Couple of things about that intelligent post. Consider that converters will short ahead of conversions. Not unusual to see the stock drop big and volume increase ahead of actual conversions. In other words they make money on the downside. They also make money on the upside too. Converters can make more going both directions.
Now about this being a QB. Yes that means they file with SEC. Yes that means they can not just raise/change share structure willy nilly. That is a no no. They have to go through the proper procedures. Now it will not take a couple of months, that is too long. They have to vote and then file a form and that is what is used to notify stock holders. Stock holders must be told at least 20 days in advance of a change. They could not follow the law and not do that and I have seen that before but generally they will follow the proper procedures. Nice thing about a QB over a pink. Things got to be filled or at least supposed to be.
Was 001 bottom? There is a decent chance that it was. Can it go to trips 7 or 8? Absolutely. Can it go lower then that? Sure could. Thing is though it would be rare for a stock to go from above 10 cents and go straight to the no bid abyss without even one strong bounce before hand. Very very rare to see that.
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