RE:RE:Aph double digit losswatchmeplz wrote: Because extreme outside pressure in Canada from acmpr personal production licenses, from illegal grows and shops, from having a crazy valuation at 400+million having people that think pot is cool let’s invest somewhere driving the share price up in the beginning, combined with the low revenue not only from this but the other sector LPs from full market saturation from acmpr licenses, having 300+ million shares outstanding, pressure about another certain dilution event when there’s already 300+ million shares outstanding. I don’t know maybe those are a few.. this has a long way down to go before it has a proper valuation.. you were warned
Straight out of your butt again, eh?
Fact: Share count is immaterial. Market cap is what is important. A $400M company is a $400 company whether it has 1 share or 1B shares.
Fact: A market cap of 2.2x projected revenue is perfectly reasonable. Especially for a company that is as young as Supreme and is just approaching their intended production/revenue levels. In fact, most people would say it has quite a low MC. It is not in any way crazy. For instance Apple has a market cap of more than 3x projected revenue, and they have been in business since 1976. Would you call them a failure?