CarbonMeta Technologies Inc (COWI)

[1manband]

A penny? Ridiculous.

COWI, at last report, had about 12 BILLION shares outstanding. They also have toxic death spiral convertibles which, at current prices, convert into roughly 92 BILLION new common shares, which can be converted and sold into the market right now. And there are 5 classes of convertible preferred stock outstanding, all convertible into even MORE common shares.

And COWI is insolvent. They have about $20 million more in current liabilities than total assets. Not to mention several tax garnishments for unpaid taxes AND a number of civil lawsuits they have lost, not to mention the civil garnishments. If COWI had any assets, they would disappear immediately as they are owed under the legal judgments.