Because it's a scam.
I've been telling people for years what they do. The majority stockholders are the same ones who own the debt of the company. They do nothing but pump up fake news/events so that they can dump their shares off.
There is a small spike in price, but the majority of it is them selling at the lower price and/or taking whatever they can get.
When they get low on stock, they just issue themselves more as debt payment. The things they "buy" are often times extremely overpriced, like they'll say a website worth about $500 is worth $1 million and sell it to themselves via another company they create.
This R/S was light. When they first took over the company a few years ago they R/S it up to $3 a share. They dumped it all the way down to what it was, and now back up to 50 cents.
I haven't looked at the details, maybe the debt is now gone and they sold the stock off to a new company, but if the debt hasn't changed then the same scam is on.
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