The fact that he hasn't RS yet is amazing. When the paperwork was filed it mentioned if they did max 100:1 the share price would go to $3.00.
At least then he had more wiggle room for more notes. Now what? We go to $1.20? More shareholder bail when that happens, price drops, and he has no room left for many more notes.
Crazy. Either we don't know something, or this guy is going for the fastest bankruptcy after a reverse-split in history.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.