Thursday, January 09, 2020 6:18:02 PM
Market cap is based on Outstanding shares not Authorized shares. P/E ratios and all other metrics are based on O/S as well.
The A/S has zero to do with the current price. The price has been $1.80 per share well after the R/S news.
That is why that theory has no merit.
Recent CBGL News
- Form SEC STAFF ACTION - SEC Staff Action: ORDER • Edgar (US Regulatory) • 02/05/2024 07:00:03 PM
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Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM