Hello Luker.
As always, I appreciate the raw numbers and the raw facts that you’ve been giving us.
The total volume (as you’ve spelled it out for us) adds up to 535,500 shares.
At the prices the shares traded at yesterday, in Canadian dollars, it adds up to $48,830.
9:30am – $4,655 (49,000 shares at 0.095)
9:31am – $4,845 (51,000 shares at 0.095)
11:13am – $45 (500 shares at 0.09)
11:32am – $95 (1000 shares at 0.095)
11:39am – $2,945 (31,000 shares at 0.095)
3:04pm – $9,000 (100,000 shares at 0.09)
3:25pm – $26,190 (291,000 shares at 0.09)
3:40pm – $630 (7,000 shares at 0.09)
3:56pm – $425 (5,000 shares at 0.085)
The share capitalization of Fancamp presently is 140,189,153 shares.
In the morning, trading at 0.095, the market capitalization was $13,317,970.
That valuation was confirmed by the $12,585 changing hands in the morning.
In the afternoon, trading at 0.09, the market capitalization dropped to $12,617,024.
The $700,946 loss resulted from $35,820 trading half a penny lower in the afternoon.
The last trade of the day—totaling $425—was the only trade all week at 0.085.
That one $425 trade dropped the market capitalization at week’s end to $11,916,078.
That’s an additional $700,946 loss on top of the other $700,946 afternoon loss.
Had the last trade been at 0.09 or 0.095, it would have been valued at $450 or $475.
For the sake of $25 or $50, none of the spineless market-makers stepped up.
It would have cost one of them, literally, lunch money to maintain an orderly market.