Sure - CEOs frequently RS the stock they are majority holders of. They still are majority holders after a RS as well and then can sell a little, get the price down and then issue them lots of shares for "Services Provided".
If a 100 to 1 RS were to occur the price would likely rest to .25 cents after the RS...
Of course you ask why since the price is now at .008
As soon as a RS is announced there will be a huge sell off and the price would go to .001 to .002 - .25 would be lucky!!!
Then sell a few shares and issue oneself many more for services provided and continue with the sell on news effort
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