Replies to post #46868 on Sugarmade Inc (SGMD)

[houseofabdul]

yes

[MallenNV]

BesaoT35, SGMD does not own enough of budcars-> to add those figures to their financials. SO NO there is no benefit to SGMD owning part of budcars.

It is the same as you buying one share of AMAZON stock and telling people YOUR public OTC company owns part of Amazon and that Amazon did $50,000,000,000 in sales to sell your shares.

It would be TRUE to tell people that but your company would get NO benefit financially from Amazon. Same with SGMD, they can promote budcars but not get any financial benefit or benefit to SGMD shareholders.

Hope that helps.

[1dmg1]

Excellent question and the answer is no unless it has been approved by majority owner, BudCars. Typically, and this is not a typical situation, BudCars should always be the lead entity in any press release and then mention SGMD as minority stakeholder. Right now what is even more confusing is SGMD appears to be doing the building of BudCars but at what cost? Makes no sense at all. But then again anything Jimmy does makes no sense.

[Niceguy1]

PRs are not regulated...so they can say whatever they want.
However, they could be used in a court of law as evidence of a pattern of malfeasance /deceptive trade practices should such a suit ever be filed (not likely)