Mining Global Inc (MNGG)

[tribunus_scipio]

Will $MNGG reach 5 Billion A/S Dec 31.2014

Share Structure
Market Value1 $1,319,032 a/o Nov 21, 2014
Shares Outstanding 6,595,161,617 a/o Nov 20, 2014
Float 6,563,361,617 a/o Nov 20, 2014
Authorized Shares 7,200,000,000 a/o Nov 20, 2014
Par Value 0.001

$MNGG took out what appears to be half a billion shares from the OS and Float.

This is really good news as we move forward. But the real question is, can $MNGG fulfill their promise of 5 billion A/S by the end of this year? If so, that's half of the total — huge progress.

What I don't understand is why the Market Value of the company has dropped 100,000 dollars as the quantity of shares becomes lower. Basic Supply and Demand should make the market price go up as lower supply is available.