"Last RS they did was 1:20 and 1:10."
Exactly. And their O/S is quickly ballooning to the level in which they enacted those reverse splits, which means the next one isn't far off. What happened post split? Dilution and plummeting back to trips, just like right now. Just like every time. ABCO has never, ever realized shareholder value, nor did they ever intend to. This is just a piggy bank for them because their insolvent company can't secure a traditional loan. Hence, all the toxic debt over the years. They just do it "delicately" to conceal their impropriety as a business.
They paid off a very small amount of debt in cash over a year ago. Other than that, they've paid nothing off in cash. They paid toxic debt with MORE toxic debt because their share price and lack of liquidity wouldn't be able to handle the conversion, and they knew they couldn't fall back on a reverse split, not with having enacted one not long prior.
The company, a lifelong one riddled in insolvency, is now completely going for broke, as shown by the last 8k. They are now dipping so far below the meniscus to achieve solvency that they are headed straight towards bankruptcy and closing their doors.
This garbage is being laid to bed, finally.
News 
Market Data 
Discover 
AI
