Regarding the number of shares outstanding.....................
There seems to be alot of confusion here.
RFegardless of how many shares are AUTHORIZED- being 750-800 million- the market cap vs. PPS is ONLY calculated by the number of shares in the FLOAT ONLY.
think of the total shares authorized as "approved" but NOT TRADING, and therefore have nothing to do with the per share value. They CAN be added to the float to raise funds OR to keep a majority interest vs,. the public trading float to avoid a hostile takeover- ie- ONE entity tries to buy up the entire public float to own 51% or more of MJNA's float- which would be a controlling interest.
Just because the shares are AUTHORIZED- doesn't mean they are used for any financial or fundamental calculation- ONLY THE FLOAT is used for valuation...............
any bashers out there #$%$ and moaning about 7-800 million shares are just that- #$%$ and moaning and trying to make AN INVALID POINT.
Definition of 'Market Capitalization'
The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share.
It is outstanding shares....Float has nothing to do with it.
you could have a TRILLION shares authorized- if they are not in the float- they mean nothing except the possibility of future dilution IF NEEDED- IF not- they are NOT part of the current valuation #$%$