Tuesday, April 04, 2017 12:39:41 PM
You definitely won't get it from sceptics who have no idea of what's happening behind the scenes. mCig has been extremely transparent. Please give us an example of any construction company that publishes every one of their contracts and their value and completion schedules. You can't!
We're beyond the point where we can easily track mCig's construction projects from PR's.
Here's what we know...
From the 10-Q, thru the first nine months of this fiscal year mCig revenues were $ 2,237,405. Mike Hawkins is projecting three times last year's revenue of $1.6 million for this fiscal year ending on 4/30/17...
3 x $1,600,000 = $4,800,000 projected 2017 FY revs
$4,800,000 - $2,237,405 = $2,562,595 4FQ17 revs projected.
mCig's net profit for three quarters was just short of $700,000 (a profit margin of 31%). Based on $2.5 million revs for 4FQ17, they should make about $1.575 million net income (earnings) for the year ($700,000 + .31 x $2,500,000). If they maintain the revs projection for the 4th quarter for the next three quarters (that assumes zero growth), we're looking at revs of about 10 million for the next 12 months with earnings of about $3.1 million.
As far as specific projects, I would refer anyone to check the Conference Call Transcript...
3FQ17 mCig Conference Call Transcript
...Regarding specific projects...
As you can see there are a number of different projects. Not all of them have been individually PR'd and it would be a waste of management time to maintain and publish a detailed and updated list. You're asking for something no other construction company provides.
Les
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