Replies to post #2188 on Mind Medicine (MindMed) Inc (MNMD)

[WebSlinger]

<< Well it’s at $2.92 right now, so obviously the market disagrees with the both of you at the moment >>

The market can be wrong at times, and in this case it is.

Take TSLA for example. TSLA has a market cap of about $600 BILLION!!! That is about the same as the total market cap of the top 7 automakers in the world (Toyota, Volkswagen, Daimler, GM, BMW, Ferrari, & Honda). Yet, Toyota sold over 10 million vehicles alone (compared to Tesla's 365,000).

https://docs.google.com/spreadsheets/u/1/d/1HflVng6sYIb6Gs4pOKiDGtqU5YJ2-hgdM4pRNaT62gs/htmlview

One of the main issues is that there are a lot of young new investors that have no idea how to properly value a company.