Well, I hate to give this to Jimmy, as he hasn't given us anything but talk, smoke & mirrors, preying on peoples hopes, and dreams.
But after several years, he hasn't pulled the cord yet.Then again, he hasn't had the opportunity in the past to take advantage of the Global Billion dollar pot market hype, put out by the press. As SGMD, was, and is still listed on most company descriptions, as a restaurant paper products supplier, w/ no mention of cannabis interests.
I hope he realizes, he can actually make allot more money being legit, than just running share selling scams.
If he completes the Budcar purchase. Lowers the ridiculous markup, stops their Bait & Switch, improves Customer Service to grow the customer base. He can then leverage that into the cannibus cultivation business (presently more smoke & mirror hype), and profit more, as he expands Budcars, and maybe makes even more agreements with other delivery services.
But realistically, I can't see what SGMD has/had to offer to Budcars, w/ $7500 cash, $12 million debt, to make them give up 40% of their growing company. Unless it was just a scam all around, both hoping to benefit from the share price hype. As is evident, by Budcars, aggressively doing what it can, to front load as many $ales now, for the hype, not caring about product quality, using bait & switch, delivering, smaller, inferior products, and providing lousy customer service..
I hope it somehow turns out better than it seems..
=A=