DC Brands International, Inc. (fka HRDN)

[KOmani]

Seen the following in a couple of places recently:

1. Stock moves mysteriously up.
2. Company announces R/S
3. Share price plummets (50%+) after R/S Why? Some shorting, but usually some dilution as well.
4. Share price either:

a. bounces as shorts cover (they likely shorted the run in step 1)
b. continues slide as noteholders continue to convert and sell.

The fact that they have done at least 1 R/S a year since 2011 doesn't look good.

Not saying something good isn't happening, just that past history isn't the greatest.

Colorado SOS doesn't mention any R/S, but the company is delinquent.