//Some Blockchain projects hold more cash than their market cap (Aragon …)

Some Blockchain projects hold more cash than their market cap (Aragon …)

I know token holders have absolutely no right on the balance sheet of these companies, and therefore their cash reserves.But if the market cap is lower than their cash reserves, does it mean the market thinks that, even with tons of cash dedicated to the project, the team does not have the ability to leverage that cash to increase the value of their token?For referencehttps://tropyc.co/pages/news/39-icos-hold-over-one-billion-dollars

I know token holders have absolutely no right on the balance sheet of these companies, and therefore their cash reserves.

But if the market cap is lower than their cash reserves, does it mean the market thinks that, even with tons of cash dedicated to the project, the team does not have the ability to leverage that cash to increase the value of their token?

For reference

https://tropyc.co/pages/news/39-icos-hold-over-one-billion-dollars

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