The share structure was last updated on 11/19/21, which was 13 days ago. Prior to the last update, the outstanding share count has only increased by 100,891 shares since 10/22/21, as reported weekly by the following posts.
And existing convertible note holders have agreed not to sell until mid-December. The company does have to issue shares to raise capital to continue to operate until revenue is sufficient to fund operations. But I don't think one can assume this is the case just because a rogue MM is shoring the hell out of our stock for their own profits.
My concern is the upcoming Nasdaq uplisting. If this is done the same way as Amarantus was done, short sellers can drive the price below the required minimum price. What is the company's strategy to prevent that? Maybe someone can ask on the call today how this R/S and uplist will be different from the Amarantus one.
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