Sunday, August 31, 2014 12:41:19 PM
mjtruth is right...
The index will be excellent exposure for marijuana stocks as a whole, but particularly for TRTC as they are the only non-gimmicky company on the OTC that is actually touching the plant, or soon will be...
With the exception of gwp$, there are currently 7 stocks ahead of TRTC by market capitalization, though IMO only 2 of them have potential to be legit, and even those 2 stocks can't touch TRTC as far as revenues and proximity to the plant.
So, IMO as we move forward, TRTC should become the 2nd highest valued stock on the MJX index by market cap, likely by March 2015.
In that position, TRTC should make up 5% - 7% of the MJX, which means that percentage of money flowing into the index will be used to buy TRTC stock.
But even before the index becomes an investment vehicle (April/May 2015), it will be a symbol on the NYSE this October, which means that shows like CNBC can talk about the index by ticker symbol, the same way they talk about the semiconductor index.
So will CNBC talk about the MJX index, whose stocks exclusively trade on the OTC with the exception of GWP$?
I think the answer is yes, because their viewership is interested in the marijuana sector.
So we may get a bump in October just from increased exposure of the mj sector to investors, but the much bigger bump would come in 2nd quarter next year when the MJX index is actually trading on the NYSE.
Big props to mjtruth for bringing this to our attention!
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