Friday, October 26, 2012 11:27:41 AM
In fact "BONZ" is probably one of the best examples of this. Consider what the shareholder's expectations were for the company back when this was trading for under one cent versus what the shareholder's expectations are for the company now with a new C.E.O., financing secured, and gold production starting any day now and a share price in the .04 range currently.
If someone takes the time to research some penny stock they'll find that there are 100's of them who's market cap has no relationship to current revenues or profitability.
When "BONZ" share price is in the .12-.15 range in a few months it may not relate directly to the amount of gold revenues announced in December but more to the expectation of what lies ahead for the company.
I hope this will help you and others get a better handle on how penny stocks are valued by the market and the shareholders.
Recent MVNC News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 03:19:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 03:16:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 02:32:38 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 12:05:36 PM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM