So that is why. Thanks for the info. HLBZ makes and rents these e scooters you see in select big cities such as where I reside in Charlotte. The other public traded e scooter company is Bird (BRDS) listed on the Stock Exchange. That company started the fad. Two of those HLBZ scooters have sat on the curb in front of my apartment house unrented, haven’t moved, for about two months. Fad like plant based food that has faded. i think both companies will go bankrupt unless they effect reverse splits and follow with selling newly issued shares.
HLBZ was 12 cents earlier this week. Today the wash trading rallied the price to 37 cents before falling back to 19 cents. Currently pricing at 22 cents in the Gaucho session.