More math that doesn’t add up for PNTV.
They claim to be doing over a million a month from California in the summer. They have owned the grow since end of May which is 5 Months and even if you throw out May it’s 4 months. So why is there not 5 million or 4 million in revenue, simple because they overestimate revs and quantities and give investors false belief they are making more than they really are. This was and is a fully functioning farm so revs would have been from day 1, so no excuses it took a few months to get going.
We now know revs are between $500,000 and $625,000 a month for summer and winter is less so figure $350,000. On the high end they are around 6 million per year and low end 4.5 million a year. That’s half of what they estimated in PR’s. Makes the Market Cap look a bit high here.
They must really think investors are stupid to believe their blatant lies. Or they are so bad at what they do they don’t realize their own miscalculations.
