Saturday, November 03, 2018 1:12:36 PM
This is very solid news for MGON that justifies a value of .078 per share based on EBITDA as explained below:
Below is a Gross Valuation Based on EBITDA:
Gross Income ÷ Outstanding Shares (OS) = Earnings Per Share (EPS)
EPS x Price to Earnings (PE) Ratio = MGON Share Price Valuation
$585,000 per 9 months = $65,000 Per Month Per Year
$65,000 x 12 = $780,000 Gross Profit Per Year
$780,000 ÷ 196,095,060 Shares (MGON OS) = .0039 EPS
.0039 EPS x 20 PE Ratio = .078 MGON Share Price Valuation EBITDA
I used 20 as what I believe is a fair and conservative Price to Earnings (PE) Ratio as the growth rate for the Marijuana Industry.
Also, this does not take into account any future growth that is planned by the company which leads me to believe that MGON is significantly undervalued. More info about Acordy is below:
https://twitter.com/MegolaMMJ
http://www.acordyinvest.com/
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128822531
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