the volume this week established a new level...long over due.
While mm'ers will take in any weak hands, there are too many catalysts as well as with each step the brand is establishing itself - expanding and pushing new products into the growing supply chain.
Again for those who may be newer -
at .03 the co has a cap of about 15mm - and has on books about 6-8mm of VATE shares. This means the the KGKG core biz enterprise carries a value of 8mm or so.
This suggests at a price of .03 the co is still very undervalued - to the market, peers and opportunity.
IMHO this justifies a floor value of .05...(again taking into account the VATE shares - a KG value of 15mm).
If aligning to some premiums in the market this could be at .10-.15
Of course as it establishes further the ceiling moves much higher.
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