CEO claims $150,000,000 in annual revenue is possible. What kind of multiple would you apply to this business, maybe 5x? So, market cap of up to $750M is possible? We are now at market cap of $30M. Does this mean we should expect over a 20-fold (2,000%) gain if all goes well?
vpg, I dont have a price target as of now. I'm waiting to see adequate funding to begin their product launch. I do own shares and will consider adding significantly as these events unfold.
I'm very intrigued with the model here and if/when mhcc can demonstrate traction (sales), the share price could appreciate enormously. You don't often find gems on the otc that actually execute but this one is worth risking within reason for now. That could change dramatically in the near future.
Katherine, s'il vous plaît, dites-moi: What thoughts do you have about the following two statements taken from the 2014 Q1 10-Q:
"The report of our independent auditors issued on our consolidated financial statements as of and for the year ending December 31, 2013 expresses substantial doubt about our ability to continue as a going concern."
"The Company is growing and currently lacks documented procedures included documentation related to testing of processes, data validation procedures from the systems into the general ledger, testing of systems, validation of results, disclosure review, and other analytics. Furthermore, the Company lacked sufficient personnel to properly segregate duties."
It would be interesting to know who their factors are and what price they are exacting for the capital MHCC borrows/raises....as well as what it is that convinces the factors that this company has the chops needed to succeed. Certainly they need to get beyond the stage of having to pay for goods and services by issuing stock in payment for those goods and services.