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Alias Born | 04/26/2013 |
Tuesday, September 27, 2016 2:47:46 PM
The valuation here is clear. The company had to give 9mm shares at .525 just to borrow money at 12%. Only in penny stocks does the CEO get away with crap like that.
A money loser like CANN that raises debt at 12% and sells equity at .525 like this is not worth a lot. 5X sales would make sense to me as being an expensive level. $15mm into 25mm shares works out to $0.60. There you go. Watch it go right back there in six months...
If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.
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