Lessee… 3M shares of preferred for a buck a piece that convert into common stock at a 24-1 ratio… that’s like 4 cents a share….
He gets stock at 4 cents a share…… and folks think that’s a good thing, so good they’re paying nearly a buck a share today?
Wash trading robots are on, don’t get trapped. This won’t last. O/S turned over a couple times already on a stock that was trading 100-200k on good days.
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