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Wednesday, October 19, 2022 6:16:55 PM
Yes, there were paid promotions.
Yes, it appears that the whole buying building thing was false, and thus the PRs the company released were probably misleading.
Yes, the price drop is significant, and yes, the likely outcome is a 0.0001 price point and then probably a reverse split.
While the company never said that they were a SPAC, calling themselves a "Blank Check Company" is close enough so that the average investor or trader would consider it a SPAC, so that was misleading by the company.
Yes, there is significant dilution and yes, that's the only business the company seems to be involved in.
Yes, they did promote themselves as a potential REIT, and there is some evidence that they weren't genuine in that claim.
So, I think we are agreeing in large part about the state of the company and the stock, and the quality of management.
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