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Re: MD-420 post# 86727

Friday, 06/16/2017 9:31:48 AM

Friday, June 16, 2017 9:31:48 AM

Post# of 112680
I pretty much agree with you but the run up wasn't just a promo. The entire sector experienced a small hype bubble. As for my post, I was simply pointing out that mCig is being priced on actual revenues and earnings while most of the other MJ companies are valued on promises and projections. This is always a dangerous time of year for mCig as the fiscal year end gives them 90 days to produce the financials instead of the normal 45 days for quarterly reports. This is a long stretch between the end of April and late July or early August while the market waits for confirmation of their numbers. Combine this with summer when traders/investors typically have less focus on the market and it's not surprising that the pps drifts for a while.

Like you, I'm hoping for a July pop.

Les

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