Saturday, December 26, 2020 9:42:15 AM
TMBR had an RS , Can't remember the exact terms but after the RS it was well over 4.00 , within a day it was down to less than 3, then 2, now look at it well less than a year later.
Last month it was still trying to hold a dollar. Now it's trading in the .70-80 cent range working it's way back to trip land to do it again.. It'll R.S. again and again as will worthless TOPS and SHIP and this one will also.
These RS scams are the equivalent of a bankruptcy sale. The only difference in a bankruptcy and an RS is the Share holders get shafted and pay for an RS whereas in a bankruptcy the creditors get the shaft.
Whoever made these RS rules basically devised a way for these terd shell companies to screw stock holders over and over again. It's shameless, unethical and nothing but a loop hole for con-artist
SHIP and TOPS have done so many RS the last decade I can't count them all. I think TOPS has done at least 10 or 12 by now. It should be illegal. To allow ONE under extreme circumstances would be enough, but some of these companies are making a living doing it. They have no economic worth except for their dilution ability. This is a prime example.
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