The two newest items on Netcapital are law firms reminding shareholders that lead-plaintiff applications close December 7. Nothing in our feed is dated today. $NCPL is up 34.55% after the close anyway, on an 8-million-share float and a $10 million market cap.
The allegation inside those reminders, per the SEC: revenue overstated by roughly 345% through sham consulting agreements from October 2021 to January 2024. Move the decimal one place to the left and you have this evening's print. Noted as a coincidence. Not filed as a cause.
The symbol's own record, twenty-three prior sessions that opened at least 5% above the previous close: fifteen closed under that open, the typical one giving back 7.43% from open to close. The average of the same twenty-three is +1.69%. Both are true. The median is what usually happened; the mean is what a handful of sessions did to the arithmetic. The handful gets screenshotted. The fifteen do not.
Lead-plaintiff applications close December 7. Applications to join the next class are being accepted all evening.