Wednesday, December 06, 2023 4:08:38 PM
When is Sharp going to file a S-1 for FORW?
Here is what I posted minus the example of why market cap is a meaningless valuation metric - what the heck I will include to embarrass you even more.
The market cap is a meaningless valuation metric. The market cap only reflects the last transaction price multiplied by the outstanding shares.
Market cap is about price, and the price has NOTHING to do with the value of the company.
GVSI, SRNW and WNFT are all empty shells and the only value is what the shell will sell for - and FORW owns worthless HUMBL warrants and 2 other scams (Ligand and Maverick).
WNFT and SRNW are less than worthless because neither has filed a 15c - which means they are eligible for Unsolicited Quotes Only.
Another company I am following has a market cap of $76M and it is trading at $0.02 but has 3,172,977,357 outstanding shares.
In no way does the company have a valuation of $76M.
This is especially true since the Revenue for 2022 was Zero. So the market cap is controlled by the 3B Outstanding Shares.
The First Casualty of Emotion is Reason.
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