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Aliquot

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Aliquot

Re: Edgenation post# 9

Friday, 12/02/2016 12:38:08 PM

Friday, December 02, 2016 12:38:08 PM

Post# of 172
At 2.62 you bought in at a $700 million market cap. For a company which did $3 million in revenue last quarter.

If they generously make $20 million in 2016 it is still 35x revenue valuation in probably zero profit.

Canadian solar is another company with around $700 mill market cap.

They do $3 billion in revenue a year and have 1$ billion cash on hand. Food for thought.

I wouldn't buy until $1 here or once legalization goes. Obscenely overvalued on speculation
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