RE:RE:does anyone see this stock hitting $8.00 in the future?The sp can potentially sky-rocket if:
-They release news that is related to how MYCO and other mushroom stocks are in a billion dollar industry and can start showning decent revenue within 1 to 3 years...
-Legalization in US (depends in the states or federally) or Canada, positive trial results that actually show results will have politicians considering it.
-Aquiring/mergering with a company that either has a lot of cash on hand, high marketcap, advacement in R&D that MYCO can use to actually generate revenue or potentially lead to a new development.
-If there are analysts covering the stock price or any company that is very similar to MYCO and puts out information that the industry will boom or has a bullish outlook.
Also, contacting MYCO’s IR will almost provide you with the same answer thats in their financial statememts on the future outlook of the company or looking forward section. If the company receives approval from their board and management, and if it makes sense to them long term, they will do a reverse stock split/consolidation of shares. My personal opinion is that I don’t see MYCO doing that yet. They will try to get more exposure and prove that their R&D will have a breakthrough and eventually the SP will start to go north. To me this company has a lot of potential and with the SP @ 50cents, it’s not a deal but a steal.