Fun Math
My understanding is that BPMX has gone from 79.6m outstanding and 140m fully diluted in June to 122.8m outstanding and approx 360m fully diluted now, correct me if this is untrue.
On April 28, 2017 stock hit 0.897 for a minute, there were 79.6m shares outstanding and 137m fully diluted shares/warrants (per ANJA slide at June 1 Acne Symposium, which also states tutes are 40%, they are now at 24%)
1- That places the all time high "during a rally" market cap at (0.897*79.6m) $71,401,200 (note: BPMX self valued itself at $68 million in its 2015 IPO)
2- avg 3 day price around that high was .78 cents or $62,088,000 avg 3 day high market cap during rally (0.78*79.6m)
3- Now price in the full dilution of 137m and you get a $122,889,000 million diluted mkt cap (0.897*137m)
4- avg 3 day sp during rally results in a lowered diluted market cap of $106,860,000 (0.78*137m)
So with these KNOWNS what would share prices be today with the increased float and warrants to hit these mkt caps ?
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71m mkt cap highest ever (1 above) based on outstanding shares, 79.6m then and 122.8m now
$71,401,200 / 122,800,000 shares = 0.58 cents (down from 0.897 cents, dilution)
Avg 3 day rally mkt cap (2 above)
$62,088,000 / 122,800,000 shares = 0.505 cents (down from 0.78 cents, dilution)
But one CANT IGNORE the warrant overhang, thats where 3 and 4 come in. 3 and 4 are based on the warrant overhang at that point in time.
$122,889,000 million mkt cap all time momentary high (3 above)
$122,889,000 / 360,000,000 fully diluted shares = 0.341
$106,860,000 million mkt cap avg 3 day (4 above)
$106,860,000 / 360,000,000 fully diluted shares = 0.2968
The LOWEST market cap was Nov 2016 6.5 million dollars.
converted to current outstanding and diluted shares
$6,500,000 / 122,800,000 shares = 0.0529 cents
$6,500,000 / 360,000,000 shares = 0.018 cents
low high range ignoring overhang is now
0.0529 to 0.505 cents with a momentary rally spike to 0.58 (requires major catalyst)
low high range taking overhang into account
0.018 to 0.2968 cents with a momentary rally spike to 0.341 (requires major catalyst)
This is the math of a bearish investor who is not gambling but investing to make a profit, thousands of stock out there, no reason to gamble away on this one with these terrible numbers and history
