Saturday, January 20, 2018 1:34:24 PM
This company already has gone through three pump and dump routines, where the company has absolutely nothing afterwards. Of course, the insiders got all kinds of money when they converted preferred or debt into decorative common shares and unloaded them onto the muppets in the retail market.
First, there was the pre SirenGPS pump and dump, which ended when the stock went $0.0001 and no bid;
Then, there was the whole SirenGPS pump and dump, where the company had ZERO revenue; (and lets not even talk about the alleged shareholder derivative lawsuit the 'new' insiders were going to file to recover money from the converted shares which was never filed in an court anywhere and no longer mentioned in press releases)
Now, there is the reverse split 1:1000, afterwards which the stock fell below a pre splite adjusted price of $0.0001 and only recently just recovered to a little above on massive pumping. Of course, the stock is still way below the $0.0009 or so pre split price ($0.90 post split)
Now ViaOne, in control of the company, has 8.3 million shares. For anyone who bought pre reverse split, that would 8.3 BILLION shares when the max number of shares was 2 billion.
Way to go!
Oh, and I noticed the stock does not even trade $5K per day while many pre reverse split holders hope for any spike to try to recover something and only lose 50% on their initial investment.
What I find amazing is that even with all of the pumping the stock still can't go anywhere!
Louis J. Desy Jr.
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