Replies to post #20294 on Sugarmade Inc (SGMD)

[Moeclay]

"...We are making efforts toward the purchase,..."

That comment right there clearly contradicts, (paraphrasing) "We are now recognizing Bizright revs". Not to mention all quarterlies pretty much contradicted "we are now recognizing Bizright revs".

[frontloading]

"If people spend the time to read the disclosures in the past they will find that $800k and 200,000 shares were issue which equites more than the over all 20% of the deal cost"

Thx Bai, Jimmy makes it sound pretty simple..So, anyone want to take a stab at what the 200m shares issued were valued at? ..How much more cash and shares must be issued to complete deal? Jimmy makes it sound as though any dumbass should know, so please, somebody provide dumbass me with that number..

[suissac]

Bailosellhai, you let Jimmy know I’m going to show the SEC where he stated SGMD was recognizing full BizRight revenues in Black and White.

[frontloading]

"No one would be crazy enough to fake these revenues"..and that's what we are counting on..In Nov2017 Jimmy pumped BizRight $30m revenues in the year 2017! Not 2018..Can't tell me Jimmy didnt have a handle on that 2017 $30m revenue number on Nov2017..Can't imagine Chenlong &Allan couldn't provide a monthly (unaudited) BizRight 2017 running sales total for Jimmy's PRs..and those $30m Bizight revenue guidance PRs continued throughout 2018..and 2019..and never once revised downward...So yeah, i agree no one would be crazy enough to fake those 2017 $30m BizRight revenue numbers..if so, hell to pay..not fair to jump the gun until those audit numbers released..And i refuse to believe Jimmy crazy enough to fluff those numbers in Nov2017 PR....time will tell..tic,toc.

Three outcomes..

1) BizRight audit confirms 2017 $30m revenues
2) BizRight audit confirms less than $30m
3) BizRight acquisition squashed and we never know..

[frontloading]

(Jimmy/SGMD) indicated that $800k cash & 200m ($17.4m value?) issued shares is 20+% BizRight/BZRTH acquisition payment..And beneficial owner filing by Tan/Huang stated that share event took place Dec3,2018 where SGMD low price was .087..

Question for Jimmy..$800k and 200m shares is 20% of what total acquisition number?..Don't understand why it is like pulling teeth to get an answer..I've inquired,unsuccessfully.

The initial Dec2017 MMA 20 YR lease valued at $18m per 8k..The Dec2018 200m ($17.4m) issued share value + $800k = $18.2m ..??..Surely SGMD is not in default and obligated to remedy lease agreement,then proceed toward Biz acquisition..

Anyway, Jimmy needs to provide BizRight/BZRTH total acquisition cost..And if he is reluctant and awaiting audits, then start with an easy 1x sales revenue Jimmy, similar to Sky & Hydro4Less..We don't need any additional BizRight surprises, unless acquired at less than 1x..:)