Replies to post #7153 on Next Green Wave (fka NXGWF)

[Harpo1]

Hi Guys,

Well we did get the filings and sales are weaker than I expected.

Low price for their flower and also very limited extraction CBD sales likely their big short fall. Although inventory did increase $$$$

With 200,000,000 shares outstanding and USD $.08 share price total market cap is now approx. $16,000,000.

So lets say they can for this current quarter they can put together sales of $2.5-3,000,000. That give NGW an annualized sales rate of between $12-15,000,000 per year.

So at market cap of $16,000,000 divided by $12,000,000 we are trading at only 1.3 times sales.

For me we are way under valued. We should be trading at between 3-5 market cap to sales.

So there you have it guys. I guess we sit here are wait for management comments. Hopefully soon if any.

For me a big question to answer is, why is the extraction facility taking so long to set in and start up. Also for me when the extraction facility starts up into production we will see a nice move up in share pricing. Extraction = $$$$$$!!

I am holding and not adding to my position. I am not selling at these levels either.