RAIT Financial Trust (fka RASFQ)

[Value_Investor]

Another New 52-week-low 0.0219! The Pos Scam with a very stupid CEO who did 1:50 Huge R/S to crash the stock to almost ZERO MV while he could keep the trading price above $0.01 (i.e. $0.5 Post-R/S) without that R/S!

Do you know what is his intention to do so? To destroy all the loyal shareholder's investment? Or he wants to buy the company assets at Huge discount price? Will he cancel all the common shares as soon as next month?

Anyway Pre-R/S it was traded at or above 0.075 v.s. at 0.0219 Post-1:50-R/S!

As I known just a shareholder had already lost Millions dollars here!