Surprised I am that no one is really talking much
Post# of 11899
Surprised I am that no one is really talking much about how well RFMK management is doing with bringing on new distributors month after month! It looks like the company is up to six distributors along with GotVape and their own internet webstore direct sales. Already they have a decent number of outlets that sell the CannaCig, this is great exposure for the product and should over time bring in a good revenue stream for the company.
The way I see it is with 8 outlets selling the CannaCig, even if we assume only ten units are sold by each outlet per day on average then over the entire year, nearly 30,000 units could potentially be sold annually. If RFMK can retain the great profit of $50 per unit then that could be as much as $1.5M in profits annually. With a 1.1B O/S, that means EPS of $0.0014 and with a decent P/E of about 30 that could mean a stock price of about $0.04 !! I realize this is a total guesstimation but I dont think its too far out of the ball park. Actually I think the company could grow earnings per year at an even faster rate, if we assume a P/E of 50 then its a share price of $0.07 !! It's not crazy to think that possibly by next year this stock could be trading between a nickel and a dime per share! Just food for thought, who knows, it could happen!
GLTA!
$RFMK!