Correction: Market cap is based on issued shares,
Post# of 226
Posted On: 07/13/2015 6:39:48 PM
Re: Coat Tail Rider #11
Correction: Market cap is based on issued shares, not Authorized shares so the market cap for this company is around $35,000,000 with today's new price (38% jump on 2,000 shares traded? Got liquidity? Guess not.) of .90 a share and not $65,000,000 as previously stated. Doesn't negate my point anyway and still way too high in my opinion but some people may not have a problem with that.
Also, seems like I saw somewhere that Micah and Dilley own 80-90% of the stock, not 100% as previously stated. I wonder how much Dilley paid for his shares. Were they just given to him? What he paid for them is not in the 10Q so it makes me curious and I can't think of any other reason why what he paid would not be listed. Probably not a big deal but I wouldn't be crazy about my CEO giving away shares. Maybe I'm misreading the financials. I'm not a professional in this field so when I say this company is way overvalued, it's just my opinion based on the financials.
Also, seems like I saw somewhere that Micah and Dilley own 80-90% of the stock, not 100% as previously stated. I wonder how much Dilley paid for his shares. Were they just given to him? What he paid for them is not in the 10Q so it makes me curious and I can't think of any other reason why what he paid would not be listed. Probably not a big deal but I wouldn't be crazy about my CEO giving away shares. Maybe I'm misreading the financials. I'm not a professional in this field so when I say this company is way overvalued, it's just my opinion based on the financials.
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(1)Endurance Exploration Group Inc. (EXPL) Stock Research Links
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