Replies to post #27814 on Sugarmade Inc (SGMD)

[WallStreetMyWay]

Do what askes fro a restriction removals. I really hope that hurt or considers to hurt yhr investors an rs. As makes a not since everything revenues etc sufficing events. Uplisting the eentrity for the happiness.

[cottonmather]

If I didn't know, I'd keep my mouth shut. I am educated with 31 years experience and my livelihood is in a quite similar venue...…

In OTC Land it is all designed to allow conmen around your money. There are very few real laws governing its day to day operation. Instead, there are regulations. I can commit stock fraud and the FBI catch me (because of the dollar amount) but my attorney can have the case put in NASD or FINRA to be heard and the worst penalty would be restitution and personal restriction - no prison time. That is just an example.

So, the transfer agent thing...… In OTC Land regulations are "enjoyed". The TA is hired by the entity, an employee, more or less. Reports are gathered in intervals that permit questionable behavior (by most of us). 6 months is a popular time interval. And because whoever wrote the regulation failed math in school that 6 can become 8 plus 29 days. Keep this in mind.

The TA does a monthly report of outstanding and authorized quantities. Let's say Jan 1 there are 2 shares OS. And on Jan 31 there are 2 shares. And on Feb 1 there are 3 shares - 50% increase. And I call every month to see what the numbers are. With this kind of setup it is a luck of the draw deal. Keep this in mind.

The K and Q reports are similar but now include all of the stuff above. 3 months can become almost 9 months and 1 year can become 2 years. By design, what we consider important is delayed even more than we realize.

The TA will give you a figure from the last official count - not the current count. And if the TA directs you to the company secretary instead of giving you an answer it means you are screwed all the way to hell - they are gagged and the company does not want you knowing anything.

This is just the way it is.

Here is something else to consider. Let's say the AS is 5 and the OS is 3. A pipe can be arranged where the effects of that same configuration would be 5 and 6 after a reverse and we would not know up to 2 years later.

The TA thing is a game. Two calls a month is the best way to do it and read every speck in a K and Q.

The End.