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Inveigled

07/23/20 8:35 AM

#42242 RE: remember my name #42241

New 8k out.

1dmg1

07/23/20 9:01 AM

#42254 RE: remember my name #42241

RMN —- good to see you. What I was trying to say, and maybe wasn’t clear enough, is that dollar numbers projected or annualized or whatever the situation, has to come from the mother ship, in this case BudCars and their financials. To my knowledge, the majority owner of BudCars has not announced even as private company, what their revenues are, or disclose audited financial. So the concern for me, only myself, is how Jimmy garnered enough statistical information to report anything of consequence. SGMD as minority owner, 40%, shares in realized profit or loss, and that is / will be reported on SGMD financials under GAAP. But for SGMD to have audited financial, they must first get this portion at least, from audited financial of BudCars. It may even come in the form of a K1 that SGMD receives, we don’t know. The ancillary businesses of SGMD will be broken out per product line and rolled up into consolidated income statement. Honestly it will be very interesting to see the different distribution systems fare financially, who is making money, who isn’t. Early on when SGMD hit .40, I was fortunate enough to cash out my initial investment and use house money for shares I still own today. For the older investors who got caught up with all the hoopla and lost their shirts, I want SGMD to succeed and shareholders made whole once again. But as it stands now, and only in my opinion. I don’t see it occurring. From a pure business standpoint, I would have broken up SGMD into independent company’s as stand alone operations. I sure as hell would have BudCars completely separated and seek funding as stand alone entity as it carries no debt I’m aware of. Good luck, stay in touch