Replies to post #52391 on Sugarmade Inc (SGMD)

[Mattie711]

What about Jimmy's failure to honor Sugarmade Convertible note agreements? When it came time for Sugarmade to issue stock, Sugarmade FAILED. Jimmy Chan and Joe Noel's excuse was that Sugarmade did not have shares available to issue on the agreed due date and that they were waiting for a shareholder vote to increase SGMD's share count. So Sugarmade broke their commitment, yet they were happy to take the loan money? Sugarmade, finally issued the stock due, almost 2 years late!! By that time, the stock price tanked, and brokers were not anxious to accept SGMD deposits.

IMO- Nothing but. a scam. Just like CBGL.

[Mattie711]

However, imo- Joe Noel, the brains behind the scam, will continue screwing investors. Take a look at CBGL. Crazy, that a felon, with sealed DOJ court records, seems to be pulling this off.

[BesaoT35]

Thanks MallenNV. This post of yours is great information and writing. American Greed on CNBC might want to look at this as a good example of stinky pinky corruption. They do some excellent corruption reporting. You could offer perhaps to be a consultant for the show.

Can you think of any legislation that could be passed that would better protect investors in micro cap companies?

The convertible debt holders are the smart money. This is easy money for them. Could micro cap companies get funded in a less toxic and corrupt manner?