It all depends on the companies accomplishments or potential. If this is done as a desperate act to save a company with a dismal future, you are correct.
If it is done by a company that has good assets and needs to be recognized on a reputable stock exchange, this can be a good thing.
In the pinkies there are very few good examples of success no matter what the stock format is. I can only hope we are in the process of "catching lightining in a bottle", with WL's help.
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