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lesgetrich

06/29/15 8:50 PM

#61603 RE: BubbaInSC #61598

IMO, Paul gave the impression he was growing the top line via increased sales of "core" products and services



4,109 people to date have read the article "A Completely Transformed mCig May Be The Sleeping Giant Of The Marijuana Sector". I can guarantee you that none of them thought that $7 to $10 million would come from vaporizer sales which is what you seem to be implying. Notice also that he's upped his target now to $10 million. He obviously seems to think that, with this latest acquisition, the $7 million was too low. Consequently, it's unlikely that he was thinking acquisitions when he gave his initial projections. You're grasping at straws here to find something to criticize.

Growing revenues via acquisitions of other companies will make it very difficult to see if there is any growth in revenues for their "core" products.



I could care less if he brings in $10 million from whatever you consider "core products" or selling tacos on a street corner. If he can show $10 million revenue for the year and 100% growth going forward with 40% profit margin, I'm buying ;-)