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Re: Engines post# 100996

Monday, 08/07/2017 5:22:40 PM

Monday, August 07, 2017 5:22:40 PM

Post# of 111920
Ask yourself how much would you pay to buy this company. Take away the bad debt from your example and if I understand correctly your figures are for 2 quarters therefore based on your example net income of the business is 10MM. How much would you pay for a company that profits 10MM a year? It doesn't end there a profitable company will then exploit there other products such as simple cork and whatever else. Next year they are doing 15MM net income after expenses. How much you valuation the company? 1 penny or 50MM valuation in the MMJ industry is not a ridiculous amount based on the revenue of 2017. I'm sure many people here will be happy with just a penny