PYCT is not getting production going - they are flat broke.
. See their financials. They also have no financing in place for anything.
They need the 1:150 reverse split because their share structure is pretty close to being maxed-out. Once they reverse split and the share price tanks (in that order), they will likely continue to issue shares until their share structure is again maxed-out.
If they keep the share auth at 29 billion shares, one will know they fully intend to dilute shareholders into the ground once again.
It will be really scary if they decide to not reverse split the preferred shares.
Also scary is incorporating in Delaware. Lots of scam co's do this, because DE is not very open for investors to see the share auth increases.
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