Does anyone here actually know how to calculate the market capitalisation of a company?
1.9B shares/options on issue still means that the undiluted market cap is 135mil
Compare that market cap with any actual revenue generating small caps and this huge train wreck is still hugely over valued.
That is pretty much why the chart is steamroling though multiple support levels. Everything has a value, NET was taken to a huge nose bleeding valuation purely on hype, now that the music is stopping the valuation is becoming what this company is being valued on....
Any good news announcement will be sold in to, as the price keeps falling there will be more trapped holders waiting to exit, as the price keeps falling they will sell and create extra levels of resistance.
Next support on the chart is under 0.040
Does anyone here actually know how to calculate the market...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.63M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| NET (ASX) Chart |
Day chart unavailable