I have read a couple articles like the one below, and i am a little confused on what is the facts.
Looking a this stock: MSPC
They have 5.6B shares outstanding
On 2/14/2018 they closed at 0.0001 meaning 5.6B X 0.0001 = $560,000 company valued
On 3/07/2018 they closed at 0.0025 meaning 5.6B X 0.0025 = $14,000,000 company valued
If i have read the articles correctly would that mean that the value of the company on 2/14 was $560,000 and then in 21 days their value went up to $14,000,000 and then back down to $6,160,000 today.
Do these numbers have anything to do with how much the company is actaully making or is this what they call "pumpers"?