i think it is important to be clear on something...there is nothing physically stopping to company from “buying shares” in the open market.
The question is what do they actually do and why. I see plenty of penny scams actually make some token purchase simply for the pump value of the story. Those are actually the worst scams because they are taking some risk in doing so.
So as I mentioned already...we know this company issued well over 400 million shares into the OS in the first quarter and sold 4 convertible notes for cash in the first quarter at a significant discount...
...yet they are telling you today they bought back a small amount of stock?
On what level does that make ANY sense other than a bold faced attempt to pump the stock?
Folks should take profits...this type of nonsense doesn’t help the pps for long.
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