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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks
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To: kidl who wrote (47851)12/7/2017 11:27:13 PM
From: zen_lunatic4201 Recommendation

Recommended By
ayeyou

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ENW: You asked for differing opinions when you made your $7.5 million royalty projection. I don't trust it, even after you cut it in half, so let's say $3 million....I don't see what premise you have to assume that this unnamed marijuana grower intends to use their new REV machine at full capacity on their crop(s) next year....have they said that?

Further, I don't trust the CEO's statement "we can do it faster and better". I do believe in the saying "Trust but verify", but they haven't provided much to verify accept those very generic statements that you pasted from Stockhouse and were sent to me by e-mail as a response to my questions ( I thought the context was obvious, but maybe not).

In the interview you posted, the CEO said they have long development timelines for dried food products that require lots of testing and evaluation, but said that marijuana would be quick to market.....I highly doubt it and would love to see some more clarification that the company has actually thoroughly evaluated the product quality and regulatory obstacles for getting the product to the market so quickly. I find that hard to believe given the chemical complexities of the product.

Everything else I read about drying and curing marijuana indicates it's actually a fairly complicated process akin to aging wine or drying hops....and I don't trust that statement the CEO when he says it will be faster and better and not require any R&D.....I think it is an over simplification of the process from inexperience with the industry.

I wouldn't be looking at this stock if I wasn't interested, but I think it's pretty richly valued here....and your high projections for their marijuana royalty stream will end-up like your high expectations for the OEE.v royalty stream.
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