GREY:CVHIF - Post by User
Comment by
brentski99on Mar 16, 2019 4:25pm
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RE:VFF is a great example of Mixed Business
RE:VFF is a great example of Mixed BusinessExcellent example. 6 times sales is a moderately low and reasonable estimate that shoud be easy to sell to future investors. It would depend on who is selling it.
With existing revenues at 2 times sales that would approximately triple todays stock price to about $2.70'
Double our sales as CEO has stated he intends to do in the short term with existing cash on hand through acquistion and build-out and that puts us at around $5.40.
Highers sales and/or a higher Sales to Price Ratio will move us even higher in price without dilution. No wonder Jacob had a hard time holding his smiles back when describing his good fortune of stumbling upon this clean, cash and asset rich company which had no debt.
A nice clean shell with tax losses going forward would have been good enough to vend Herbal Grasslands into for shares and control. That is the way it has been done for years and is probably the best he was gonna find. But to find this opportunity the way it is structured is unbelievable good fortune for anybody in his position.
He didn't come cheap but I think what we brought on board here is a quality guy with unbelievable connections, expertise and experience in the field. The communication with existing shareholders is fantastic for a change especially when they present their vision of the clear path forward for the company without the bs and hype that usually comes with it.