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Post# of 80983
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Hurricane_Rick

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Hurricane_Rick

Re: AU post# 45897

Monday, 04/09/2012 2:04:12 PM

Monday, April 09, 2012 2:04:12 PM

Post# of 80983

$3.51 x 3 billion shares = $10 billion. Hahaha


Your calculation incorrectly uses authorized shares which results in an incorrect market cap thus making the rest of your conclusions incorrect...or at least grossly over-exagerrated.

In the future use the following formula to calculate Market Cap:

Market Cap = Outstanding Shares * Share Price
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