Yup. Wash rinse repeat with a new storyline and whatever the next hot theme is.
I have actually seen with the Ray Barton Schemes he will give the pumped company after they milked it dry back to the owners.
All these guys want is a good storyline so they can sell their discounted shares. I actually feel sorry sometimes because these little businesses go in with good intentions and haven't a clue what toxic funding is all about. Unfortunately they learn the hard way. I witness it all the time on these pinkies. As does everyone else on the board.
I would like to see a three strikes you are out for these pinkies! Some of these scams are six scams deep with their new businesses and storylines - and all involving the same debt from the first round!
More or less. Though if management can continue think up new business plans and the like--say, suddenly getting into pot, or bitcoin, or whatever's hot--all they need to do is reverse split, announce the new "plan", and do the whole thing all over again.
Some companies have kept on going for many years that way.