Great point, its true that the stock is trading ex
Post# of 11899
Great point, its true that the stock is trading extremely thin right now. A mere 0.2% of the shares today took it down over 20%, which is rather amusing. I continue to accumulate down here; close to triple zero or in triple zero levels because in my opinion it is just too great an opportunity to pass up. Based on a 1B O/S and a P/E of about 30, the market is assuming this entire company is worth less than $34,000. LOL you cannot make this stuff up, only in the pink sheets market is this not a surprise. Quite amusing it is.
BTW, management just recently announced that the 1500 CannaCigs arrived and are in inventory. That means, 1500*$50 = $75,000, is the cost basis for the inventory of product that the company holds on hand right now. If we assume all are sold for $100, then that total value is about $150,000, which on a per share basis along with the conventional P/E multiple of about 30 gives us a fair share price only based on immediate proceeds from the sales of the current inventory of about $0.0045/share!!! Not sure about other investors here but I sure am looking forward to the possibility of making over 4X my money on this investment!!
GLTA!
$RFMK!
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