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Thursday, October 05, 2023 3:07:52 PM
That is usually what a reverse split does.
Wipes out the legacy holders, create a ton of room in the A/S, end up with a share structure that “looks” reasonable and then start the promotion dilution machine.
It’s why he is doing nothing now to promote the stock. It’s doesn’t make sense until after the RS, name change etc. to create a fresh crop of future bag holders.
1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95% chance of being right about.
3) Am I a paid basher?
Answer: Wait…what? You can get paid for this?
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