CMKM Diamonds Inc (fka CMKX)

[gump90]

These are all airy fairy numbers.
But as old as the market itself. Kicked round and round. And lately with the naked shorty thing .. even more so. Market cap is meaningless in a lot of cases where we don't know where all the shares are. All of these terms have to be specifically qualified as to what they actually are intended to show. The term float gets particularly abused. There are probably several float numbers. Maybe we can do a really simple one and call the outstanding [in our example] 1,000,000 shares. Say the normal float in the market system available for trading by us is 600,000. There are legal shorts .. say of 100,000. Now the float just went up by 100,000 and sits at 700,000. The market cap first at $1 a share would be $600,000 .. not $1,000,000 Eh ? But really it is $700,000. Now throw in 50,000 undeclared or naked shorts and the market cap is really $750,000 because we the people have BOUGHT 750,000 shares. CONCLUSIONS ??? It's all BULL SH** !! Just airy fairy numbers. But this is for airy fairy stocks like those that trade on the pinks and most of those that trade on the O T C.BB. People while away their time with this cra*. Now getting back to CMKX and trying to put a fair share price on it. The closest company you can compare it to is Shore. In Shore's latest annual report it shows 43,000,000 shares issued and outstanding. To-day's price was $1.03 U.S. One of the market cap calculations is then roughly $44,000,000 U.S. Let's be generous and say CMKX is half as good as is where is. That's $22,000,000. At to-day's price for CMKX its comparable issued and outstanding total would have to be, to be realistic .. 44 billion shares. We do not know what this number is right now so there is no way that a realistic share price can be put on this. We are all guessing. Note that the short squeeze potential is not included here. It's all a joke and a can of worms but it sure is entertaining to be a part of.