Market cap is just diluted shares added up-> and the more shares diluted the higher the market cap. That is a BAD thing.
And debt is also not good. with no revenue other than shareholders money redirected to look like revenue is also not good.
The only good this company has is intent. That is what people bought, intent nothing more.
When they add the 10,000,000,000 shares to the float x $.002 will be a market cap of $20,000,000 and means nothing other than the low priced shares have been diluted.
This will never go up. As long as people are buying 100's of millions of shares each week, the debt sellers will hold the price hostage so only they can sell. Brilliant on their part.
If the dilution stopped the share price would not go higher (even though people say it will).
There are now just to many shares in the float to have a run up. There would be to many who try and sell on the slightest uptick killing the price and stopping the market makers from buying on the bid and killing the price.
Everyone is sitting with their hand on the sell button but no one will make it to the sell ticket completion.
People here say they are holding the shares? They have to because they cannot sell them except at a loss.
The true test of success is the shares being reduced and the market cap rising. That means the increase in share price exceeds the multiplied price on a reverse split.
BUT beware! If they did a large stock RS and the share price drops, they can just add more new shares to the float that increases the market cap but most of the cap will no longer be held by the pre RS shareholders. That is when they cost average to buy more and the cycle continues till there is nothing left.
:)
