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Post# of 194447
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ndww42

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ndww42

Re: red13 post# 63117

Tuesday, 10/17/2017 6:49:41 PM

Tuesday, October 17, 2017 6:49:41 PM

Post# of 194447
That’s not what Armen said. Re read the post. Armen thinks the valuation of the company is 1-2 times sales.

Stock price is not 1:1 with valuation because this is the OTC.

I also think 1-2 times sales for the company valuation is fair. That equates to 20-40 million.

Once they have their second location the multiples begin to expand.

They’re not Fortune 500 yet so it’s a very conservative approach.

As for the stock price, Armen has stated many times he thinks it should be around 50 cents+.
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