~18X share value decline courtesy of current managementHow is this legal? Are my calculations close using AI? Perhaps their CFO can answer this? It seems like another 10:1 roll back is inevitable. Do they have anything to say for themselves, or have they migrated to Quebec to escape?
2017-2018 = $.145 share price with 320 million shares equivalent =
$46,400,000 Market capitalization 2021 -
2022 New management begins replacing former management
2022 = Existing shareholders "rolled back" = $0.10 share price with 32 million shares =
$3.2 Million Market capitalization
2023-2024 = Over
51,000,000 new shares are issued to management, consultants included in and above new "private placement financings" + share purchase warrants and share purchase options awarded diluting the previous shareholders who paid cash for their shares another approx
1.6X times dilution not counting shares and warrants.
Today's market cap with CEO Paul McGuigan share inflation factor is $4.16 Million which is $3.09 Million US.
Here is the breakdown (approximate numbers...)
Adjusted Number of Original Shares after 10:1 Consolidation:
Original number of shares: 320 million
Consolidation ratio: 10:1
Adjusted number of shares: 320 million / 10 = 32 million
Adjusted Market Capitalization in 2017-2018 on a per share basis:
Market capitalization: $46,400,000
Number of adjusted shares: 32 million
Per share market capitalization: $46,400,000 / 32 million = $1.45 per share
Adjusted Market Capitalization in 2022 (after rollback) on a per share basis:
Market capitalization: $3.2 million
Number of adjusted shares: 32 million
Per share market capitalization: $3,200,000 / 32 million = $0.10 per share
Adjusted Market Capitalization in 2023-2024 (after further dilution) on a per share basis:
Market capitalization: $4.16 million
Number of adjusted shares: 32 million * 1.6 = 51.2 million
Per share market capitalization: $4,160,000 / 51.2 million = $0.08125 per share
Loss in Value on a Per Share Basis:
Loss per share = Initial per share market capitalization - Current per share market capitalization
Loss per share = $1.45 - $0.08125 ≈ $1.36875 per share
So, the original shareholders have lost approximately $1.36875 per share in value due to the consolidation and further dilution caused by the issuance of new shares.
Loss in value multiple = Initial per-share market capitalization / Current per-share market capitalization
Loss in value multiple = $1.45 / $0.08125 ≈ 17.846
So, the loss in value on a per-share basis is approximately 17.846 X times. This means that the original shareholders have lost approximately 17.846 times the initial per-share market capitalization due to the consolidation and further dilution caused by the issuance of new shares.
Why did everyone give up their shares to this new group of %@$&? The current management of Vanadiumcorpse has lost over 17.846 X times the share value of this company.
GLTA, VITF
Disclaimer:
The calculations provided above are approximations based on the information provided and are intended for illustrative purposes only. These calculations rely on certain assumptions and estimates, and actual values may vary. Additionally, financial calculations involve inherent uncertainties and complexities that may not be fully captured in these approximations. Therefore, users should exercise caution and conduct their own thorough analysis or consult with a qualified financial advisor before making any financial decisions based on these calculations. The accuracy and reliability of the calculations cannot be guaranteed, and the author and/or platform disclaims any liability for any errors, omissions, or inaccuracies in the calculations or their interpretation. Users should verify all information independently and consider all relevant factors before relying on the provided calculations.