It’s too bad the SEC and FINRA failed to protect investors in DIRV.
Serial reverse splitting equity dilution structures like DIRV should be disallowed. Because these equity structures are mathematically rigged against the common equity holders through massive new common share issuance, reverse split, more massive new common share issuance, on and on and on.
Case in point.
On November 4th 2019 DIRV reported 2,185,077 outstanding shares. Doesn’t really sound like a lot of common shares right? Well on July 31st 2019 don’t forget DIRV had a 1 for 500 share reverse split.
Had Roger not done that reverse split in July, DIRV would currently have 1,092,538,500 common shares.
To carry this even further, on May 22nd 2017 DIRV had a 1 for 200 share reverse split. Had Roger not done this reverse split DIRV would now have 218,507,700,000 common shares.
Don’t stop there. On August 2nd 2016 DIRV had a 1 for 35 share reverse split. Had Roger not done this reverse split DIRV would now have 7,647,769,500,000 common shares.
Still not done. On February 24th 2015 DIRV had a 1 for 30 share reverse split. Had Roger not done this reverse split DIRV would now have 229,433,085,000,000 common shares.
How do you sell 229+ Trillion common shares to pinkie players? When the OS is embarrassing high and the PPS is embarrassingly low, it’s another reverse split moment. Over and over and over. It’s serial reverse splitting dilution machine scam mathematics with literally an endless amount of new common shares for sale.
RS accounting trickery.
229 trillion + common shares of DIRV sold by Roger Ralston. LOL
