Thursday, November 19, 2009 5:36:58 PM
Currenlty the only other publicly trading company dealing with medical marijuana is MJNA and they have a market cap of $55 million right now. MJNA has no stated revenue or profit, but they do offer tax/accounting/billing/regulations for medical marijuana. It is my understanding that HESG, per their consulting agreement with MJNA, will be managing medical marijuana dispensaries, and likely using MJNA's proprietary software and know how to get the job done.
Medical marijuana is a $15 billion businiess per year. If HESG can manage just 5% of that, that is managing $750 million!
We should have a market cap of $55 million soon too, and I'd expect us to even stablize there or shoot higher.
Notice: A/S was 5 Billion. Now take away 1.5 Billion per todays PR. The max O/S now is 3.5 Billion. Even if 3.5 Billion shares are out there, we would need a PPS of .015 for a $55 mil market cap.
I truly think HESG could get capitalized by the market to $100 million this year. Possibly several hundred million next year. If I am right, you are looking at a PPS of .10 to .15 in a year!
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