The company is not a scam. Revenues are increasing. It IS, however, a former NASDAQ that has incurred extreme toxic debt. The resultant dilution has repeatedly decimated the stock price, so they have reverse split the stock four times, the first three in a failed attempts to retain their stock listing.
As well, the $ volume traded doesn't really mean much, seeing as the volume of the last few days has exceeded the o/s by many times, over 3x today alone, proof of an insane amount of flipping going on.
Going forward, in order to meet the needs of the debt holders, assuming the stock price doesn't rebound significantly, they will again need to raise the A/S at least by 10x, if not a lot more..and dilute the O/S a corresponding and devastating amount. It will not end well.
