Yea. I believe it to be somewhat unreasonable as well obviously anything is possible it it would be awesome but going over the past filings and the stock share structure and market cap those share prices seem to be over inflated and that combined with the toxic debt issued in the past is what caused the price to drop way down to not where it belonged but where it was heading. When the company started it started with the CEO a lawyer incorporating and going through the process of becoming a publicly traded company and essentially putting up $4000 for 4million shares of bmxc. Going through the stages of setting up the company moving forward they had an offering of up to 1.5 million shares in 2014 in which she was to sell to friends family and investors alike. They sold 1,175,000 shares for a value of $58,750. The company now totaled 5,175,000 until a forward split of 50-1 was filed. The. CEO now was holding 200,000,000 shares she purchased for $4000 and the new investors 58,750,000 shares purchased for $58,750. Within the next 5-10 days shares are shown trading at all time highs in the company $1.52 and the company had a market cap of $393,000,000 or so. Remember at this point the company as done no business yet. And once new investors were trading it was very hard to get in and out of the stock. Essentially within a month the stock was back to $0.045. The new market cap is $11,643,750 at this price. Still at that market cap it is way over inflated because only 58,750,000 or less shares are being traded. The 200,000,000 shares the CEO has have never been traded. So the real market cap at those numbers is roughly around $2,643,750. It still that is being nice. Basically it's just numbers at this point in the companies cycle. Now. Once the ecommerce site was built and they showed some revenue the price did increase but keep in mind the ceo's 200,000,000 shares are keeping the market cap at such a high number. Now they then issued 42,500 for legal stuff no big deal, but then 7,500,000 to a guy and then another 404,000 shares to aucus and crown bridge for the interest on the notes given and then another 184,748,966 for the remaining 6 loans outstanding. If you add up the numbers of shares outstanding there's actually 195,370 unaccounted for. Well at least that I could not locate. The real market cap should be somewhere under $2,295,000 but is over $11m. The CEO retiring the 150m shares was the best thing she could have done besides pay off that debt. But I don't think this stock price can get to where it needs to be while those shares held by adebayo Lapido and most of the 185,000,000 shares are flipped back to the market. Once that happens. With all the great news that's out and the Amazon in April 4 dropping the stock can get back to climbing higher. But prob top out under $.70 for the high. I'm hoping for .10-.15 in the near futyre
Category: Real EstateTotal Views: 121 By : EditorUpdated: 05-20-2024
Mortgage pre-approval is very important in a scenario where you need it to be like a serious buyer and, it is the best weapon in this case. It is not only your way to the home but also your ticket above the queue of other potential buyers who are interested in the same property.
What is Mortgage Pre-Approval?
Pre-approval means a lender has looked at your money situation. They checked your credit score, income, and debt. Then they approved you for a certain loan am... Continue Reading
Category: MarketsTotal Views: 147 By : EditorUpdated: 05-20-2024
The week of 20th May, 2024 finds the global markets presenting a mixed picture for investors: There is rife opportunity, but also risk. Let us break down what investors need to be looking out s is know about in order to assess the situation.
Market Performance In Review
European Stocks
The Stoxx 600 index fell by 0.24%. Noteworthy was the fact that performance of sectors totally varied: energy stocks under-performed mining shares took lead on this occasion. This may suggest an industry-... Continue Reading
Category: EconomyTotal Views: 139 By : EditorUpdated: 05-20-2024
Introduction
Mortgage rates are like fashion metal gear wrapped around the relationship between the sector of economies and the psyche of a the common man, live, and dynamic. They are seen as effective barometers of the economic health and consumer sentiment. The efficiency and effectiveness of evaluating the mortgage rate environment of current times can solely be achieved through a comparison with earlier years so that one can develop an understanding of the housing market features and the ... Continue Reading
Category: EconomyTotal Views: 204 By : EditorUpdated: 05-19-2024
Introduction: Inflation and Deflation
In the economic realm, inflation and deflation are fundamental in the field of economics. Mastering these topics requires both sellers, buyers, and policymakers to have an insightful understanding as well.
What is Inflation?
Inflation alludes to a gradual, long life increase in the prices of services along with the goods in an economy. Gradually, it leaves people with purchasing power as money value buildings up where the price for the same amount o... Continue Reading
Introduction to Setting SMART Financial Goals
When it comes to financial success and secure a lavish future, setting SMART financial goals is one of the easy ways. It doesn't matter whether you wish to get married or save for a down payment for your house; one thing cleared is that having a clear and strategic approach to goals is essential.
Setting SMART goals mean that your ambitions meet the Specific, Measurable, Achievable, Relevant, and Timely criteria. With such a structure, purp... Continue Reading
Category: MarketsTotal Views: 168 By : EditorUpdated: 05-19-2024
Introduction: Examining How Geopolitics, Economics, and the Environment Shape Market Trends and Investment Plans in an Interconnected World
In today's interconnected world, global events profoundly impact market trends and investment plans. Understanding how geopolitics, economics, and the environment influence these is crucial for investors navigating uncertainties and capitalizing on opportunities. This section provides an overview of how the... Continue Reading
Category: StocksTotal Views: 191 By : EditorUpdated: 05-19-2024
Introduction: Penny Stock Analysis Metrics
Can you imagine a situation where you are cracking some of the dirt's deepest secrets and making a killing with your virtual $4,300 microcapital asset, armed with all the powerful means of technology and metrics that guide the way of your investment towards profitability? As far as penny stock exchange is concerned, it's true that knowledge is power in it. Beyond that, the usual mental effort of traders, which have lost some of their position... Continue Reading
Category: Real EstateTotal Views: 235 By : EditorUpdated: 05-19-2024
Introduction: 10 Easy Tips for Smart Property Investors
Are you investing in real estate? Prepare ahead to avoid costly surprises down the road. Imagine buying a property only to learn about hidden issues later. Wouldn't it be better to anticipate risks early on?
In real estate, staying informed can make or break your success. That's why this guide will help you.
Discover simple strategies to safeguard your investments.
Learn pract... Continue Reading
Category: MarketsTotal Views: 356 By : EditorUpdated: 05-19-2024
Introduction: Another Trading Week Ahead
Prior to the beginning of yet another trading week, let us sift through all the noise and put our focus on those things which may have an effect on Monday the 20th of May 2024 regarding the stock market as well as wider financial systems. Hence, it is necessary for you to be aware of probable market movers, trends and economic indicators that might influence your investment strategies. Therefore following are what shrewd investors need to keep watch ov... Continue Reading
Introduction: Live Debt-Free
Are you burdened by multiple debts? Imagine a life without monthly payment worries, where you can focus on your dreams. Smart debt consolidation can make this a reality and lead you to a debt-free future.
We will explore creative approaches to tackle debt head-on and regain financial control. From understanding consolidation benefits to unique debt management methods, this blog guides you towards financial ... Continue Reading