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GVInvestments

09/11/14 6:46 AM

#42428 RE: hobowilly #42425

Generally a high P/E ratio means that investors are anticipating higher growth in the future.

CoachMarc

09/11/14 7:07 AM

#42429 RE: hobowilly #42425

Hobo, you took me out of context, and I should have been more precise. This comment had more to do with the correlation between the direction of the stock price and whether or not MCIG can make it as a company. The stock price could crash down to 0.01 and it would have little bearing on the future viability of the company. A young company can excel, execute quietly and sometimes the stock price takes a long time to reflect that performance. This is called "proving yourself as a going concern". This is what I believe is happening to MCIG and rightly so. I too feel a little frustration in regard to the lack of communication from the company, but I am also mature and experienced enough to know that patience is key to rip the biggest rewards.

Why would a cutting edge company expose it's business plan publicly and prematurely divulge all it's business plans to their competitions?

By buying the stock, I bought a piece of a great company and I am confident that many of us longs will be there in 2 or 3 years laughing it out.

However, and you were correct to correct me, the stock price will of course crash if the company does not perform up to expectations. Thank you for pointing this out.