Oh yes they can. Penny stocks can increase the A/S in very short order. It's a very speedy process for pinks where they can raise the A/S up. That is why I stated an A/S increase or R/S. If the company is a viable operation, the R/S is the better move from a shareholders standpoint, however, in order to convert restricted shares that become free trading the A/S will need to be increased if they are not already floating around. That is why the process to increase the A/S is sometimes sudden so one can cash in quickly if need be. If people are being compensated with restricted shares the A/S will surely increase. There is only 37.5mm left.
I will guarantee something will happen. I have been doing this for years where experience matters.
Now we know that the company dumped so a buy back isn't even an option otherwise why dump. We also know that a share retirement is very questionable as they just diluted it nearly all the way to the A/S. So I do believe an increase in the A/S is what will happen rather than a R/S at this time as the company will try to max it out even more instead of an R/S at this timing. It is possible though they will R/S and keep the A/S the same.
Know when to hold them and know when to fold them.
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