Thursday, November 19, 2020 3:29:48 PM
He got those preferred shares for free...free as in he gave them to himself claiming they were in lieu of a salary.
Now he’s converted free preferred shares into millions of common shares that again were free to him but now actually worth real money that he can sell at any point.
It’s the true definition of a shell game.
If it weren’t... I mean if there were any real value to this shell trick and if it weren’t really a shell game then the stock market would be listening and moving this stock higher instead of lower.
Any investor here had better be very careful with this stock and not be risking too much.
I’m all for trading it even though it’s been a real dog the last two days but I’m in the green on it and will sell if this positive trade starts to threaten my gains or threatens my position with a loss.
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