Yea. I believe it to be somewhat unreasonable as well obviously anything is possible it it would be awesome but going over the past filings and the stock share structure and market cap those share prices seem to be over inflated and that combined with the toxic debt issued in the past is what caused the price to drop way down to not where it belonged but where it was heading. When the company started it started with the CEO a lawyer incorporating and going through the process of becoming a publicly traded company and essentially putting up $4000 for 4million shares of bmxc. Going through the stages of setting up the company moving forward they had an offering of up to 1.5 million shares in 2014 in which she was to sell to friends family and investors alike. They sold 1,175,000 shares for a value of $58,750. The company now totaled 5,175,000 until a forward split of 50-1 was filed. The. CEO now was holding 200,000,000 shares she purchased for $4000 and the new investors 58,750,000 shares purchased for $58,750. Within the next 5-10 days shares are shown trading at all time highs in the company $1.52 and the company had a market cap of $393,000,000 or so. Remember at this point the company as done no business yet. And once new investors were trading it was very hard to get in and out of the stock. Essentially within a month the stock was back to $0.045. The new market cap is $11,643,750 at this price. Still at that market cap it is way over inflated because only 58,750,000 or less shares are being traded. The 200,000,000 shares the CEO has have never been traded. So the real market cap at those numbers is roughly around $2,643,750. It still that is being nice. Basically it's just numbers at this point in the companies cycle. Now. Once the ecommerce site was built and they showed some revenue the price did increase but keep in mind the ceo's 200,000,000 shares are keeping the market cap at such a high number. Now they then issued 42,500 for legal stuff no big deal, but then 7,500,000 to a guy and then another 404,000 shares to aucus and crown bridge for the interest on the notes given and then another 184,748,966 for the remaining 6 loans outstanding. If you add up the numbers of shares outstanding there's actually 195,370 unaccounted for. Well at least that I could not locate. The real market cap should be somewhere under $2,295,000 but is over $11m. The CEO retiring the 150m shares was the best thing she could have done besides pay off that debt. But I don't think this stock price can get to where it needs to be while those shares held by adebayo Lapido and most of the 185,000,000 shares are flipped back to the market. Once that happens. With all the great news that's out and the Amazon in April 4 dropping the stock can get back to climbing higher. But prob top out under $.70 for the high. I'm hoping for .10-.15 in the near futyre
Category: InvestingTotal Views: 112 By : EditorUpdated: 05-16-2024
How to Determine Your Risk Tolerance: A Step-by-Step Guide
Do you want to be the one who determines your financial future, but be unclear about how much risk you are to judge your investments? Having a clear understanding of your risk tolerance is a must because it's the very first step to be able to choose the right investment decision to be made out of a purpose-built set of the criteria you've listed before. Consequently, the concept of risk tolerance is to each person as diverse a... Continue Reading
Category: StocksTotal Views: 123 By : EditorUpdated: 05-16-2024
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Category: StocksTotal Views: 86 By : EditorUpdated: 05-15-2024
Market Summary
The major indices all closed in positive territory. The Dow Jones Industrial Average climbed nearly 350 points, or 0.88%, to 39,908. Both the S&P 500 and Nasdaq Composite performed even better, with gains of 1.17% and 1.40% respectively. Meanwhile, April's economic data provided a mixed outlook. While inflation rose 3.4% annually according to the Consumer Price Index, this was a modest decline and within forecasts. Core CPI also aligned with projections, implying easing... Continue Reading
Category: StocksTotal Views: 168 By : EditorUpdated: 05-15-2024
Are Meme Stocks Merely Modern Equivalents of Pump-and-Dump Schemes?
The financial markets have long been a battlefield where contrasting perspectives clash. In recent times, an unconventional combatant has emerged on this terrain - the meme stock. Propelled by social media fervor and grassroots investor passion, these shares have incited spirited debates on fundamentals versus feelings, rational behavior versus irrational exuberance. At the heart of many discussions lies an essential query - ... Continue Reading
Category: MarketsTotal Views: 152 By : EditorUpdated: 05-15-2024
The most recent market mood today was positively affected by a Consumer Price Index (CPI) report, cooler than predicted. This sparked a rise in US stock prices, as the Federal Reserve felt less pressure to increase interest rates. Yet, individual painted a mixed picture. GameStop and Entertainment Holdings suffered significant drops due to the decrease from previous upswings, while Tesla also recorded a decline. However, Apple Inc. saw a small rise in its stock price.
CPI Report: The po... Continue Reading
Category: MarketsTotal Views: 166 By : EditorUpdated: 05-15-2024
Today's market this morning presents a mixed picture with optimism tempered by caution. Looming closely is the consumer price index which will impact the Federal Reserve's decisions on interest rates. This analysis provides a snapshot of major indices, highlights notable events, and issues investment takeaways.
Major Indices Performance:
The Dow Jones Industrial Average stands at $39,558.11. The S&P 500 Index rests at $5,246.68 while the NASDAQ Composite climbs to $16,511.18. A... Continue Reading
Category: Real EstateTotal Views: 185 By : EditorUpdated: 05-14-2024
Plunge into the dynamic cosmos of real estate, a domain where change is the sole consistency! Formed by economic currents, legal changes, and consumer fads, it's a sector that necessitates your concentrated emphasis, whether you're spending or merely working out into a home. Today, we're cutting with the clutter to present you with the most current, essential insights from the core of the industry since May 14, 2024. Get ready for a thrilling trip right into the unraveling trends, ob... Continue Reading
Category: StocksTotal Views: 196 By : EditorUpdated: 05-14-2024
Today the stock market was a combination of positive and negative results, the indices were not moving much, but the meme stocks were the ones that were going up and down. Now, let us see the details of the market activity of today, the leading stocks by the gains and volume, and the factors that contributed to these movements.
Stock Market Updates: Significant Price Changes and Contributing Factors
Cheetah Net Supply Chain Service Inc. was the driver of the stock price leap, gaining 442 p... Continue Reading
Category: Real EstateTotal Views: 242 By : EditorUpdated: 05-14-2024
Decoding the puzzle of fluctuating mortgage rates and refinance patterns is akin to solving a cryptic riddle. However, we aim to illuminate the intricacies that impact your fiscal choices. Have you ever felt perplexed navigating the ever-shifting landscape of the housing market, uncertain how to navigate prudently?
In our comprehensive analysis, we offer insider perspectives penetrating deep into the nuances of mortgage rates, refinance demands, and the tempestuous currents of real estate. Fr... Continue Reading
Category: InvestingTotal Views: 244 By : EditorUpdated: 05-14-2024
The most prudent approach to thoroughly comprehending investment legend Warren Buffett's strategic moves and newly emerging AI dominance this quarter is to scrutinize our recent blog. Entitled "Deciphering Significant Investors' Initial Quarter Moves: Unpacking Warren Buffett's Strategy and Emerging AI Tendencies Impacting Market Forces", it delves profoundly into the latest variables of investments. One would discover clues about how Berkshire Hathaway has shifted its port... Continue Reading