I tend to agree with you. The difficulty is SGMD is acquiring Company’s that need to have ‘audited’ financials before any deal is complete and in compliance with SEC regulations. IMO Jimmy resultant of his lack of business acumen didn’t understand the logistics and costs of acquisitions. Contrary to a few posters here, this is not unusual but time is of essence. It’s not audit fees that quickly accumulate it is also legal fees. LOI’s are just that —- intent. I’m remaining long but with less than a month to go, time is running out. Will it carry over to subsequent quarter? It might very well occur and we drop to two or three cents. If you believe all party’s are vested to complete this it becomes a buying opportunity. Each entity involved including SGMD have expended a lot of cash to date and to not complete the cycle is death penalty for all. Then Jimmy sells off SGMD.
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