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Wednesday, February 08, 2017 3:21:15 PM
To value a penny stock lets look at all items besides revenues. Many of the high flyers have NO revenues.
Sector: Entrance into MJ Arena HUGE(HUGE which is why I believe they are going public. Not because they need money they want the biggest bang for what I believe they know is to be coming down the road) HUGE
Patents/Intellectual Property: Huge protection of Intellectual Property They already have a great relation with the FDA having been down that road before to meeting compliance and regulatory requirements
SS: Very attractive 1 billion A/S 690 million O/S
I personally believe they could be more apt to buyback shares versus issue any shares and raise the A/S count. This is NO typical R/M IMHO.
Based on the facts above not taking into account revenues we are seeing companies run into double digit pennies. Yes NO REVENUES.
50 to 200 million Market Caps.
50 million would put the PPS in the neighborhood of: .07 cents!
100 million would put the PPS in the neighborhood of: .14 cents!
Now reading up on their intellectual property/patent on testing saliva for drug abuse and usage with results in 3-5 minutes I see some huge potential here. I personally believe the company already has an avenue for this which explains their move to a public company. To get the biggest bang!!
Just my two cents.
I wont be liquidating at a penny. I will be waiting for much higher!
Anyway you look at it this has HUGE RUN WRITTEN ALL OVER IT!!!
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