Unfortunately, the damage is already done and he now has to live with the reality that he made a deal with some very bad toxic lenders. As shared there wasnt going to be a safe level to buy. Not even the minimum of .0001 for a flip. Because the worst is yet to come. They will have no answer for this, and the CEO told me he had no idea he'd be dealing with a lot of toxic debt conversions at the .0001 price. So what was an increase in A/S from 300 Million to 5 Billion was so theyd have some buffer room as needed. But... The debtors crushed it so fast, and you can see theres no way now they dont max out, and have to reverse split to even still be around before filing bankruptcy. And they will still be sued for the difference in anything they cant get paid on in shares, when theres no bid or buyers. So now he is accepting his bad deals behavior, and will allow for anyone to ask for his resignation. None of it matters now. These debtors werent happy about the legal stuff the company tried to threatened and they basic took it to the shareholders as recourse. They know they can convert so far below .0001 that no shareholder can now compete.
Even though this was higher when I first started to share, the worst unfortunately, has yet to come, and these prices warrant even more conversations of even more shares now. Theres no way this gets out of November alive. Look how bad November gets. Even Octobers 56k now will convert at a huge percentage under the .0001 bottom. No one wants to lose, but this was very, very, clear to stop buying. This ticker is toast, and even those not wanting to believe and buying 2s, will now face the same fate as it gets to no bid, and 1s stacking a mile high, on the ask. This with have no choice but to need a split to even trade again. The warnings were there.