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Re: MariCanni post# 944

Saturday, 05/27/2017 12:09:09 PM

Saturday, May 27, 2017 12:09:09 PM

Post# of 2689
Just a little math I was doing...

The machine in cali processes 20lbs an hour and the wax sells from 9-15k. Good trim costs around $250 per lb. so if they make somewhere in the middle of 9-15k let's say 11k then their profit after employees will probably be somewhere along the lines of 5k per hour. If they process 6 hours a day, then they will make $30k a day and $150k a week. If they do that for 50 weeks out of the year that puts them at $7.5mm revenues for the year. Currently the stock is running at 54 times revenues while others are in the 80 and some like Axim are even higher. $7.5mm * 54 gives this stock value at $405mm. Divide that by the 35.39mm outstanding shares and that puts this stock at around $11.44. By the time this thing pops it will be too late for the people who weren't in and holding since the beginning.