AI
Tuesday, November 29, 2016 10:26:39 AM
Floor is $0/bankruptcy eventually. This company has been a turd for a long long time and exists purely on borrowing/ issuing new shares and hooking in new blood to buy their shares before another reverse split further down the line. The freak trading of 2 weeks ago was exactly that, machines/algorithms ran wild for a while and then reality set in. Sure some made good coin but plenty holding again having been suckered by the freak trading
Fact is reverse stock splits are a huge red flag and this company is specializing in them. Shares in 2008 prior to all the subsequent splits/borrowing would have a value of in the $100k + range each, now look where they are. Obviously their business model is flawed, how its not ceased trading i will never know,the chairman is obviously very shrewd/ devious/shameless.
Fact is reverse stock splits are a huge red flag and this company is specializing in them. Shares in 2008 prior to all the subsequent splits/borrowing would have a value of in the $100k + range each, now look where they are. Obviously their business model is flawed, how its not ceased trading i will never know,the chairman is obviously very shrewd/ devious/shameless.
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