Replies to post #4868 on ConneXionONE Corp (CNNN)

[zcloud9]

Par Value .001


Bubble_T, I have a question,
since AFTC has an official par value of .001,
doesnt that meam it will always be worth at least .001?

this info is off the OTC wabsite

AFTC Security Details
Share StructureMarket Value1 $781,527 a/o Jul 07, 2011
Shares Outstanding 558,233,688 a/o Sep 30, 2010
Float 517,373,816 a/o Sep 30, 2010
Authorized Shares 1,500,000,000 a/o Sep 30, 2010
Par Value 0.001

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I found the info... inv 101


Par value stock has no relation to market value and, as a concept, is somewhat archaic. The par value of a stock was the share price upon initial offering; the issuing company promised not to issue further shares below par value, so investors could be confident that no one else was receiving a more favorable issue price. Thus, par value is a nominal value of a security which is determined by an issuing company as a minimum price. This was far more important in unregulated equity markets than in the regulated markets that exist today.

Par value also has bookkeeping purposes. It allows the company to put a de minimis value for the stock on the company's financial statement.