I guess that same argument should have applied to this stock before the 510 million new shares in Q3 dropped it from .004s to where it is now. 800 million new shares is just from the LABRYS fund financing. This company has over $19 million in liabilities to service and posted less than 100K in revenue for Q2 with a $2.6 million loss. Your simple calculation ignores the poor fundamentals for this company and the miserable management that has resulted in so much debt per potential earnings. You are actually making the argument that this is as terribly over valued as it was in July. This stock has been a heavily promoted stock and has only recently been unveiled for the same losing story for several years that it is.
https://sec.report/Document/0001721868-21-000524/ Total liabilities $19,105,744 June 31, 2021 18,448,565 Dec 30, 2020 Total assets $4,193,033 Revenues were $96,158 three months ended June 30, 2021 Net loss was $(2,626,438) for the three months ended June 30, 2021