OTCQX:PHVAF - Post by User
Comment by
VENManon Jan 16, 2018 10:23pm
146 Views
Post# 27373680
RE:RE:RE:7,187,500 more shares to be free trading by Feb. 11th
RE:RE:RE:7,187,500 more shares to be free trading by Feb. 11thTHCbeverages - wrote : If this is how you do all of your analysis then I am worried for you. You think that P/B ratios remain constant in one of the most volatile industries that exists right now? Scary.
Yes I look at P/B and it works great. WEED in March of 2014 had a book value of .34 cents and the stock price was at $2.95 or 8.6 times P/B. Since then they issued a wack of shares and converted a wack of warrants and grew company book value. As of September 2017 WEED has a book value of $4.45 per share and at the same 8.6 times trades at $38.27. Pretty fukin constant I think!