I think there is more going on...
I don't think this is a typical pump and dump.
The price ran up from .0002 to .001 on news of the $1.9M declaratory judgment not on a paid promotion. After the excitement wore off, it settled back to .0002.
Why go to the trouble of eliminating any debt if the plan is to dilute to the max and then do a R/S? That seems dumb to me.
I have been looking at L2 for a while and I have not seen the known diluters such as VFIN, VNDM, and BMAK on the ask. However, I am no expert in this though. It looks like retail selling which seems odd but then again they could have loaded up on the cheap at .0001 and .0002. 100M shares at 0.0002 is only $20,0000.
The company is actually generating revenue and filing lawsuits. Last quarter they had a net loss of about $201,000 which was less than the previous 3 quarters. I feel it is undervalued at this price.
