As a CBAI shareholder and a new member (reading and very rarely posting), I have come across many companies with horrible capital structures. I have tended to avoid investing in companies with a history of reverse stock splits, perpetual IPO status, or companies with billions of shares outstanding.
However, I have never been invested in a company that burns through shares in this manner and is about to move down a questionable path of reckless and questionable capital structures.
I bought a ton of shares at $0.002. I have never sold a single share. I was a dedicated long until this point. Now I am shocked and lost!!
Do you or others feel it is better to take a wait and see approach about the authorized share increase or get out ASAP and buy back at a cheaper level?
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