Friday, February 03, 2017 11:22:47 AM
When the shares are issued, I expect them to be priced at a discount and the share price will take a dump. After that, the price will continue to fall a bit and stabilize and volume will dry up. Then there will be some PR to kick off another pump & dump. The price & volume will spike and then fall, and then there will be another announcement that more shares are going to be issued.
If you time your buys/sells right and ride the pump & dump, you can make serious money. If you're holding when the new shares are announced/priced you can lose.
They have less than 10 million shares outstanding right now and 100 million authorized, so they can keep this up for a long time as long as they stay listed. If they fall below $1/share and get a delist warning, they can reverse split to get back above $1 and stay listed, like they've done twice in the past two years.
Lather. Rinse. Repeat.
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