There is a lot of money to be made here when you have nearly 700 million shares to convert with an average basis price of only $0.00017. We are talking about $116K worth of stock that is now worth several million at .005. LOL That is a ton of motivation for nefarious activity in my opinion. Don't get me wrong, I have little sympathy for OTC traders who call following the crowd on a social media board due diligence. These schemes and the retail trading carnage is actually fun theatre. My only regret is not having the practical means to short sell this ticker every time it popped above a penny. There is no viable underlying business here, so for me it is obvious that it will return to October lows.
You obviously have no idea what the working stock market definition of "promotion" is.
Section 17(b) of the Securities Act of 1933 requires anyone that is paid to promote a stock must disclose the amount of the payment and who paid them. This is probably the most violated SEC regulation, which is not a surprise as it is also the least enforced. Toxic funders routinely pay promoters to pump the stocks in which they are funding.
To make money on their toxic convertible loan, these funders require volume to dump into. Lots of volume, because they have a lot of stock to sell. Thus the need for lots of promoters, most of whom are non-disclosing as telling the public they are getting paid to pump, and who paid them to do it, would scare even the most die-hard penny plunger away.
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