GREY:MYMMF - Post by User
Post by
BadgerMeon Jun 28, 2019 1:53pm
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Post# 29874291
sky already fell...
sky already fell...Outstanding share count is now over 130million. Stock price 0.26! Hahaha and still nothing to show after almost 5 years.
Then Weebles youll say well "there has been no material change to report" or some generic stamp of "lets not worry or place blame on management". Have you seen the news releases they have put out over the past years? Most were NOT material changes. Just manufactured hype.
They did say that Weedon is on hold until Laval receives an LP, as revenue from Laval will pay for Weedon.
Lets break it down... Gross profits for Laval at full capacity is projected at roughly $7 million. This would mean they are selling above $3 a gram wholesale. Could happen, Ive seen most company projections around $2-$2.20/gram wholesale. So lets give them the benefit of the doubt on this one since Laval may be considered a craft grow and be able to charge a premium. Maybe!! This $7 million is still gross profits so doesnt account for fixed expenses. ( I would assume salaries eat up a nice chunk of this). Again lets give them the benefit here and make it easy math saying 5 million operating profit. Then take taxes, interest and depreciation away right? So for Weedon which will cost 250million, if they were to allocate all net profits EVERY year, it would take over 50 years to build Weedon. ( and correct me if Im wrong but these projections are based off Laval expanding to 37,000sq ft, not the current 10k)
Of course getting Laval running may help to bring on investors. But man, everything MYM tells us just doesnt add up.
Take your money elsewhere guys.... invest in management, not hopes dreams and a past history of false promises.
Note* I am no accountant like Weebles (claims) he is a CPA. Just going off memory here from what I retained from Uni.