while i agree it should be called scam i dont think anything illegal has been done
i have no idea why sec doesnt outlaw reverse splits and limits dilution in these (actually all) companies , that would be the best way to protect regular people from losing insane amounts of money
so these guys booked 20 millions bucks (what a way of life) in february and nobody cant tell me they didnt know what they were doing with all these black scholes formulas and zhyte
and also now basically they are telling people dilution is coming and will be rampant and yet there are folks buying shares at these levels