Opening price threads are always good for a laugh. I’m interested to see people saying 4c with a mcap around 130mil is too low. That seems a very fair valuation to me. AC8 is Australia’s second largest public MM company at this present time and they have a mcap of 128mil after the recent beat down of the pot sector, and all sectors actually.
CAN, Australia’s largest MM company who are setting up a facility that will dwarf qbl’s in comparison, have a current market cap of 269 million.
If QBL opens up at 10c or higher like most here seem to think, 10c gives them a market cap of 330 million dollars. I’m sorry to say but I don’t think the market will value QBL anywhere near that number, I’m sure many of you will have a good rant at me over this and go ahead but at some point you’ve gotta wake up. If I’m wrong then so be it, you’ve all made good money and in the end that’s the aim of the game. Good luck to you all, but keep a level head.
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