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Thursday, December 21, 2023 6:50:34 AM
That is par for the course
The chart reflects a 1 for 50 in October that reduced the float from 100 million to 2 million
My assumption is company officials and insiders who invested in this money losing business prior to going public have been steadily dumping shares to hapless retail and equally dumb hedge fund idiots who never bothered to thoroughly vet this charade
I am writing a book, American Cars of 1958. Check often for the latest addition. https://investorshub.advfn.com/American-Cars-of-1958-37252/
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