No, the entire history of the OTC disagrees with you.
This won’t go to no bid. There will be buyers well down into the trips long after the funding has run its course, so your entire line of reasoning is faulty.
It could eventually drop that far, but a simple RS will fix that. Again that’s very far into the future.
No spin needed here. This is pure aggressive dilution.
EDIT: Again, spin not needed. This won't dilute to "infinte shares". Escalating shares, sure. That's why it's a toxic death spiral. But they will certainly make a major profit on that full 5 millions dollars worth of shares, especially because this is a popular promotion stock within the ihub community. There will be lots of fresh blood to drain as prices sink.
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