You're going to have to bear with me on this....I've been going over and over this for the last few weeks. Of course to get the market cap you just multiply the o/s by the share price but with bmxc as I've previously stated not all the shares that have been given out whether from converted loans or for providing a service have been flipped back to the market leaving that question really up in the air. As of close today the cap is $7,933,153.99. I believe the cap is inflated, because of the past forward split of shares 50-1 (the 50,000,000 the CEO is currently holding) and then the 184,748,966 shares converted plus the 404,000 shares converted plus the 7,500,000 shares given for consulatation plus the 42,500 for legal fees. There is not a really good way to figure out which if any of those shares have been flipped back into the market at current share prices. So although there is no toxic debt and blah blah blah all those shares are technically still diluting the fuck out of the price and market cap. For instance the CEO before retire her shares held 200,000,000 shares which would be a little less than half of the market cap. She got those shares from starting the company with $4,000. Thank god she retired the 150,000,000! Then there were 184,748,966 shares converted at like .0017 or something ridiculous like that. So before the CEO retired shares and when the converted shares were given they totaled 384,748,966 somewhere around 85% of the market cap. Then factor in the 7,500,000 shares given at .0001. That's a whopping $319,750ish for a total of 392,248,966 or 86% of the market cap. Are you trying to tell me that the other 58,945,370 at the time equaled the remaining 7,600,000. This market cap is so fucked. Until someone can figure out who holds what shares and if the diluted shares have been flipped back into the current market prices. I believe the market cap to be at least half of whatever it is. Something like that
Category: StocksTotal Views: 73 By : EditorUpdated: 05-16-2024
Another Trading Day is Underway
May 16: 2024: the stock market has been showing cautious optimism as several indices hit or nearly hit record highs.
The following is an overview of the present:
Indices Performances:
Dow Jones Industrial Average (I:DJI) Dow Jones holds steady with no daily change: standing at $39.91k. Its trading volume stands high at 411.19 million.
S&.P 500 (I:SPX): It also shows no daily change: with a value of $5.31k and an extensive trading volume of 4.3... Continue Reading
Category: StocksTotal Views: 91 By : EditorUpdated: 05-16-2024
A Dive into Penny Stocks vs. Regular Stocks: Understanding the Contrasts
Have you ever received to the question "penny stocks or regular stocks - which type of stocks can bring me a sky-high investment portfolio?" Picture this: you're at the heart of stock market maize in search of the road that will get you to the milestones in your financial life as well. Knowing the difference between penny stocks with their attraction of the volatile market and regular stocks with its stable... Continue Reading
Category: InvestingTotal Views: 144 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: 160 By : EditorUpdated: 05-16-2024
Unveiling Hidden Gems: Strategies to Identify Undervalued Penny Stocks
Did you always think about the thrill of this world, the world where undervalued penny stocks roam? Visualize yourself finding gems that have the potential to increase your investment returns by how many times the number of desktops you have in your office, leading to your masters in finance. How would you implement it? There are limitless possibilities of getting rich by picking out the diamonds before they become mass ma... Continue Reading
Category: StocksTotal Views: 109 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: 192 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: 173 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: 200 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: 218 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: 215 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