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Re: Charlie3274 post# 5806

Friday, 09/06/2024 12:17:31 PM

Friday, September 06, 2024 12:17:31 PM

Post# of 7449
I agree it is not. But what else are they going to tell you?
They have no money and their only currency is shares.
If they just raise the share authorization to 10 billion shares and the share price drops below $0.0001, with a 40% discount for share conversions, the toxic death spiral financing won't allow any common investors to sell, because most can only sell at 4 decimal points, while the toxic financiers can convert lower and hope to sell at $0.0001 or higher to lock-in profits.
Plus, if they convert at $0.00006, it will take a massive number more shares to get that same $ to stay afloat.
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