Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: Market Cap
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Jun 03, 2008 04:38PM
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pej
Jun 03, 2008 07:02PM

Ghostbuyer, think about what you just wrote. If SPQ is currently worth $.06 a share and you own 10,000 shares you have shares worth $600

If SPQ does a 10 for 1 reverse split, the value of your shares after the reverse split would be $.60 a share X 1,000 shares which makes the value of your shares worth $600

From the above equations you have lost nothing. You are missing the big picture in your thinking. The bottom line is the stock needs to hit with assays from its drill programs to increase its market cap. If you can't figure out why it is better to have 30 million shares outstanding instead of 300 million in a company, I give up trying to explain this to you.

SPQ is a mining stock, think market cap.

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pej
Jun 03, 2008 07:17PM
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Jun 04, 2008 01:46AM
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