Replies to post #18367 on Sugarmade Inc (SGMD)

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I just reread that email..Thx for posting!

""First of all, thank you for being a shareholder and sharing our dream. Both Sky Unlimited and BizRight are huge opportunities for Sugarmade. As of yet, our ability to recognize revenues has been very limited due to accounting and audit issues. These issues have nothing to do with the veracity of our team or our accounting, but instead relate to complex Generally Accepted Accounting Principles (GAAP) and our ability to raise the funds required to fully close the deals and begin full revenue recognition.

We assure you we are working diligently to resolve the issues, so we can realize our fully potential as a Company and maximize the share value for you, the other common holders and our staff almost all of whom also hold shares in the Company. We certainly have a plan relative to the issues you identify.

Thanks for being your concern to our attention. We plan to increase our communication over the near term so that the trust investors have placed in us can be maintained.

Thanks,

Jimmy Chan
CEO"

[remember my name]

If we can do 20 percent which is close to the definition of very limited rev.
Then 15 to 20 percent of 40 million. That's 1 to 2 million added quartly.
This will show progress in recognizing rev . The stock will
Move higher then more shares will be sold from Sgmd to raise
Capital . Then Sgmd will recognize more rev . It's bizright and sky that don't want Sgmd to sell now to raise capital.
It would be a waste of shares and could send the stock down to nothing and
Sgmd don't want to use all of there unrestricted shares yet . Sgmd sky and biz are now calculated For the next financails . They know
What in the next report .

Now pay attention Bc the selling has stop.
If we get through .055 this week sgmd has started
A upward bias


Rmn