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0.00% 4.6¢ hygrovest limited

Arbitrage Opportunity MMJ / HVST - Research analysts perspective

  1. maxwelljm
    8 Posts.
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    03/05/17
    10:25
    Post #: 24432201
    Ok, simply put, MMJ owns 46% of HVST, so if HVST is worth $116M then MMJ should be worth $53MM + 13M cash they have on their balance sheet. $66MM / 235M MMJ shares = $0.28/share. Clearly HVST is better value.
    MMJ Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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  3. LuckyLinda
    83 Posts.
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    03/05/17
    10:27
    Post #: 24432312
    These calculations and your opinion, assume that MMJ's Phytotech, and their operation has no value, and that MMJ's only value is in cash and HVST ownership with rights. Those who are more familiar with MMJ would disagree to this assumption.
    Last edited by LuckyLinda: 03/05/17
    MMJ Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 16  Upvote
    lightbulb Created with Sketch.  Great analysis
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4.6¢ 		Change
0.000(0.00%) 		Mkt cap ! $9.674M
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Buyers (Bids)

No. Vol. Price($)
2 163513 4.6¢
 

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Price($) Vol. No.
4.6¢ 5470 1
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