If the deal is right, the stock price will go up for sure and big time but if the news is fake, well then then they deserve to go even under a penny.
Most 5b to 7b o/s share stocks are trading around .0006 to .0009. So they are now almost 500m (and authorized 1B), ideally, they should be around 1 to 5c at most but due to the acquisition news, it is still between 15 and 20c.
I guarantee if it turns out the acqusition is fake and even if they go current, it will be about a penny or two if not a sub penny.
So the sudden significant increase of o/s share count on Jul 6 is the main cause of this sell off, people are not dumb, they understand the math.
Now prove that the acquisition is real, go current and go up or go fu ....k yourself, lol.
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