Two companies with no business or income.
A (the listed Siaf) and B the totally imaginary (TRW). Cross owned.
Both claim to make profits and claim to have big assets.
Shareholders see only value loss and no yield and dilution.
They claim to build capex on the other, it's getting very valuable!
That's why we have no cash and dilute!
Market doesn't believe. Remaining shareholders feel they are fooled.
Shareholders must get something more concrete. But it's a scam, what can we give? How about a ceremonial "distribution of shares" or "share dividend" from company B to the shareholders of company A.
Some believe, fake businesses seem more real when you get something!
Share goes up, management of this scam company duo does what they do best and prints and sells more shares.
Good business.
Shareholders got glimpse of hope, internet promoters some material get more sheep in the flock.
The overhanging cloud of lawsuits against the serial diluters and known reverse splitters evapotrates for a while.
Scam sells.
Dilution continues and from nothing they created a spike printing and selling shares more profitably.
And that's what they continue to do.
Quite sick really but these things have always existed, always somebody wants to believe...
