InvestorsHub Logo
Followers 241
Posts 6903
Boards Moderated 0
Alias Born 01/21/2017

Re: Shinook99 post# 127427

Tuesday, 12/03/2019 10:09:02 AM

Tuesday, December 03, 2019 10:09:02 AM

Post# of 186029
It's all about market cap and profitability. That's share price X shares out. 2.3 B shares are out for about $40M at $0.018. The $40 M is what shareholders (the market) feels the company is worth.
VRUS is not profitable - it is a growing company, but it will have to start making money at some point in order to increase share price. Since it is not making profit, it has a burn rate. The burn rate is how much it costs to do business. As long as the burn rate remains higher than the revenue rate, there is no reason to expect the share price to go anywhere.
That's why you buy these shares and just sit on them until the company completes some of its plans and becomes profitable. Business is slow - shareholders are impatient. So, shares change hands many times while the company slowly grows.
Anyone that thinks the share price should be a nickel should think about how the market cap can get to $120 M with no change in business profitability. Pie in the sky.
A reverse split won't change the market cap, it will just change the OS. That, in itself, offers no benefit to anyone.
And uplisting? Fuggetaboutit. They don't accept unprofitable companies, regardless of the share price.