Friday, January 24, 2020 9:13:34 AM
** PNNX = infant stages and undiscovered: http://www.pennexx.net/
** MELI = seasoned, mature, and has been discovered: http://www.mercadolibre.com/
** PNNX Market Cap = $25.7 Million
** MELI Market Cap = $32.9 Billion
https://www.otcmarkets.com/stock/PNNX/security
https://www.otcmarkets.com/stock/MELI/security
** PNNX = .56 per share
** MELI = $663.33 per share
https://www.otcmarkets.com/stock/PNNX/profile
https://www.otcmarkets.com/stock/MELI/profile
** PNNX Outstanding Shares (OS) = 46,057,322 Shares
** MELI Outstanding Shares (OS) = 49,709,955 Shares
https://www.otcmarkets.com/stock/PNNX/security
https://www.otcmarkets.com/stock/MELI/security
** PNNX = Will operate worldwide/multiple service products
** MELI = Isn’t operating worldwide/single service product
In Summary
PNNX has a Market Cap that is approximately 1,280 times less than MELI. This leads me to think that there is much more growth to exist in PNNX as compared to MELI of which MELI seems to have already oversaturated its market for growth as it is nearly maximized with a $32.9 Billion Market Cap that it has already grown into. PNNX has a Market Cap of approximately $25.7 Million that's approximately 1,280 times less in its infant stages which leads me to believe that major growth is on the the horizon for PNNX.
PNNX CEO, Vincent Risalvato, sold his previous company to Paul Allen of Microsoft and believes PNNX has the potential to be a billion dollar company. After doing further research, I believe him. Listen below regarding the PNNX CEO's comments for those that are new to PNNX:
PNNX recently tweeted that they are testing and on track for the launch of their first product next week. They indicated that they will also be submitting the first of their provisional patents and launching updated websites next week too along with sharing a video of their wholly owned subsidiary, Your Social Offers (YSO), in action:
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
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I never give investing advice; only my beliefs for risks in a stock.
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