Yeah just trying to play percentages with the market cap. I think it's slightly under $4 million now? If it gets to .0002 it would be about $1.5 million haha...with everything going on. There are tons of stocks out there with 50 billion AS that are like .0003. So to me, it just doesn't add up. And those companies haven't done audits, cleaned their shells, nothing. That said, I don't think the average trader today even pays any attention to share counts or MC. My feeling is they just think "hey it's at .0001, that must mean it's a buy!"
This would explain how Healthier Choices Management ran the way it did in 2020/2021, with an astounding 339 billion outstanding shares. But today I look at companies like Ecosciences (when at .0002 has $5 mil cap), Cruzani (current market cap $9.3 mil), Icon Media (current market cap $12.7 mil), and CarbonMeta Technologies (current market cap $11.3 million), just to name a few. All with much higher OS and AS, and all with higher market caps than Plandai at the moment (which has slightly over a $4 mil cap). I'm not sure any of these are as clean with debt as Plandai, and, based on share structure, all would likely be greater candidates for RS with way more shares.
I'm sure I'm missing lots of others - point being, I think buying here, if you're careful, can be fruitful in the long-run. Obviously if news comes of another possible LOI or the completion of the audit, hoping this goes to .0002 (and a $1.5 mil cap) probably won't be a good strategy. We'll see. But this is where you really watch the stock, and to your point, everyone seems to be doing that now, hoping for the greatest accumulation of shares possible.
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