Tuesday, April 15, 2014 6:03:48 AM
I did bail out.
After careful consideration and research, I have concluded MJN# will be around in 2015.
For simplicity let's assume, and by no means am I suggesting, a 100 for one reverse split. Can't say enough this assumption is just for simplifying an example.
Result of r/s.
Hypothetical
Share price $20
Outstanding shares 9.4 million
Now let us just look at hempmeds. 2013 profit 81K on 1.4 million sales. Through all the new avenues expec Kann. it is my guess that hempmeds has sales of 1.4 million a q. I believe that est is actually low.
Even without economies of scale that equates to 320K for 2014 or 3.4 cents a share. The math show a hypothetical p/e of 580. Crazy high, but, in my opinion my rev est are crazy low.
It is my personal opinion that those who are negative on here are doing longs a favor.
Personally, I am a buy here at anything under 30 cents.
GLTA
Happy trading
.
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