Yes, I agree, Geo. I snapped up more shares today as well. I never thought I would see it move back down to triple zero ranges but I thought while it got there today I may as well add more to my position, and add to my position I did! I think the current price is an outstanding entry point and actually I am a bit surprised that the stock has revisited these extremely low price ranges after so many fundamental positives have occurred with the company over recent weeks and months. I realize that there has been dilution in recent months amidst a lack of buying pressure which has caused a drop in the price but I happen to think the fall in price range is overdone to the downside.
At triple seven pps the market cap is a mere $800k. Does this make sense? Perhaps, but perhaps not. Even just concentrating on the potential profits from about 2,000 units of CannaCigs out there floating around, assuming a reasonable market premium of 5x the price/sales, and $50 profit per unit, we get very close to the current market cap, and yet the company has so much more potential than just this one factor to the valuation. It seems the market for now is only willing to pay 4x the total value or worth of the current inventory on hand of 2k units times $100 proceeds for each as a total valuation of the company, which in my opinion is a rather harsh way of valuing the company; its like they do not trust the company do get anything right, have any progress going forward and not having any potential for larger order or sales in the future. They seem to only want to value the company right now, as is, without any assumptions of any other revenue streams or worth going forward, whatsoever, as if they do not trust management to move forward on any of its plans, as if the entire story is dead here and now and will not move forward by one iota. To me this is a rather negative and pessimistic view of the potential for the company for the rest of this year and next. Perhaps instead the current share price does not actually properly price the company and does not reflect the true market valuation of the company. Perhaps the only meaning in the share price right now is merely the happenstance of the current buying pressure versus selling pressure or MM movements and without pressure from buyers there are always sellers at any level so the price continues to decline. I think its clear that right now more than any other time the RFMK stock is completely disjoint from the fundamental positive developments of the company and its business, which in my mind offers a significant investment opportunity.
GLTA!
$RFMK!
