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akc232

02/12/19 12:20 PM

#17477 RE: frontloading #17473

Front, upon closing could also indicate upon closing of the day as well, or possibly just legal jargon, but I see where you are going with it.

Here is their post from Facebook verbatim on Feb 6. Notice how they used the word today(also they made a typo lol..) but the word used is today as well as they said no addition share were used:

"We are very happy to report today we exercised on our option to acquire BCRTH, LLC. This will enable us to begin full revenue recognition under the previously signed master marketing agreement with BizRight. And....we exercised the option with no additional share issuances. We expect this to be highly accretive to common shareholders. Sugarmade’s acquisition strategy is on target. Our goals continues to be one of the largest players in the hydroponic supply business." https://finance.yahoo.com/news/sugarmade-exercise-option-acquire-bzrth-130000554.html
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akc232

02/12/19 12:27 PM

#17478 RE: frontloading #17473

Also you know as well as anyone here because I know youve been around for it. They reported that finacials from BizRight were not able to be recognized due to standards in accounting and were rectifying it so they could include them.(my guess is the shares werent issues yet)

Also.. the share increase was not voted on till Oct. How would BizRight get thier shares so SGMD could recognize the revs if they didnt have them yet?

While I agree with you that this Q is prob not going to be what we want but in the near future we are headed in the right direction.

What more clues do we need? Increase in restricted shares (indicates BizRight recieving). 8ks regard further acquisitions and a PR stating that BizRight can now be recognized? I think these are all great clues of what is to come. Just have to have patience.

Im holding on to ALL my SGMD shares long and strong. $SGMD