Your math is correct. The problem is day traders who stay in a stock for a few days. This group that jumped in just before or right after the PR are stuck pps-wise and they are selling at a loss. I think once this initial batch of day traders exit, longer term investors will move the price back to a fair, read higher, MC.
Exactly: $SAPX "Market cap is under what it was when Jason first announced a share deduction. When it was 0.002 it had a market cap of 10m. Now a 6m market cap with a 62% reduction in OS"
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