when computers became readily accessible back in the early 2000s, when market trading by individuals exploded into massive activity,
this so called 'market' started to become one big corrupted ponzi scheme. And the REAL REASON for the market called FINANCIALs, FUNDAMENTALS went out the window.
Hype, Lies, Hope started becoming the basis for what a company was worth. To the point, fewer and fewer know how to value a company beyond what they or some one else can convince them what its worth based on their own expectations.
Even if JAGX gets their Ph 3 approved, I have asked the question of, what is their POTENTIAL MARKET CAP.. have yet to see an answer.
IE, how much of this product would they be expected to sell, at what possible price point, et al. A market cap of what was it, around $Million with the share price of 26 cents.. How much could that be expected to move up JUSTIFIABLY.
And for the record, do you really think the company is going to intentionally violate an SEC rule to try and hide how fast a reverse split is coming?
Seriously??
But will say, the more the share price dips, the lower the market cap drops? The more desirable the shares get.
The unfortunate part is, the cheaper the shares get, the more I suspect they will dilute to raise cash when a secondary happens. And I do expect one to happen after the 1-60.. Question is, how big will it be?? 10 Million shares?? Adding 2.5x the number of shares post the r/split?
Yep, the market has become a ponzi scheme and too few realize it...
