MEGACHAIN.COM LTD (OTC-BB: MGCN) Message Board

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Microcap & Penny Stocks : MEGACHAIN.COM LTD (OTC-BB: MGCN)

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To: Blue Voodoo who wrote (111)	5/21/1999 7:26:00 PM
From: Michael Graham	Read Replies (1) of 191

The company web site has different info: 2. MGCN has approx one million dollars in cash and no debt. The company has approximately $1,000,000 working capital. Working capital is defined as the difference between current assets and current liabilities (excluding short-term debt). So this may or may not be cash. "5. The float is approx 3 1/2 million shares. At today's stock price the entire company is therefore valued at only $5 million" A companies valuation, otherwise know as Market Cap, is based on Outstanding shares not the float! MegaChain.com currently has 16,154,000 shares outstanding. So the company is valued at $22,000,000 not $5,000,000. Mike

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