RE:Guys this is a pump n dump do some ddNEWBIEVESTOR wrote: look at my previous posts where I ran the numbers this stock isn't worth a 20mil market cap. I'd say it's worth 0.08-0.10 right now. If you want a good mj stock check out HVST trading in the 0.50s
-it's got a market cap in the 40mils with 20mil of it in CASH from a 0.75 oversubscribed PP
-already has license to grow and producing 1000kg/yr and selling it for $5/g whole sale @ $1.30/g to produce
-expansion to 8500kg/yr going to be completed in 1st quarter of next year with more expansions in plans up to 2020
with that expansion completed they will get 8,500,000 grams x 3.70 profit =31.45mil pre tax profit next year
plus they have a 2nd project on the go for 12,000kg/yr with a partner
all that for $40mils market cap today. And you guys think mmj is worth 20mils market cap lol
I'm reposting this as a reply to Zhantao's post. He asked for a better stock play. I believe MMJ was 0.12 when I made this post. HVST is now at 0.70 after running all the way up to 0.96 and still has a lot more to gain a lot faster than Mmj will. HVST at $65mil MCap is still a better buy than MMJ today at $17mil MCap.
Happy trading :)