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hempbutter

02/17/14 7:20 PM

#4601 RE: OC Dan #4599

True, but the revenue being so high has to eventually outweigh costs. It's not like the company just started and has all these upfront costs. Anyone know when they were incorporated? I know they were in business in 2012 and built the company to the point they could make 7 figures. If they weren't profitable what would make you feel better? Strategic global offices for expansion that required capital? Upfront manufacturing of millions of product that haven't been sold yet? Who knows the whole picture. We can only trade on what we know. But, it seems legit right now.
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hempbutter

02/17/14 7:20 PM

#4602 RE: OC Dan #4599

The other pro is we know they have great revenue. Now the company has more time to show profitability too. I wish I knew now I agree. But, once they do the next filing we will know. This "IPO" could be an effort to get the name out further and increase profits.
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Welcome2Pinkyland

02/17/14 7:23 PM

#4603 RE: OC Dan #4599

Of course. But if we knew that profits were in the millions, we wouldn't be able to buy at .0265 either- lol - it goes both ways.
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beamin1

02/17/14 7:35 PM

#4605 RE: OC Dan #4599

You're exactly right, and as I and several others have mentioned, we just have to wait for filings to know for sure. I've personally even gone so far as to consider that, if they wanted to stretch the truth as far as income goes in the pr, they could be talking about more than one year of revenues..but even still, if it's +7 for 2 years, that's at least 5m a year which still values this way over mcig..and even if you half that again, and it's 4 years, it's still 2.5 a year min to get them over 9.99m in 4...so no matter how they "stretch" that # if it's valid at all we know they are moving products.

Now I have no reason to think they are speaking of anything other than the past year as far as time periods go...it's just something I've considered as a possibility. That and obviously that there's no guarantee that +7 is profitable, but I'd have a hard time understanding them being a money losing operation based on what we know.