Totally misleading ... and this; "No one at company is selling or will sell this year ...." is the most misused and misunderstood common statement of all.
Everyone should know how that works. Joey Rat borrows many 10s of 1,000s of dollars from lenders who are compensate with shares at a 70% discount to the lowest market price within the last 30days. For instance, today they could buy shares at .00027. If they lent Joey Rat $50,000, they are entitled to 185,185,185 shares. They then sell these shares into the float at an enormous profit to themselves while diluting existing shareholders to death.
There are Billions of shares ready to flood the market in this manner. Not to mention the additional 4 Billion shares that can be converted from those Preferred shares.
Retail shareholders cannot win.
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