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Saturday, October 07, 2023 12:47:36 AM
Those that are trying to hype the reverse split up as something good because of the current (lower) share count are doing it because they need new buyers to help get them out of their own bad investment choice.
The company is essentially worthless since it is beleaguered by debt and can only raise money thru S-1 offerings, loans from “loansharks”, and other dubious non-conventional sources. No real bank will pony up money since there are very little assets that are already not collateralized against other loans.
Those that repeat the mistakes of the past are doomed to failure.
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