Post by
Quartzite on Feb 18, 2021 12:30pm
Modern meat, negative revenue and 37 x the stock price
Since listing on the CDNX, MEAT has shown zero revenues. I know they only have 27 million shares outstanding, so 7.5 times less than NSP. I get that, but with 3 to 4 million in revenues plus their large product line, modern manufacturing facility and new distribution deals to grow revenues, NSP should be trading at a minimum of 0.50.
Comment by
Xstorm2 on Feb 18, 2021 1:11pm
Very good points, 50 cents a share for NSP is very reasonable. Still leaves us under 100 million market cap. Which is dirt cheap.
Comment by
Quartzite on Feb 18, 2021 1:36pm
Future sales growth needs to be built into the stock price. Revenues will ramp up quickly and more distribution plans will be added.