(Total Views: 526)
Posted On: 05/16/2017 8:58:17 PM
Post# of 75385
Re: Thczinvestor18 #34314
This is a public service announcement for people who don't seem to understand that you can't compare two companies based solely on their respective share prices. I see this mistake constantly on this board, the most recent example being today with MMMB "stock is almost at a dollar."
Well, guess what. The company RMHB at this very moment is worth (almost exactly) double what the company MMMB is worth. "How can that be?!?!?!" I hear someone ask. "MMMB's price per share is $.90 while RMHB's price per share is only $.071, less than 1/10th that of MMMB!"
Please learn what market capitalization is and it's relationship to number of shares and price per share.
--end PSA--
Well, guess what. The company RMHB at this very moment is worth (almost exactly) double what the company MMMB is worth. "How can that be?!?!?!" I hear someone ask. "MMMB's price per share is $.90 while RMHB's price per share is only $.071, less than 1/10th that of MMMB!"
Please learn what market capitalization is and it's relationship to number of shares and price per share.
--end PSA--
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