Massive share reduction one week only to severely dilute the following week (still at an unknown amount) I feel is intentionally misleading, unethical, and potentially fraudulent. It’s the equivalent of saying, “invest into my business plan since the structure of the company has changed significantly.” Ok, so people invest. The following week the CEO says, “Oh yeah, we’ve decided to restructure the company similar to the way it was previously.” Once the SEC is notified they might at least dig into it, and a judge could see the intent malicious.
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