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Re: Jaybay post# 8552

Monday, 03/03/2014 9:44:58 AM

Monday, March 03, 2014 9:44:58 AM

Post# of 112682
I agree that we need to be cautious on revenue projections but this analysis fails to mention that a new product MCIG 2.0 was introduced this quarter and has been on backorder since the end of January as they have not been able to keep up with the order volume.

I previously used $10 million earnings as an example to come up with a rational pps projection (see my post # 8441 and 8467).I don't think that this can be done by MCIG alone. However, I think VCIG is aimed at a national market and could have a lot more revenue potential (see my post # 8423). Perhaps $5 million earnings is a more realistic target, but even at half that we are undervalued in relation to other MJ stocks.

Les

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