How can you say its primary purpose is to enrich insiders when the number of issued shares are so low. Look at all the other pump and dump scams will billions of shares.
Furthermore, convertible notes are a common method for any new company to get investors and raise money so stop acting like they are the plague.
Lastly, if the purpose of the company was to enrich the holders of convertible notes it would make a lot more sense for them to maintain a high stock price which they could achieve by issuing a bunch of fluff prs. Yet they don't.
All signs point to your analysis of this company as being wrong. Good day to you sir.
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