Traack Technologies Inc (TRAA)

[Toxic Avenger]

Doesn't matter when the shares were issued. The reality is they now can dilute by a factor of 200 times the O/S. If they hadn't reverse split, they could have diluted by a factor of 2.

Toxic lenders know that as they convert their debt to shares, the stock price will crash, so they need a HUGE amount of shares available for issue. Hence the need for a reverse split. It's exactly the OPPOSITE of "don't need to reverse split if they're issuing toxic notes".

Toxic debt is the only way for the company to get financed as they have no assets and Brett certainly isn't funding it out of the goodness of his heart.