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Alias Born | 09/22/2006 |
Thursday, October 03, 2019 7:04:16 AM
That is certainly not the case here. Yes, a dilution scheme, (which by the way, this is a textbook case) would make his equity stake as worthless and untenable as any investors, but that IS the business plan. There is no other. This company is a cardboard cutout, a Potemkin Village, designed to make an appearance of a legit outfit. Everything is a prop in a theatrical production.
Before the last R/S, the AS and OS were, as now, in the tens of billions of shares. They printed and sold them all the way from $.05 down to sub-penny over a period of many months, tens of millions per day. So if you do THAT math, he and his thieving confederates are doing just fine.
Good luck!
-Fritz
The more you know, the less you don't know.
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