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Thursday, October 13, 2022 8:05:18 PM
They’ve issued plenty of shares….In just the last month (8/31/22 to 9/30/22) there were these increases:
212,243,111 increase in outstanding shares
111,111,111 increase in unrestricted shares
111,111,111 increase in shares held at DTC
Also, the OS more than doubled in the first 9 months of the year:
OS a/o 01/01/22: 629,144,530
OS a/o 09/30/22: 1,341,008,743
= 711,864,213 shares outstanding shares added in 9 months
I don't think there are enough outstanding shares to warrant a reverse split. If nothing changes, maybe in a couple of years after they've issued more shares. However, I couldn't argue against that (issuing shares and reverse splits) as the business plan. There isn't enough, really any, data to the contrary
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