Anyone familiar with penny stocks surviving on toxic debt would disagree with your conclusion. Pink sheets is filled with sub-penny stocks that repeat the cycle from triple zeros to reverse split to triple zeros again until there are no longer believers to buy the new shares. Things like delusion insurance, fear gaps, inside sources and rumors, gagged transfer agents are all part of the game.
At 8 cents, toxic lenders see plenty of opportunities to make high percentage gains over and over until the price gets down to low triple zeros. It has little to do with market cap and everything to do with the close to 3 billion new shares authorized to issue however PN and SO see fit to keep the game from ending.
While I don't believe this is what ERHC intended to occur, they made another serious and costly mistake when executing the reverse split. Anyone know what it was?
