Suissac, The same reason people bought this stock years ago. Hype and hope. The logic now is cost average buyers who bought at $.20, $.18, $.10, $.05 so they can pretend they never paid that much for the stock and it still won't make them a profit either, but saying they paid less per share is more an emotional not an investment strategy and is why so many shares are being bought by 1000's who take this step as the last resort to getting out of this ticker with a little dignity.
And also the bottom feeders who never bought this stock now jump in at $.0004 and figure if it goes back to $.0006 they can make a slight profit.
That is why anyone buying now with even a slight rise in price will make them a few bucks while those who paid more and cost averaged will always be at a loss.
If you bought this stock at any price higher than $.001 from cost averaging or jumping in for the first time at $.001 you will never make any profits from that investment. And buying more now will never make a profit because those buying in now for the first time will sell before any cost average buyers can at a profit.
I am sure a person who paid $1000 at $.10 who has 10,0000 shares figures if they buy another $1000 at $.0004 they will have 2,510,000 shares they averaged down to $.0008 and hope they can sell at $.0009 just to get out and break even. Not going to happen.
Even if someone paid $1000 for 10,000 shares and bought 10,000,000 now at $.0004 for $4000 and they now own 10,010,000 at a total cost of $5000 puts them at an average price of $.0005 that is still on a decline below that. That is why the debt dump will keep the price going down so no one even those paying initially only $.0004 can ever make any money while the cost average buyers are doomed.
A share-selling scheme makes less money if retailers can also sell on even a slight uptick. This is about making money selling just shares and those selling it get all the money and YOU can’t have any of it. They may tell you, you will make a fortune but that is so you buy more from them so they make the fortunes.
It's about money not company performance and selling shares is so easy and with little cost it's all CASH just not for you or any retail investors, sorry to say.
Also the PR about the 200/1 reverse split may have been posted to trigger investors trying to buy more so they have at least some decent share count after the RS. But that may be just PR to unload the rest of the debt shares before this finally ends.
I have my doubts about the RS but even so, the company will just start again selling 200,000,000 at $.12 then back on down like history dictates.
