Page 3 of https://www.otcmarkets.com/filing/conv_pdf?id=13746895&guid=Qe1vUn4B4DJH0yh Quote: On November 13, 2019, the Board of Directors of Sugarmade, Inc. (the “Company” or “Registrant”) unanimously authorized and approved a reverse split of the issued and outstanding shares of the Company’s common stock, par value $.001 (the “Shares” or “Common Stock”), including Shares of Common Stock reserved for issuance, in a ratio to be determined by the Registrant’s Board of Directors, not to exceed one for three hundred (1:300) basis (the “Reverse Split”)
Historically, the price of many penny stocks have gone down after a "reverse split".
Page 3 of https://www.otcmarkets.com/filing/conv_pdf?id=13746895&guid=Qe1vUn4B4DJH0yh Quote: On November 13, 2019, the Board of Directors of Sugarmade, Inc. (the “Company” or “Registrant”) unanimously authorized and approved a reverse split of the issued and outstanding shares of the Company’s common stock, par value $.001 (the “Shares” or “Common Stock”), including Shares of Common Stock reserved for issuance, in a ratio to be determined by the Registrant’s Board of Directors, not to exceed one for three hundred (1:300) basis (the “Reverse Split”)
Historically, the price of many penny stocks have gone down after a "reverse split".
Page 3 of https://www.otcmarkets.com/filing/conv_pdf?id=13746895&guid=Qe1vUn4B4DJH0yh Quote: On November 13, 2019, the Board of Directors of Sugarmade, Inc. (the “Company” or “Registrant”) unanimously authorized and approved a reverse split of the issued and outstanding shares of the Company’s common stock, par value $.001 (the “Shares” or “Common Stock”), including Shares of Common Stock reserved for issuance, in a ratio to be determined by the Registrant’s Board of Directors, not to exceed one for three hundred (1:300) basis (the “Reverse Split”)
Historically, the price of many penny stocks have gone down after a "reverse split".
Page 3 of https://www.otcmarkets.com/filing/conv_pdf?id=13746895&guid=Qe1vUn4B4DJH0yh Quote: On November 13, 2019, the Board of Directors of Sugarmade, Inc. (the “Company” or “Registrant”) unanimously authorized and approved a reverse split of the issued and outstanding shares of the Company’s common stock, par value $.001 (the “Shares” or “Common Stock”), including Shares of Common Stock reserved for issuance, in a ratio to be determined by the Registrant’s Board of Directors, not to exceed one for three hundred (1:300) basis (the “Reverse Split”)
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