Replies to post #31447 on Mining Global Inc (MNGG)

[obeop]

Because you take the outstanding shares and you multiple it by the share price and you get the market price. So it decreased in value because the price stayed the same but the numbers of shares available decreased.... Meaning the comany isnt "worth" as much as it used to be.

Once the O/S gets low enough it will begin increasing the share price to give us a better market price.

So if its worth $1.3 million now, with 6.5 billion o/s and we decrease the o/s to 5.1 bilion, and you want the same market price then it will be at .0003+

[towerclimber92]

O/S(PPS)=market value , while o/s is being reduced the key to a higher pps is to lower the float to make volatility more possible.