Penny stock CEOs don't benefit from the eventual collapse of a stock after dilution runs it into the ground. They benefited from all of the money raised during the dilution.
Unfortunately, PVEC is not at its absolute bottom. If Peter Villiotis does a reverse split of the stock even the current bottom price of $.0001 would be inflated by the R/S with people owning proportionally fewer shares. Peter would then issue more new shares, which would cause the new share price to drop. Existing shareholders would end up with even larger losses. This is a common occurrence with OTC stocks.
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