GREY:CBICF - Post by User
Comment by
Bmclavon Aug 24, 2018 5:12pm
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Post# 28515349
RE:Am I missing something about MPX??
RE:Am I missing something about MPX??I have a similar feeling about the low SP, especially when you look at the SP of the other top revenue Cannabis companies. MPX is the only one in the top 10 that isn’t trading at dollars, or even double digits.
Playing devils advocate, the only threats I see to MPX breaking out is :
1) The Arizona court case is a bigger issue than management has led us to believe
2) We are unable to get a license from Health Canada.
The 1st is a bigger issue than the 2nd because mostly all of our revenue comes from
Arizona at this time.
If all goes well however; and the worst case scenerio doesn’t happen, you have to think a SP in the $1-$2 range is realistic in 2019.