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Thursday, November 06, 2014 10:58:56 PM
If its brand recognition then why do they only bring in 200k a qtr in revenue? Let's look at the valuation.
lets say a high estimate of 1 million in revenue in a year which is a total pipe dream. They still lose money and have no earnings. so 1 million in revenue and a $65 million market cap. Thats 65x revenue with a good report. Good chance this will drop.
So like I said, Bam can only help so long. You can only live on free publicty for so long. Face it, small niche market that is highly competitive wont go well for mcig and the stock.
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