RE:RE:RE:RE:RE:RE:I just wanna knowLol ya. I'm still having a hard time with the math unfortunately. The market cap is massive for a company with under 100k Sq feet. And I can't find any news of expansion Over 500k sq feet which is the only justification of such a large market cap. Cause it's not based off revenue. Or even recreational potential. 100k Sq feet basically earns 12 million per quarter if you sell out everything. So just under 50 million per year. I'm not saying that a 400 million market cap isn't worth 50 million per year. Buy anywhere above 3$ I just don't see it unfortunately. Wish I had bought when you mentioned at 1.80. That was a spot I could have justified as the market cap was under 300million then. But over 400 million. I'll end up holding the bag for 1-2 months to see even any short term gains. Assuming the price holds. Guess I'll just have to hold out in cmed till I find a better entry. And it seems that the forum consensus is THC was by far the MJ sector bust of a stock. It could drop to 50 cents and I would still wouldn't touch it with a 10 foot pole.
Olympia wrote:
Well if it dips and you can get in on the price you want congrats. Too bad though Bob you did not listen to me when I PMed you and told you to jump in at the 1.80s because a break out could come at anytime because of how under valued this is and what it has to offer. But still even 3$ or 2.80s is cheap enough of a dip. Any time they actually annonce with a NR their expansion plans or anything real good news. IMO 3$ staying and bottom will be 3$ onward. Cheers. Also Chem, I love my longs. Looking at where people wanted to sell MJN at the 3$ range. Flew to 3.40$. Example. I am a big long on MJN though. Have since the 80 cent range upward. If listened to my friend and had the money. Would of been in the 50s :). Wasnt for him may still be in THC. Who knows :). Let next week be a week with the name change or not and move forward from there!