Capitalize on the MJ sector
The big problem I have with doing this, aside from any objections people have in dealing in such a business, is that I think that most of the value is in the hype or 'pumping' that has surrounded all of these plans.
I do see from the CNBC reports that MJ makes money, but I don't think there is the amount of money there to justify valuing a company at even 10 million. The other locations in this business seem to make money, but they do not appear to be growing by large amounts each year or expanding their locations or branching into other businesses.
It also bothers me that the patents, which I think have a present value of around $75 million depending on the timeline for the case with ATVI, does not seem to move the stock anymore, but a posting on a facebook page by an unknown about the MJ business with WROX, moves WORX up which then moves WDDD up about 25%, even though no one seems to have any idea what such a business would be worth or how much business they could do or what the combined WORX/Merimed/Sigal Consulting LLC combination would have for a balance sheet.
Of course, maybe a world in which a company like CYNK can go from $0.06 to $13.90 within 30 days (June 16 to Jul 10; volume went from zero shares per day to thousands of shares per day, on the last day prior to the SEC halt it got to $21.95 intraday), on the basis of nothing except internet postings or maybe some promotion, and no one seems to know anything; this is all a 'new normal' for the market and investments. It may also partly explain why business and the economy is so messed up in this country.
Louis J. Desy Jr.
LouisDesyjr@gmail.com
