Replies to post #36285 on Sugarmade Inc (SGMD)

[Chi-town Bull]

Great post man.

[Amac1001]

Revenue needs to turn into net income and from that net income you can pay debt.

[CanItBThisEZ2Make]

Time to Correct my Numbers from yesterday.

I approximated 35% profits from revenue, but according to this:

https://www.networknewswire.com/sugarmade-inc-sgmd-announces-expansion-of-cannabis-home-delivery-service-to-southern-california/

The profits are 19% so So approximately how much revenue would SGMD need to pay off the $10M debt? $10M /.19 means SGMD would need $52.6M in Revenue to pay off this debt.

However if SGMD pays off only 1/3 of the Debt this would cause the price per share to fly, because the first 1/3 indicates that they can do it.

Therefor in CONCLUSION SGMD ONLY NEEDS 1/3 OF $52.6M IN REVENUE TO FLY:

ONLY $17.5M IN REVENUE NEEDED FOR SGMD TO FLY $$$$$

With that being mentioned and this 8-K it should happen rather quickly!

https://www.otcmarkets.com/filing/html?id=14117056&guid=x5xHUqq8LMcfv3h



Then bring on BUDCARS for at least $7.5M and it's SHOW TIME !!!!!

BTW. Even though the latest quarter report wasn't that impressive, investors should keep in mind that it was for the period ending March 31, 2020. There has already been almost 2 months of revenue since then!

I wonder what cities will be after Los Angeles ???


GO SGMD$

$SGMD
$SGMD
$SGMD