MARKET CAP??? $5??A few well call them bashers say there is no way a company with no revenue could have a $300 million dollar market cap...Well let me enlighten some that there are countless mining and oil and gas companies with market caps larger than $500 million that have never made a dollar....Why well the juniors spend all the time and money and build value in a potential revenue based company and the big guy comes along says thanks for all your hard work here is your cheque what you have found and we will make our money back and then some for years too come......Granted mining or oil is a little easier too put a number on based on there oz. or barrels in place but what we have here is tough as the social network potential as there is no set formula or market price for it...
But what we do know is this is being used and it is growing exponentially week over week....It is not a one trick pony and has many revenue generators in the pipeline...Once everything is fine tuned and proved too be used(well on our way) it would be a very nice addition too say microsoft who could pay 2billion fine tune things and make it a part of there portfolio....
My other large holding XEL has a $700 million market cap never sold a barrel of oil but they have been unlocking a resource that the big guy will come along and take too production....If no offer comes well then they become a company that will build through growth.....Alot of companies are based on future earning potential and this is no different....What it will be worth is anyones guess but im thinking most would settle for $5 a share which I could see happening soon.....
I would like too see these shares eventually fall into people holding for the long term which will come soon....Im glad too be in and wish like many I traded it a few times but the way it trades without being a professional you could be chasing shares you sold.....Does anyone know how many shares are held by insiders and funds???? TIA