A RS in pink land is literally the kiss of death. It'll cause selling, not buying. No pink stink CEO will announce a RS without pumping the hell out of the stock first so he can dump shares. And when the shares are gone, THEN the RS announcement comes. The volume we see here is shares being traded to the new entity. Look at the time and sales.
Exactly. I pretty much said that as well. The thing with this one is, Gil is coyly and slyly hiding behind his "credentials" and this "pending reverse merger". So he in essence, is doing the shady pumping and dumping behind this "news" and getting away with it. The outcome depends on whether there really IS a RM or not. We shall see.