Resonate Blends Inc (KOAN)

[shajandr]

When this turd scamstock hits 0.0001, they just REVERSE SPLIT the hell ~OUTT of it and keep selling it down again.

There are may pennyscams that have done 6-9 reverse splits in just a few years.

Look at what DRYS has done in just the past year or so.

PPJE, as another example, has done 4 RS's in just over 2 years.

Same reason, it was trading 0.0001 x 0.0002, so they did a 1 for 1000 RS and it sold back down to 0.0001 within 3 months.

TXHD will do the same thing. It's common in pennyscams with massive FLOORLESS CONvertible debt, where reverse splits don't hurt the debtholders one bit. That's why CONvertible debtholders CONvert debt into shares in dribs and drabs and DUMP them immediately. The underlying DEBT is unaffected by reverse splits, and they don't hold the CONverted shares - they CONvert directly into free-trading shares and DUMP them, over and over and over.

All the way down.

Then RS and repeat the process.