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Posted On: 02/10/2020 9:39:26 PM
Post# of 30034
Anyone have any thoughts on what will happen to the stock price of Emerald Organic Products?
It has 772,704,794 shares outstanding and trades around the $2 level.
That puts its market cap over $1.5B. Some days it sneaks over $2B.
In the last quarterly filing they had a little over $180K in cash and a net loss for the previous 6 months of approximately ($300K).
That market cap has to adjust at some point. The fundamentals don't justify it remotely.
Has GC ever addressed this? Is anyone buying the stock at that market cap?
It has 772,704,794 shares outstanding and trades around the $2 level.
That puts its market cap over $1.5B. Some days it sneaks over $2B.
In the last quarterly filing they had a little over $180K in cash and a net loss for the previous 6 months of approximately ($300K).
That market cap has to adjust at some point. The fundamentals don't justify it remotely.
Has GC ever addressed this? Is anyone buying the stock at that market cap?
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