Sunday, July 22, 2018 1:25:10 AM
Then, after share prices are at or near the minimum price a stock can trade and the share float has increased to an unsustainable level, those fraudulent companies tend to reverse split and continue repeating the same scheme..." To me, that seems to describe what FLCR is doing here.
The Bank of Greece did this to "raise capital" in 2015 and disastrously fleeced their shareholders. Stock value, overnight, went to 16% of its original worth. People lost $Millions. They eventually had to take down their U.S. OTC stock because the U.S. Bank, NY Mellon, decided not to continue handling their business.
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