AKC you hit it on the head though most don’t understand it. SGMD could in fact conclude acquisitions today and begin integration of said entities. They could even report revenue. Where the problem lies is when the acquired entities do become fully audited, SGMD is then required to restate financials in new filings which probably occur at least two times. The large percentage of time those revenue dollars are overstated and then shareholders see a reduction in overall revenue with restated financials. SGMD then appears to be ‘suspect’ corporation and all hell breaks loose with darts thrown everywhere. So patience will reward those remaining long as we look to the summer / fall 2019. If you are here to play a few penny’s or short, you have a problem. IMO only
AKC you hit it on the head though most don’t understand it. SGMD could in fact conclude acquisitions today and begin integration of said entities. They could even report revenue. Where the problem lies is when the acquired entities do become fully audited, SGMD is then required to restate financials in new filings which probably occur at least two times. The large percentage of time those revenue dollars are overstated and then shareholders see a reduction in overall revenue with restated financials. SGMD then appears to be ‘suspect’ corporation and all hell breaks loose with darts thrown everywhere. So patience will reward those remaining long as we look to the summer / fall 2019. If you are here to play a few penny’s or short, you have a problem. IMO only
Most important jimmy is now on the board of Hempistry . This would be totally possible if Sgmd was not in a acquisitions With bizright and sky . The revenue is coming and may 15 i am looking For about 20 t0 25 percent revenue from biz 2.5 million a total of About 3.5 to 4 million this quarter. You are correct jimmy can only say so much without the sec getting involved . All news has to go thru a public news wire . Lately I think Sgmd has been communicating pretty well thru CNW But nobody can hear it . Confidence is somewhat lost . May 15 changes that perception .
We have so many clues Chairman of Hempistry Biz right rec 200 mill shares Started rec some rev Audit is on its way Biz and sky did not walk away Plantation is going public Budlife is still mentioned 1 $ million option to invest into Hempistry More deals on the table Sgmd up the number to 90 million back in feb We are losing more money then ever. Lol I think this is our biggest clue. I would be worried If we were not Issuing out shares and not losing money. Bc then Not is happening . This process is totally needed For these deals to get done .
Two more things I believe rev will be under stated in 2019 . 90 million is obtainable . And irongut Really !! Way to early ! Anyway welcome back !
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