Interesting extrapolation but-not-a-"source:"-what teachers were trying to teach all those years about referencing sources.
No one disputes that someone who bought original shares and relied on that to get by wouldn't even have time to stand on a food pantry handout line now, they'd be living under an underpass and too tired and ragged to get out from under their filthy rags, while Ashton and his Cartel have been getting grossly overpaid all along: he got $425,000 in 2016 according to the source I quoted. (THAT is the meaning of "source.")
In past they've gotten much bigger perks and bonuses, he's probably angry he's "underpaid."
Your numbers ARE a great visual wake-up call to anyone "investing" in penny stocks, and what it means to R/S and R/S and R/S... and the SEC allows this, it's legal theft worse than what any criminal on the streets is doing. This time Ashton & gang acknowledge right in their SEC filed 8K that they're aware of shareholder anger over this and hence the new "plan," but the SEC can't go after every individual shareholder who may dump even if he's not supposed to --
Then again, never underestimate the government's ability to punish the law-abiding "little guy" and let the far bigger and more extreme crooks go free. (Not to get political but if we're extrapolating to make our points graphically -- it's like where in CA the liberal establishment has let illegals drive without license, insurance or even knowing the rules of the road for years, probably in unsafe vehicles, while if YOU or YOUR young adult family members did that they'd have the book thrown at them -- while cops have been forbidden to punish these drivers --
Who's paying off and running the gov't? Not the law-abiding little guy... So is there enough fear of retribution for the terms to even stick? IDK. All the SEC ever does anyway is Halt trading so the little guys lose the most, the crooks reinvent themselves elsewhere usually.)
Will this keep crashing just b/c it has so far, after sometimes spectacular spurts? There are filings that make this a different game: BUT as I've said IMO we see there is too much skepticism for that to hold as planned, however IF they don't keep diluting as they can, it MIGHT hold some... it might be very near bottom here again, but who'd have thought it would crash to .75c then .80c in such a short time?
I doubt those who held through the R/S will get back to the post-R/S highs, that was brief while the conversion stood at the rate it went through at, then as people started getting shares into their hands and selling, started to crash. As with many R/S's many didn't get their shares back to trade until the PPS was already much lower, just one reason PPS usually crashes soon after an R/S, not always but usually.
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