The same issue time and time again. Here is what to do.
History proves "SHORT" these on the initial pump, and dump them when the dilution happens. I should have waited a little longer to buy them back at this low price but at least you never lose when you short these tickers.
You can turn $10,000 shorts into $9,000 net buying them all back for $1000. But you can never make back more then what you sold short. That's why it’s not a major score but it is still win win. The majority prefers to buy into these schemes high and then buy more on the decline to cost average as the float is increased to 10's of billions.
That is when we clean up buying back cheap what we sold to those who jumped in initially at the higher prices. If 10,000 play the high return cost average and 1 plays the short call, the shorts will always win. Especially when the company structure is the same as the previous crash and burn ticker. Follow the facts and evidence and you can never lose. The problem is making $9000 on a $1000 investment cannot compare to the masses who want to turn $1000 into $1,000,000.
What I think may have happened is the scheme runners let the market makers over sell the shares in this last round and the current price and huge volume is just the company allowing the market makers to cover naked shorts with new issued shares they buy cheaper. That is why you see so many shares trade at this low price. Its just market makers buying cheap what they also sold higher before the shares were available.
Others greed is my best friend. It’s a game. Play to win!
