$35-50 Billion Dollar a Year Industry is funny???
Dude, do u have a clue???
There are estimates out there that run as high as $100 Billion a year in gross sales!!!
Which, btw, is approx the value of beer sales in the USA in 2011, total alcohol revenues in 2011 was $393 Billion.
And it is still illegal in most states!
Of course these are penny stocks. That does not take away from the potential for some of these names to be hundreds of millions if not billions in market cap in the future. Shit, MDBX already hit that level once.
Um, can u say 'need for tax revenue!' You think Washington isn't looking at any and all potential lines of revenue in 2013/14??? Of course they are, and so are the States.
Dude, wake up, LOL, jokes on you. No one here is laughing. We all realize high risk/high reward characteristics of this budding sector. I can name at-least 12-15 gents who have been here w me for 2 years. We watched it drop to .001, down 90%+ plus on paper. U think we don't know about this name?
Let me ask u this: what valuation would you put on a stock that is releasing a smartphone app that will start 2013 with zero users and will end the year with 400,000 paying $20 each per year?
How about a company where that is only 1 line of revenue, and then have at least 3 more different lines of revenue which will all show substantial yoy growth???
I'd put a 10x multiple easy on the app portion alone, depending on how q1 2014 was looking. Thats $8mln on that piece alone. In the last press release, 800commerce did $75k in rev in two months, oct/nov. then u have the card business coming back as well.
We do not need any luck, or homeruns in 2013, we just need some baseline execution for this stock to enter the 15-20c range in the 3rd qtr 2013. That's quite the return from current levels, clearly NOT a laughing matter!
