Post by
AJL55555 on May 20, 2018 6:35pm
Not speculation...
How are these marijuana stocks purely speculation? What is purely speculation is bitcoin and other cryptocurrencies...those actually hold no value and have been assigned an arbitrary value on speculation alone. Sure, technology of some of the cryptocurrencies are great. How do we measure their sales though? Hip will not have a problem selling their product. I use three dollars as a reasonable SP with future (and yes I stress future sales as none of these companies are at their expected levels as yet) sales to formulate a company market value and divided it by the # of outstanding shares. I did not assign an insane multiple to it as other companies currently have. Furthermore, at a price of 1.32 there is heavy insitutional money coming in, $93 million to be exact. This is a bargain. I do not in any way, claim canopy is a bargain or med releaf...ACB is overpaying for medreleaf at the expense of their shareholder. However, long term, good move for ACB. Nobdoy can tell me this is a legitimate penny stock. 2019, they will do $200,000,000.00 in sales, conservatively. The market will likely establish an SP of 2.8 to 3.1 in July or September of 2018. It will fluctuate and show volatility, but upon sales and expansion it will only increase. Alternatively, the company will be bought out at a premium.
Comment by
flyboy27 on May 20, 2018 7:59pm
Exercise price would be $17.50 share price at Fridays conversion would be $8.80 would seem like a bit of a long hall to get to the exerscise level. mayby somthing really big up there sleeves??
Comment by
Weedzilla on May 20, 2018 8:17pm
I hope so. It's our $$$ at stake. Reverse split... I'm not big on it.