Yes, very interesting activity lately. And it's all coming from the quiet ones, which is always a good sign. Unlike on KERN over there, lots of disgruntled shareholders are making a lot of noise. They don't like their blood bath too much.
Exactly one month ago to this day, before any new facts surfaced, these were the valuations of HLIX and MJ Freeway:
HLIX market cap, 51M; HLIX Enterprise Value, 53M; Revenue, 14M
KERN market cap, 63M; KERN Enterprise Value, 41M; Revenue, 11M
Today, 30 days later before the release of any financials. So I'll x out the projections of revenue growth until more clairty arrives:
HLIX market cap, 64M; HLIX Enterprise Value, 67M; Revenue, ??M
KERN market cap, 46M; KERN Enterprise Value, 24M; Revenue, ??M
Oh, boy! Poor Amy and company. That reminds me of the movie Days of Thunder. Did HLIX just get a turbo charge, or did MJ Freeway get slapped down? It seems to be a little of both as HLIX takes the pole position in the valuation race. I don't like those SPACs. I like the way Zac came through much better.
He comes in on the deregulated, unrespected stock exchange with scam artists, getsa white bronco profiling by cannabis "professionals", and claws his way to the top. And MJ Freeway, one of our prior partners, decides to come through on apperances, dressed up on the Nasdaq, as if she earned a position there. Reminds me of the current college scandals playing out.
We shall see how it all ends. But MJ Freeway is getting tastier looking with each downtick. And the more angry the riots from the squeaky wheels get over there, the more delicious looking they become. Maybe we can acquire them at 50 cents a share next year in best case scenario.
