Friday, January 14, 2022 11:06:03 AM
When they apply for a loan and it shows the stock is only worth .0003 a share, who would loan them any money?
Not only that, we (shareholders) can't even benefit from another company buy out, as the potential buyer can't obtain voting rights.
The best option is to quit buying shares and let it go nearly bankrupt to the point his only option is to sell to someone else. Going totally bankrupt would put him in the same boat as us. Selling to someone else might allow him to make some money, and maybe it will turn it around for everyone. With the original owner controlling it, I don't see an upside as he thinks dilution will somehow make the company a success. At some point the brand will just be a scarlet letter to avoid from all. Who would want to buy a product that may not be around for parts and upgrades, 5 years from now.
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