They are only doing a Reg A because the SEC won't let them just take on toxic financing and then pay for it with dilution anymore.
Here's the problem, nobody cares. Nobody wanted their share exchange BS merger deal, especially after they let XREE drop from over $3 to .24 in like 3 weeks, and no one wants to pay a 500% premium or whatever it is on a stock that people would GLADLY offload to them for trip 1's for shares in a company that has NOTHING going for it.
So what is their solution? R/S without changing the AS and just dilute more shares into the float all over again. It might not get em to Maui but it'll get em to Cabo. Sure, people who bought trip 1s aren't gonna lose money, but as soon as any of the bagholders from the last scam realize their shares might be worth more than a steamy dump the ask walls will be so high you'll be able to see them from space and you will never see the equivalent of trip 3's pre-split again.
Fool me once...
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