Its common to go from maybe 1mm mcap to 40mm but not all the way to 4bn. To cros... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		trader on July 9, 2014 \| parent \| context \| favorite \| on: Company with zero revenue and one employee current... Its common to go from maybe 1mm mcap to 40mm but not all the way to 4bn. To cross a bn valuation is insane.

michaelt on July 9, 2014 [–]

Presumably if a company issues 4 billion shares to the founder, who sells a single share for a dollar, the company has a 4 billion dollar market cap?

Of course I'm sure anyone trading stocks seriously would see through such a ruse immediately.

JimboOmega on July 9, 2014 | [–]

Part of the reason why pink sheets is such nonsense.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact