Blue Diamond Ventures Inc (BLDV)

[tycoonbull]

The float doesn’t matter when considered without taking into account current price per share, and revenue, which is how you get the market cap. It’s the market cap that matters.

When BLDV secures funding for its AMS grow facility, which could happen any day now, that means the company will bring in hundred of millions in revenue per year. Therefore, the market cap will need to reflect that, and the industry multiplier, which is usually 10-20X yearly revenue for the cannabis industry, you get the target price per share.

All the float means is that this won’t become a $5 stock any time soon because this isn’t a trillion dollar company. What is more realistic for BLDV based on the current OS is something like $.1-.3 per share — and that’s only taking into account AMS. If BLDV manages to succeed in every project it is taking on and meets all of its goals, we could see .5 pps or higher.

Bottom line: the large float argument is only used by day traders or people trying to gum up fear and uncertainty, because that means the stock can’t be manipulated by a few large whales who buy the float, pump the stock, and dump. BLDV is different, this gem is an investment... which, honestly, is very rare in the OTC world.

Go BLDV! :)