It's sure trading like a stinky pinky. Ceo can careless what the pps is, he'll just do RS when it gets near the deadline to be compliant. Same thing that pinkies do to its shareholders, let's the pps drop on dilution and RS.
Reissue more diluting notes, pps drops, and another RS to be compliant.
And again, and again.
Like the ceo cares about his shares, he is getting money from the dilution. Just need to hold a certain percentage to hold majority voting rights on RS.
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