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Re: Fitman10 post# 11270

Wednesday, 07/21/2021 7:19:19 AM

Wednesday, July 21, 2021 7:19:19 AM

Post# of 14822
I have only held through one other, actually bought pre and post-split between $2-5 actual and equivalent. It hit $85 shortly after the split. That was Woodbrook Holdings, I'm sure some remember. That had a float larger than this will have post-split and the company was complete BS.

Simular set up here, the difference is existing revenue that provides for an actual valuation. Combined with Morrison's track record and intended product rollout using the new technology this could see a similar but more sustainable post-split move.

At the level this is at, post-split with the restricted shares from the converted preferred included, this would have a cap of 5-6 million. Even at 20 million in revenue, this is almost 4x less than a 1x price to sales in a sector that consistently runs from 10X to as much as 100X.

There is value here, IMO.

CNGT!!