RMN ——- the earnings report coming up IMO will just show a lot of verbiage of proposed activity, re-explanation of what could be, should be, might be, them tempered with the business has been effected by COVID-19. CPA firm will put out disclaimer the numbers are not audited, and as we always see in penny land, unless the company is able to obtain significant cash infusion the company will die a slow death. But SGMD isn’t alone. Thousands of company’s are in the same boat so Jimmy has good company. Lol. But it is a fact. Jimmy isn’t the only one out there running around in circles. Respectively, I disagree about BudCars and its survival with SGMD. There are a significant number of business people in and around this boutique industry that have been watching from a distance, seeing what might / might not work, how it can be scaled in incremental growth and show a ROI of 15-18%. Less than this, not worth it, more is icing on the cake. Jimmy is a one man band, has no accountability to anyone other than himself period. As a listed company he does have a fiduciary responsibility to shareholders but that is overshadowed by the fact he begins on paper with new projects that enhances share value. Right or wrong, it’s BS but avoids pitfall of legal ramifications. Jimmy has refused to create an intellectual business group of people under the SGMD flag that actually have proven business expertise and success. The reason is simple—— no money, and one with successful track record wouldn’t jeopardize their reputation joining SGMD. Set everything aside, the details within the SGMD / And parent of BudCars remains elusive. We don’t know details, and we don’t know the exit strategy. Ownership of BudCars and Jimmy I’m sure behind the curtain have a relationship in the past. To get controlling interest in BudCars, all Jimmy had to do was negotiate a 50.00001% agreement, fill it with perks, be done with it. The smartest move was to buy the 70% interest upfront. At roughly a million dollars, not a lot of money. If SGMD had tangible assets, Jimmy could have pledged them against loan, but none exist. At a minimum, an accredited investor would have put up the money if he / she performed enough DD to see return on dollar. Because of no audited financials not a chance. Where you are correct, is SGMD can simply exist on paper for the time being. My guess is that on this this thread, 75% of posters have no financial interest in SGMD, typical of this type of site. Some lost their ass, and are talking of mutiny on the bounty. When you acquire a speculative stock like SGMD, you do it with full knowledge that 98% fail..... numbers don’t lie. I was fortunate enough that when we ran to .40, I cashed out and using house money now. Greed is always a motivation, but greed is always on a downward slope. Wish everyone well, but get real.
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