TSXV:TCI.H - Post by User
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Ktownskid1on Aug 03, 2018 6:39pm
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Post# 28413212
3.4 billion shares float => worst deal ever
3.4 billion shares float => worst deal ever3.4 billion shares fully diluted would mean TCI or LiveWell International has a $306 million market cap at $0.09/share.
Here is a list of all the companies with sales licenses, capital, supply agreements and patients that have fully diluted market caps below that.
AbCann $256 million
Village Farms $241 million
Emblem $240 million
WeedMD $198 million
Invictus $172 million
Harvest One $149 million
Delta 9 $102 million
48 North $89 million
Beleave $80 million
LivWell will be lucky to have a production license in 12 months and lucky to have a sales license in 18 to 24 months. Has no supply agreements. Has no assets other than the money it raises from retail investors on the RTO and the 12% interest in LivWell US valued at US$20 million.
If LivWell was able to maintain a market cap of $100 million it would be surprising. $100 million market cap would mean a share price of 3 cents per share and TCI is trading at 9 cents a share.
So 66% downside right out of the gate.
Look at GTEC, has a production license, retail license in Sask, a dealers license and multiple JVs with leading product developers and has a fully diluted market cap of $100 million.
Hard to argue LivWell international should have a bigger market cap than GTEC.
Would love to debate LivWell's valuaion with anyone on this board. Facts matter.
Happy to help the new investors to this board with their due diligence.