Next Green Wave (fka NXGWF)

[Hunterdog]

Not a stupid question at all.

First, there times when a company's price per share has little to no correlation to it's value. For instance, the ONLY way a company could ever be valued at a true zero valuation was if there was sufficient debt to outweigh their assets. In the case of NGW, there is ZERO debt and significant real-estate holdings along with buildings and equipment and inventory................so there is no conceivable way it could be valued at zero.

Having said all that, it did get down to $.04 a couple of years ago, but that was before they had harvests or retail sales at all.

I realize that it's difficult to watch the slow bleed, but the company is way, way undervalued at these levels. What we are seeing I believe is some significant liquidation of positions and little interest from new investors. The downward pressure will end eventually. And the price will recover.