump.

The stigma of the words pump and dump are associated with schemes that do in fact pump and dump the stock and most OTC schemes do it legally or no OTC tickers would exist and the OTC shut down having no more tickers listed, or at least the majority. The SEC uses the words as an example but is no way by definition are the words a legal term for illegal activity but simply slang.

You can say you stole a car and be questioned by the police but when you say you stole the car by paying $100 when its worth $10,000 is slang for getting it so cheap it was a steal.

Would people still buy OTC pump and dumps if they changed the words to "Marketing and issuing" or "Promote for sale and distribute" same as pump and dump.

The problem is with these stocks, investors would still buy into them if they were called "Hyped BS and an abundance of worthless shares issued” But that is pretty much what most disclaimers say anyways so it is no different.

All the issues with OTC stocks and angry investors have only one to blame. Them selves for giving money away and get nothing in return.