If you want evidence of 10 Bagger potential, simply look at $CBIS. As of October 11th, 2016, $CBIS is trading around $0.02. Considering they have just shy of 2 BILLION in Outstanding Shares, their market cap is $39.5 million.
Do they have substantial revenue and profit? No. $CBIS reported $44,000 in 2015 revenue and lost $18.6 MILLION. Their total assets were $1.8 million, but their Liabilities exceed that as well by about 100%.
$CBIS is also trading on the OTC Pinks, mind you.
Let’s compare these financials, outstanding shares, and market cap to $OWCP now.
First, $OWCP is trading on the OTC QB market – a step up from the Pinks with more requirements on reporting. In other words, usually more “legit”.
$OWCP is currently around $0.05 per share. With their 96.7 million Outstanding Shares, their Market Value is just shy of $4 million.
$OWCP reported a $1.65 million loss last year, but they’ve been in Research & Development mode. Their news today says they expect product launch in Quarter 2 of 2017.
This is huge. There is huge potential for growth far beyond $0.05! Again, it’s unbelievably rare to see an OTC company getting NON-INTEREST BEARING financing. $OWCP isn’t diluting either.
Again, it’s pure speculation and opinion, but tell me why $OWCP can’t see $0.50/share in the coming months when companies like $CBIS (and many others) are seeing those kinds of valuations!