Honestly, lack of investor interest.
We are talking about a company that DID go, the equivalent of viral, in the media for a short while.
That got a LOT of attention, however because Greg and Will screwed up the crypto run, VERY few people want to invest in Sing, at least the moment, because of their track record. The same thing I plastered all over this board not long ago.
Their track record now affects the quality of investors and the money they put in.
If they didn't want to deal with a stagnant PPS they shouldn't have wasted the momentum when they had it.
But they did mess it up, and now we are trying to push a car through a snow storm
Once Sing can stop the hemorrhage of trust, we can expect to see the PPS get healthy..
Until then we just need to wait out the time it takes to get new investors who Sing won't piss off
At least my opinion with recent events and watching the PPS. To me if it was mass dilution the PPS would feel it way more than this.
But then again I can't say for sure how much they are doing..
So my guess is probably as good as yours
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