R/S most certainly does devalue the stock
Technically no it does not, yet in the land of those aspiring felons (CEO of said turds) nothing much matters aside shareholder / prospective shareholders mental valuation. Therefore when said CO. torches existing shareholders by such means, valuation falls with.
Considering the fact that 9/10 times the share price settles within mere basis points of the prior PPS, it's pure devaluation. This is the only way it can be looked at, considering also the company is public, which means no more in the OTC than what someone is willing to pay for the lottery ticket called a share of said turd, and get out unscathed, prior to the standard share selling, to reduce shareholders (and shareholder influence on internal futures of said turd) yet continue liquid flow in which is used to fund lifestyles of those in which run through the legalities of legal money funneling.
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