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Slojab

04/26/23 11:35 AM

#42674 RE: SidewaysTrader #42673

The all time high for TWOH dating back to 2016 is $235,000,000. Sadly, this doesn't take into account the R/S done in 2014 or it would be even higher.

Elituv issued shares 18 times to himself and other officers/directors to compensate for resulting drop in the sp as a result of these R/Ss. Remember, insiders never get hurt by a reverse split. It's only the shareholders that get wiped out.

Whether or not Finra allows Elituv to do a 7th (!) R/S remains to be seen. But if they don't how will he raise money to support his floundering company? No one is going to buy enough shares to raise the cash necessary. And there's a limit as to what risks the toxic financers will take.