MJTK MARKET CAP ONLY $7M
The market cap of MJTK is only $7M, still severely undervalued compared to most MJ stocks
MJTK -- $7M with 900M O/S (At .008)
Two of the most comparable stocks in terms of age of "being discovered" by the market, since both were discovered within just the past few months, are MCOA and ACOL
Current market cap and share structure:
MCOA -- $100M with 1.6B O/S (At .065)
ACOL -- $112M with 5.2B O/S (At .024)
At their recent bottoms and tops, their market caps were:
MCOA -- $4M and $320M (At .0035 and .20)
ACOL -- $2M and $260M (At .004 and at .05)
MJTK has both a smaller share structure as well as more market interest as judged by dollar volume before the breakout while it was in the bottoming phase, during the breakout itself and after the breakout as well.
Therefore, based on this data, MJTK may have more potential upside than both MCOA and ACOL
But even if MJTK vastly underperformed both of those stocks in terms of peak valuation achieved, from its current price of .008 there remains a very significant upside to the fairly conservative price target of .03-.05 by 4/20/17, which would give MJTK a market cap of only $30M-$50M
We will find out how things play out over the next 2 months as we head into 4/20/17, but things look pretty good to me at this juncture
Sleek
