Nothing about this company has been or will ever be desirable to investors.
Run and never look back!!!!!!!
I’m just curious why the assumption of a RS would hurt price ? When at this price point a RS would pump up the price making it more desirable to investors?
Because there are dozens of note holders whose initial loans dwarf the entire market cap. They have been trapped for months unable to sell even at these levels. After the RS they will dump like crazy. Even the company itsself will dump as selling shares is its only real income.
This will be back to a 5 billion shares OS within a year, or back to 0.0001 and no bid.
In general the OS will double every month.. but the first couple of months will be much faster than that.
The only difference the RS makes is that you have 10000x less shares.
Exactly what many thought during the previous 1:100, roughly $0.0060 on the day of the reverse, opened approximately at $0.60x$0.70, and proceeded down over the next few weeks to pennies, then of course to where it is today. When this opens at $1x$2, it’s hard to see this moving higher IMHO.
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