Post by
lovingstocks23 on Aug 22, 2020 2:10pm
Revenues for Q4
Walter this is more a question for you, if we reach 2M$ in quarterly revenues, would it be enough to justify a share price of 0.50 / share ?
Comment by
Walterthedog on Aug 22, 2020 4:15pm
Depends, but at 2M$ per quarter, I would think we will take home at least 500 000$ in actual profit (no bio assets) which would equal 2M$ forward looking yearly profit. $2M 20:1 PE ratio gives us a market cap of $40M or roughly .25$. Of course thats pretty conservative and doubling our revenue would lead most to believe that growth rate would warrant a higher SP. Just my thoughts. DYODD
Comment by
Greenbuds on Aug 22, 2020 6:16pm
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Comment by
Walterthedog on Aug 22, 2020 9:41pm
You're right I can't predict price. I'd be interested to hear your estimate and rationalization greenbud? But before you go dreaming up big price tags try and remember that delta nine did 13M$ last quarter and made 1.4M$ and they are only worth 55M$. Even profitable pot companies aren't very highly valued right now.
Comment by
Greenbuds on Aug 22, 2020 11:34pm
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