I'm sure dilution played a role in this, but even worse than dilution is toxic notes. Companies are destroyed by them every day. The company needs to start showing revenue, and address investors on what their plan is to fix the share structure. Trading at this level makes buying back shares much easier. We'll have to wait and see what happens.
Does anyone really believe that toxic debts just expire? Toxic lenders are in business for a specific purpose! To make money! I am not believing for one minute that these debts expire and the lenders are just sitting on their thumbs and watching their money fly away! It sounds like horse zhit to me! Anyone else???
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