So two months after the 40-1 reverse split they th
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Although their website is very convincing and I was hopeful about this company there are just too many things that are not working for me.
At a current price of .65 a share and 100 million authorized shares, doesn't that put the market cap of this company at $65,000,000? But their financials say they are worth $346,416 and "have not generated any revenues." Based on that intrinsic value the share price should be more around .0034 a share instead of .65. Optimism about the company or upcoming wrecks could drive the price over .0034 to maybe a few cents but nothing near .65 a share.
I guess that is an advantage of being the market maker and transfer agent of your own company.
Way, way overvalued.