Did you read the signed letter of intent? It details exactly what is going to happen.
The introducing of 100 billion new shares and a subsequent 1:1000 RS are being done to not only give the company the necessary 80% controlling stake necessary and to allow for the convertible notes but also to create a much more manageable share structure.
This company seems legit and if they want to go public, they will need a legit ticker that doesn't trade at .0003. Once they go through with all of this eventually the dust will settle and they will likely have a PR campaign to try and bring the PPS back up so they can uplist and trade on a much better board.
Unfortunately, this all means the legacy stockholders are absolutely shit upon. I have actually never seen such a giant poop being taken on shareholders faces... It is the ultimate hot carl transaction.
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