Replies to post #7356 on West Coast Ventures Group Corp fka WCVC

[alexbh2285]

That $.17 target was from October 2019 when there were only 56 million shares outstanding. There are now more than 5.2 BILLION shares out so $.17 is the same as .0018 diluted so you’re now already double this or take $3.7MM in revenues apply your multiple to get 1.1-2.6MM in market cap (but they don’t pay that for a business that loses $$$ on an operating basis even before COVID) and subtract the $500K net debt and you get a generous market cap of $600K to $2.2B vs the current market cap of $19.8 million. So by your own logic it’s crazy high. Plus that report was paid research from pump and dump shill Rob Goldman. Read the disclosures. He was paid for that. But it’s been a great fun ride that can go on for a while!