PEN peninsula energy limited

Ann: Update on Central Processing Plant Commissioning, page-309

  1. 13 Posts.
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    You probably have to be the least intelligent investor I’ve seen on HotCopper. Let me explain to you the most basic finance formula there is.
    Market cap = shares outstanding * share price
    so if the market cap is 159.64 mil then:
    159.64mil shares * $1 share price = $159.64 mil market cap
    The share price will always be $1 for a $159.64 mil market cap unless the amount of shares change.
    If the share price went to 5 cents as you are suggesting, then the market cap would no longer be 159.64 mil.
    $0.05 share price* 159.64mil shares = $7.982mil market cap.
    so clearly you logic and this ‘share price prediction accuracy’ is inherently flawed

    I really hope you can comprehend this incredibly basic explanation but something is telling me you won’t be able to.

 
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