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Re: MaunawiliBoy post# 28410

Friday, 04/28/2023 2:02:17 PM

Friday, April 28, 2023 2:02:17 PM

Post# of 28486
Most of these worthless penny stock companies have a reverse-split followed by an ATM to raise cash to pay bills and dilute. PBIO had a 30:1 reverse split in 2017, but doesn't appear to have done an ATM to raise cash. They paid bills by borrowing then paying back with shares, and thus diluting. Different approach----same end result---dilution and lower price. These clowns have absolutely no idea how to grow their business. They have made three business pivots in the last three years----and none of them well thought out.
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