Hi DoubleDown
Your reasoning of share dilution leading to a 75% drop in price illogical and let me explain why.
But firstly ask yourself to answer one question honestly. Do you believe the company is in a better position now to deliver a machine than generate income or was it in a better position 3 years ago?
If you answered honestly you would say that the company is in a better position now than it was 3 years ago (or at the very least in the same position).
The market cap should theoretically be the value of the company.
If the company was correctly worth $170m 3 years ago, then I would think the company has demonstrated enough to indicate it is still worth $170m today.
Why has it dropped? I think Burlzey picked it, market sentiment has dropped. Perhaps on reflection could it have been overvalued 3 years ago when everyone thought they were going to make a quick buck a sentiment strong?
The fundamentals of this company are a hell of a lot better now than they were 3 years ago and if I only had a chance, this is the time when I have should have gotten in.
I think its very easy to push the dilution barrow, but I think on analysis the dilution has had only a small impact and to attribute a 75% drop is nonsense.
NGNG
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Last
3.9¢ |
Change
0.002(5.41%) |
Mkt cap ! $186.8M |
Open | High | Low | Value | Volume |
3.7¢ | 4.0¢ | 3.7¢ | $190.4K | 4.913M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 261354 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 2135947 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 65000 | 0.039 |
1 | 263157 | 0.038 |
7 | 511850 | 0.037 |
9 | 2553212 | 0.036 |
14 | 3669072 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 2135947 | 7 |
0.041 | 354783 | 4 |
0.042 | 2052118 | 5 |
0.043 | 781096 | 5 |
0.044 | 481236 | 5 |
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