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Wednesday, July 24, 2013 12:12:58 PM
It's based on a complete guess based upon absolutely zero firm financial fundamentals. See, as of now MJNA's revenue streams, operational liabilities, share count, true market cap and such are completely unknown. Therefore determining a value per share based on fundamental metrics is completely impossible.
Traditional with other companies, fundamentally evaluating shares requires calculating income v liabilities to figure earnings, then applying that to current company metrics to determine a market cap and finally dividing that by the number of outstanding shares.
Alan's number are pure "rabbit from the hat" numbers because we don't know the true metrics of MJNA. At this point technical analysis is far more credible.
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