Can B Corp (CANB)

[Plus9]

"Smart Money" is in cognitive dissonance. CANB did the same thing before the reverse split. They ended up issuing a total 1.5 BILLION shares, diluting the existing investors into oblivion, then jacked them over again with a draconian 77:1 reverse split.

And they are doing it all over again, but yet there are still individuals proclaiming "smart money" is in play on this stock.

So the reverse split gave us 3 million common shares with an almost non existent float to attract new victims, which it did. Now, CANB has diluted those shares with an additional 13 million shares that can be issued, 4 million of which are pouring into the float as we type.

With this type of systematic dilution of the stock, no way it will ever reach $5 to qualify to be listed on the NASDAQ, not going to happen with the current business model.

As far as I can tell, this is a scam. If it was legit, they would have focused on product sales and revenue before hiring an extravagant "independent" BoDs.

LOL