The market cap is the # of outstanding shares times the share price. That money doesn't actually exist anywhere.
When shares are issued by a company the money initially paid for them goes to the company. After that you are a partial owner of that company. You can sell your shares to others, the company might buy them back or they get exchanged for other shares or they get cancelled. They might pay a dividend or not. The value is based on the market and what it thinks. It is generally made up of the company net assets and future earnings potential. But that market cap doesn't really exist and is only liquid if someone else wants to buy them.
The market cap isn't money anywhere anymore. The company got it and spent it and in this case does not have it anymore.
The $43M in market cap here doesn't exist anywhere. Trading is the exchange of those shares to someone else for money. The money goes from you to someone else if you buy and to you from someone else if you sell.
So there is no where for this money to come from. Thus why they are actually worthless because there are no assets or future earnings possible but its not yet reflected in the price. At this point the only way to get some money from them is to sell them to someone else. Its like a game of hot potato at this point, whoever holds them last loses whatever they paid for them.
Does that make more sense now?
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