I got bored so I actually made that very chart you're describing. I can't post a chart or even a JPG here...grrr. But it's basically the opposite of what you describe. The Shares increased from '14-15 but flatlined to current. The market cap (based on closing prices of 31Dec of each year shows a big decrease in 14 (of course) a bottom in 15 and an increase for 16. Followed by a large increase just this month (using static share count value). Looks like a company recovering from bad times investing in infrastructure/equipment/personnel and starting to see growth/revenue/results finally from this viewpoint. In my opinion of course.