agree. the kind of ask slapping going on here is eye opening. someone or some group of people wanted a mountain of stock fast and they bought them all on the ask at opening bell. Well over 100 million shares plus snatched up.
Reverse split - kiss of death for penny stocks like FONU
The massive dilution needed just to pay the bills will drive the share price down.
They won't even have enough shares available after the reverse split to fund FONU's paln to raise $50 million for operations that they indicate they need.
This doesn't include the money Jake Shapiro needs for movie production.
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