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: StocksTotal Views: 142 By : EditorUpdated: 05-23-2024
Introduction to AI in Stock Trading
AI has been on the rise big time lately in almost all organizations, and the corporations in the financial industry are not left out. As a result of the use of AI in investing, especially in share trading, investing is gradually undergoing a change in terms of business. AI in the financial world has evolved from an innovative idea applying artificial intelligence in the field of finance to a practical solution for various financial problems and challenges. ... Continue Reading
Category: BusinessTotal Views: 135 By : EditorUpdated: 05-23-2024
Undoubtedly, blogging is one of the most influential strategies that help you seamlessly deliver your marketing agenda by satisfying your audience’s content requirements.
Whatever your marketing or business goal might be, you can effectively leverage the blogging that drives traffic and leads to your online business site. Are you thinking of publishing blogs on your business website and engaging with quality traffic?
But if you can’t decide how to go behind and what strat... Continue Reading
Category: MarketsTotal Views: 128 By : EditorUpdated: 05-23-2024
Market Overview: Key Factors Influencing Stocks on May 23, 2024
Financial markets, especially the stock markets, are constantly fluctuating, and as it stands now, same for today, May 23, 2024. Market participants intend to deal for a number of earning calls, economic releases and geopolitical events that might turn the markets north or south. Thus, let’s go deeper into the factors that are actually going to shape the stock market today.
Earnings on the Horizon
It is astounding how... Continue Reading
Introduction: Understanding the Shifts in Personal Finance
Now that we're about halfway through 2024, personal finance is not fixed, and that is because there are some factors that lead towards the changes we've all seen. It is important to understand these trends bearing in mind they are a vital facet of living a financially stable life as an individual or a family. This article aims at exploring and explaining the most significant personal finance trends in 2024, so you, the reader,... Continue Reading
Category: InvestingTotal Views: 158 By : EditorUpdated: 05-22-2024
Introduction: Investment Environment in 2024
As we move further into the mid-21st century, the frontiers of investing remain in constant evolution. Technology innovation, global changes in the economy, and new opportunities within the business environment change continuously the way investors plan their investments. Here is the overview of the main trends in investments for the 2024 financial year and beyond, including the vertical AI and more, and the main asset classes to focus on. For anyo... Continue Reading
Category: EconomyTotal Views: 174 By : EditorUpdated: 05-22-2024
Introduction: Hybrid Cloud in Finance
The world of finance has embraced advanced technology for quite some time now. And among such technologies, the important role of the hybrid cloud technology cannot be overestimated. In this paper, the author explores the use of hybrid cloud technology in the financial sector which seeks to show some benefits, potential challenges, and possible development in the future of financial services. As financial institutions traverse this period of digital trans... Continue Reading
Category: EconomyTotal Views: 160 By : EditorUpdated: 05-22-2024
Introduction to Managing Finances in a High-Interest Rate Environment
Almost halfway through 2024, and there are predictions that high interest rates remain to be a problem in business and everyday personal undertakings. Global Central Banks have hiked rates to contain inflation thereby exerting pressure on cost of borrowings globally. Thus, the goal of this article is to offer vital approaches for managing finances with these high interest rates, which will help someone to develop stability ... Continue Reading
Category: EconomyTotal Views: 170 By : EditorUpdated: 05-22-2024
Introduction to Generative AI in Financial Services
As for the year 2024, the financial services industry is evolving crucially based on the new generation of artificial intelligence also known as generative AI. This technology known as ‘‘generative AI’’ which is able to generate new content and solutions is revolutionalizing the operations of the financial Institutions; improving customer experiences, and achieving higher efficiency not seen before. These new generati... Continue Reading
Category: MarketsTotal Views: 165 By : EditorUpdated: 05-22-2024
Sector Performance Overview in May 2024
In an intricate world of the financial markets, it is vital to analyze the sector performance and break the markets down to evaluate the fundamental economic drivers and the market trend. May-2024 has been volatile, some industries seem to hold strong while others give in the general market trend. This breakdown will help investors discuss the specifics of sector performance in detail and better understand the current state of the US stock market.
Th... Continue Reading
Category: MarketsTotal Views: 179 By : EditorUpdated: 05-22-2024
Daily Stock Market Summary
With trading day coming to an end, the stock exchanges have again delivered a story that is as layered as it is interesting. The day was relatively uneventful with major indices moving in a range, reluctant to extend any direction. The S&P 500 declined the least by losing a meager 0. 3% to 5,307. 01 and the Dow Jones Industrial Average decreasing by a slightly higher rate of 0. 5% to 39,671. 04. Specifically, the Nasdaq composite, a benchmark of the technology s... Continue Reading