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Re: MD-420 post# 80044

Tuesday, 11/29/2016 12:16:07 PM

Tuesday, November 29, 2016 12:16:07 PM

Post# of 112759
LOL I'm not always wrong as you'd like to believe. While you were advising people to short at around $.04/share, you might recall my post # 78070...

mCig post # 78070

...and then...

mCig post # 78172

I wrote several days ago that given what we currently know about projected revenues, $.07 to $.08/share would be a rational price. We reached that today (you know what they say about "past performance" - it works in both directions). If we get further news about additional construction contracts or other significant revenue producing deals or we get news on Omni's business plan and financials, this could go higher from here. Of course there could be some profit taking along the way. In any event, there are a lot of MJ sector stocks that are much more overvalued on much worse fundamentals than mCig.



...Given what we know today I think mCig will consolidate for a while between roughly $.12 to $.20/share and start moving up again sometime early next year. However, we have yet to hear from Omni and we should get an update on Green Leaf Farms soon.


Les

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