$FRLF Quote:
I've been saying for sometime how Freedom Leaf is mirroring CVSI in their growth and strategy and look at where CVSI is today in the $5 dollar range and about to up list to NASDAQ. This was a .20 cent stock 8 months ago.
Not only mirroring them in fundamentals but I've posted a chart comparison many times. Here it is one more time. Notice how they both shoot up to previous highs after breaking out of the wedge.
Both companies prior had announced extinguished convertible debt. Both companies share similar share structures. CVSI then went on to report Q after Q of increasing revenue. The 10K may not show a lot of revenue but it is the forward looking revenue moving forward that will also propel FRLF up. Good investors are "forward looking" getting in early on these plays and holding for the bigger gains. Q1 should show a significant increase in revenue and if they want to "mimic" CVSI they should release a forward guidance revenue PR prior to the Q1 and subsequent Q's like CVSI does.
The investment from Merida was a bigger deal than people realize. The 17m shares were priced in well above the "at the time" current PPS when it was announced. Going forward, with two Merida VP's as board members, IMO we can expect capital from Merida on an "as needed" basis growing FRLF into a CVSI type revenue producing juggernaut.
For those with the fortitude to hold "long term" say 3 years, maybe much sooner, $10 a share is not out of the question. Heck CVSI did that in 5 months going from .65 to 9.00+.
Next evolution of the technicals says we should break another all time high and then hold the bold horizontal line before the revenue really kicks in and moves this up big.
- midas716
I've been saying for sometime how Freedom Leaf is mirroring CVSI in their growth and strategy and look at where CVSI is today in the $5 dollar range and about to up list to NASDAQ. This was a .20 cent stock 8 months ago.
Not only mirroring them in fundamentals but I've posted a chart comparison many times. Here it is one more time. Notice how they both shoot up to previous highs after breaking out of the wedge.
Both companies prior had announced extinguished convertible debt. Both companies share similar share structures. CVSI then went on to report Q after Q of increasing revenue. The 10K may not show a lot of revenue but it is the forward looking revenue moving forward that will also propel FRLF up. Good investors are "forward looking" getting in early on these plays and holding for the bigger gains. Q1 should show a significant increase in revenue and if they want to "mimic" CVSI they should release a forward guidance revenue PR prior to the Q1 and subsequent Q's like CVSI does.
The investment from Merida was a bigger deal than people realize. The 17m shares were priced in well above the "at the time" current PPS when it was announced. Going forward, with two Merida VP's as board members, IMO we can expect capital from Merida on an "as needed" basis growing FRLF into a CVSI type revenue producing juggernaut.
For those with the fortitude to hold "long term" say 3 years, maybe much sooner, $10 a share is not out of the question. Heck CVSI did that in 5 months going from .65 to 9.00+.
Next evolution of the technicals says we should break another all time high and then hold the bold horizontal line before the revenue really kicks in and moves this up big.
- midas716
$MJ
