Friday, October 24, 2014 1:46:08 PM
Right now everything is still speculation on the assumption that these products will sell. The MJ market is now looking for results not PR's. An EPS of $.05/share at 20xEPS would probably get us to a $1+ pps. To get there...
270,000,000 shares x $.05/share EPS = $13,500,000 earnings/yr
This would mean the company would have to earn a little over $1 million/month which means they'd probably have to sell over $2 million/month. This is why retail distribution becomes so important. This is very doable within the next year. especially if we get a few more deals like Korea and sign up a US distributor. However, the market needs to see strong progress toward this goal. I feel comfortable that we will get there but it probably won't be overnight.
Les
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