RE:Something to think aboutDiscomuff wrote: With the current Market cap just over 400 million and our share price sitting sub 1.60. And with the amount of Outstanding shares Increasing dramatically right now with the employee share options ect is a little worrisome. Sean was predicting late 2018 to possibly turn profitable, but ofcourse this was with the optimism of having our sales license back in January/February. We all know that the vaporizers are selling at loss and that they need this license to really have a boost in revenue and they claim a 50% margin on the sales of cannabis which is great. But currently with the rate at which we’re converting patients is not meeting the target goals set in place. We hit 1000 patients around the first week of April and with any hope I’d say there at 2000 which is positive but still not enough when you start crunching all the numbers. Let’s say these 2000 people spend 1,400 a year that’s 2,800,000.00. And let’s say by years end we have 10,000 patients. That’s 1000 sign ups a month and for one thing I’m slightly skeptical as I think legalization could potentially bring in a few slow months of medical registrations. Anyways let’s go with 10,000 by years end. So now we have 10,000 X let’s go with $1,400 a year on spending so now we’re at 14,000,000.00$. Okay now let’s go back to the one deal we know Namaste has made with (Fire). They locked in at what correct me if I’m wrong but just a little over 6,000,000.00$ a year. And that’s just one deal. If we go by Namastes platform vision of carrying products from Aphria, Aurora, canopy, Medreleaf, Jamaica, Israel and the list goes on. How much is namaste really spending in a year on all these supply deals versus the amount of patients it’s really going to require to sell all of this to become profitable or better yet to match the current market valuation of 400 million. There are allot more risks involved than I ever could of thought of at first and I was terribly blind when the stock shot up dramatically to 4.40$. I’m not saying Namaste can’t pull it off, but there are many many many many roadblocks to come and everyone better be prepared to be in this for the long haul at this point. We need to become profitable, Namaste is going to need to start paying their employees a salary and namaste is going to need to start buying back the outstanding shares before anyone here starts making money like you had the chance to back in September.
Your saying 10,000 by years end, ceo of company is saying 50,000.. I’ll be disappointed with anything less then 25,000
I think that’s being generous, no?