Replies to post #19440 on Sugarmade Inc (SGMD)

[1dmg1]

Exactly as stated prior. I do agree with you it should have had a more prominent placement but the wording is present. This is where the majority of everyone’s frustrations exist but under GAAP reporting tied to SEC SGMD covers their butts. Many bought shares on speculation expected quick profits and when it didn’t happen, claims of fraud and other misdeeds. Unless one has been intimately involved in building a company pretty much from ground up, this goes over looked. SGMD can forecast blue skies all day long based on information at hand, but delays in completing proposed acquisitions for business reasons such as audited financials, additional funding, etc., successfully negates forecast.

[frontloading]

Yes, but Jimmy is now using that wording specifically for an outright acquisition (option)..He never disclosed that language with the initial MMA 20 yr lease. .and especially, was Jimmy intentionally misleading shareholders with the 03/20/18 news that BizRight revenue now being reported and April would be the first full month recorded?

[TradeForProfits]

while it has taken longer, good to see that real progress is being made on these acquisitions and revenue from them will be recognized. Unfortunate it has taken so long and that it sounded like we'd see those revs in the fins earlier.