GREY:MYMMF - Post by User
Comment by
BadgerMeBackon May 13, 2020 4:52am
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Post# 31020736
RE:RE:RE:RE:Highrise
RE:RE:RE:RE:HighriseDo some math man, not hard to use the data they provide, and see through the smoke. 1000kgs x 2.2(conversion) = 2200 pounds 2200 x 448(grams per pound) = roughly 1million grams Soooo they'd need to sell each gram at $7 wholesale to hit that benchmark. That's a reach. Let's go with it though. Assuming their margins are %50, (which I highly doubt with this management team and the small econimies of scale/capacity of their grows) they're making $3.5million/year. Gross profit! That'll get trimmed quite quickly. But again, let's assume best case scenario. So we could say, a comfortable valuation would be 15million? Fair? So 400million outstanding shares 15million = under 4 bloody cents. Meaning even now they are overvalued!! All they had were future fantasies: Columbia, weedon, university partnerships, etc. Let me hear you spin this into a positive. I'll hold your beer.