Hey, MT. But that is EXACTLY the problemo here...manipulation. He better have a "surefire" plan up his sleeve, 'cause this will be flipped and diced before it reaches .07
These "trading strategies" are killing the pps. PH cannot predict the outcome unless he unleashes a bombshell worthy of sun on top a green canopy.
can't see any floors in the deal they registered, and if Hoffman is using their LIFE fund then the stock was issued between 90 and 120 days ago and is being pushed into market now
would that help explain the "trading strategies" and toxic dilution
would phrases like
"Within a year of their deals closing, dozens of companies with so-called “death-spiral” or “toxic” structured PIPEs had lost 96 percent,"
and
"In a typical death-spiral structure, a company issues convertible preferred stock or convertible debentures that convert into common stock; however, instead of being fixed, the conversion price changes based on how the issuer’s common stock performs after the deal is closed"
and
"PIPE investors had every incentive to pound the price of the common stock down after the deal closed so they could rake in more stock"