Yeah, when company dilute stock with the wrong financial groups, their stock get attacked , manipulated and played. It's how these financial groups work.
Once that happen and the company lose legitimate institutional support, it's going to be very hard to come out of that and recover obviously because the stock price is so low some might not be able to invest at all.
Ideally, an RS to raise the SP and then news to pump it and attract institutional support would be great, but I find it hard for anyone to trust current management to pull something like this.
Plus the past offerings have dilution still in place and hasn't been addressed. It's just not going to gain investor confidence.
They can't really breach the contracts and cancel all the warrants out there. Once the bad finance is done, you don't get out of it that easily.
So management got a lot to do to get out of this. I think they should just stop asking for RS and focus on building the share price. It's not hard for them to do that.
But, guess what? They have something else in mind, or so it seems.
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