Sunday, April 28, 2024 9:45:06 AM
2nd. I read an article where an attorney advised companies NOT to make any transactions to claim "not a shell" as a short-term "fix" not to be delisted to circumvent the "new rules" that were put in place and appears was probably done here as a potential regulatory issue among glaring others.
Let's take your previous example of throwing $5000 at the dart board on each of 5 stocks which is insane imo unless your name is Bozo Lucky..
Egoc was bought at .005 1 Million shares 5 Grand. You now have 4000 shares after r/s worth $232 and would now take $1.25 just to break even. If the shares were sold now and bought back at the first sign of any life at .0001 which is a strong possibility, would be 232,000 shares. Simple math.
stupid is as stupid does.
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