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Think it’s going to be volatile until the earnings report
Well according to their last news the farm should be further along in the next earnings. If they got to 1 million a month in revenue it should support a market cap much higher than it currently is, as current market cap would be below revenue.
Just look at their Instagram stories. They have new capacity. No way this company remains under 15 or even 20 cents through February. Definitely back towards dollar status
They said a little under 60 million last time I checked and in mid 2019 it was 20 million. Can’t imagine anymore coming isn’t the authorized around 200 million? That last deal was done in June and it appears lots of shares switched there so they have to be restricted for some time.
Called the Transfer Agent and they said that the hold period expired so probably lots of shares from early investors. Who knows how cheap they got in before the RTO
How do you see how many shares are out there now?
Just speaking about float. Is the max amount that can be out there that 196mm currently stated or the 988mm number? Just trying to understand as the float gets higher what could possibly happen
So is the worst that could happen be that 186mm shares be out there trading (if we are talking dilution) or is the worst case 988mm shares out there?
So currently OS is about 196mm, authorized is around 988mm, and the float according to empire is just shy of 60mm? But you’re saying it could go as high as 988mm in float?
Thank you, good to know. What’s max it can get to? Is it the outstanding shared number?
How do you track and see how many new shares came on the market?
I think that was a crazy overvaluation. But if we look at fundamentals, if this farm does well we should have a company that is worth 10x what it currently is, so the market cap could easily be over 100mm. For it to hit dollarville it needs other things to happen or the industry multiples to be higher, which is also totally possible. Anyway, the farm appears to be real, they are actually selling product, and it looks to be a super cheap value right now
PPS should be at least 10 cents given their revenue so agreed on this
Enter doesn’t mean it completed. Did it?
Why have they increased SS? It doesn’t look like they’re getting more money on the balance sheets as a result
They never took it over. Looks like they just abandoned that part of it. Do you have news release that that deal closed?
Ok. One report. But they audited everything up until then and assuming once this LW deal is complete it will catch up on the auditing process as well.
They’re third party audited they can’t be fake
Yea it doesn’t add up. Revenues should be supporting a 40-50MM market cap so at least 15 cents
I believe that once they have revenue that big they’ll be in the play zone of some big m&a deals so yes I could see institutions coming in if topline revenue goes above 30-40MM
Merry Christmas NUGS! 2020 is gonna be great!
Who is arcaro? How is an operating farm a scam?
What is a tax seller?
Can’t we look at the documents filed to see? Whomever is over a certain percentage or is still with the company is an insider and can’t leak shares so just take that amount and minus it from outstanding or issued and I think we have a general idea. With the volume that’s been going on recently it can’t be that much more being put out there can it?
I think it can and will but it’s going to be at least half a year. Just surprised that it’s not higher given the monthly revenue they’re making. Should be trading at least in the 15 cent range right now
I don’t see how this is bad PR. Reading in between the lines they will be profitable in the intermediate term. Looks like 5 million is ultra conservative on such a large project. I bet they come our way more than that. Easy 30-50 cent stock in 4 months
If 2 months on part of the farm produced $707k then we will probably see 3-4 times that once it’s fully ready early next year. This looks like an easy 18-20 million in revenue by sometime early or mid next year justifying a 100-140 million market cap or at least 70-90 cent shares. Looks like it’s time to buy?
Since that LW Ventures it would make sense that the board would change. Wonder if they waited for the quarterly to do the changes
Yea it seems highly undervalued
When do you think that’ll happen?
Do you have a link? I don’t see them
Yea I agree. If they are able to get even 1/2 of their revenue guidance this should be around 20 million a year and at the multiples of other cannabis companies that seems like at least a 200 million dollar company - ten times revenue.
Call the company up, Arlene or Simon will talk to you. Nobody is living a lavish lifestyle
Jesus is not with the company. So that theory dies
Jesus is not a director there anymore
It seems more shares traded than there is float, what is going on?
How does one find out who did this?
Nycdream is totally right. This next quarterly will look decent but the big one is the February and then probably a better one Q2 in May when the full farm is up and running
Completely true..
https://mjbizdaily.com/prospects-brighten-for-cannabis-farmer-in-californias-emerald-triangle-qa-with-terra-carver/
Look it up. The problem in California is a thriving black market which is impacting the prices. However legal supply is low and prices are holding because there’s not enough cultivators that are licensed.
Everything I’ve seen says there’s not enough licenses and an under supply. Also keep in mind they said they are only at 1/4 capacity until Q1 next year. That means they won’t report full earnings of 15mm a quarter until prob Q2 2020. In the meantime why would they release news?