That's not how they do in pinky land. They do that to screw common shareholders. Math doesn't work at that time. Conversion ratio only applies to us, not them.
If the company is legit, if they are making money, if their intention is to do the real business, they buy back shares. That's the solution. They retire shares.
Talk is big here. Folks are throwing wild numbers up to $20 per share, but stock can't hold 0.0013, lol. Company should remove stop sign first. If they are diluting (Looks like so), stop share printing machine first. Come clean. Otherwise, we are here for a long time, imho.
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