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FACTS.
Clone - they dont listen to me either. Apparently facts kill the vibe. lol
Even analysts from Cowan are wrong. Just ask the group
Yes because they are so far out of the money its not funny - i checked and i think they were sitting at 35c his options - what does that tell you?
Concur!
Again, follow what the experts are saying. And remember, they sold their story on being in revenues in 2019 Q1 and that by Q4 2019, they would be making $3M min USD per month from flower sales from their facility A.
Just want this to get closer and closer to 20c so an exit strategy can take place!!
GL!
On February 3, 2020 the offeror disposed of ownership and control of 1,500,000 common shares in settlement of a legal dispute.
And you guys were bad mouthing Chuck when he said he had common knowledge that Jennings was up to no good....
Case and point I guess Chuck
Completely different then saying previously that you were rating this company at 4-5x multiple by years end.
So yes, back to reality now.
1.2-1.5x yes. And my Q3/Q4 next year, possibly 2-2.5x.
Im glad we are back to reality now Harpo
OK HD let me I guess be a little bit more plain so its easier understood and i've put this in this group countless and countless times.
If you want to be educated about an industry, go to the industry EXPERTS. Dont go to bull boards, or message boards or some Yahoo Finance site that can be doctored.
Go to the industry EXPERTS. Industry experts are NOT showing those P/E ratios for those companies. Read the analyst reports on those companies websites - even they are showing that the Yahoo Finance metrics are incorrect.
Man I just dont get the people in here. Call up an analyst at Cowan or Stifel or Northpoint. The real bankers with real backshop analyst and industry experts.
Seriously.
You are seriously relying on numbers from Yahoo Finance? You got to be joking guys. Thats like the wikipedia for stock information SMH
Again, go to the best analysts that work for the biggest and most covered investment banks - and not the IB's from Canada.
Seriously I just don't understand why this board is just happy to rely on rubbish information.
Again, take your emotion out of what you are writing on this board. Just makes zero sense.
Thanks HD for your perspective.
I know its hard to not do fundamentals based on emotion. I have been there countless times. I guess thats why my investment strategy is always typically based on industry research before company research. Get the industry metrics down first then see if a company can fit into that metric. Analyst forecasts suggest that even on 4 quarters of positive revenues by the big MSO's the max val multiple will be lucky to stretch to 2x by Q4 2021. Thats the scary thing.
But then of course, you need to rely on the company to deliver. If they fail, its impacted. If dilution events occur - ouch. And we have seen both of these things happen here with this company plus more etc etc
Don't worry, i want that 20c mark to come and from there it's up to the network on my side to make their decisions I guess and of course for you HD, knowing how connected you are to this investment, I hope you get your $1+++ pot of gold in your future as well.
As you said, time will tell.
HD again, how do you agree with that SP target? Can you provide me with the financial metrics and quantum to support that because if you can and its supported, i will blast it everywhere.
Hi Harpo - how are you getting 4x sales multiple for valuations? Im really curious because my analyst hat knows that in the US it is max 2x but its averaging 1.3-1.6x and that based on M&A in the space over the past 11 months.
Again, reality v emotional need but please show me how I stand in corrected with data as i'll happily start rerating based on it.
TM
Oh no for sure. Its just an asset that has a declining value in an area like Coalinga. They even had the big parcel up for sale last year and not one offer from what I could tell when I researched the listing. And that was at a discount to what they bought it for.
So in the scheme of valuing the business - net quantum of approx 50% of what they bought it for which was $1.3M. So I guess $600k.
Again, JMHO
Hunterdog - their LAND. i.e the other land holdings they own that are vacant that they are giving value to.
Hi Irish, pleasure my friend.
Im simply taking the valuation metrics and indicators that the sector analytically are valuing companies on. People can believe it or not, but the most profitable aren't the small SSO's (single state operators). It is the MSO's. The thing that concerns me, is that any value given to land - which has and will continue to decline will get no value because they have no licenses attached to them (yet) and, for them to be of value, they would need to raise tens of millions of dollars (so a major dilution event which will decrease the SP anyway). And if they do go that route, based on how badly they messed up activating their current sites, thats years away to bring value if anything at all. So lets just take the value of the building which is at today $8M USD (max).
Like I have always said, I take an industry and analytical point of view. Not emotion. The emotion rests with the investment which is a LOT and I know this isn't coming back. But i do have a strike price and I believe this stock can get to 20-25c again if execution strategies are repaired and not impaired like their recent cancelled acquisition from 2019.
$1M or even $2M-$3M a month profit is actually nothing in the scheme of things. I know of 5++ private entities in California currently doing $6-$10M plus plus profit per month. And these are bigger and stronger players in the production of high and medium quality goods in the space. I actually went and visited a couple before I went back west and they were phenomenal facilities and operations. And none had their eyes on a public strategy but have been courted by many IB's and other MSO's to roll up.
Anyway, I hope this helps - just some notes from things I have been able to sniff out about the landscape.
GL Irish all the best
Yes and that was before this went to a complete mess and the market completely rerated its valuation metrics. Those days are long gone
Based on what Dob? A dream? It certainly isn't reality though - at the very best we have a valuation expectation of approximately 1.5x sales revenue so;
lets say they over achieve which i really hope they do;
* $24M this year x 1.5 = $36M = $0.22c CDN
now lets hope that rerating also happens based on the Q1 results of the big US MSO's and we get a 2-2.25x valuation multiple.
Then we are looking at a $0.25-$0.30c CDN by years end.
No agenda Chuck - just a pre-IPO shareholder that has been sitting at 35c plus like most of them and not seeing any type of execution at all that was promised.
If you were told that the company was going to be going $3,000 per pound and isnt, were told theyd be making $3M per month by mid 2019 and isnt, seeing deals get made impaired because of clear internal politics - you would have your RIGHT to be vocal just like you.
So before you think people have agendas when they have hundreds of thousands invested, think before you type. I have watched you be vocal for months - and not have any industry references. But, i've listened to your pain and sympathised in some respect.
The company has shocking PR, has very little liquidity - am i wrong?
Happy Friday
Harpo - price to sales ratios for valuations right now are 1.5x not 4x.
Again guys, do your research. https://www.cowen.com/profile/vivien-azer/ > look her up. Best analyst in the world on cannabis and one of the largest banking firms in the USA.
They are also not selling flower at $3,000 per pound. Even their recent MD&A says that.
GLTA
Lets go NGW! Fill my offers! We got money to make!
This is why this has been a 15x in the past 8 weeks and WILL not slow down
https://equity.guru/2020/06/03/predictmedix-pmed-c-killing-new-covid-19-screening-tech/
This is why this has been a 15x in the past 8 weeks and WILL not slow down
https://equity.guru/2020/06/03/predictmedix-pmed-c-killing-new-covid-19-screening-tech/
oh yeh...im glad the new holder bought a small piece of my share holdings late. I appreciate whoever it was!
Lets hope not - he was a joke. He should stick to sticking 1c pennies to his floor of his apartment like hes known for.
Fingers crossed dob we do....just get to 15/20 then its party time! <insert truck with a huge load>
Lift your game and buy more. I want to see it above the 15c mark
Whatever news can get them between the 15-20c mark please do it.....most of you guys here live in a bubble. Its getting funny now just reading most of this in the morning.
The company has announced it has done 1M a month - LOL! The WHOLE pitch by Mike as the CEO pre-IPO was that this was meant to be doing $3M per month by early 2019. Here we are mid 2020 and they are doing 1M a month, disposed of their MASSIVE deal from March 2019 with SDC (the hooded peanuts) and you guys are bragging about it.
Give me a break.
My thoughts exactly
Yeh well wait till people actually wake up and smell the roses Josh.....and apparently some people think i dont know what im talking about right?
$1.17M revenues Jan - March 31st (I guess this is why we have heard zero!!) with COGS of $587k (You do realise this was said to be $3.5M PER MONTH right?)
Key highlights;
The Company may require additional financing in the near future to develop and to expand its business operations. These circumstances indicate the existence of material uncertainty that casts significant doubt as to the Company’s ability to meet its business plans and its obligations as they become due, and accordingly, the appropriateness of the use of the accounting principles applicable to a going concern. If the Company is unable to raise funds and execute its business plans, it may not be able to continue as a going concern.
Cash On Hand - $588k 2020 v $1.24M in 2019
Inventory - $2M (0.1k being CBD products) v $1.3M
Selling price of 4.40$ per g/m (way under what was said and no improvement)
Facility C - now Q3 2020 (1.5 years late and not guaranteed either)
This everyone is why there has been crickets. Nothing else to say here SMH
PMED Stakeholder Call - THIS FRIDAY JUNE 5th 10:30am PST/ 1:30pm EST *IMPORTANT*
Dear All,
There is an INVITE ONLY investor call happening for Predictmedix on Friday June 5th at 1030am PST/ 130pm EST.
ZOOM Details are as follows:
https://us02web.zoom.us/join
Meeting ID: 859 4471 5460
Password: 991566
One tap mobile
+16465588656,,85944715460#,,1#,991566# US (New York)
+16699009128,,85944715460#,,1#,991566# US (San Jose)
Dial by your location
+1 646 558 8656 US (New York)
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Find your local number: https://us02web.zoom.us/u/kvyL4FzEH
Please, we ask that this is only interested and current shareholders. It will be monitored by me and there won’t be the opportunity to talk during this call. It will be presented by Dr Rahul Kushwah and will include a LOT of exciting developments about where this company is going.
Thank you in advance and hope to see you there.
HD - you mean $9,000 worth of buying? cmon how can that be heavy. This needs 5M shares per day to be heavy
You got me Cresus lol
And yes thanks for that info Craig!
Q1 results? When are they meant to be out?
your'e joking right? google it. jesus SMH
Actually HD, I have. Ive created and been involved in multiple startups and exited 3 of them at multiple X's. So my voice is loud because I know exactly what it takes.
Like I said before, if you preach to the choir, you better be able to sing. Don't make promises you cant keep.
Delineate information to stakeholders that is true, accurate and precise. And more importantly. regularly. ESPECIALLY if you are a start up.
None of the above has been done. And you wonder why now, you have guys that were early in, that have simply had enough of the herd sitting behind the desk and with the keys to the premise.
Time to move them all on and get proper professionals at the helm.
to destroy the company? you got to be joking right?
more like, get some sort of return even if it is less then 1/3 what we put out money in at.
thats not called destroying the company Chuck.
See this is where again i'm confused why you say not even 2 years.
We were investors since this was private PRE-IPO. It has been going since late 2016 actually. At least thats what the original deck shows. Pre-IPO money was put into this in late 2017 and the numbers in that deck showed that by end of Q4 2018, the company was meant to be in revenue.
So, patience has warn thin. The fact they aren't communicating - now how can you blame some for thinking that this management is just full of sh@t once again.
This isn't a start up = thats not how it was sold to begin with.
oh yeh jump to a $75M market cap canadian. So do revenues of $60M+ per year. Give me a break.
I'll say it again - reality vs blue sky hope.
Its a mess this company. A complete joke. The entire sector is lit up - NGW is double red. So the excuse that 'oh the market is down be patient' makes zero sense.
I tell you what it is, its skeletons in the closet surfacing. Why dont companies that should be communicating to shareholders not communicate? Its always that there is something to hide from or behind. This company did so well communicating to its shareholders early on and now its just farcical.
Don't say I didnt tell you.....
Yes I cant believe it - the entire sector is jamming green most double digit increases and this is sitting at double digit red loss's
Disappointing
Thats because - there is a wall of stock ready to pound this on any positive action. But again, i dont know much hey.....
At every level this will get greeted. We got to chew through about 25-30M shares before this gets any better.