I'm definitely still mclovin' it, and obviously market cap would drop as the price dropped down because of impatience, everyone is just waiting on the acquisition and distribution deals
Good To See The Market Cap Rise.. Back up to $38.8M which is where this stood on 7/19. Which is ~ 77% off the peak Market Cap. Nice volume bump today!GLTA
KingsKnight Monday, 07/26/21 09:13:26 PM Re: KingsKnight Market Cap Redux..
It's interesting how the market cap on CSOC has reacted to the share reduction that occurred on 7/2 & 7/23.
On 7/1 when the O/S count was 2.3B the Cap stood at $170M On 7/2 the O/S reduced to 731M, the Cap dropped to $58M On 7/23 the O/S reduced to 585M, the Cap now sits at $26.5M So from 7/1 to 7/26, the Market Cap has eroded ~85%..This certainly isn't the intended result of share reductions. Not McLuvin' It At the moment!
KingsKnight Sunday, 07/18/21 07:03:55 PM
Market Cap Movement... It's interesting how the market cap on CSOC has reacted to the share reduction that occurred on 7/2.
On 7/1 when the O/S count was 2.3B the Cap stood at $170M On 7/2 the O/S reduced to 731M, the Cap dropped to $58M now 7/19, with the reduced O/S & recent price drop, the Cap sits at $39M
So, CSOC Market Cap has dropped 77% from 7/1 to 7/19. One would have anticipated the share reduction to have a more significant impact to the price if the valuation at $170M was warranted.
Going to be interesting where this finds a midpoint between those ranges. GLTA..