Exact opposite of real life. When the share price was $5 they claimed huge wins, tremendous earnings per share. But no dividends. Seemingly no progress. So share went down to $2, still huge wins on reports and papers but no money, starting to get very needy for loan. Dilution gets frequent. Stock goes further down because wins are not believable anymore. They can't pay dividends. Rather, they start diluting. They should sell assets now rather than dilute. But they don't sell assets. Now the assets are not believable. Stock goes under $1, more dilution, no asset sales. Now the stock is $0,30 because nobody believes in wins/dividends, nobody believes assets/selling them, nobody believes dilution will stop.
Now you think asset sales and dividends will start? Now the dilution will stop?
No. That time passed by already.
It's just dilution, no assets, no dividends. It is proven already. If they could have turned this they would have done it long time ago.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.