Re read what I posted.
Share price can absolutely retrace back to .001c regardless of fundamentals as it has done so previously. Of course this could happen. Anything can happen with stocks. I never said it will, I said it could, and it can.
Prior to the FDA approval received in July 2023, the share price was sitting at .001c with similar annual services revenue being received. Market cap is based on share price to outstanding stock. The cash on hand has a fundamental support to market sentiment but doesn't affect the market cap. If market sentiment is that negative, then the market can sell off its position and the SP will retrace. It just means the company has cash on hand and a low share price. This is a true and correct statement. I haven't made any false or misleading claims or calculations on this.
June 2023 LDX had a market cap of $4Million based on 463M shares outstanding and a share price of .009c. In the quarterly report prior to FDA approval, they had $4.3MillionUSD cash on hand. Also had the convertible note debt as well. Reviewed based on market available information and read through the quarterly reporting. Also reviewed the charts (provided in other posts) with screenshots.
The only benefits here currently supporting an unlikelihood of a retrace to .01c is that the company has the Hologic IP deal with future revenue and potential, the US market is now in play (obviously wasn't before hand) as well as other geographic locations for Febridx and no debt. This should hopefully hold the SP well above the .01c mark, but no one can guarantee that will happen. This is supporting your ideal that the company wont retrace to .01c? So not understanding your logic here.
^^ What are you even saying here? First you claim I made mathematical errors, how you are talking about a share price of $745,000? I hope you are correct, because Ill be absolutely loaded.
But mate, no offence, the stock could be $0.00 and/or delisted. Same way others have gone with the potential LDX has. Look at PET for example.
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