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Re: chewchun94 post# 50046

Wednesday, 03/22/2017 9:36:37 PM

Wednesday, March 22, 2017 9:36:37 PM

Post# of 62890
Yes, there is. Check their history.

COWI has a massive amount of toxic death spiral convertibles issued. They convert into about 100 BILLION new shares. Those two 1-200 reverse splits in their past were both done since they issued their first toxic death spirals. And each was done when they maxed out their A/S. If they can find enough new buyers to buy those toxic shares, and if they convince FINRA to permit another reverse split, COWI will do it in a heartbeat.

It is all about the dilution, which for COWI is massive and virtually unlimited.
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