Replies to post #6928 on Cannon Exploration Inc. (fka CNEX)

[enzo1968]

Your reply smitter:

Can a pinksheet gold play

Q Trade over .03 with a float of 261 mil?
A no it shouldn't because market cap would be 7.8 mil and companys accountant Ragen Mangal has stated zero revenues and a property worth 30k

Q trade over .03 with a float of 361 mil?
A.no it shouldn't because market cap would be 10.8 mil and companys accountant Ragen Mangal has stated zero revenues and a property worth 30k

Q trade over .03 with a float of 550 mil?
A no it shouldn't because market cap would be 16.5 mil and companys accountant Ragen Mangal has stated zero revenues and a property worth 30k

You can see where I am going with this

Q trade over .03 with a float of 1.4 bil
A no it shouldn't because market cap would be 42 mil and companys accountant Ragen Mangal has stated zero revenues and a property worth 30k

Now you see the numbers of the company just don't add up to a good market cap to justify a higher price. Now if the companys accountant valued the queen alexinder property at 30k than why are you commanding that it is worth more?