You also had institutional investors that held more then the majority of shares. They almost went bankrupt. When they found a way to merge the two companies and avoid bankruptcy the very large hedge funds were able to control the price.
As I mentioned many times before. It’s not even close to an apple to apple comparison with TGGI. It’s also why to be taken seriously TGGI will need a massive RS and clear off all the overhang.
The low of $0.05 you have got right, but the highest price per share was $ 12. Now I repeat, if? if? the same scenario !, scenario !, happen with TGGI like Sirius Xm than R/S will not take place.
It's not written in the stone but despite of this , it's imaginable no R/S.
And the bosses in China figured out that R/S it's very bad option.
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