Friday, December 15, 2017 9:32:52 PM
Since then, MGTI is up around $4.20/sh (last checked around 3pm today), which is about 10% higher, which raises our "fair" target pps to about $0.0192.
I like comparing market capitalization vs. mining capacity, because market cap is (theoretically) unchanged by dilution - the pps change in response to dilution is not a measure of company strength, it's a reflection of shareholder sentiment. In SANP's case, there's been so much dilution, and each time the shareholder anger drove the price further down than the dilution ratio would warrant, that our share price is currently about 5 or 6 PERCENT of what it should be. This stock is a BARGAIN from a long term perspective!
(for example.. we're at $0.0011 with 7.4 billion shares. Last dilution was 245 million shares - 5 times as many as ALL the shares of MGTI. BUT... If the next dilution is the same number, that will only be 3% of the resulting 7.645 billion shares. If it happened tomorrow, it SHOULD drop our current pps by 3%, to $0.001067. And, if 3% dilution dropped our share price by 3%, OUR MARKET CAP WOULD NOT CHANGE. Our target "fair" pps would be 3% lower. But I'd bet that if the company "dumped" 250 million more shares tomorrow, the bears would start shouting "SEE? P&D SCAM HERE FOLKS, GET OUT WHILE YOU CAN!" and we'd close under $0.0004. And I would BUY BUY BUY that opportunity!)
Did your stock TRIPLE on 12/13? One of mine did!
Recent SANP News
- Form 10-12G - Registration of securities [Section 12(g)] • Edgar (US Regulatory) • 02/01/2024 09:55:44 PM
- Form RW - Registration Withdrawal Request • Edgar (US Regulatory) • 01/31/2024 10:11:21 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 01/19/2024 09:46:51 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 01/11/2024 09:59:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/14/2023 05:27:38 PM
- Form 10-12G - Registration of securities [Section 12(g)] • Edgar (US Regulatory) • 12/05/2023 06:30:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/12/2023 03:39:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 05:03:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/04/2023 02:24:15 PM
- Strategic Joint Venture Signed by Santo Mining Corp. and Planta Vida S.A.S. • InvestorsHub NewsWire • 10/03/2023 07:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/12/2023 04:46:55 PM
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