First see that $SLDC ran from .10 to .75 on the Marijuana Company change NEWS, then came tumbling back down as some previous holders made huge gains and the selling snowballed...
Some people think that selling was totally overdone, and now this price for a 43.5 million share outstanding marijuana company is way way too low...
Next... the market cap... 1.9 million dollars??? calculated by multiplying the stock price .043 x outstanding shares of 43,500,000...
The typical MMJ stock will have a market cap of 10 million dollars to a billion dollars and $SLDC had a market cap of 32.6 million dollars at .75 - so you can see that stock should be priced over .20 from here just to get a 10 million dollar valuation....
NEWS update is expected very soon that will more than likely cause a major jump in share price... GLTA
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