ToughBuilt Industries Inc (TBLT)

[John_Vallay]

As long as you have a margin account you could short a stock.
I wait until the reverse split happens before I short it because sometimes stocks under $1 go up for a couple of days, but they always drop and if shares are under $1 they don't always drop as quickly as I want.
TBLT will always drop because they keep raising money to finance their business growth. Its an oxymoron - Toughbuilt business is GREAT, but the stock is terrible. The reason the stock is terrible is because the CEO has never properly financed the business. He always went to traders to raise capital. He never went to investors. Every time he raises money its through a toxic financing.

The CEO owns less that 1% of the company but he doesn't care because between salary and bonus he made $1.4 million last year.
I am sure he gets reimbursement for many things like car allowance, meals and I am sure much more which just adds to the salary and bonus.

He is living his life through salary and bonus which at $1.4 million last year is good, but if he was real smart he would have financed this company differently and he could've had a nice exit strategy when a large company acquired Toughbuilt.

The next reverse split will allow Toughbuilt to stay on nasdaq, which means they can raise more capital which means CEO will make his salary and bonus, which means the business will continue to operate, but retail investors that buy the stock on the open market will lose their investment - AND THAT IS WHY A SHORT IN TBLT IS WELL WORTH IT.