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Re: None

Tuesday, 04/23/2024 8:39:47 AM

Tuesday, April 23, 2024 8:39:47 AM

Post# of 60448
Dilution kills investor value. The 500,000,000 shares that were authorized back fired on investors including institutions who voted for it. Its obvious the company has been selling into the market thereby putting pressure on an already low price. No doubt thepenny price tag will remain there probably for years bouncing along within a tight range never showing any signs of recovering. The company will see to that with their ongoing dilution.
Expenses will grow as they burn cash. Sales will never offset expenses and losses will continue. Sales are in the distance and then only a wish.
Longs betting on the company recovering soon have placed a bad bet. They're stuck in a hole they dug themselves.
Hogwash will continue to promote in an effort to shine light and give hope. As was witnessed in the past, it will have no effect. .Followers will however look to those posts so to take comfort. Temporary feel good won't translate into results however.
Fundamentals are and will continue to be lacking. Clearly, as witnessed by the never ending selling and lack of buying support, the stock will be under pressure.
Some Longs so dedicated will continue to think the px is a bargain. They'll continue to buy shares ignoring all common sense investment principals to do so. This is the price they pay.
Its all a sad commentary for those so committed for all the wrong reasons. R.I.P
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