Just advising that the risk/reward & chart is not very attractive at these levels. Hype is fading. Major catalyst are out.
MCIG is overvalued via P/S ratio compared to other Mj publicly traded companies.
As for P/E, let's annualize last quarters Net Income of 10k with +10% to 50k Net Income and profitability for fiscal year 2017. And MCIG using OMHE shares for equity financing so little MCIG O/S dilution. This would still imply a 625x P/E ratio with current information and PPS. However, this does not take into account PV of contracts (MCIG seems to always fail to execute) and increased demand from legalization, but it coveys overvaluation. Chart wants to test moving average support.
I'm on the sidelines
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