This company is now potentially worth 0p

Sometimes you see a company that is such a microwaved pile of turd that you assume you must’ve missed something because the market cap is above £10m.

And as I write this, the company’s market cap is £69.3 million.

Which according to the company’s own financial report, makes the business around £69.2 million overvalued.

Equities never trade at what they’re worth.

Even when Cineworld repeatedly warned shareholders that shareholders would have nothing in the reorganisation plan the stock still traded with a market cap over £5 million.