Rebus Holdings Inc (RBSH)

[1970billjohnson]

His preferred shares don't reverse split like the common do though.

I ran in to this with another company, they did a merger, a major player has the preferred shares, didn't matter, stock ran to almost zero and then reverse split and they issued more stock on top of it.

They use these things like piggy banks, they never care about common holders.

If you also look in that last filing there is still $2.1M in conversions on top of the $515k conversions and all at a discount.

I was excited here until I fully read that filing.

And in the other company the moment they went current they unleashed the dilution.

I wish this would work out but I doubt it will, I think their plan is to do that reverse split so they can start the dilution all over. Why not, it's what 99% of these companies do.