InvestorsHub Logo
Followers 4
Posts 574
Boards Moderated 0
Alias Born 06/09/2016

Re: Bridget21 post# 4083

Wednesday, 10/16/2019 11:54:31 AM

Wednesday, October 16, 2019 11:54:31 AM

Post# of 14223
Guys, for me it just does not matter for a few cents what your entry level. Since NGW is trading at a much discounted share price to the market cap value of the company.

Market cap value = total shares outstanding x share price

As of June 2019 NGW public investor information deck on their web site there was approx. 156,000,000 shares outstanding.

So 156,000,000 times $.1535 = $23,946,000.

Management forecast sales $$ for 12 months from Aug. 2019 recently stated at $30,000,000

So at these prices we are trading at 24/30 = 0.80 times sales.

When NGW issues any sales updates of the next few quarter. And when NGW shows the sales at or near the recently stated yearly sales goal, the market will react with a much, much higher sales price.

Share price to sales for market cap in this sector runs several times these current NGW numbers.

For me we should easily see market cap of 5 times sales.

Taking us easily to a share price of $.75 within the next 12 months.

The above is when the few cents of entry price really just does not matter, IMO,

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.