"Your maths is flawed. $1000 = 1000 x 1 or 40 x 25. It doesn't matter how you get there. The market determines the MC, not you or I. So what if there are 3 billion shares on issue? Better liquidity than not. If ESI's MC is triple MNM's then that's what the market thinks it's worth."
You are aware that in order to calculate a MC, you need to know the number of securites on issue, aren't you?
To calculate a fully diluted MC you multiply the share price by the number of securities on issue.
I mean that's pretty basic.
MNM Price at posting:
9.9¢ Sentiment: Hold Disclosure: Held
