That's how it stays. They know it's not going anywhere. The 1-2's stay locked up pretty much all the time. The bid is always in on the 1-2's . They flip the 1-2's at 3-4 and on occasion at 5 when some unwary person comes along and buys them. It's been going on for months.
Same thing ABCE did right before they announced their RS. s Look at it now. Barely trading waiting on the RS they've already announced. Every now and then they pump the volume up a bit to draw in more victims and then they dump huge loads of terds on them before it falls back to the 1-2 level. They wait them out. Their victims once again forced to sell at a loss and walk away, the game starts again. After all, these professional scammers own hundreds of millions of shares. They can wait forever. They're making huge profits flipping at 50-100%
Companies like this are nothing but worthless shells used for dumping shares. Created with fake profiles and ran by dilution crews buying up the 1-2s locking them in with huge bids at the 1-2 level. The people that set these scams up are well connected. They have to be to pull something off like this. From fake news releases and profiles to manipulating the trading - marker bidding.. The entire 9 yearsa.
This one will eventually get to the point no one will buy their 1-2's either and go no bid. That's when they'll have to make a choice. RS or Sell the pink slip or like many others, it'll just sit and wait it out. A dead stock. Sometimes for months or even years. Once in a long while the pump and dump crews come along and revive them , flip their hundreds of millions of terds over and over again.
They're nearly always listed as some up and coming pot company, medical billing, covid cure scam or something else along that line. Something that you can't verify.. Many or most tied in with some supposed foreign company or foreign research or doctor to try to add credibility or validity to the story. Nearly nothing that can be verified directly except through their own fake PR releases mostly coming via twitter or some half ass fake news stock company that they send their fake profiles to to be posted to "verify" their lies. They're nearly always broke if and when they do finally become current and release financials. The only real source of income they have is what they steal from investors through these dilution scams.
There's one running right now that recently hit .10.. Their address is even bogus. Not current in their state or with the state of Nevada or with the Stinky Pinky people at the SEC. It's unbelievable how many of these scams are running with no intervention.
This is likely why that fake press was released telling people they would not be answering any more inquiries. The company don't want people to think they're involved with these scammers. They don't want to answer any more questions because there's likely something going on here that people don't know about. I'm guessing, this thing is under f full out investigation at this point. You can't shaft this many people without causing a major stick. This thing has likely been reported to the SEC hundreds , if not thousands of times. These things are elaborate scams.
Many times even the companies fall prey to these scams. They sell off huge blocks of shares to some investor - loan shark company, then they're at their mercy while the loan sharker retains a dilution crew to dump those shares. By then the company's reputation is completely ruined because people label them as a pump and dump. You never know how is behind them or if the company is directly involved, or they themselves are victims of these scam running pump and dump crews.
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