All the selling is retail investors. There is no dilution happening whatsoever. Reason for PPS continuously going sub penny is lack of up to date financials, no RM details on the company merging, and no PR to explain why Xu is so far behind on completing the above. Investors are losing confidence and why they are selling. This is coming from an investor holding sub penny shares but at some point if Xu does nothing by April, many will sell for summer and come back in Fall and that is guaranteed as is what happens every year on majority of stocks including OTC.
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