Not unless they reverse split or expire shares. If the price reaches $1, the company will be valued at over $780mm, which is extremely high for a company like this. Not to mention, there revenues are extremely low.
In my opinion, what is happening now is just a temporary spike caused by people who don't fully understand the Medical Marijuana market. Sure, VTMB is making grow tents, but that doesn't mean they are going to sell. VTMB doesn't have a client base for the tents yet. Considering they have a client base for boarding gear and still only has $18,000 gross profit for Q3 (and net income of -$400,000), I'm not expecting too much revenue from grow tents.
VTMB can't even stay profitable in an industry they have been in since 1999, how are they going to produce profits in a new industry that has a lot of preexisting competition?
I'm not trying to bash on this stock. I was invested in VTMB until today. I took advantage of this spike to get out of my position. This new momentum can be very profitable for VTMB if you know how to handle it, but I don't expect much long term.
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