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Alias Born | 11/29/2010 |
Saturday, July 27, 2024 11:55:27 PM
Then to actually believe new management will not only assume massive debts and operational costs... but then fill this shell full of valuable assets despite owning no shares themselves.
THEN to delude themselves into believing new management will happily divvy up the profits from the assets and business activity with people who own shares that were either bought from or held by long suffering bagholders!
Those 5.5 billion shares were issued and sold by previous management long before John Kyungjin Park grifted in and was handed control of this ticker. 100% of that money from the sale of those shares was squandered or stolen by previous management and their puppet master/ owners. So to expect NEW management would have any loyalty to the fools who bought all those shares is a special form of idiocy. That's why, IMO the ONLY possible recourse to rehabilitate the bloated, burned out share structure of this pig is an epic REVERSE SPLIT along with a token/ disproportional (*cough cough*) "reduction in the A/S which amounts to a giant increase in new, pump-and-dumpable shares while pretending they are reducing both the A/S and O/S.
That's the only way to clean out old bagholders
Reverse splits are never gonna never happen... till they do.
Buyer beware IMO
Consider me an IDIOT. Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.
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