Damage has been done! Dilutors killed the stock the day of the RS announcement, and they are still on the L2's too. This was a nice thin stock with a lot of opportunity, and it has been trashed this week after R/S and 3.9 billion share convertible note agreement done by the CEO to the CEO lol
There are no shares being canceled per the PR. Only "converted" into a note to later be converted back. If they were truly canceled, why wouldn't CEO TOM just cancel them? That's the real issue here.
Supposedly he wants to grow the company, and even if he just retired his shares the company would grow and demand a higher PPS since the market cap would have been cut in half with the cancellation.
The thing is CEO TOM KNEW the RS news would KILL the stock price, which is why HE IS ISSUING HIMSELF a note to shield him from the price tanking 80% in ONE DAY.
For previous loyal investors, this dick move cost everyone a TON of money. And HE KNEW THAT WOULD HAPPEN, which is why there's a convertible note involved to himself in the first place.
CLASSIC SCREWY MOVE FROM A SCUMMY CEO.
Disclaimer: My posts are of my own opinion based on fundamentals and/or technicals on the chart. They should be considered for informational purposes only.
AI
