I believe it to be somewhat unreasonable This stock gets to a buck soon. anything is possible 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
