Replies to post #49056 on Alkame Holdings Inc (ALKM)

[PRmaniac]

They still have tons of toxic debt. And that news was from 2021.
And the terms involve exorbitant interest (as happens with many ailing companies).

ALKM approaching 10 billion shares (their share auth limit)

Reverse split - it is coming.
Guessing it will be 1:2,000 reverse split
And ALKM will not let investors know, because they have enough voting shares for the reverse split without asking common shareholders. Investors will just find out that they cannot trade for a few days while the reverse split changes number of shares at brokerage houses, but toxic financiers will almost immediately be able to dump their toxic deathspiral financing shares ahead of most common investors, as the share price then tanks.