Tuesday, October 19, 2010 4:29:05 PM
Market Capitalization refers to the number of shares multiplied to the price of each share.
What the PR is referring to is that since the Corporate Action is completed, the market can NOW begin adjusting the PPS appropriately to reflect the value of the company with the new SS. Eventually the PPS should be around .026 with no more adjustments to the SS. How can a company have a MARKET capitalization if the market's fundamental unit is still in flux? It can't. So, to assume that there will be further adjustments to the SS means there was a failure at reading, comprehension, ethics, or all of the above.
What is confusing to an extent is the use of "have contracted." "Have" is sometimes used for past actions that are still incomplete, but its use here is clarified if basic logic an grammatical skills are applied. For instance, I have written numerous times on other things. Does not mean I'm still writing on them, it just means it was an action taken in the past, the action of writing. To clarify even furthe, if more action was expected past Oct. 18, there would be a greater use of references to the future ( such as "expected", "will", "would", "later", etc.). IMO and hopefully sound logic if someone wants to correct.
Best to all.
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