Well they're raising the A/S to 20B shares for a reason. And that is to eventually dilute the O/S to that over the next year or two. 20B shares x 2 cents equals a market of $400 million. Almost half a billion bucks for more or less a shell operation? Not in a billion years. The current price of .0002 is going to look real good after they reverse split 20 for 1. After that split, theoretically the PPS goes from .0002 to .004. But at .004 that gives them a big spread to dilute the share price back down to .0001 again.
Or let me explain it this way: Say today you own 10 million shares at the current SP of .0002. Your holding is worth $2000 today. Now say tomorrow they revers split 1 for 20. In theory, at the instant of the split your holding is still worth $2000, but now you only own 500,000 shares at a share price of .004. Fast forward a year or so to where the price per share is once again .0001 (not a matter of if, just a matter of when, look at the chart). Your 500,000 shares becomes $50. Now reverse split that again as history suggests they will, your $50 holding becomes $1.25. Your $2000 diluted to $1.25, that's painful. But not as painful as if you started with $10,000 because that would have become $6.25.
So do you see why the current price of .0002 looks way over valued a year or two from now?
And yes I own shares of this that I purchased at .0003 back when this used to trade on heavy daily volume. I was hoping to flip it in a few days/weeks and make a quick 50-100% profit or so. But now it looks like I went from being a short term stock holder to a long term stuck holder. But believe me, it's not the first time I got stuck holding empty bags of a pump and dump operation (CCTR comes to mind too). It comes with the territory of messing around with stinky pinkies or penny stocks in general.
Disclaimer: All the above just my humble opinion.
