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Wednesday, September 18, 2013 1:34:18 PM
I imagine there revs will be higher this coming quarter, but at the current $20 price, this puts the Market cap at over 1 billion, on a company with 1.5 million revs last quarter, with 626k in loss.
At $100/share that would put it at 5-6 billion market cap. Needless to say, this is insanely over valued currently, and will com crashing down soon.
obviously the people who got in at 50¢ made bank, if they were even able to sell shares. But with only 32000 shares traded today so far, I doubt many people were able to capitalize on the gains.
This stock is going to come crashing down, as the true value of the stock is probably around $1 at best right now., based on numbers. For comparison VPCO has 4 times the revs, with similar fundamentals, and is only $1/share. the outstanding shares on VPCO are somewhere over 10 million more shares so a bit more diluted than ECIG, so really factoring in the math the true value of Victory is probably still like 30¢-50¢; although I have not fully investigated their financials/liabilities etc.
My opinion, that buying ECIG now will almost certainly losing nearly all your investment, wait till it comes crashing down first, which is will , with 100% certainty.
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