InvestorsHub Logo
Followers 3
Posts 450
Boards Moderated 0
Alias Born 05/23/2018

Re: kr8008st post# 20403

Tuesday, 08/21/2018 10:43:34 AM

Tuesday, August 21, 2018 10:43:34 AM

Post# of 61864
For an infant company in an infant industry? You're incorrect. You're comment is as ignorant as it is baseless.

This is not a mature company with clearly scoped and defined distribution network. Hell, there aren't many people even working at VATE. It's a very small operation, working in a bespoke subsection of the Hemp industry.

It all depends on your time horizon. 300K is a tiny figure today, but if it could be in the millions by 2020 - then who cares? There is a track record of growth here, at a tiny pace, but still growth.

Though in a different segment of the Hemp industry - POTN did $102K in revenue in 2014, which jumped to $5.5M in 2015, which fell to $1M in 2016, jumped to $15M in 2017, and is now on track between $25-30M in 2018.

Did they have bumps in the road? Yes. Do I expect VATE to emulate their success? Not necessarily. But at my entry in the low .04s, I'm willing to let this ride for the next few years and see what happens.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent BLEG News