True story. The lower the share price, the more millions of shares the PIPE investors get, which they can then immediately dump upon retail and blow up the float. PIPE investors get to screw retail on the pump AND the dump.
It's a most beautiful grift. Many people are saying the best grift ever.
however, 607 million float - 90 million - 20 million - 1 million PIPE= 496 million + 4 million certs = 500 million TRUST
99.9 million could be a "bitch" to get
But Truth be told ....1 billion in PIPE is going nowhere at the Present price ...102 million held in an APEX Clearing (Ally) account. $4 seems to be the low price on PIPE. $4 X 1000:1 = $4000 ...also a 70% share reduction
$4000 X 70 x 99.9 million SS = lets call it 700 BILLION for shits and giggles ...considering the 2008 market fail
Then someone wrote a 10.8 trillion dollar check...