Replies to post #59270 on Medinah Minerals (MDMN)

[Goldstrike]

My concern was that in tossing out numbers, the less educated might jump to unfounded conclusions about the actual number of shares in circulation. Authorized shares frequently remain unissued.
Again, quoting investopedia: "Outstanding shares are shown on a company's balance sheet under the heading “Capital Stock” and are more important figures than the authorized shares or float numbers. Outstanding shares are used to calculate several metrics, including market capitalization and earnings per share (EPS)."
http://www.investopedia.com/terms/o/outstandingshares.asp

Of course, anyone not familiar with basic definitions in the investment game has no business playing with penny stocks.