On another board, Stock Twits or Yahoo Finance there are posts that there have been sales of stock totaling over 100 million shares in the past few months massively diluting current shareholders. The next thing that they are predicting is that we do a massive reverse split and then continue to dilute shareholders again from there.
Are current shareholders happy about this? Does management suffer at all in this scenario? Am I exaggerating how bad this seems to be for current shareholders? The selling of hundreds of millions of shares under a penny can only put downward pressures on the share price.
I do not see any efforts by management to communicate with shareholders. Is this some sort of nightmare? Is there anything positive that could be said?
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