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Friday, January 17, 2020 6:12:53 PM
Beyoncé wearing L4L shoes is many years old now. This is old news. This stock saw its major upswing the day before and the days after the Labor Day weekend in 2019. Since then the company has increased the outstanding shares by over 400%.
The huge majority of the share structure increases were directly into the market via the release of unrestricted shares. They were basically printing money.
They have not provided financial transparency to shareholders via filings. They did however share multiple videos to a pump crew. These videos contained workers and “Karen” in offices rummaging through mismatched pairs of shoes and hanging around in a board room in Manhattan. The pump crew then desseminated these videos onto social media platforms such as twitter.
Very poorly executed pump. The pump was not designed to run the share price up 1000%, but just enough to entice buyers and continue their dilutive practices. The o/s keeps growing and each passing day suggests the company is no closer to compliance. They do not seem to be working towards having any of the OTC markets warning symbols removed.
$RBNW
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